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10-Q: Quarterly report
Citi expects rebuilding car inventories in 2022 to drive a sharp increase in palladium demand
Citigroup expects strong growth in demand for platinum and palladium in the automotive industry in 2022 and 2023. Analysts such as Max Layton and Oliver Nugent said in a report that, firstly, automakers need to replenish semiconductor chip inventories. The bank's basic forecast is that the 2022-2023 automobile inventory replenishment will bring total demand for 840,000 ounces of palladium, 215,000 ounces of platinum, 1.5 million tons of aluminum, 240,000 tons of copper, and 74,000 tons of lead. US car inventories are currently at their lowest level since data became available more than 50 years ago
The Federal Reserve of New Zealand will end quantitative easing this month or a prelude to raising interest rates later this year.
The Fed of New Zealand said it would reduce monetary stimulus this month by halting bond purchases by quantitative easing, which could be a prelude to raising interest rates later this year. The monetary policy committee of the central bank of new Zealand kept the official cash rate at 0.25% on Wednesday, but said it would stop bond purchases under its large-scale asset purchase program by July 23. The Fed of New Zealand said the committee was aware that without sustained monetary support, medium-term inflation and employment were likely to remain below its mandate targets. However, the Committee agreed that the level of monetary stimulus could now be reduced to minimize the risk of failing to meet its responsibilities. There are signs.
Apple seeks to increase production of new IPhone by up to 20% in 2021
Apple has asked suppliers to produce as many as 90 million new-generation iPhone units this year, up from shipments in 2020, according to people familiar with the matter. In recent years, the tech giant has maintained a steady level of about 75 million units from the launch of one device to the end of the year. The upward revision of the 2021 forecast indicates that the company expects the first iPhone release since promoting COVID-19 vaccination to release additional demand. The next iPhone will be Apple's second 5G phone, which is a key incentive for users to upgrade. Spoke on the condition of anonymity because the plan was not made public.
News On Goal Acquisitions Corp. (PUCKU) Now Under PUCK
*DJ News On Goal Acquisitions Corp. (PUCKU) Now Under PUCK (END) Dow Jones Newswires March 24, 2021 17:09 ET (21:09 GMT) Copyright (c) 2021 Dow Jones & Company, Inc.
Us 5-year Treasury yield soars risk assets alarm sounded
Us Treasury yields have once again broken through closely watched levels, sounding the alarm for risky assets that benefited from unusually loose financial conditions during the COVID-19 epidemic. The US 10-year real yield, excluding inflation, rose 10 basis points to-0.69 per cent on Thursday, breaking the previous high of 0.75 per cent set a few days after the November presidential election. The indicator is seen as a reference for purely reflecting the economic outlook. Nominal yields also soared, with the yield on 10-year Treasuries reaching an one-year high of 1.49%. The 30-year yield passed a similar milestone, quickly rising above 2.30%. 5-year country
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