Overseas Headlines – November 17, 2021

United States:

Powell’s Five Inflation Benchmarks Are Starting to Flash Amber

“Federal Reserve Chairman Jerome Powell’s inflation dashboard is starting to show some signs of overheating. From spreading price increases to rising wages, it’s signaling more caution on the inflation front than when Powell unveiled the benchmarks less than three months ago. In a speech to the Fed’s annual Jackson Hole conference, held virtually in late August, Powell sketched out five ways of assessing the outlook for inflation and argued that each of them suggested there was no cause for alarm.”



Inflation at 5% a Reality for Almost a Third of U.K. Spending

“Inflation for almost a third of the things U.K. consumers usually buy is running at 5% or more a year, delivering another alarm about rising prices to the Bank of England. From olive oil to cigars and cinema tickets, almost 30% of the shopping basket of goods and services used to calculate the cost of living was growing by more than 5% in October, according to analysis by Bloomberg. In September, just a fifth items were rising at that pace.”



Japan’s Export Growth Slows Further as Supply Snags Weigh

“Japan’s exports gained at the slowest pace in eight months in October as car shipments continued to slump, adding to signs that global supply constraints are still weighing on the economy after it contracted by more than expected last quarter. The value of Japan’s overseas shipments increased 9.4% from a year earlier, according to the Ministry of Finance on Wednesday. Economists had expected a gain of 10.3%.”



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.