Overseas Headlines – July 8, 2022

July 8, 2022


United States:

US Stocks Decline as Jobs Fuel Rate-Hike Bets

US stocks dropped after the jobs report showed that employment growth cooled slightly but remained strong, clearing the path for the Federal Reserve to remain aggressive in its fight against inflation.



UK Households Face ‘Catastrophic’ Winter as Energy Costs Climb

British households are bracing for yet another jump in bills this winter as eye-watering energy costs push up a nationwide ceiling for prices.



India’s Forex Reserves Fall to More Than 14-Month Low

India’s foreign exchange reserves fell to their lowest level in over 14 months as the central bank sold dollars to prop up the currency.

The reserves fell $5.01 billion to $588.3 billion as of July 1, data by the Reserve Bank of India released Friday showed. The decline in the reserve kitty comes amid the rupee hitting record lows.




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 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.