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October 22, 2021

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EXCLUSIVE UK public’s inflation expectations rocket to record high: GfK

Reuters
People shop at market stalls, with skyscrapers of the CIty of London financial district seen behind, amid the coronavirus disease (COVID-19) pandemic, in London, Britain, January 15, 2021. REUTERS/Toby Melville/Files LONDON, Oct 22 (Reuters) – A record proportion of the British public thinks inflation will accelerate over the next 12......

Few options for G7 trade chiefs to alleviate supply pinch

Reuters
Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson WASHINGTON, Oct 21 (Reuters) – Trade chiefs from the developed world’s economic powerhouses gathering on Friday have few options at......

U.S. consumer spending beats expectations; inflation still hot

Reuters
People wearing protective masks shop at Macy’s Herald Square following the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, New York, U.S., December 26, 2020. REUTERS/Jeenah Moon Consumer spending increases 0.8% in August Income rises 0.2%; saving rates falls to 9.4% Core PCE price......

Asian factories stagnate as China’s slowdown, supply constraints hit

Reuters
Machinery is seen at a factory specialising in heat treatment on metals, which is out of operation, at an industrial park in Shenyang, Liaoning province, China, September 30, 2021. REUTERS/Tingshu Wang Japan’s factory activity grows at slowest pace in 7 months – PMI S.Korea activity increases but optimism dented –......

Analysis: From chips to ships, shortages are making inflation stick

Reuters
A gas burner is pictured on a cooker in a private home in Bordeaux, soutwestern France, December 13, 2012. REUTERS/Regis Duvignau Analysts still view price pressures as temporary But watching supply, worker shortages closely U.S. seen more at risk from wage-induced inflation LONDON, Sept 30 (Reuters) – Soaring gas prices,......

China manufacturing unexpectedly shrinks, services offer support

Reuters
Employees work on the production line of American infant product and toy manufacturer Kids II Inc. at a factory in Jiujiang, Jiangxi province, China June 22, 2021. REUTERS/Gabriel Crossley Sept official manufacturing PMI at 49.6 vs 50.1 in Aug Sept official services PMI at 53.2 vs 47.5 in Aug Sept......

Powell: “Tension” between jobs, inflation is the chief challenge facing Fed

Reuters
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch/Pool via REUTERS Sept 29 (Reuters) – Resolving “tension” between high inflation and still-elevated unemployment is......

U.S. pending home sales jump to seven-month high; mortgage applications fall

Reuters
Real estate signs advertise new homes for sale in multiple new developments in York County, South Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson//File Photo Pending home sales increase 8.1% in August Contracts rise in all four regions Applications for home purchase loans fall last week WASHINGTON, Sept 29 (Reuters) –......

Myanmar currency drops 60% in weeks as economy tanks since February coup

Reuters
People line up outside a bank to withdraw cash, in Yangon, Myanmar May 13, 2021. REUTERS/Stringer Sept 29 (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military......

Myanmar currency drops 60% in weeks as economy tanks since February coup

Reuters
People line up outside a bank to withdraw cash, in Yangon, Myanmar May 13, 2021. REUTERS/Stringer Sept 29 (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military......

Wall St Week Ahead Fed’s coming taper fans talk of renewed ‘reflation’ trade

Reuters
People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo NEW YORK, Sept 24 (Reuters) – The Federal Reserve’s signal that it will soon unwind its bond buying program is bolstering the case in financial markets......

Ecuador’s Lasso proposes economic reforms to reactivate economy

Reuters
Ecuador’s President Guillermo Lasso speaks during the annual gathering in New York City for the 76th session of the United Nations General Assembly (UNGA) in New York, U.S., September 21, 2021. Spencer Platt/Pool via REUTERS BOGOTA, Sept 24 (Reuters) – Ecuadorean president Guillermo Lasso on Friday proposed new labor regulations......

Evergrande bondholders run out of hope for coupon payment on Thursday -source

Reuters
Chairman reiterates top priority is to help investors Evergrande shares rise 18% boosting other property stocks Investors and analysts play down threat of ‘Lehman moment’ HONG KONG/SINGAPORE, Sept 23 (Reuters) – China Evergrande Group (3333.HK) dollar bondholders were still waiting for information about a key interest payment due Thursday, with......

U.S. weekly jobless claims unexpectedly rise; labor market recovery on track

Reuters
People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. REUTERS/Amira Karaoud Weekly jobless claims increase 16,000 to 351,000 Four-week average of claims at 18-month low Continuing claims rise 131,000 to 2.845 million Business activity slows in September WASHINGTON, Sept 23 (Reuters)......

Indonesia finmin warns of ripple effect from China’s Evergrande debt woes

Reuters
Indonesian Finance Minister Sri Mulyani wearing a protective mask reacts during an interview with Reuters at the Presidential Palace in Jakarta, Indonesia, November 13, 2020. REUTERS/Willy Kurniawan JAKARTA, Sept 23 (Reuters) – Indonesian authorities are monitoring the financial market situation in China, finance minister Sri Mulyani Indrawati said on Thursday,......

U.S. existing home sales fall in August; price appreciation slowing

Reuters
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. REUTERS/Mike Blake/File Photo Existing home sales fall 2.0% in August Housing inventory declines 13.4% from a year ago Median house price increases 14.9% from a year ago......

Two more UK energy suppliers stop trading on gas price hit

Reuters
LONDON, Sept 22 (Reuters) – A further two British energy suppliers stopped trading on Wednesday, leaving more than 800,000 customers potentially facing higher bills, after a jump in natural gas prices pushed the sector to the brink. Avro Energy and Green Supplier Limited became the latest providers to say they......

BOJ more downbeat on exports, output even as recovery seen on track

Reuters
A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon BOJ keeps interest rate targets unchanged BOJ offers bleaker view on export, output Kuroda says Japan’s economy headed for recovery BOJ rolls out......

Labor, building material shortages depress U.S. single-family housing starts

Reuters
A carpenter works on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. REUTERS/Octavio Jones Housing starts increase 3.9% in August; July revised up Single-family starts fall 2.8%; multi-family jump 21.6% Building permits jump 6.0%; single-family......

External review finds deeper rot in World Bank ‘Doing Business’ rankings

Reuters
A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo WASHINGTON, Sept 20 (Reuters) – Weeks before the World Bank scrapped its flagship Doing Business rankings following a......

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