Overseas Headlines – February 10, 2022

“U.S. consumer prices surged in January by more than expected, sending the annual inflation rate to a fresh four-decade high and adding more urgency to the Federal Reserve’s plans to start raising interest rates.”

https://www.bloomberg.com/news/articles/2022-02-10/u-s-inflation-charges-higher-with-larger-than-forecast-gain?srnd=premium

 

Europe:

A £3 Billion Loss at the Bank of England Will Soon Be Rishi Sunak’s Problem

“The Bank of England’s quantitative easing program is on course to book a 3 billion-pound ($4.1 billion) loss in the coming weeks as the central bank’s massive bond holdings start their journey from government cash cow to a drain on the public finances.”

https://www.bloomberg.com/news/articles/2022-02-10/the-boe-s-4-billion-loss-that-puts-qe-on-road-to-fiscal-burden?srnd=premium-europe&sref=FmvzgEwg

 

Asia:

Bank of Japan (BOJ) Acts to Put Lid on Bond Yields and Affirm Dovish Stance

“The Bank of Japan finally acted to keep a lid on bond yields and reaffirm its commitment to its stimulus framework after a tense week of upward market pressure. With most bond traders in Tokyo already well on their way home to start a long weekend, the central bank offered to buy an unlimited amount of bonds at a fixed rate, pushing back against weeks of trader speculation about policy normalization. ”

https://www.bloomberg.com/news/articles/2022-02-10/boj-seeks-to-rein-in-yields-with-unlimited-fixed-rate-purchases?srnd=premium-asia&sref=FmvzgEwg

Disclaimer:

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