Derren Nathan, head of equity research Hargreaves Lansdown:
“FTSE futures suggest the index is set to open down, and will start Friday a touch below the level at which it entered the week. UK investors should take some comfort from this morning’s retail sales figures which unexpectedly rose for a second consecutive...
Matt Britzman, senior equity analyst, Hargreaves Lansdown:
“There’s an overarching sense of calm in the air, perhaps a little unnerving given the storm of political drama we’ve become accustomed too since Tump took office. The FTSE 100 opened flat this morning, and after posting another record high...
THE DAILY UPDATE – Saturday 2 April 2022
Why the labour market won’t fuel US inflation
By Julian Jacobs
Despite low unemployment and high inflation, fears that tight labour markets will drive inflation higher are misplaced. Five elements have been vital to the reduction of worker power since the 1970s and are responsible for the considerable productivity-pay gap in the US. The great danger of this bout of inflation is that salaries will not increase fast enough, while panic about rising wages will...
U.S. Transportation Secretary Pete Buttigieg visited the ports of Los Angeles and Long Beach on Tuesday to promote record-setting cargo volumes while vowing to address potential anticompetitive behavior in the container markets.
“There’s no question that when you have a scarcity of access to shipping, you’re going to see upward pressure on prices, and that’s going to be part of our challenge when it comes to inflation,” Buttigieg told a gathering of port officials and lawmakers at the Port of...
https://www.freightwaves.com/news/buttigieg-vows-to-fight-container-rate-inflation
Inflation surges in the US, but ECB may steer Europe clear of similar fate
Friday 14 May 2021 – Vol.12 Ed.19.5
Commentary: US inflation surge is harbinger of what’s to come
By Steve Hanke in Baltimore
Wednesday’s headline inflation figure of 4.2% shocked many. It didn’t shock me nor would it have come as a surprise to Milton Friedman. Money dominates, but that monetarist perspective is not held by most. Even Federal Reserve Chairman Jerome Powell confessed that the Fed pays little attention to the...