Daily BriefsMacro

Macro: CX Daily: How SoftBank Wrestled Back Control of Arm China and more

In today’s briefing:

  • CX Daily: How SoftBank Wrestled Back Control of Arm China
  • EA: Inflation Trend Stays for Summer

CX Daily: How SoftBank Wrestled Back Control of Arm China

By Caixin Global

  • In Depth: How SoftBank wrestled back control of Arm China

  • Analysis: China’s ‘zero-Covid’ policy is here to stay despite relaxing of quarantine rules

  • Charts of the Day: China’s trade deficit with Russia balloons


EA: Inflation Trend Stays for Summer

By Phil Rush

  • EA inflation continued its trend with another 0.6pp rise to 8.64% in June-22. The surprise pressures are moving back from the core components to energy and food.
  • Despite the upside headline surprise, Germany undershot our already low forecast, but Spain was beyond even our distant high view. Other countries skew to the upside.
  • We now forecast a more substantial increase in July to 8.9%, extending the trend further into the summer. The ECB has already committed to responding.

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