United States: The Fed’s Beige Book report was more upbeat than the markets were expecting. The survey also showed an increase in inflation.
Economic uncertainty and COVID concerns are easing.
Stocks pulled back from the highs after the Beige Book report was released (due to inflation concerns).
Eurozone: More gains for producer price inflation ahead?
Asia-Pacific: Asia’s central banks are not concerned about inflation.
Emerging Markets: India’s pandemic situation is out of control.
This chart shows India’s vaccination trend.
Rates: LIBOR replacement benchmarks in the US and Japan are not getting much traction.
Food For Thought: US climate-related costs:
Edited by Daniel Moskovits
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