Weekly Inflation Outlook: Time To Be Wrong More Slowly
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| 📚 Daily Digest | Monday, Jul 4, 2022 | | |  | | | | ECB Hits Bonds; Biden Tariff Cut, Shimao Misses Payment - What's Moving Markets | | |  | | © Reuters. | | It's Independence Day in the U.S., and all domestic markets are closed, leaving the field open to Asia and Europe. Bonds are under pressure after a report saying that the ECB intends to end a hidden subsidy for the banking sector, while the leaders of Germany and Italy both hold crisis talks as they struggle to contain the economic fallout of the war with Russia. Russia completed the conquest of the last major city in the region of Luhansk at the weekend, bringing it a step closer realizing one of its most consistent war aims, control of the Donbas region. Elsewhere, base metals fell after Chinese real estate developer Shimao missed a payment on a $1 billion bond, and President Joe Biden may cut tariffs on Chinese imports this week. Here's what you need to know in financial markets on Monday, 4th July. | | | | | | | | | | | | | | | | Don't Miss Out On Tomorrow's Webinar | | | | | | | | | | | | | | |
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