Worldwide coronavirus cases surpass 256.218 million with over 5.145 million official deaths.
New Zealand has 4163 active cases of coronavirus with 167 new cases today and 2 deaths. Meanwhile, the Australian State of New South Wales reported 262 new cases and 3 deaths yesterday with Victoria reporting 1007 new cases with 12 deaths
NY Fed President Williams sees a broader based lift to inflation, with the Fed supposed to be providing a healthy economy and low stable inflation – he says they are going backwards
US jobless claims 268k vs 260k predicted
Standard & Poor’s says it’s highly likely Evergrande will default on its repayment obligations
Barclays bank expects global growth to expand by 6.0% this year and 4.4% in 2022
Chinese slowing GDP expectations for 2021 are now forecast to be around 7.8% with 4.7% in 2022 mainly based on their ‘zero tolerance” to covid which has hurt activity- any potential fading out of covid will have massive upside for 2022
After being invited to the Beijing Winter Olympics President Biden and his officials have declined the visit