EnergyScan

Economic rebound threatened by the Indian variant and inflation

The rebound in new Covid cases in some Asian countries and in the UK is a threat for the current economic recovery. In the US, this is more the slippage in inflation that could derail the recovery in the short-term. Consumers are starting to show clear signs of worry and the Fed is probably less comfortable than it wants to say. Chinese economic figures came out below expectations in April but yoy basis effects are huge. Bond yields have eased a bit and the USD is edging up after having lost some ground on Friday: the EUR/USD exchange rate is trading around 1.2130.

retail sales and industrial output in China
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-economy
October 22, 2021

Evergrande avoids default

The trend was rather optimistic in Asia after Evergrande, the Chinese property developer paid the interest due on a USD bond. There were 3 days left…
ES-oil
June 11, 2021

Saudi stealth

ICE Brent price climbed back to 72.5 $/b at the prompt, as US monthly inflation recorded at 5% for May, likely boosted demand for long-dated…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!

[booked-calendar]