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Do you know the global shortage of chips? Do you know novel coronavirus’s lasting influence on various countries? Do you want to know the current export volume and unemployment rate of the United States?Kind check CFM’s news today.

1. US exports fell 3% to US$207.6 billion in September, while imports rose 0.6% to US$288.5 billion, with a deficit of US$80.9 billion in September surpassing the record of US$73.2 billion in June, according to the Commerce Department. Data showed that US non-farm payrolls rose by 531000 in October, the biggest increase since July and higher than market expectations. Dow Jones had expected 450000, while the unemployment rate was expected to fall slightly to 4.7%.

2. According to the Japan Broadcasting Association (NHK), Japan is scheduled to hold a special parliament on the 10th of this month to elect the prime minister by name. Fumio Kishida will be elected Japan’s 101st prime minister as a result of the victory of the ruling coalition of the Liberal Democratic Party and the Komeito Party in Japan’s 49th lower house election on October 31.

3. US: in October, non-farm payrolls increased by 531000, with an estimated increase of 450000, with a previous increase of 194000; unemployment rate of 4.6%, the lowest since March last year, is expected to be 4.7%, with a previous value of 4.8%.

4. The U.S. House of Representatives passed the US$1.2 trillion bipartisan infrastructure bill, the Infrastructure Investment and Jobs Act (Infrastructure Investment and Jobs Act), by 228 to 206pm local time, which will then be signed into law by President Joe Biden.

5. ING: the Fed will raise interest rates at least twice next year. The inflationary pressure is widespread in all areas of the American economy, and it is becoming more and more intense. At the same time, the COVID-19 epidemic gradually weakened and economic activity recovered. ING predicts that in the current context, the Fed’s debt contraction will be completed quickly, and there is a growing risk that the Fed will accelerate interest rate increases. The agency had expected the Fed to raise interest rates twice in 2022, each by 25 basis points.

6. Berkshire Hathaway had revenue of US$6.47 billion in the third quarter, up 18% from a year earlier. Third-quarter EPS (earnings per share) was US$6882, and net profit attributable to shareholders was US$10.34 billion, compared with US$30.14 billion in the same period last year. Berkshire Hathaway’s cash reserves reached a record high of US$149.2 billion.

7. The long-term epidemic of COVID-19 is strengthening the downward pressure on office rents in Japan. Building rents in Tokyo in the year to September were lower than a year earlier for the first time in a decade, according to the survey. In addition, Osaka’s rent index also put on the brakes. In addition to cutting costs and reducing the size of enterprises, the change in office demand caused by the popularity of working from home has also brought changes to the structure of the real estate market.

8. The shelves of potato chips in supermarkets and shops in many places in the UK are already empty, and this situation is likely to continue for several weeks. To a large extent, this is due to the recent internal system upgrade of Vox, the largest potato chip maker in the UK, which led to the failure of normal production of some products, resulting in supply disruptions. Truck drivers across the UK are so short of hands that potato chips cannot be delivered in time even if they are produced.

9. On the evening of November 5, local time, the U.S. House of Representatives passed a US$1.2 trillion infrastructure bill by a narrow margin of 228 votes to 206. this will make it possible for the US government to upgrade US roads, bridges, water pipes, ports and other public facilities in the next few years. The passage of the bill seemed to be a shot in the arm, saving Biden’s shaky domestic agenda and giving him some rare confidence. But that’s the only way to do it.

10. Vietnam: from January to September, Vietnamese coffee was mainly exported to the German market, with an export volume of 181014 tons, earning more than US $319 million in foreign exchange and an export price of US$1765.2 per ton, down 1% from the same period last year, but the export volume increased by 13.8%. Coffee exports to Germany account for 15.3% and 14.3% of Vietnam’s national coffee exports and exports. Germany has become the largest export market for Vietnamese coffee.

11. The Financial Monitoring report recently released by the International Monetary Fund (IMF) predicts that in 2026, five years later, the national debt of the South Korean government will reach 66.7% of GDP, up 15.4 percentage points from 51.3% at the end of this year. The increase is the highest among the 35 countries listed by the IMF as developed countries.

12. The two-day ministerial meeting of the Asia-Pacific Economic Cooperation (APEC) was held in New Zealand on the 9th local time. The meeting was conducted by online video to discuss how to accelerate regional economic recovery through innovative trade policies and multilateral cooperation. The ASEAN Secretariat, the Pacific Economic Cooperation Council and the Secretariat of the Pacific Islands Forum will all share policy recommendations as observers. The meeting, co-chaired by New Zealand Foreign Minister Mahuta and Trade and Export growth Minister O’Connor, will review the progress made during the 2021 APEC meeting and reach consensus on key policies, laying the foundation for the next APEC leaders’ meeting.

13. Due to the global chip shortage, the US Commerce Department government previously asked TSMC, Intel, Samsung, SK Hynix and other chip manufacturers to submit relevant “confidential information” before November 8, causing controversy. At present, 23 Taiwanese manufacturers, including TSMC, have replied to the US side to “hand in the papers” and send back the relevant data before the deadline. Apart from TSMC, South Korean companies such as Samsung and SK Hynix have not yet replied to “handing in their papers.” in addition, US Intel and Infineon, a large German company, which have publicly indicated that they will cooperate with the US side, have not yet replied.

14. South Korea: in order to alleviate the urea shortage, a special operation to crack down on automotive urea solution and urea speculation was launched on November 8, and a multi-departmental joint inspection on the illegal circulation of urea was carried out from 0: 00 on the same day. Subject to the inspection date, the reserves of urea solution producers, importers and importers shall not exceed 110% of the average monthly sales last year.

Post time: Nov-09-2021

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