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After the release of the minutes of the Fed’s July meeting last week, eyes are already on Fed Chairman Jeroen Powell, who will appear at the central bank’s annual meeting in Jackson Hole on Friday, for clues on the road map to the outlook for asset purchases that could cause short-ter...Read more »
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The chip shortages that have hobbled carmakers and computer makers are getting worse. Us fintech firm Susquehanna International Group research shows that chip lead time (the time from order to delivery) increased by more than eight days from the previous month to 20.2 weeks in July, according to ...Read more »
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Southern Copper, one of the world’s largest copper producers, announced that its copper production fell 6.3% quarter-on-quarter to 237,110 tonnes in the second quarter of 2021. Southern Copper Missed quarterly production forecasts as the world’s fifth-largest miner dealt with the ling...Read more »
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World Health Organization (WHO) Director General Tedros Tedros said in Geneva on the 12, due to the novel coronavirus epidemic and vaccine supply imbalance, the global COVID-19 is facing a serious situation. “The mutant novel Coronavirus Delta strain is sweeping the world at an extremely ra...Read more »
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In May, the CPI and PCE both posted their biggest increases since 2008, the PPI posted its fastest year-on-year growth since records began in 2010, and the core CPI recorded its fastest increase since 1992. But the Fed keeps feeding the market the “inflation transitory narrative”, pla...Read more »
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U.S. Federal Reserve Chairman Colin Powell said Wednesday that the U.S. economy is facing higher inflation pressures than previously thought, but the factors driving up inflation are temporary and the central bank will not “pre-emptively” raise interest rates. Powell said at a congres...Read more »
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Today, the global shipping industry is a combination of ice and fire. The epidemic situation in many overseas countries is severe, and there is a shortage of manpower. Major Asian ports are busy with transportation, but they are often plagued by “lack of containers” and “shortag...Read more »
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Copper prices were further buoyed by the prospect of a Labour strike at the world’s largest copper mine in Chile, which threatens already low global supplies. As a result, copper prices on the London Metal Exchange rose on Wednesday, climbing as high as $10,015 a tonne. The union representi...Read more »
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EU private consumption, investment and exports will rebound strongly this year and next, thanks to a combination of accelerated COVID-19 vaccination, a gradual easing of restrictions on the epidemic and economic stimulus measures, the European Commission said in its spring economic forecast. At t...Read more »