Overseas Headlines – April 11, 2022

United States:

U.S. Inflation May Peak in March, But It’s a Slow Go to Fed’s 2%

“March may prove to be the high-water mark for U.S. inflation, but price pressures will likely remain both elevated and persistent against a backdrop of firmer services demand and geopolitical risks.”



U.K. Economy Slows as Supply Chain Delays Hold Up Car Makers

“The U.K. economy slowed more sharply than expected in February after storms hit construction work and supply chain delays held up output from carmakers. The 0.1% expansion followed a robust 0.8% gain in January, Office for National Statistics figures showed on Monday. Growth of 0.2% was forecast by economists.”



China’s Covid Lockdowns, Surging Oil Add to Inflation Risks

“China’s factory gate prices rose more than expected in March as oil prices climbed, while disruptions from Covid lockdowns drove up food costs, threatening the inflation outlook in the world’s second-largest economy.”




Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.