Economic Indicators and Prospects
🇺🇸 SENIOR U.S. OFFICIAL SAYS EXPECTS FRIDAY'S CPI DATA TO SHOW CONTINUED IMPACT OF RUSSIA'S INVASION OF UKRAINE ON FOOD AND ENERGY PRICES, SPILLOVER ON SUPPLY CHAINS – RTRS
— Christophe Barraud🛢🐳 (@C_Barraud) June 10, 2022
*Link: https://t.co/ptII5LN4emhttps://t.co/YzIYNABPPY
🇺🇸 Most Americans expect #inflation to get worse, Post-Schar School poll finds – Washington Posthttps://t.co/qvzxhPXguv
— Christophe Barraud🛢🐳 (@C_Barraud) June 10, 2022
Housing
🇺🇸 #Housing | A median American household needed 38.6% of its income to cover payments on a median-price home in March – Atlanta Fed
— Christophe Barraud🛢🐳 (@C_Barraud) June 10, 2022
*HT @charliebilello
*Link: https://t.co/lWckGoMJE3 pic.twitter.com/hUBamLYaVo
The median monthly payment of a 30-year mortgage is up 56% year-over-year pic.twitter.com/75gdMxcGrp
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) June 9, 2022
🇺🇸 #Housing | ARMs still make up a tiny fraction of the mortgage market—2.1% in March, according to the Urban Institute, up from 0.6% a year earlier – WSJ
— Christophe Barraud🛢🐳 (@C_Barraud) June 10, 2022
*They accounted for half of all mortgages at their precrisis peak.
*Link: https://t.co/mAYAiGYcUG pic.twitter.com/gM7N34nQzM
Politics
Gasoline prices vs. Biden's approval rating pic.twitter.com/N4dtBVOwhK
— Joe Weisenthal (@TheStalwart) June 9, 2022
Biden approval sinks to 22% among young adults, 24% among Hispanics: poll https://t.co/6uE1RwoO8n pic.twitter.com/iVmhTVJLYz
— New York Post (@nypost) June 9, 2022
Trade, Supply Chain and Geopolitics
One of the reasons prices have gone up is because a handful of companies who control the market have raised shipping prices by as much as 1,000%. It’s outrageous — and I’m calling on Congress to crack down on them. pic.twitter.com/eLIdQBmskJ
— President Biden (@POTUS) June 9, 2022
Covid-19
Japan reopened its borders to overseas visitors on package tours Friday in a move that will potentially boost the economy over time, though the initial spending impact is likely to be limited https://t.co/vWCKEQvID4
— Bloomberg (@business) June 10, 2022
Economic Indicators and Prospects
🇨🇳 #China’s Moderating Inflation Leaves Room for More Easing – Bloomberg
— Christophe Barraud🛢🐳 (@C_Barraud) June 10, 2022
*On month-on-month basis, the CPI recorded its first drop in 2022.
*Link: https://t.co/6gy7rvo6Py pic.twitter.com/IAfTxIOLdx
Japan’s input inflation cooled in May as ramped-up government subsidies helped cap gains in energy prices, a factor that will help contain some of the upward pressure on consumer prices for the time being https://t.co/5z1s9DPbjQ
— Bloomberg Economics (@economics) June 10, 2022
Monetary Policy
🇨🇳 #CHINA MAY AGGREGATE FINANCING 2,790.0B YUAN; EST. 2,030.0B
— Christophe Barraud🛢🐳 (@C_Barraud) June 10, 2022
*CHINA MAY NEW YUAN LOANS 1,890.0B YUAN; EST. 1,223.0B
*CHINA MAY M2 MONEY SUPPLY RISES 11.1% Y/Y; EST. 10.3%
Fiscal Policy
Fitch Ratings has revised its outlook for India to stable from negative, citing diminishing downside risks to medium-term growth https://t.co/2yCwN9WcIs
— Bloomberg Economics (@economics) June 10, 2022
Trade, Supply Chain and Geopolitics
New Zealand’s Jacinda Ardern says collective effort needed to rebuff China’s advances in Pacific https://t.co/Oec0c8J6bZ
— South China Morning Post (@SCMPNews) June 10, 2022
Economic Indicators and Prospects
Bundesbank projections: Economic recovery likely to continue, albeit at a more subdued pace. #Consumerprices will rise sharply in 2022 and #pricepressures will probably only subside gradually from 2023. https://t.co/ruixMIqv9U #economicactivity #economy #inflation #HICP #GDP pic.twitter.com/NrSQsgws8o
— Deutsche Bundesbank (@bundesbank) June 10, 2022
Monetary Policy
Markets should have no doubt that the ECB will combat an unjustified widening of borrowing costs in the euro area known as fragmentation, Bank of France Governor Villeroy says https://t.co/M6StlqOmyO
— Bloomberg (@business) June 10, 2022
Turkey will soon start issuing a new type of government bonds to boost lira savings, the first of wide-ranging measures that authorities promised to adopt to curb inflation and bolster the local currency https://t.co/OFXLo7Jizx
— Bloomberg Economics (@economics) June 10, 2022
Fiscal Policy
🇬🇧 ‘Super deductor’ tax break fails to boost UK business investment – FT
— Christophe Barraud🛢🐳 (@C_Barraud) June 10, 2022
*FT analysis shows negligible impact on a slump that began after 2016 #Brexit referendum
*Link: https://t.co/OcFGlXPm6E pic.twitter.com/IVXHGbH3rT
Trade, Supply Chain and Geopolitics
🇷🇺🇺🇦 Russian forces pummel key cities as they advance in eastern Ukraine – Washington Posthttps://t.co/zbQt0Cl8Fh
— Christophe Barraud🛢🐳 (@C_Barraud) June 10, 2022
🇪🇺 🇬🇧 EU Prepares to Take Legal Action As UK Plans to Override #Brexit Deal – Bloomberghttps://t.co/vq1Bl389sa
— Christophe Barraud🛢🐳 (@C_Barraud) June 10, 2022
⚠ #WeekAhead: Week 23 (2022) ⚠
— Christophe Barraud🛢🐳 (@C_Barraud) June 6, 2022
🇪🇺 🇦🇺 #ECB and #RBA Decisions
🇺🇸 U.S. CPI
🇷🇺 🇹🇷 🇺🇦 Russian Talks on Grains
🇫🇷 French Elections
…https://t.co/zApA4voF6g