Morning Brief: China’s Politburo Pledges More Stimulus to Rescue Growth, Euro-Area Inflation Hits Record
Americas
Economic Indicactors and Prospects
A Few Comments on Q1 GDP and Investment https://t.co/5H2M0ieJqQ pic.twitter.com/vD14hvPeQW
— Bill McBride (@calculatedrisk) April 28, 2022
Weekly Initial Unemployment Claims Decrease to 180,000 https://t.co/6efdGGzp10 pic.twitter.com/JHsJ4vQfVe
— Bill McBride (@calculatedrisk) April 28, 2022
Biden blamed the drop in GDP last quarter on “technical factors,” saying that employment, consumer spending and investment all remain strong https://t.co/x3nSaeIF5X
— Bloomberg Economics (@economics) April 28, 2022
Housing
NMHC: April Apartment Market Survey shows Tighter Conditions https://t.co/S0caigXe35
— Bill McBride (@calculatedrisk) April 28, 2022
"A majority of respondents (59 percent), meanwhile, thought that apartment market conditions were unchanged from last quarter." pic.twitter.com/E4DZRBGrsd
Trade, Supply Chain and Geopolitics
🇨🇳 🇺🇸 #China and U.S. Negotiate On-Site Audits in Key Step to Avoid Delistings – Bloomberghttps://t.co/ZEw4LXOoCT
— Christophe Barraud🛢🐳 (@C_Barraud) April 29, 2022
Asia
Covid-19
China's covid panic is almost over pic.twitter.com/H4jOSqXApM
— zerohedge (@zerohedge) April 29, 2022
Monetary Policy
🇨🇳 #China May Cut RRR Two More Times This Year, Securities Times reported, citing Yan Se, a researcher at Peking University’s Guanghua School of Management
— Christophe Barraud🛢🐳 (@C_Barraud) April 29, 2022
*Link (Chinese): https://t.co/ld9V2LCLVd
Food prices, particularly edible oils and some grains, have risen more than India’s monetary authorities had expected, according to a dovish member of its rate-setting committee https://t.co/Q1MjjnyGCM
— Bloomberg Economics (@economics) April 29, 2022
Fiscal Policy
🇨🇳 #China’s Politburo Pledges More Stimulus to Rescue Growth – Bloomberghttps://t.co/LjL9RcoE7l
— Christophe Barraud🛢🐳 (@C_Barraud) April 29, 2022
Trade, Supply Chain and Geopolitics
North Korea Preparing For First Nuclear Test Since 2017, Warn Experts – FT https://t.co/WgZn55WOUF
— LiveSquawk (@LiveSquawk) April 29, 2022
China To End Regulatory Storm Over Big Tech And Give Sector Bigger Role In Boosting Slowing Economy, Sources Say – SCMP https://t.co/igXqYDsStM
— LiveSquawk (@LiveSquawk) April 29, 2022
Europe
Economic Indicators and Prospects
🇪🇸 #SPAIN'S ECONOMY MINISTER SEES GDP GROWTH AT 3.5%, 2.4%, 1.8% IN 2023, 2024, 2025 – RTRS
— Christophe Barraud🛢🐳 (@C_Barraud) April 29, 2022
🇪🇺 Some chatter about wage growth picking up:
— Frederik Ducrozet (@fwred) April 28, 2022
🇩🇪 IG Metall demand for a 8.2% pay raise
🇫🇷 French minimum wage hike(s)
🇧🇪🇦🇹🇳🇱🇪🇸 higher negotiated wages in Q1
It may be the final catalyst for the ECB to hike, but contrary to the US, we're seeing a catch-up not a spiral. pic.twitter.com/u9cE9nOgnk
Euro area #inflation up to 7.5% in April 2022: energy +38.0%, food +6.4%, other goods +3.8%, services +3.3% – flash estimate https://t.co/w6PvwGYiUH pic.twitter.com/AmCTAcMPCX
— EU_Eurostat (@EU_Eurostat) April 29, 2022
Euro area #GDP +0.2% in Q1 2022, +5.0% compared with Q1 2021: preliminary flash estimate from #Eurostat https://t.co/VXXF5PD6m8 pic.twitter.com/VXHLnUMFjl
— EU_Eurostat (@EU_Eurostat) April 29, 2022
Lloyds: More UK Firms Plan To Raise Prices – RTRS
— LiveSquawk (@LiveSquawk) April 29, 2022
Almost six out of 10 British companies plan to raise prices in the coming year due to rising cost pressures, a monthly survey by Lloyds, a bank, showed on Friday.
https://t.co/npVEXaP9ba
Housing
UK house prices rise for a ninth consecutive month as the housing market continues to defy an escalating cost of living crisis https://t.co/Fadl6EtgYT
— Bloomberg Economics (@economics) April 29, 2022
Energy
Natural gas prices in Europe fall for a second day as buyers look for ways to keep paying for Russian gas and still avoid busting EU sanctions https://t.co/5xxfCBbb0O
— Bloomberg (@business) April 29, 2022
Trade, Supply Chain and Geopolitics
Russia’s invasion of Ukraine has pushed public-debt ratios in Africa to the highest level in two decades, with almost half of the region’s economies facing debt distress https://t.co/cJM7V5bTUR
— Bloomberg Economics (@economics) April 28, 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