Good morning
- US equities higher yesterday, Asian markets follow suit
- US appear to have agreed an infrastructure spending deal
- Deal agreed with Senators is $579bio, quite a bit lower thasn original plan
- EU leaders do not agree on summit with Russia
- ECBs Schanbel says must not monetary end support too early
- UKs Frost says should not expect EU equivalence in all areas of finance
- GBP struggled after BoE rate announcement
- Haldane did vote to reduce asset purchases as expected
- GBP lower perhaps as Haldane was sole dissenter
- Haldane now leaves BoE leaving more dovish
- BoE forecasts were raised, Q2 2022 GDP raised to 5.5% from 4.25% in May
- BoE still expect impact of commodity price rises on inflation to be transitory
- Nikkei up 0.66% to 29,066
- Shanghai Comp up 1.12% to 3,606
- USDCNY fixes 6.4744 from 6.4824
- 13.00 BoE quarterly bulletin
- 13.30 US PCE, personal income, spending
- 15.00 US Michigan sentiment survey
- 15.00 Feds Kashkari speaks
- 16.35 Feds Mester speaks
- 18.00 Feds Rosengren speaks
- 20.00 Feds Williams speaks
- 20.30 CFTC position data
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