The Daily Shot Brief – November 5th, 2021

Greetings,

 

United Kingdom: Despite a surge in inflation this year, major central banks are not as eager to hike rates as the markets feared. In recent days, that has been the lesson from the ECB, the Fed, the RBA, and now the BoE. The UK’s central bank surprised the markets by holding rates unchanged. To be sure, the BoE will probably hike in December, but there doesn’t seem to be the urgency that was priced into the markets.

Source: Bloomberg Read full article

 

United States: The Oxford Economics supply chain stress tracker shows no signs of easing.

Source: Oxford Economics

 

China: China continues to be a disinflationary force by not passing through rising materials prices into exports. Is this trend sustainable? 

Source: Gavekal Research

 

Equities: BlackRock expects earnings growth to normalize as economic activity settles.

Source: BlackRock

 

Credit: Based on the high-yield spread and rating agency projections, default rates for risky bonds are expected to continue lower over the next year.

Source: IMF

 

Food for Thought: US meat prices:

Source: @business Read full article

Edited by Devon Lall

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


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