Morning Brief: South Korea’s Chip Stockpile Skyrockets, Eurozone CPI and GDP Beat Estimates
Americas
Economic Indicators and Prospects
Weekly Initial Unemployment Claims at 256,000 https://t.co/341j5wFwqh pic.twitter.com/s5S9rwTUu8
— Bill McBride (@calculatedrisk) July 28, 2022
TUNE IN: @SecYellen hosts a press conference to discuss America’s recovery over the last 18 months from the depths of the pandemic, and the resilience of America’s workers, businesses, and economy in the face of international headwinds. https://t.co/EjN1BxTnzr
— Treasury Department (@USTreasury) July 28, 2022
WATCH: President Biden meets with CEOs and delivers remarks on the economy. https://t.co/KJdHOzl4zg
— CNBC (@CNBC) July 28, 2022
Focus on Inflation
If M2 mattered on the way up, it matters on the way down as well, right?#Inflation pic.twitter.com/Vi47zGI3TW
— AndreasStenoLarsen (@AndreasSteno) July 28, 2022
Housing
Lowest Yields in More Than 3 Months, Recession or Not https://t.co/bZqDYClENm pic.twitter.com/3JaOY94jwa
— Bill McBride (@calculatedrisk) July 28, 2022
Monetary Policy
Trade, Supply Chain and Geopolitics
Asia
Covid-19
Tokyo reports an unprecedented 40,406 new cases of Covid-19 on Thursday, eclipsing the previous daily record made last week https://t.co/Q894mMBrQo
— Bloomberg Asia (@BloombergAsia) July 29, 2022
Economic Indicators and Prospects
Japan’s factory output rebounded in June as China eased Covid lockdown curbs in Shanghai, reducing supply disruptions that had rippled through regional manufacturing activity https://t.co/6gYNM0aT5J
— Bloomberg Asia (@BloombergAsia) July 29, 2022
Monetary Policy
Summary of Opinions at the Monetary Policy Meeting on July 20 and 21, 2022 https://t.co/8wXtU420co
— Bank of Japan (@Bank_of_Japan_e) July 28, 2022
Yen Advances To Level That Threatens This Year’s Big FX Short – BBG https://t.co/U58EmjNHmd
— LiveSquawk (@LiveSquawk) July 29, 2022
Fiscal Policy
Trade, Supply Chain and Geopolitics
Whether Biden keeps his words, the touchstone will be whether he can prevent Pelosi’s visit to Taiwan. If Pelosi eventually makes the trip, to China, it will be a joint show between the White House and the Capitol Hill. I believe the PLA air force will definitely take action then https://t.co/2OmPoZlRYu
— Hu Xijin 胡锡进 (@HuXijin_GT) July 28, 2022
Europe
Economic Indicators and Prospects
Lloyds: Inflation Pressure Hurts UK Business Confidence – RTRS https://t.co/9xwRM9Rg76
— LiveSquawk (@LiveSquawk) July 28, 2022
UK says house prices are more unaffordable than ever for buyers https://t.co/5phfM0DnjA via @ZeinabDiouf pic.twitter.com/kI3JijZ3sD
— Zoe Schneeweiss (@ZSchneeweiss) July 28, 2022
Turkey’s trade deficit almost triples from last year as the cost of energy imports surge https://t.co/GwaF0FeU1R
— Bloomberg Asia (@BloombergAsia) July 29, 2022
*Focus on Inflation Data
*Focus on GDP figures
Monetary Policy
ECB's De Guindos: The Main Factor That Will Guide Our Decisions Will Be The Evolution Of Inflation
— LiveSquawk (@LiveSquawk) July 29, 2022
– The Depreciation Of The Euro Has Been One Of The Factors Behind The High Inflation
Full Speech: https://t.co/WQF2VrZYyd
Fiscal Policy
French President Emmanuel Macron’s 5-year plan to rein in the crisis-swollen budget deficit has “numerous weaknesses” including an optimistic outlook for growth, the country’s fiscal watchdog says https://t.co/y67Xt00qCD
— Bloomberg Economics (@economics) July 29, 2022
Energy
French utility Engie says clients are cutting natural gas consumption as prices soar amid Russia’s squeeze on fuel deliveries to Europe https://t.co/xbvlwp7K3f
— Bloomberg Asia (@BloombergAsia) July 29, 2022
Austria paid almost double the price than it did just two months ago to ensure the country has enough natural gas to heat homes and power industries this winter https://t.co/l71DUyE2Wy
— Bloomberg Economics (@economics) July 29, 2022
Politics
Liz Truss's campaign for No. 10 was boosted by a major endorsement after she and rival Rishi Sunak faced a grilling from voters in the first official hustings with Tory members in Leeds https://t.co/qKZh4hPdgy
— Bloomberg Asia (@BloombergAsia) July 29, 2022
Trade, Supply Chain and Geopolitics