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2021-06-16
no wonder
U.K. Inflation Surges to 2.1% Unexpectedly Passing BOE Goal
traderjin
2021-06-15
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Economists had expected an increase of 1.8%. Core inflation jumped to 2%, most since August 2018.The pickup reflected higher prices for fuel, restaurant meals, clothing and recreational goods as the economy took a further step out of lockdown. The central bank expects inflation to breach its 2% target temporarially this year. However, economists are increasingly concerned higher prices could prove more persistent given the rapid pace of recovery from the coronavirus recession.</p>\n<p>“Inflation has risen sharply in recent months and will rise further as the impact of higher commodities prices feed through the supply chain,” said Jack Leslie, senior economist at the Resolution Foundation. “But U.K. inflationary pressures are different -- and nowhere as near as large -- as those causing fierce debate in the U.S.”</p>\n<p>The pound was little changed against the dollar and the euro after the report.</p>\n<p>Separate figures showed that pipeline price pressures continued to build in May. Producer input prices reflecting the cost to industry for fuel and raw materials rose by 10.7% over the past year, their biggest increase in a decade. That’s pushing up the price of goods leaving factory gates at the fastest pace since 2012.</p>\n<p>The ONS said the cost of transport equipment along with metals and non-metallic minerals provided the largest upward contributions to producer price inflation.</p>\n<p>“There is a greater level of uncertainty about prices at present, with a possibility that inflation will turn out to be higher if staff shortages persist, triggering stronger wage rises, while cost increases continue to be passed on to consumers,” Yael Selfin, Chief Economist at KPMG UK.</p>\n<p>BOE Chief Economist Andy Haldane, who departs his post at the end of this month, said last week that pay and costs are already rising and high street inflation “can’t be far behind.”</p>\n<p>His colleague Gertjan Vlieghe says policy makers could raise the benchmark rate as early as next year if the labor market recovers smoothly when government job subsidies come to an end in September.</p>\n<p>Market-based inflation expectations remain close to their highest since 2008. The so-called 10-year breakeven rate -- a gauge derived from the difference between conventional gilt yields and those linked to retail-price inflation -- has risen more than 50 basis points this year.</p>\n<p>Many economies have seen prices accelerate over recent months, though policy makers continue to play down the risk of a sustained inflation outbreak. In the U.S., headline consumer inflation jumped to 5% in May, the highest in more than a decade. Euro-area inflation is running at 2%, just above the European Central Bank goal.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.K. Inflation Surges to 2.1% Unexpectedly Passing BOE Goal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.K. Inflation Surges to 2.1% Unexpectedly Passing BOE Goal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 14:48 GMT+8 <a href=https://finance.yahoo.com/news/u-k-inflation-unexpectedly-surges-060519932.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.K. inflation surged unexpectedly past the Bank of England’s target for the first time in almost two years, an increase that will add to speculation about when monetary policy could be tightened....</p>\n\n<a href=\"https://finance.yahoo.com/news/u-k-inflation-unexpectedly-surges-060519932.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/u-k-inflation-unexpectedly-surges-060519932.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138070155","content_text":"U.K. inflation surged unexpectedly past the Bank of England’s target for the first time in almost two years, an increase that will add to speculation about when monetary policy could be tightened.Consumer prices rose 2.1% from a year earlier, the highest since July 2019, the Office for National Statistics said Wednesday. Economists had expected an increase of 1.8%. Core inflation jumped to 2%, most since August 2018.The pickup reflected higher prices for fuel, restaurant meals, clothing and recreational goods as the economy took a further step out of lockdown. The central bank expects inflation to breach its 2% target temporarially this year. However, economists are increasingly concerned higher prices could prove more persistent given the rapid pace of recovery from the coronavirus recession.\n“Inflation has risen sharply in recent months and will rise further as the impact of higher commodities prices feed through the supply chain,” said Jack Leslie, senior economist at the Resolution Foundation. “But U.K. inflationary pressures are different -- and nowhere as near as large -- as those causing fierce debate in the U.S.”\nThe pound was little changed against the dollar and the euro after the report.\nSeparate figures showed that pipeline price pressures continued to build in May. Producer input prices reflecting the cost to industry for fuel and raw materials rose by 10.7% over the past year, their biggest increase in a decade. That’s pushing up the price of goods leaving factory gates at the fastest pace since 2012.\nThe ONS said the cost of transport equipment along with metals and non-metallic minerals provided the largest upward contributions to producer price inflation.\n“There is a greater level of uncertainty about prices at present, with a possibility that inflation will turn out to be higher if staff shortages persist, triggering stronger wage rises, while cost increases continue to be passed on to consumers,” Yael Selfin, Chief Economist at KPMG UK.\nBOE Chief Economist Andy Haldane, who departs his post at the end of this month, said last week that pay and costs are already rising and high street inflation “can’t be far behind.”\nHis colleague Gertjan Vlieghe says policy makers could raise the benchmark rate as early as next year if the labor market recovers smoothly when government job subsidies come to an end in September.\nMarket-based inflation expectations remain close to their highest since 2008. The so-called 10-year breakeven rate -- a gauge derived from the difference between conventional gilt yields and those linked to retail-price inflation -- has risen more than 50 basis points this year.\nMany economies have seen prices accelerate over recent months, though policy makers continue to play down the risk of a sustained inflation outbreak. In the U.S., headline consumer inflation jumped to 5% in May, the highest in more than a decade. Euro-area inflation is running at 2%, just above the European Central Bank goal.","news_type":1},"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184246061,"gmtCreate":1623717079153,"gmtModify":1704209314293,"author":{"id":"3584965988588503","authorId":"3584965988588503","name":"traderjin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"oh","listText":"oh","text":"oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184246061","repostId":"1135770375","repostType":4,"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":169848701,"gmtCreate":1623830158703,"gmtModify":1703820733638,"author":{"id":"3584965988588503","authorId":"3584965988588503","name":"traderjin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"no wonder","listText":"no wonder","text":"no wonder","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/169848701","repostId":"1138070155","repostType":4,"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184246061,"gmtCreate":1623717079153,"gmtModify":1704209314293,"author":{"id":"3584965988588503","authorId":"3584965988588503","name":"traderjin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"oh","listText":"oh","text":"oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184246061","repostId":"1135770375","repostType":4,"repost":{"id":"1135770375","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623678372,"share":"https://www.laohu8.com/m/news/1135770375?lang=&edition=full","pubTime":"2021-06-14 21:46","market":"us","language":"en","title":"Lordstown shares tumbled nearly 20% in moring trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1135770375","media":"Tiger Newspress","summary":"Lordstown shares tumbled nearly 20% in moring trading.\n\nElectric-vehicle maker Lordstown Motors Corp","content":"<p>Lordstown shares tumbled nearly 20% in moring trading.</p>\n<p><img src=\"https://static.tigerbbs.com/71ab214ec35da9043a3ec41746785e3f\" tg-width=\"800\" tg-height=\"625\" referrerpolicy=\"no-referrer\"></p>\n<p>Electric-vehicle maker <a href=\"https://laohu8.com/S/RIDE\">Lordstown Motors Corp.</a> announced the abrupt departure of its two top executives as it attempts to transition from research and development into commercial production of its first model.</p>\n<p>The startup said in a statement Monday that Chief Executive Officer Steve Burns and Chief Financial Officer Julio Rodriguez have resigned from the company, effective immediately.</p>\n<p>It is the latest setback for the company, which warned last week it might not have enough cash to fund development of its first truck or even survive the next 12 months if it can’t raise more capital. In March, the startup disclosed a Securities and Exchange Commission probe of its operations after a short seller said its technology was flawed and that pre-orders for its truck were nonbinding.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lordstown shares tumbled nearly 20% in moring trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLordstown shares tumbled nearly 20% in moring trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-14 21:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Lordstown shares tumbled nearly 20% in moring trading.</p>\n<p><img src=\"https://static.tigerbbs.com/71ab214ec35da9043a3ec41746785e3f\" tg-width=\"800\" tg-height=\"625\" referrerpolicy=\"no-referrer\"></p>\n<p>Electric-vehicle maker <a href=\"https://laohu8.com/S/RIDE\">Lordstown Motors Corp.</a> announced the abrupt departure of its two top executives as it attempts to transition from research and development into commercial production of its first model.</p>\n<p>The startup said in a statement Monday that Chief Executive Officer Steve Burns and Chief Financial Officer Julio Rodriguez have resigned from the company, effective immediately.</p>\n<p>It is the latest setback for the company, which warned last week it might not have enough cash to fund development of its first truck or even survive the next 12 months if it can’t raise more capital. In March, the startup disclosed a Securities and Exchange Commission probe of its operations after a short seller said its technology was flawed and that pre-orders for its truck were nonbinding.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135770375","content_text":"Lordstown shares tumbled nearly 20% in moring trading.\n\nElectric-vehicle maker Lordstown Motors Corp. announced the abrupt departure of its two top executives as it attempts to transition from research and development into commercial production of its first model.\nThe startup said in a statement Monday that Chief Executive Officer Steve Burns and Chief Financial Officer Julio Rodriguez have resigned from the company, effective immediately.\nIt is the latest setback for the company, which warned last week it might not have enough cash to fund development of its first truck or even survive the next 12 months if it can’t raise more capital. In March, the startup disclosed a Securities and Exchange Commission probe of its operations after a short seller said its technology was flawed and that pre-orders for its truck were nonbinding.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
