dc CB 18:30 GMT August 4, 2022
mkt
Dan Diamond
Updated August 4, 2022 at 1:16 p.m. EDT
Biden officials plan to declare monkeypox a public health emergency
as soon as Thursday in an effort to galvanize awareness and unlock additional flexibility and funding to fight the virus�s spread.
The declaration would come from Health and Human Services Secretary Xavier Becerra, who is expected to discuss the plan at an afternoon briefing, said two officials who spoke on the condition of anonymity because they were not authorized to comment.
Wash Post
dc CB 18:19 GMT August 4, 2022
mkt
data that's driving the rout in oil prices is barely believable
Are Americans really driving less than summer 2020?
ForexLive
dc CB 17:33 GMT August 4, 2022
ECB
Despite a plethora of sanctions and boycotts, Russia has managed to export nearly a billion dollars worth of fossil fuels per day since its invasion of Ukraine.
https://oilprice.com/Energy/Energy-General/How-Commodity-Traders-Are-Helping-Fund-Russias-War.html
dc CB 16:46 GMT August 4, 2022
Potlach
Reply
Barely a month since their delivery, the first German armored self-propelled guns have already ceased service in Ukraine, according to a report by German newspaper Der Spiegel.
The German Ministry of Defense was informed by Kyiv last week that an error message appeared on the cannons and that several of them needed to be repaired. According to the Bundeswehr, the reason behind the malfunction may be that the Ukrainians are firing the guns more intensively than the technology is capable of.
German Artillery Donated To Ukraine Is Already Failing After Just Weeks Of Use
PAR 14:42 GMT August 4, 2022
ECB
Angry Europeans Lower ECB�s Google Rating Amid Soaring Inflation
Reviews of skyscraper have been especially negative in 2022
Frustration reflects consumers� hurdles as inflation hits 8.9%
ByCarolynn Look
August 4, 2022 at 8:48 AM GMT+2
Critics of the European Central Bank have found a new way to vent their frustration, with a stream of poor ratings thrown at the Google Maps listing of its Frankfurt headquarters.
FRUSTRATION ABOUT ECB
Mtl JP 13:51 GMT August 4, 2022
mkt
EURO 1.0194-ish
just ahead 10am fix
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currently puppy in 1.02 - 1.0174 range
Mtl JP 13:43 GMT August 4, 2022
ECB
Why interview 14.000 people ..
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part of propaganda tactic to make selves look caring 'bout plebs
- build warm, fuzzy caring concerned image
propaganda 101
PAR 13:38 GMT August 4, 2022
ECB
Yet another study instead of taking action. French disease. McKinsey making millions as French politicians and bureaucrats can't decide.
Europeans Warn ECB About Fears of Rising Prices, Economic Slump
Central bank starts regular publication of consumer survey
Results are based on 14,000 interviews in six euro-area countries.
Why interview 14.000 people when Jens Weidmann told Lagarde and Lane last year what the problem was?
MEGA EXPENSIVE USELESS STUDIES
Mtl JP 13:02 GMT August 4, 2022
mkt
GBP 1.2115; LoD 1.20649
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looks like friday's low = Sup price line
market's focus now on something else
maybe bonds 'n yields
Mtl JP 12:14 GMT August 4, 2022
ECB
ECB should
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IMF says soaring bills are a lesson in frugality (i.e. prudent money management; i.e respect for money) to the lesser peasant class (ref 10:49)
tokyo boj 12:12 GMT August 4, 2022
sell usdjpy
Reply
Sell USDJPY
Entry: 133.75 Target: Stop: later add
short usdjpy
PAR 11:59 GMT August 4, 2022
Nancy visits Taiwan
Reply
*JAPAN DEFENCE MINISTER KISHI: THIS IS THE FIRST TIME CHINESE BALLISTIC MISSILES HAVE LANDED WITHIN JAPAN'S EXCLUSIVE ECONOMIC ZONE
PAR 11:52 GMT August 4, 2022
ECB
Reply
With inflation rising into double digits in many Eurozone countries maybe the ECB should do an inter-meeting hike.
Average core inflation expectations for 2025 have also risen to above 4%
It is not because most of France is on holiday in August that the ECB which is located in Frankfurt should stop thinking and acting.
The time for action is now.
Inflation is too high and moving higher.
Mtl JP 11:11 GMT August 4, 2022
mkt
IF deepah: 1.1925ish
Mtl JP 11:07 GMT August 4, 2022
mkt
trgt 1.2063 fr low,
maybe deepah
Mtl JP 11:05 GMT August 4, 2022
mkt
.50bps
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GBP is a sell
Mtl JP 10:49 GMT August 4, 2022
INFLATION
IMF urges Europe to pass on energy costs to consumers. ...
... to ... allow heating bills to soar to encourage energy conservation and accelerate the push to net-zero carbon emissions - IMF
Mtl JP 10:46 GMT August 4, 2022
mkt
some good bad news
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UK inflation will soar to �astronomical� levels over next year, thinktank warns - The Guardian Aug 3, 2022
The rise will force the Bank of England to hike interest rates higher and for longer than previously expected, says NIESR
The National Institute of Economic and Social Research also forecast a long recession that would last into next year and hit millions of the most vulnerable households, especially in the worst-off parts of the country.
NIESR said gas price rises and the escalating cost of food would send inflation to 11% before the end of the year while the retail prices index (RPI), which is used to set rail fares and student loans repayments, is expected to hit 17.7%.
Mtl JP 10:03 GMT August 4, 2022
mkt
GBP 1.2180
BoE in one hr
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what beckons is an opportunity to make some moola off the BoE
PAR 09:48 GMT August 4, 2022
INFLATION
IMF urges Europe to pass on energy costs to consumers.
PAR 08:29 GMT August 4, 2022
THAT WAS NOT THE PURPOSE OF THE PEPP
Reply
As concerns the PEPP, the Governing Council intends to reinvest the principal payments from maturing securities purchased under the program until at least the end of 2024. In any case, the future roll-off of the PEPP portfolio will be managed to avoid interference with the appropriate monetary policy stance.
Redemptions coming due in the PEPP portfolio are being reinvested flexibly, with a view to countering risks to the transmission mechanism related to the pandemic. PEPP reinvestment flexibility will continue to be the first line of defense to counter risks to the transmission mechanism related to the pandemic.
PAR 08:19 GMT August 4, 2022
INFLATION
Reply
The Netherlands' annual inflation rate jumped to 10.3 percent in July 2022 from 8.6 percent a month earlier. The latest figure was the fastest rise in consumer prices since September 1975, with the cost of food and non-alcoholic beverages rising the most on record (12.2% vs 11.1% in June), largely due to oils & fats, milk, cheese, and eggs, meat, and fish & seafood.
Additional upward pressures also came from prices of energy (108% vs 83.5%), housing (16.8% vs 11.3%), clothing and footwear (1.9% vs 0.8%), furnishings & household equipment (8.6% vs 9.8%), and recreation & culture (4.3% vs 3.2%).
The annual core inflation, which excludes energy, food, alcohol, and tobacco climbed to a record peak of 4.9% in July from 3.7% in June. On a monthly basis, consumer prices increased by 2.1 percent in July, the most since April 1976, after being flat in June. source: Statistics Netherlands
Mtl JP 02:03 GMT August 4, 2022
mkt
odds r eur puppy ranges for a while after it crapped from 1.029ish something fierce and 1.01 , essentially, held Sup
FW CS 01:43 GMT August 4, 2022
mkt
Euro if it sees par again will not hold. Cb probably realize this too and are trying to stabilize eurusd
Mtl JP 01:33 GMT August 4, 2022
mkt
EURO 1.0172-ish
rallying some
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Res 1.02-1.025-ish
dc CB 00:41 GMT August 4, 2022
mkt
Sep Nymex natural gas (NGU22) on Wednesday closed sharply higher by +0.560 (+7.27%). Nat-gas prices Wednesday recovered from a 1-1/2 week low and rallied sharply after a midday update to the Global Forecast System weather model showed hotter Midcontinent temperatures from August 8-12, which will boost nat-gas demand from electricity providers to supply power for increased air conditioning usage.
https://www.barchart.com/story/news/9477539/nat-gas-soars-on-the-outlook-for-hot-us-temps
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