1022 days ago
Global central bank update: cutting rates is the new cool
Most central banks decided to lower their rates in their last move, with only Denmark, Sweden, Brazil, Russia and Turkey getting a hike.
1022 days ago
The Chinese CSI 300 Index is heading back to its support level
China is now resorting to increasingly forceful measures to contain risks on their financial systems. The Chinese Authorities are asking firms to curb their commodities exposures, forcing domestic banks to hold more foreign currencies, censored the searches for cryptocurrencies, and more.
1023 days ago
The global economic recovery looks promising
The global economic recovery stays very robust, with over 64% of OECD countries that can show above-trend leading indicators.
1023 days ago
Canada sees highest CPI levels since 2011
The Bank of Canada -- which is responsible for keeping inflation in check -- is brushing off the spike, arguing it is being driven largely by one-off factors. The annual reading is distorted by year-ago comparisons when price fell sharply at the beginning of the pandemic, a phenomenon known as the base effect. Price pressures may also be building as businesses scramble to balance a rush of demand against shortages of materials.
1023 days ago
Business inventory to sales ratio at a low: inflation pressure in action ?
Loads of US data yesterday, and one of the less watched ones was business inventories. The data showed that the inventories-to-sales ratio fell further in April and is now far lower than in the years prior to the pandemic. Very low inventories could be linked back to inflation, which makes it more expensive for businesses to produce goods if prices stay the same--in this case, it's not so much that sales are booming, but rather that inventories are being squeezed.
