Morning Brief: China Tries To Support Economy Despite Prolonged Lockdown, Macron Gets Second Chance
Americas
Economic Indicators and Prospects
Four High Frequency Indicators for the Economy https://t.co/ClEcf3EdOA pic.twitter.com/PBNywwNbjI
— Bill McBride (@calculatedrisk) April 25, 2022
Housing
Housing Inventory April 25th Update: Inventory up 1.7% Week-over-week; Up 14.2% from Seasonal Bottom https://t.co/57g3N0bs1r pic.twitter.com/mIFTCj5uBY
— Bill McBride (@calculatedrisk) April 25, 2022
Builders have the lowest unsold finished homes per community ever in our survey. Should help them ride out rate storm that’s now brewing. pic.twitter.com/s6dBTCGA8m
— Rick Palacios Jr. (@RickPalaciosJr) April 25, 2022
Monetary Policy
Politics
🇺🇸 #Biden job approval second lowest among presidents since 1950s: Gallup – The Hill
— Christophe Barraud🛢🐳 (@C_Barraud) April 24, 2022
*Link: https://t.co/ITdgVg5QsR
*Be ready for the #Fed tightening ⬇https://t.co/HpvwhZAEGv
Trade, Supply Chain and Geopolitics
U.S. Treasury Secretary Janet Yellen entered an often heated debate in the European Union over how to readjust public finances following Covid, saying that more flexible fiscal rules are needed https://t.co/bTUSLcCwf0
— Bloomberg Economics (@economics) April 25, 2022
Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin were in Kyiv late on Sunday for talks with Volodymyr Zelenskiy, an adviser to the Ukrainian President said https://t.co/YWiRuwn4ID
— Bloomberg (@business) April 25, 2022
Asia
Covid-19
Markets
🇨🇳 #China Lockdown Fears Rip Through Markets as Stocks, Yuan Tumble – Bloomberg
— Christophe Barraud🛢🐳 (@C_Barraud) April 25, 2022
*Link: https://t.co/87T923XosR pic.twitter.com/qNTtZK4txd
Economic Indicators and Pospects
China lockdown index at 40% of GDP. Most restrictive policy since the beginning of Covid. $USDCNY, $AA, $COPX, Chinese industrials sniffing it out. pic.twitter.com/0k6J0bvBvl
— Teddy Vallee (@TeddyVallee) April 25, 2022
Housing
Monetary Policy
The yuan dropped to the lowest level in 17 months as a Covid outbreak spreads to Beijing, with the central bank standing aside as traders sold the currency https://t.co/DGJqwnU8YJ
— Bloomberg Economics (@economics) April 25, 2022
🇨🇳 #China Lowers Banks’ FX Reserve Ratio to Counter #Yuan Weakness – Bloomberghttps://t.co/BYqIvDP0VJ
— Christophe Barraud🛢🐳 (@C_Barraud) April 25, 2022
🇨🇳 #China should act to ease COVID impact, boost growth over 5%, central bank official says – Reutershttps://t.co/g1cBUuT0iv
— Christophe Barraud🛢🐳 (@C_Barraud) April 25, 2022
The Bank of Korea should stay on a path to policy normalization as inflation remains a more pressing concern than a slowdown in economic growth, Governor Rhee Chang-yong says https://t.co/NgjakzaHmT
— Bloomberg Economics (@economics) April 25, 2022
Fiscal Policy
Trade, Supply Chain and Geopolitics
Global Shipping Update: China Is About To Wreck Your Summer https://t.co/GotcCChLTH
— zerohedge (@zerohedge) April 24, 2022
Port congestion in China is prompting more vessels to refuel at the country’s ports as the worsening Covid-19 outbreak forces the reconfiguration of shipping routes https://t.co/KEqduyp8eb
— Bloomberg Economics (@economics) April 25, 2022
Europe
Economic Indicators and Prospects
🇩🇪 *IFO APRIL GERMAN BUSINESS CONFIDENCE INDEX AT 91.8; EST. 89.0
— Christophe Barraud🛢🐳 (@C_Barraud) April 25, 2022
*IFO APRIL GERMAN CURRENT ASSESSMENT INDEX AT 97.2; EST. 95.9
*IFO APRIL GERMAN EXPECTATIONS INDEX AT 86.7; EST. 83.5
🇬🇧 U.K. Property Asking Prices Beat Record in Market ‘Frenzy’- Bloomberg
— Christophe Barraud🛢🐳 (@C_Barraud) April 25, 2022
*All regions and all segments of the market hit record highs for the first time since 2007. https://t.co/dQatRf26D0
Monetary Policy
🇪🇺 #ECB policymakers keen for quick end to bond buys, early rate hike -sources – Reutershttps://t.co/tBQaP42QFZ
— Christophe Barraud🛢🐳 (@C_Barraud) April 25, 2022
Energy
The prospect of Europe getting cut off from Russian gas supplies is starting to get real https://t.co/JxMO9FIVMc
— Bloomberg Economics (@economics) April 25, 2022
Politics
🇫🇷 #FRANCE | *MACRON HAS 57.3%-58.2% OF FRENCH VOTE: 5 POLLSTER ESTIMATES – BBG
— Christophe Barraud🛢🐳 (@C_Barraud) April 24, 2022
*LE PEN HAS 41.8%-42.7% OF FRENCH VOTE: 5 POLLSTER ESTIMATES
Emmanuel Macron won another crack at convincing the French public that his pro-business, pro-European vision can work for them, after beating nationalist rival Marine Le Pen in Sunday’s election https://t.co/WVX1jXn6f1
— Bloomberg Economics (@economics) April 25, 2022
Trade, Supply Chain and Geopolitics
🇷🇺 🇺🇦 Putin abandons hopes of #Ukraine deal and shifts to land-grab strategy – FThttps://t.co/ZSDPHYM7Xa
— Christophe Barraud🛢🐳 (@C_Barraud) April 24, 2022
The European Union and India plan to launch a joint trade and technology council in an effort to deepen cooperation between the two regions https://t.co/Ab7HAftx52
— Bloomberg Economics (@economics) April 25, 2022
Other Areas And Global Economy
⚠ #WeekAhead: Week 17 (2022) ⚠
— Christophe Barraud🛢🐳 (@C_Barraud) April 25, 2022
🇪🇺 🇷🇺 More EU Sanctions on #Russia
🇪🇺 #ECB Speeches
🇺🇸 🇪🇺 U.S. and Eurozone GDP
🇨🇳 #China Manufacturing PMI
…https://t.co/GCUbHOkFuj