United States:
Fed’s Hawkish Roadmap Sets the Path for Peers in Recovering Asia
“Hawkish comments from Federal Reserve Chair Jerome Powell will pressure economies in Asia to accelerate their own policy tightening, even amid broadly contained inflation and mixed pandemic recovery outlooks. Throughout the region, efforts to prime economic rebounds while balancing currency and price gains will be challenged by volatility from the world’s top central bank tightening credit. Asian markets saw a a broad selloff Thursday, with equities, currencies and bonds sliding.”
Europe:
U.K. Home Rental Costs Surge at Record Rate, Rightmove Says
“U.K. asking prices for rental homes rose at the fastest annual rate on record as a surge in demand from tenants outstripped the supply of properties on the market. The online property portal Rightmove Plc said the average price landlords sought rose 9.9% from a year ago in the fourth quarter and by 2.1% from the previous three months. The growth in rental values outpaced gains in the cost of purchasing a property in all except three regions.”
Asia:
China Says U.S. Failing to Meet Agreements From Biden-Xi Summit
“Chinese Foreign Minister Wang Yi accused the U.S. of flouting agreements reached during a November summit between President Joe Biden and Xi Jinping, in the latest signal that efforts to ease tensions had stalled. Wang protested what he said were U.S. efforts to interfere with the Beijing Olympics next week in a call with Secretary of State Antony Blinken, according to a statement posted on the Foreign Ministry’s website Thursday.”
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