November, 2021

• 4 November

  Shoppers haven’t minded higher prices

  

  Dear shopper, how are you doing? Wall Street is dying to know. Investors and market strategists are poring over a spate of economic data and commentary from corporate earnings calls, trying to determine how people feel about spending money in these strange times. Some investors are worried and some are jubilant, and there are data to support both perspectives. Yet ...

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• 4 November

  The sooner BOE hikes rates, sooner it can stop

  Does it matter if the Bank of England’s (BOE) Monetary Policy Committee (MPC) decides to hike its rate this Thursday? Or if it instead waits for more data on the labor market and raise instead at the December 16 meeting? Not so much. But it really does matter what the MPC does after that. It won’t do anything for the ...

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• 4 November

  To fight climate change, put markets to work

  The battle over climate change is putting an old maxim to the test: Where there’s a will, there’s a way. The COP26 climate summit in Glasgow offers reasons to hope it will be proven correct, particularly on a challenge at the heart of the issue: financing the global transition to clean energy. There is no longer any doubt about the ...

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• 4 November

  American’s cancelled flights portend messy holiday travel

  

  Bloomberg The razor-thin staffing that contributed to thousands of canceled US passenger flights in October doesn’t bode well for smooth holiday travel. American Airlines Group Inc scrapped about 1,900 flights since Saturday, including 302 by November 1, as cancellations continued to ripple from the disruption of flights by high winds at its main hub near Dallas. Just three weeks ago, ...

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• 4 November

  China’s big 3 airlines slump as Covid bashes earnings

  

  Bloomberg China’s three main airlines slid in trade in Shanghai and Hong Kong in the wake of disappointing earnings announcements. China Southern Airlines Co, Air China Ltd and China Eastern Airlines Corp were rooted to the bottom of a Bloomberg gauge of Asia-Pacific airline stocks, their A shares in Shanghai falling more than 3%. China Southern fell as much as ...

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• 4 November

  Relaxing of Japan border controls lifts hopes for tourist stocks

  

  Bloomberg While Japan’s not yet ready to welcome foreign tourists back, prospects are finally looking up for stocks related to the country’s beleaguered travel industry. Airline shares jumped after the Nikkei reported Japan is considering allowing business travellers, exchange students and trainees enter the country from as early as this month — the first relaxation of tight border controls since ...

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• 4 November

  AirAsia X shares sink 21% amid going concern doubt

  

  Bloomberg AirAsia X Bhd’s shares dived by the most in more than a year after the long haul budget airline was officially categorised as a financially distressed firm, which gives the company a year to recast its finances or risk losing its Malaysian listing. The stock tumbled as much as 21.1% to 7.5 sen on Monday, set for the steepest ...

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• 4 November

  VietJet signals move for Airbus A330 jets with Rolls engine deal

  Bloomberg VietJet Aviation JSC indicated that it plans to establish a fleet of Airbus SE A330 jets for flights beyond Asia after signing a service deal for the Rolls-Royce Holdings Plc engines that power the twin-aisle model. The Vietnamese airline will outfit upcoming wide-bodies with Rolls-Royce Trent 700 turbines, it said in a statement. A Rolls spokeswoman said the $400 ...

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• 4 November

  Transatlantic flights to boost oil demand

  Bloomberg The Biden administration’s new vaccine-based travel rules are forecast to boost jet fuel consumption as they bring the US more in line with the European Union, helping revive flights across the Atlantic. The increased transatlantic travel will probably add at least 250,000 barrels a day of crude demand, according to a senior trader at a top oil-trading firm. Bloomberg ...

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• 4 November

  Taliban ban US dollars in Afghan economy amid cash crunch

  

  Bloomberg The Taliban government has banned the use of foreign currencies in Afghanistan in a surprise move that could weigh on an economy struggling with a cash crunch and further isolate the country. The move came as the Taliban were pushing for the release of billions of dollars of reserves overseas, which was frozen by the US and its Western ...

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