In today’s briefing:
- Walker’s Weekly: Dr. Jim’s Summary of Key Global Macro Developments – 14 Jun 2024
- CX Daily: How the EU’s New Tariff Hikes Will Affect China-Made EVs
- Japan Policy Rate 0.1% in Jun-24
- HEW: Backing-Out of Early Cuts
- Sweden CPI Inflation 3.7% y-o-y (consensus 3.5%) in May-24
Walker’s Weekly: Dr. Jim’s Summary of Key Global Macro Developments – 14 Jun 2024
- US CPI and Fed: US CPI at 0, potential Fed rate cuts speculated, cautious outlook from Fed.
- China Optimism: “Age of Plenty” report shows optimism due to exports, tech, infrastructure.
- Global Confidence: China improves, Thailand face declines and political challenges; Japan struggles despite stimulus.
CX Daily: How the EU’s New Tariff Hikes Will Affect China-Made EVs
- How the EU’s new tariff hikes will affect China-made EVs
- Hong Kong creates task force to investigate university management’s escalating spat
- Bankrupt Sichuan Trust seeks investors to bring business back
Japan Policy Rate 0.1% in Jun-24
- The BOJ maintained its policy rate at 0.0-0.1%, aligning with expectations and signalling a gradual approach to policy normalization. It plans to reduce JGB purchases over the next one to two years.
- Global conditions, domestic economic indicators, inflation dynamics, financial market stability, and government measures will influence future interest rate decisions.
- The BOJ’s strategy focuses on sustaining economic recovery and ensuring financial stability, with the flexibility to adjust policies based on evolving economic and financial conditions.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
HEW: Backing-Out of Early Cuts
- FOMC members initially favored only one cut this year, but due to low US inflation, they shifted their view, aligning with the prediction for a September cut. High UK wage inflation and sustained GDP resilience are expected to prevent the BoE from making a cut.
- The BoE is expected to make a decision soon, with the accompanying statement likely to maintain support for a cut.
- CPI inflation being a tenth above the consensus may not affect the BoE’s decision, but a greater upside could influence them.
Sweden CPI Inflation 3.7% y-o-y (consensus 3.5%) in May-24
- Sweden’s CPI inflation rate was 3.7% year-on-year in May 2024, a decrease from the previous 3.9%, indicating a cooling trend that is significantly below the 1-year average but 0.2 percentage points above consensus.
- The CPIF inflation rate was relatively subdued at 2.3% year-on-year.
- Modest increases in PPI and household lending suggest stabilizing input costs, signalling a cautious economic outlook.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
