WHO chief scientist Soumya Swaminathan is on the wires speaking on omicron variant
Archives of “December 20, 2021” day
rssThe captain is going down with his ship.
Euro-Area GDP – The EuroCOIN Indicator is deteriorating rapidly
- As Europe grapples with another wave of lockdowns related to the pandemic the market will become more focused on the subsequent impact on the bloc’s economy. On December 31st, we get the first indication of the impact with the release of the EuroCOIN
As Europe grapples with another wave of lockdowns related to the pandemic the market will become more focused on the subsequent impact on the bloc’s economy. On December 31st, we get the first indication of the impact with the release of the EuroCOIN https://eurocoin.cepr.org/ , a coincident indicator of the euro area business cycle available in real time. The indicator provides an estimate of the monthly growth of Euro area GDP – after the removal of measurement error and seasonal factors.
140,942 Covid cases announced for London in the week to Dec 19
~There were 140,942 confirmed Covid cases announced for London in the week to December 19, more than three times as many as the 42,455 in the first week of this month, as Omicron has surged through the city. The real number of infections is estimated to be significantly higher.
~A total of 21,594 new infections were announced on Sunday, down on the previous three days, which may raise hopes that Londoners being more cautious are stopping the rise, though figures at weekend are sometimes lower.
~The seven-day infection rate for Londoners aged 25 to 29 has soared by 501 per cent in the week to December 14 to 2,302 confirmed cases per 100,000 in this age group, compared to 383 in the week to December 1.
The seven-day rate jumped 455 per cent for Londoners aged 20-24 in this period to 1,846.
~For those aged 30 to 34, it has spiralled 321 per cent to 1,760.
~For London as a whole, the seven-day rate was 1,065 per 100,000 in the week to December 14.
~Of more concern, the rate is also now rising among older people in the capital who are more likely to get seriously ill from Covid, though vaccines are believed to significantly reduce the likelihood of this from all variants.
~The seven-day rate among Londoners aged 74-79 has risen 174 per cent, compared to December 1, from a low base of 59.6 confirmed cases per 100,000 in this age group to 163.4.
~For the 70 to 74-year-old age group it has gone up 129 per cent to 184.7, and for the 65 to 69-year-olds by 106 per cent to 255.2.
UK 10YR yields, Gilts, have softened this morning, with 0.71% trading at the time of writting.
US House Speaker Pelosi says she hopes for a deal on Biden’s agenda in 2022
Pelsoi:
- While it is disappointing that we may not have a law by the end of the year, we are hopeful that we will soon reach agreement so that this vital legislation can pass as soon as possible next year.
Copper inventories are nearing depletion With global CAPEX in the mining sector similar to the same trend in O&G, I find this concerning.
$ARKK was up 5.8% Friday when the S&P 500 was down 1.03%. According to Bloomberg:
This chart is transitory too
The Fed does not forecast a terminal rate, but the market’s expectation of when the current hiking cycle will peak is well below the US central bank’s view of 2.5%, and lower still than the revised core inflation estimate of 2.6% next year.
The knives are out for UK PM Johnson – lockdown soiree pics
Photos have emerged (leaked to the media) of Boris Johnson pictured with wine and cheese alongside his wife and up to 17 staff in the Downing Street garden during lockdown. The pic is from 15 May last year.
During lockdown social gatherings were strictly limited to very small numbers, not 19 people. BJ says it was a work meeting.