Hints and tips:
...The EU is drawing up plans to increase domestic medicine production after the coronavirus pandemic revealed its reliance on imports....
...The accounting watchdog has announced sanctions against Grant Thornton and one of its audit engagement partners in relation to the 2016 audit of an unnamed company....
...But of course we prefer to work with the ecosystems of Google and Microsoft,” he told the German publication in March. Microsoft declined to comment....
...On Monday, she announced that she would be stepping down as CEO of Grant Thornton, a company she joined 24 years ago....
...He grew up in wartime Germany before his father, a farmer, moved the family to South Africa and became an import-export entrepreneur....
...But the change of wording was enough to send the euro rallying nearly 1 per cent against the dollar, and German bond yields rose to near two-year highs....
...Over in Europe, note that political risk is seeping in both to the French market-- this is the spread of French bonds over German....
...Overnight, a sharp drop in Deutsche Bank shares was the focal point for many investors as Angela Merkel, the German chancellor, ruled out providing state aid for the bank as it faces multibillion-dollar...
...While the outlook for UK exporters is for modest growth, import growth is likely to remain solid, with little evidence that consumers or firms are switching away from imports towards domestic alternatives...
...Keep an eye on Japanese government bonds, which could rally today in what has been an otherwise rough week for them, given US and German bonds also rallied alongside their UK counterparts....
...Yields on US, UK and German government 10-year bonds rose on Tuesday as investors shunned the relative safety of government paper....
...Australia’s S&P/ASX 200 rose 0.9 per cent in spite of a number of stocks in the food sector being hit hard by reports of a China crackdown on overseas imports of food and consumer goods....
...German and UK government 10-year bonds rallied overnight, although their US counterparts staged a late sell-off, having also strengthened after news of the Brussels attacks....
...Diageo Half Year08:00 Anglo American08:00 KAZ Minerals08:00 3i Q308:00 Euromoney trading08:00 FirstGroup Q308:00 SSP Q1]08:00 SSE Q308:00 Daily Mail & General Trust Economy (all times CET): 08:00 Germany import...
...“The latest plunge in oil prices has yet to be reflected in the cost of imports....
...Phil Thornton, director, Clarity Economics Growth is likely to fall to perhaps half the pace in 2016....
...The 10-year German Bund yield edged back 1bp on Friday to 0.55 per cent and was down 7bp over the five days....
...It is also the cheapest, with cars from the “big three” German premium brands selling at prices 20 per cent below continental European markets, according to JATO Dynamics....
...Finally, net trade is likely to be a drag on growth, as the external environment remains soft, but imports rise on the back of stronger domestic demand....
...Imports advanced 16.8 percent, while the trade surplus of $18.2 billion was higher than projected.”...
...Société Générale’s Wei Yao, however, explains that the “ordinary” imports (ie those for domestic consumption) were by far the worst-performing segment within the decreased import figure....
...Imports fell 2.6%, leaving the country with a trade surplus of $26.7bn....
...As one of China’s biggest agricultural imports, the crop is also closely linked to inflation rates there....
...Oswald Grübel’s departure from UBS brings to an end five decades in banking in which an orphaned east German refugee became head not just one, but two, of the world’s leading banks....
...Philip Thornton, Clarity Economics: Probably not but the debate should keep many people (including journalists) busy for several months....
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