Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
“After many months of scene setting, the curtain has finally gone up and the first dot in the interest rate plot has been followed by the Federal Reserve. The hike of 0.25% was widely expected, given the inflation drama unfolding and it marked the first rise in four years. To show he’s not staying backstage and allowing inflation to run rampant in the stalls Fed Chair, Jay Powell, has signalled this...
GLOBAL & REGIONAL DAILY (Friday, February 4, 2022)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
February 4 2022
Global Markets
Amid record-high inflation, the ECB took a more hawkish than expected turn yesterday, opening the door to a 2022 rate hike, while the BoE delivered a 25bps rate hike.
Greece
According to Eurostat, the unemployment rate for Greece was at 12.7% in December 2021, – the lowest reading since June 2010 – from 13.3% in November 2021 and 15.6% in December 2020.
CESEE
In Turkey, headline inflation...
https://allaboutshipping.co.uk/2022/02/04/global-regional-daily-friday-february-4-2022/
GLOBAL & REGIONAL DAILY (Friday, January 28, 2022)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
January 28 2022
Global Markets
The ‘advance’ estimate of US real GDP growth for Q4-2021 stood at 6.9% annualized, from 2.3% in Q3-2021, bringing the FY2021 real GDP growth to 5.7% after contracting by 3.4% in 2020.
Greece
The Governor of the BoG Yiannis Stournaras, stated in an interview that Greece’s real GDP growth for 2021 may approach 9%, while for 2022 growth is estimated at...
https://allaboutshipping.co.uk/2022/01/28/global-regional-daily-friday-january-28-2022/
How have divergent lockdown measures impacted the UK and Europe?
Thursday 27 January 2022 – Vol.13 Ed.4.4
Commentary: Outlook 2022: US versus euro area performance
By Geoffrey Yu in London
On the face of things, the UK’s decision to avoid fully locking down the economy over the Christmas period appears to be paying dividends. In contrast, the euro area and wider European Union introduced restrictions relatively early, so markets are starting to price in greater underperformance on growth and policy...
Year of Hobson’s choice: UK recession is inevitable, January FOMC critical opportunity for Fed, and more
THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world
17-21 January 2022, Vol.13 Ed.3
Most-Read Commentary
Year of Hobson’s choice:
UK recession is inevitable: For UK economic policy-makers, 2022 will be the year of Hobson’s choice. Out of apparently multiple possibilities of actions, only one is actually available. Boris Johnson’s luckless-looking government may run into a...
Most read 2021: Role of central banks comes under scrutiny – – – –
Thursday 30 December 2021 – Vol.12 Ed.52.4
Top stories of the year: Threats to central bank independence
By David Marsh in London
Many issues that came to prominence in 2021 were born during events of 2008, including threats to central bank independence. Expanded mandates have put central bankers in an uncomfortable situation. Since David Marsh’s 1 February missive, monetary authorities have extended interventions aimed at tackling...
https://allaboutshipping.co.uk/2021/12/30/most-read-2021-role-of-central-banks-comes-under-scrutiny/
Weak GDP for October shows how vulnerable economy is to fresh covid shock
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown
‘’The interest rate dilemma has intensified for the Bank of England. The latest reading for the economy shows just how vulnerable the economy was to a fresh shock, with output in October growing by just 0.1%: weaker than expected. The spread of the Omicron variant is now set to be the body blow, sending the recovery reeling, while...
US Treasury maintains firm line on Chinese FX transparency
Tuesday 7 December 2021 – Vol.12 Ed.49.2
Commentary: US Treasury’s FX report gets it right
By Mark Sobel in Washington
The US Treasury’s latest foreign exchange report garnered little attention, perhaps because it rightly didn’t designate any countries for currency ‘manipulation’. But it is replete with sound technical analysis, plus worthy changes in the enhanced analysis framework. With a relatively dry assessment of China and a continued...
Progress but no victory at COP26, BoE’s November decision showcases flexible response to Covid climbdown, and more
THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world
8-12 November 2021, Vol.12 Ed.45
Most-Read Commentary
Progress but no victory at COP26: Never before has a United Nations climate summit been attended by so many financial institutions. Not everyone is viewing the financialisation of the COP as a positive, with activist Greta Thunberg describing it as a ‘global...
Flexibility needed as major institutions navigate uncertain post-Covid-19 world
Friday 12 November 2021Vol.12 Ed.45.5
Commentary: BoE’s November decision showcases flexible response to Covid climbdown
By Katharine Neiss in London
The Bank of England’s November policy meeting arrived with markets expecting the Monetary Policy Committee to raise Bank Rate for the first time since 2018. Yet, the MPC surprised markets and voted to keep the current policy. Given the exceptional nature of the pandemic...