UK delays economic reopening by four weeks until 19 July

Rent 4 | The session started with gains in European stocks (Eurostox Futures + 0.4%), after marking tomorrow S&P hits new all-time high, waiting for him fed Tomorrow and with a comfortable IRR (10 years 1.48%). The Central Bank of Australia states that It is premature to start withdrawing your qi.

Boris Johnson chose yesterday UK economy delayed All social distancing restrictions were to be lifted in 4 weeks from the starting date of 21 June till 19 July. The decision, which will be voted on in Parliament tomorrow, responds to the rapid expansion of Variant India (Delta, 90% new cases and 64% more communicable than the British-alpha version), which the British government believes could lead to similar hospitalizations as the first wave (spring 2020, more than 3,000 daily). The situation will be reviewed again on June 28.

Today will be marked Many macro data in the US which will show us the tone of personal consumption (Retail Sales) and Industrial Production In May, though would be more relevant New York Manufacturing Survey June, which should strengthen after strong gains from lows, has pushed this leading indicator well above its pre-Covid levels. an episode of clear recovery of the US economy, but with the most advanced indicators of the cycle, is losing some steam.

In the context of inflation, two relevant references: May Manufacturer Prices in the US, which may have slowed its progress in recent months, and Germany’s CPI In the same month, that would confirm a rebound in the normal rate to an initial +2.5% yoy. background, the notion that we areOnce again a transitional period of inflation.