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Tokyo inflation data for June – Tokyo area headline CPI 0.0% y/y

June 25, 2021 at 12:30AM

Tokyo inflation data for June – Tokyo area headline CPI 0.0% y/y
Tokyo area CPI, all three measures reported t no change y/y … i.e. 0.0% y/y
– national-level CPI for the month follows in three weeks
– is used as an indicator for what to expect of national CPI (a rough guide)

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Data on UK car production: More than halved since the same month in 2019

June 25, 2021 at 12:07AM

Data on UK car production: More than halved since the same month in 2019
Data from the Society of Motor Manufacturers and Traders (SMMT) via Reuters report:
– automotive production more than halved in May compared with the same month in 2019 (comparing with 2020 will show skews due to the lockdown impact of that year)
Global shortage of semi-conductors and other components cited

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UK data – GfK Consumer sentiment for June: -9 (vs. expected -7, prior -9)

June 25, 2021 at 12:01AM

UK data – GfK Consumer sentiment for June: -9 (vs. expected -7, prior -9)
Consumer confidence missed its central estimate but has remained at a 14 month high nonetheless.
GfK says:

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New Zealand trade balance for May: NZD 469m ( prior NZD +388m)

June 24, 2021 at 11:46PM

New Zealand trade balance for May: NZD 469m ( prior NZD +388m)
NZ data … NZD barely moved. 
exports NZD 5.87bn imports NZD 5.4bn 

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Germany’s Altmaier said expects US, EU can agree on steel, aluminum tariffs before the end of the year

June 24, 2021 at 11:34PM

Germany’s Altmaier said expects US, EU can agree on steel, aluminum tariffs before the end of the year
Germany’s Minister for Economic Affairs and Energy Altmaier 
Remarks were out earlier, doing a bit of a catch-up 

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US senator McConnell says he has swung to pessimism on infrastructure

June 24, 2021 at 11:14PM

US senator McConnell says he has swung to pessimism on infrastructure
US senator McConnell is now sad Mitch. Says he has gone from optimism to pessimism on infrastructure after Biden’s remarks.
Mitch being interviewed on Fox 

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Singapore / Australia travel bubble talks have stopped

June 24, 2021 at 11:00PM

Singapore / Australia travel bubble talks have stopped
Via local Australian media (overnight report in the Sydney Morning Herald)
if you are interested (may be gated)  
Here is the link

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NZ data – employment survey higher in June than March, up 4.4 points to 103.9

June 24, 2021 at 10:53PM

NZ data – employment survey higher in June than March, up 4.4 points to 103.9
Westpac survey, the quarterly Employment Confidence Index 
 
Westpac remarks:

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South Korea data – business outlooks improving still

June 24, 2021 at 10:14PM

South Korea data – business outlooks improving still
South Korea is often viewed as the ‘cnary in the coal mine’ for the global economy.
Data there has been surging. More now:
July 2021 manufacturing business outlook index (as) 101 (vs. 98 for June)

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US Senate’s McConnell says infrastructure framework an ‘encouraging sign of progress’

June 24, 2021 at 10:06PM

US Senate’s McConnell says infrastructure framework an ‘encouraging sign of progress’
The ‘framework’ has, by some, been reported as a deal. It is not. LOL. 
Adds that 
Farce continues. 

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