Hints and tips:
...US CPI: Headline inflation is expected to have risen 0.3 per cent in March and 3.4 per cent on an annual basis, according to economists polled by LSEG....
...China: December trade balance figures France: December CPI and harmonised index of consumer prices (HICP) inflation rate figures India: December CPI inflation rate figures Japan: November trade balance...
...Core CPI, which strips out volatile food and energy costs, is also projected to have climbed 0.3 per cent, bringing the yearly rate down to 4.1 per cent from 4.3 per cent....
...inflation rate data Results: Delta Air Lines Q3, Domino’s Pizza Q3, easyJet FY trading update, Fast Retailing FY, Hays Q1 trading update, N Brown H1, Südzucker Q2, Walgreens Boots Alliance Q4, Wise Q2...
...China: June consumer price index (CPI) and producer price index (PPI) inflation figures Japan: May trade balance data Results: Knights FY, TSMC June sales update Tuesday Germany: final June CPI and harmonised...
...Delta Air Lines Q1, Infosys FY, Tesco FY Friday ECB, Long-term interest rates statistics for March UK, Office for National Statistics releases productivity data US, Treasury secretary Janet Yellen press...
...figures India, December CPI inflation rate data Japan, November trade balance data (AM local time) US, December CPI inflation rate data Results: Asos trading update, Fast Retailing Q1, Halfords Q3 trading...
...The annual increase in the CPI is forecast to slow to 8.1 per cent from 8.3 per cent in August....
...The core CPI, which excludes food and energy prices, is projected to have remained flat at 0.6 per cent in June....
...Earnings BlackRock and Delta Air Lines will headline US earnings to be reported before the opening bell....
...American Airlines, the largest in the US, revised up its revenue outlook for the first quarter, while Delta told the FT it had “never sold more tickets” than in the past five weeks....
...They were one of the largest contributors to the 8.3 per cent rise in the CPI last month....
...Asset manager BlackRock and Delta Air Lines also report first-quarter results....
...In the US, investor expectations that the Federal Reserve could opt for a supersized rate rise after a jump in CPI to 9.1 per cent and comments from a senior Fed official, have dissipated somewhat....
...“Once-hopeful consumers have faced the one-two punch of Delta- and Omicron-driven Covid-19 case surges.”...
...Last month’s CPI data showed that consumer prices had risen at the fastest pace in three decades....
...So-called core CPI, which strips out food and petrol, is expected to be up 4 per cent from a year ago....
...A Bank of America survey released yesterday on prospects for world economic growth showed fears of inflation were an even greater source of pessimism than the spread of the Delta variant of coronavirus....
...I remember Delta spread through Vietnam and Asia, and it caused a lot of supply constraints with things like Nike shoes....
...The CPI report did show that some inflationary pressures are building in other sectors, including housing....
...a number of travel-linked companies whose shares rebounded as evidence suggested that the Omicron coronavirus variant is proving to be more transmissable though less deadly than the previously-dominant Delta...
...The result would have been worse were it not for a second consecutive big drop in airfares, which, as Pantheon Macroeconomics points out, is a pattern that will probably persist only as long as the Delta...
...All that fretting about the Delta variant on Monday? In the past....
...In Asia, markets were mixed as the Delta coronavirus variant spreads rapidly across the region....
...[MUSIC PLAYING] Oil prices are sliding on fears about the spreading Delta coronavirus variant....
International Edition