BoC Raises Rates By 100 Basis Points

🇨🇦 🇨🇦 Bank of #Canada #raises #rates by 100 BPS to 2.5%
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Do Not Be Misled By Crude Oil’s Recent Drop

🛢 🛢 #Profits in the #energy sector are now expected to be up 239% over 2021
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35% Chance Now Of A 100 Point Rate Hike In July

🇺🇸 🇺🇸 The implied #odds of 100 bps #rate #hike on July 27 are up to 35% now
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US June CPI Surges Well Above 9%

🇺🇸 🇺🇸 BREAKING: US #June #CPI +9.1% y/y vs 8.6% expected
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Longer Term Inflation Expectations Are Dropping

🇺🇸 🇺🇸 #Longer-term #inflation #expectations have #dropped to the #lowest since March 2021, with 5-year 5-year forward breakeven rates declining to 2%, right in line with the Fed’s goal
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German Food Price Inflation Surges To Record

🇩🇪 🇩🇪 #German #food #prices jumped 12.7% YoY in June, the #highest food price #inflation since the start of the statistic
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Unilever Arrives In The Metaverse

🚨 🚨 #Unilever’s #Lifebuoy Announces The Launch Of #Metaverse Think Tank
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Netflix – Profit From Bad News

🚨 🚨 #Bank Of #America: #Data from app tracker Sensor Tower shows that #Netflix app downloads were off 12% in the June quarter from the March quarter, with daily average users off 2%
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BMW Gets Creative

🇩🇪 🇩🇪 #BMW is now selling #subscriptions for #heated #seats in a number of countries — the latest example of the company’s adoption of microtransactions for high-end car features
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