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Mayberry Investments Limited is a cashless institution.
Please note that cash deposits into any Mayberry account held at commercial banks, whether made in-branch or via Automated Banking Machines (ABMs), are not accepted and will not be processed. For information on accepted payment methods, please contact your Investment Advisor.

Overseas Headlines – July 14, 2022

July 14, 2022

 

United States:

Citi Now Sees a 100 Basis-Point Fed Rate Hike in July as Likely

Citigroup Inc. economists now see a 100 basis-point rate increase as the most likely outcome when the Federal Reserve meets in late July, following data that showed US consumer inflation accelerated to a fresh four-decade high.

https://www.bloomberg.com/news/articles/2022-07-14/citi-now-sees-a-100-basis-point-fed-rate-hike-in-july-as-likely?srnd=markets-vp#xj4y7vzkg

Europe:

ECB Is Judged as Acting Late After Its Long Goodbye to Low Rates

The European Central Bank’s much-heralded interest-rate hike will arrive too late, according to most economists in a Bloomberg survey.

https://www.bloomberg.com/news/articles/2022-07-14/ecb-is-judged-as-acting-late-after-its-long-goodbye-to-low-rates?srnd=markets-vp#xj4y7vzkg

Asia:

India Bonds Will Suffer Most in Asia in a US Recession Scenario

US recession risks are reverberating across the emerging Asian debt complex and nowhere is this more apparent than in Indian sovereign bonds.

https://www.bloomberg.com/news/articles/2022-07-14/india-bonds-will-suffer-most-in-asia-in-a-us-recession-scenario#xj4y7vzkg

 

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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 affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

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