Greetings,
United States: Here are the reasons for the lack of urgency in returning to work.
Canada: Four BoC rate hikes by the end of Q3 of next year? The market is convinced.
Eurozone: Economists are boosting inflation forecasts.
The CPI – PPI spread has blown out, which could squeeze corporate profit margins in some sectors.
China: The PBoC says that the property developers’ credit risk is manageable. After a couple of developers paid their coupon, risk aversion eased somewhat, and yields on some leveraged firms’ debt declined.
For the first time in a decade, loans to developers in China declined.
Energy: Fund managers are overweight energy.
Food for Thought: Lithium-ion battery production expectations:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
