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The Trader: “Where art thou, inflation?”

The consumer price index has drifted lower and the promise of inflation has yet to materialise
The Trader: “Where art thou, inflation?”
  • European bullishness
  • AstraZeneca continues to pay the price of poor PR
  • Suez crisis pushes oil price higher
  • Bitcoin enjoys another Musk boost

Just as Britain’s excess death level falls below the 5-year average for the first time in months, the EU is set to announce fresh rules to allow it to control vaccine exports. Officials are playing down the importance of it, saying it’s nought but a scrap of paper to let governments take action if required, but it smacks of protectionism and is not going to down well in Britain. Meanwhile after questions were raised by the US National Institute of Allergy and Infectious Diseases (NIAID), AstraZeneca said it will reissue vaccine data within 48 hours, saying that the numbers released Monday were based on a "prespecified interim analysis” with a cut-off date in mid-February. The all-seeing Dr Fauci said the press release from AstraZeneca could be misleading. Another blow to confidence, another PR nightmare for Astra, which has been dogged by doubters ever since it released its preliminary results for the vaccine last year. It’s a lesson in how, no matter how good you are, you need to be good at communicating this to people or they just won’t believe it. 

Suez crisis

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