Terrific Tuesday

Thaddeus Cummins
Nov 2, 2021
1 min read

This is the Economic GPS Takeaway

I'm Thaddeus Cummins.

Today is November 2 Tuesday NY, NY, USA

The Yen index is on a downward trend.

Supply chain bottlenecks are a bigger obstacle to consumer spending than fears over the surging pandemic.

source: https://www.forbes.com/sites/christianweller/2021/11/01/the-global-pandemics-reach-slows-economic-growth/?sh=d8b3fc7af8a8

#Climate News

The US Defense Department’s climate strategy lays out four lines of effort: integrating climate-informed decision-making into all processes; training and equipping a climate-ready force; ensuring infrastructure contributes to successful readiness in changing conditions; and considering climate change as part of supply chain management.

Source: https://www.defensenews.com/smr/energy-and-environment/2021/10/12/with-only-weeks-remaining-us-army-preps-for-release-of-climate-strategy/

#Trade News

One hundred and thirty-six countries and jurisdictions signed on to an agreement to have global corporations pay a minimum tax rate of 15%.

source:

https://www.msn.com/en-xl/news/other/why-kenya-and-nigeria-haven-e2-80-99t-agreed-to-a-historic-global-corporate-tax-deal/ar-AAQdSmg

#Economic Calendar News

Royal Bank of Australia keep rates at 0.1%.

Source:

https://www.marketwatch.com/story/rba-to-abandon-yield-caps-as-it-signals-earlier-rate-rises-271635824834?mod=hp_minor_pos25

#Technical USD/JPY

USD/JPY has been on a downward trend.

This is Thaddeus Cummins looking forward to your continued success. Good day!