Japanese industrial output has fallen for two months in a row, stagnating for the first time since the epidemic.
Data released by the Japanese government on Thursday showed that industrial output fell 3.2% in August from the previous month, the second consecutive month of decline, and the decline far exceeded market expectations, mainly due to a decline in production of cars and electronic machinery. Japanese industrial output fell for the second month in a row in August as the COVID-19 epidemic in other parts of Asia disrupted the supply chain of carmakers already facing the adverse effects of chronic chip shortages. Major Japanese automakers such as Toyota, Nissan and Honda have been cutting production since the end of August because of parts shortages, with the impact likely to last until October. For the first time since April 2020, the Japanese government has downgraded the
Allianz Chief Economist: the Federal Reserve is responsible for the bond market turmoil and should scale back bond purchases as soon as possible.
Mohamed El Erian, chief economist of Allianz, said on Wednesday that the Fed was responsible for the turmoil in the bond market and needed to scale back its asset purchases as soon as possible. He warned that the increasingly volatile Treasury market could spread to other financial sectors, threatening the real economy. "the more volatile interest rates are, the greater the risk of a sudden rise in the yield gap," Erian wrote in an article. The greater the gap, the greater the threat to market operation and financial stability, and the greater the risk of stagflation. Stagflation is a combination of rising inflation and slow economic growth. " he
参议院周六召开会议讨论巴雷特的提名 周一将确认结果
美股盘前:全球市场波动剧烈 道指期货跌0.2%