New York Session Heads Up September 7 2022

New York Session Heads Up September 7 2022

• Fed’s Barkin Warns Rates Must Stay High Until Inflation Eases
• US Indicates Iran Nuclear Deal Off The Table For Time Being
• Dem Governors In The Big Battlegrounds Are Looking Strong
• BoC Seen Set For Another Jumbo Hike In The Inflation Fight
• Eurozone Economy Grew More Than Estimated In Q2 Revision
• EU Plans €200/MWh Cap On Non-Gas Generated Electricity
• BoE Governor Bailey: Truss Energy Plans Could Slow Inflation
• BoE Rate-Hike Impact On Economy Yet To Hit, Tenreyro Warns
• Yen’s Fall Against Dollar Steepens After Hitting A 24-Year Low
• US Treasury Yields Dip Following Previous Session’s Surge
• Oil Price Rises After Russia’s Putin Threatens To Halt Supply
• US Equity Futures Inch Higher; European Bourses In The Red
• Fed’s Barkin: Has A ‘Bias Towards Moving More Quickly’ To Tighten Policy
• New UK PM Truss Pledges Action On UK’s Soaring Energy Bills This Week
• UK’s Liz Truss To Step Back From Early Confrontation With Brussels
• Chengdu Lockdown Likely To Be Extended As Covid Cases Jump
• Ex-BoJ Policymaker: BoJ To Keep Low Rates Even As Inflation Seen Hitting 3%
• Japan To Expand Fuel And Ammo Storage On Islands Near Taiwan
• Australia Economy Buoyed By Consumer Spending, Exports In Q2
• Dollar Hits Fresh Peak Against Yen On Bets For Aggressive Fed
• China Sets Yuan Fix At Strongest Bias On Record As Losses Mount
• Yen’s Rapid Decline Triggers Strongest Government Warnings Yet
• BoJ Boosts Bond Buying As Yields Advance Toward Policy Limit
• Oil Falls On Renewed Demand Concerns, Rate Hike Expectations
• Google Announces October 6th Event To Launch The Pixel Watch And Pixel 7
• AIG Unit Corebridge Targets Up To $15.5 Billion Valuation In US IPO
• Asian Stocks, Currencies Fall As Strong Data Fans Hawkish Fed Bets

Economic Data

• Eurozone GDP SA (Q/Q) Q2 F: 0.8% (est 0.6%; prev 0.6%)
• German Industrial production SA (M/M) Jul: -0.3% (est -0.6%; prev 0.4%)
• Italian Retail Sales (M/M) Jul: 1.3% (est 0.2%; prev -1.1%)
• UK Halifax House Prices (M/M) Aug: 0.4% (prev -0.1%)
• China Trade Balance (USD) Aug: 79.39B (est 92.7B; prev 101.26B)
• Japan Foreign Reserves (USD) Aug: 1.292T (prev 1.323T)
• Australian GDP SA (Q/Q) Q2: 0.9% (est 0.9%; prev 0.8%)
• Australia AIG Services Index Aug: 53.3 (prev 51.7)
• New Zealand Reserve Assets Total (NZD) Aug: 19.448B (prev 21.161B)

Crypto

• • Ether, Cardano Lead Steep Crypto Slide Amid Dollar Strength – CoinDesk
  • Crypto Market Cap Sinks Below $1 Trillion, Bitcoin Near 2022 Low – BBG
  • Crypto Market Cap Sinks Below $1 Trillion, Bitcoin Near 2022 Low – BBG
  • Crypto Investment Slowdown Will Continue Rest Of 2022, KPMG Predicts – CoinDesk
  • Russia Exploring Stablecoin Settlements With Friendly Nations – CoinDesk