The PBoC pledged to safeguard the economy from inflation risks in its quarterly monetary policy report last Wednesday, after it projected CPI inflation would exceed 3% in H2. Headline CPI…
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The US economy is well below its natural rate of unemployment and is adding payrolls at a rate of 437k a month (average three-month change). The unemployment rate tumbled 14…
Nancy Pelosi’s expected visit to Taiwan is dragging Asian shares lower this morning, with the Hang Seng and Shanghai composite indices both shedding over 2%. The geopolitical threat is very…
The next Prime Minister will be announced on Monday September 5th. Whoever it is will face a daunting set of economic challenges, including a public sector debt burden at 96.1%…
The Hang Seng properties index dropped 2.9% yesterday and closed down again today at its lowest in over six years. Chinese credit markets continue to reel from more warnings of…
Italian government bond yields jumped again this morning, as Prime Minister Mario Draghi resigned. Snap elections are expected to be announced shortly. Yields on Spanish, Portuguese and Greek government debt…
