Overseas Headlines – October 15, 2021

United States:

U.S. Retail Sales Jump as Delta Shifts Spending Back to Goods

“U.S. retail sales unexpectedly increased last month in a broad advance, suggesting resilient demand for merchandise even as production constraints limit supply. The value of overall retail purchases increased 0.7% in September following an upwardly revised 0.9% increase in August, Commerce Department figures showed Friday. Excluding autos, sales increased 0.8% in September.”



Two BOE Officials Push Back on Talk of Imminent U.K. Rate Hike

“Two of the Bank of England’s policy makers signaled they’re in no rush to raise interest rates, the first signs of a push back against market expectations for a move by the end of the year.”



China’s Economy Is Showing Strain From Property to Energy Crises

“China’s economy is being hit from all sides — a property slump, energy crisis, weak consumer sentiment and soaring raw material costs — and government data Monday will show just how bad things are looking. Economists surveyed by Bloomberg predict a slowdown in gross domestic product growth to 5% in the third quarter from 7.9% in the previous three months, and a weakening in monthly industrial production and investment figures in September. Retail sales may show a pickup after a major virus outbreak was contained.”




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.