- Treasury yields fell on Tuesday as investors speculated about a change in Fed leadership, but stocks held firm ahead of inflation data.
- Treasuries surged following news that Fed Governor Lael Brainard, who is viewed as more dovish by some, had been interviewed for the central bank's top job. Equity futures in the United States were stable after the Federal Reserve warned in a report that asset prices may fall if sentiment soured. European and Asian stocks have also shifted.
- Global shares remain around all-time highs as investors weigh robust earnings, easing travel restrictions, and more infrastructure expenditure in the United States against the possibility of sustained inflation, which might lead to tighter monetary policy.
- The UK CPI is expected to peak at roughly 5% in the second quarter of 2022, according to NIESR.
- The yield on 30-Year government inflation-protected securities fell to a new low ahead of a report on US producer prices due out today. Tomorrow, consumer price statistics will be released.
- UK's NIESR: We forecast the BoE will hike rates to 0.5% by the second quarter of 2022, then pause until inflation has reached its peak.
- The Federal Reserve cautioned on Monday that if China's commercial real-estate sector deteriorates severely, it could extend to the United States.
- Tesla is expected to open a new facility in China - DigiTimes. $TSLA
- ECB's Panetta: The digital euro is likely to gain legal tender status.
- Aramco predicts that oil demand will exceed 100 million barrels per day early next year.
- China Evergrande scrapes together more cash from tech company stake sale - WSJ.
