In today’s briefing:
- EUR Watch – The ECB will soon reveal their true inflation vs growth preferences
- Update Note – Greenland Technologies Holding Corp.
EUR Watch – The ECB will soon reveal their true inflation vs growth preferences
- The ECB is likely going to hike tomorrow and even after the repricing this morning, we still see risk/reward favoring a bet on a hike.
- With the inflation forecast likely being hawked up (as per sources in Reuters), we see a very high probability that the ECB will react to the hawkish adjustment of staff projections with a hike and continued hawkish messaging.
- If the ECB raises the inflation profile to >3% territory in Q4-2023 and Q4-2024, that would constitute a >0.3%-points increase in the profile, which will most certainly have to be followed up by policy action.
Update Note – Greenland Technologies Holding Corp.
Greenland Technologies announced it has won a bid from the Port of Baltimore to help facilitate the Port’s plan to electrify its operating equipment.
This will include sales of the HEVI GEL-5000, a five-ton rated all-electric wheeled front loader with a nine-hour operating cycle and a two-hour rapid charge time.
The first major sales win for HEVI, and one that we expect will accelerate product adoption.
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