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857 days ago

German #inflation rate jumps to a 29-year high with #CPI expected to climb 5.2% YoY in November 2021.

Germany's annual inflation rate is set to climb to 5.2% in November, the highest since 1992 and above market expectations of 5%, a preliminary estimate showed. The reading came in well above the ECB's target of 2%, adding to concerns about growing inflationary pressure in Europe's largest economy amid ongoing supply issues and low base effects.

#Macro

862 days ago

Leaders of three #German #parties will present their coalition deal that will see social democrat #OlafScholz replace #AngelaMerkel as #chancellor

The coalition deal will be presented today.

#Macro
Leaders of three #German #parties will present their coalition deal that will see social democrat #OlafScholz replace #AngelaMerkel as #chancellor

863 days ago

#Composite #PMI in the United States slightly decrease from 57.6 points to 56.50 points in November as economy slowdowns

While the US PMI slightly decreased in November due to a slowdown in growth because of rising prices, poor input availability, and a lack of workers, the European Union fared better with a slight increase from 58.3 points to 58.6 points.

#Macro
#Composite #PMI in the United States slightly decrease from 57.6 points to 56.50 points in November as economy slowdowns

868 days ago

#ECB #RateHikes will not take place in 2022, traders think, pushing back their bets to 2023 following #Lagarde's message

Traders have pushed back their bets regarding rate hikes to 2023, a sign that they are applying policy makers' message of patience and resilience. Money markets now expect a 10 basis points deposit raise only in February 2023, and not December 2022. Source: Bloomberg

#Macro

870 days ago

No surprises on Xi-Biden #summit; all eyes on #tariffs now. Both presidents discussed the role of #competition, and their shared interest in tackling #global-warming.

The Taiwan issue is a clear area of conflict with Xi suggesting the US should not get involved. Investors were watching to see if the summit might help defuse tensions that have built up between the world's two biggest economies. The onshore yuan rose as much as 0.3%.

#Macro
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