Wolf Money(world market review 17-23 Jan 2022)
Chua Tiag Ming Singapore 1931-2003 Chase Circa 1960s-1970s Collection of National Gallery Singapore Market Summary 17-23 Jan 2022 - + US leading economic index Conference Board rose 0.8% in Dec after advancing 0.7% in Nov + Biden administration raises minimum wage for US federal employees to US$15 an hr + Fed should recalibrate the support it provides to US economy + Fed floated the notion of a “digital dollar” to keep up with cryptocurrencies + Wall St banks expects ‘new normal’ for trading revenue after stellar 2 years - US reviewing Alibaba cloud business to determine whether it poses risk to US national security - US 5G internet rollout downscaled as major airlines suspend multiple flights amid safety concerns + US in talks with Qatar over supplying LNG to EU - US suspends 44 China-bound flights from US by 4 Chinese carriers in response to Chia decision to suspend some US carrier flights over Covid-19 concerns - US-China flights between the 2 countries in risk of suspensi