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Date Posted: 11:35:33 12/13/22 Tue
Author: Jasper
Subject: From yesterday. scroll down

.
Econ Briefs
Three important manufacturing reports this morning. Japan, Great Britain, and India all reported substantially lower manufacturing levels in November. Japan’s manufacturing was lower by 3.6%, Britain’s by 4.6%, and India’s by 5.6%.

Analysts are increasingly concerned about a worldwide economic slowdown, leading to a potential recession. This will, no doubt, be topic number one this week as four central banks decide on interest rates.

Interest rates, after all, are the most visible of monetary policies. And all the Central Banks are expected to continue tightening by raising rates. First up this week will be the Federal Reserve, which is expected to raise rates by 50 basis points. That’s lower than analysts expected last week and an indication that the Fed is concerned about an economic slowdown.

On Thursday, we’ll get three more interest rate decisions: by the Bank of England, the Swiss Central Bank, and the European Central Bank. All three expected to follow the Fed’s lead and raise their interest rate by a fraction.

Some significant moves in the pre-markets. Pharmaceutical company Inotiv is trading lower by double digits, while cloud-based software company Coupa Systems is trading higher by double digits. Both are in reaction to earnings.

A little later today, we will get earnings from bus maker Blue Bird, sewing supply company Joann Fabrics, and West Coast-based Oracle Systems.

https://www.independentsentinel.com/this-world-order-wont-be-put-back-together/

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