Thursday 06/07/23

In MACRO, OIL & BUSINESS TRENDS NEWS, the US reiterates that rate rises will return, Xi takes credit for Putin, Eurozone producer prices fall, UK interest rates could rocket, services sector momentum slows, UK borrowing costs rise and we battle against the US's IRA while Russian oil revenues fall, Saudi Arabia takes over sports and Moderna does a deal in China. In TECH NEWS, India aims for chip production in 18 months, Threads launches and authors take on AI. In REAL ESTATE AND AUTOMOTIVE NEWS, UK house prices fall more than others, cash buyer activity increases and things look bleak for Canary Wharf while US new vehicle sales rise, China corners nickel, Nikola delivers, Europe refuses to relent on UK EV imports, we look more closely at solid-state and EV repair bills are likely to rise. In INDIVIDUAL COMPANY NEWS, Legal & General sees a jump in premiums and AO World does nicely. AND FINALLY, I bring you a couple of dad jokes...

 


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