net_left adver left

NY Fed says China's COVID woes are pressuring supply chains

Saturday, January 7, 2023
NY Fed says China's COVID woes are pressuring supply chains © Reuters. FILE PHOTO: The Federal Reserve Bank of New York building is seen in the Manhattan borough of New York, U.S., December 16, 2017. REUTERS/Eduardo Munoz/File Photo

By Michael S. Derby

NEW YORK (Reuters) - Declining world supply chain pressures are being challenged by new disruptions in China tied to the coronavirus pandemic, the New York Federal Reserve reported on Friday.

The regional Fed bank's December Global Supply Chain Pressure Index ticked down to 1.18 from November's revised 1.23 reading. According to the report, supply chain pressures have been easing notably since the spring of last year and bottomed in September, and have since then been bouncing around in a tight range.

In a blog posting accompanying the report, bank economists said "while supply chain disruptions have significantly diminished over the course of 2022, the reversion of the index toward a normal historical range has paused over the past three months," adding that "our analysis attributes the recent pause largely to the pandemic in China amid an easing of 'Zero COVID' policies."

In contrast to much of the rest of the world, until recently China has been pursuing aggressive lockdown strategies to mitigate the spread of the virus. Given China's large role in manufacturing, that approach has kept pressure on supply chains over recent months. Now, the easing of restrictions has been attended by a massive wave of coronavirus infections, which threaten to keep pressure on the ability to ship goods out of China.

The report noted that China's recent woes were affecting other Asian economies, and said the future of that nation's impact on supply chains is uncertain. "It will be interesting to see how future (supply chain index) readings evolve in light of the recent relaxation of China's pandemic restrictions and resulting wave of COVID-19 infections, hospitalizations, and deaths," the blog posting said.

Since the onset of the pandemic in the spring of 2020, global supply chains have been highly disrupted and have been a notable driver in helping to create the highest levels of inflation seen in decades.

Supply chain pressures as measured by the New York Fed have been generally easing since hitting a peak in the closing months of 2021. That trend is widely viewed as having taken some pressure off of overall inflation trends, which are showing some initial signs of a welcome softening.

High inflation has driven the Fed to raise rates at an aggressive pace. U.S. central bank officials have penciled in more increases for 2023 but expect to stop and hold for a while, amid expectations inflation pressures will start cooling off.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
07-02-2023 22:41:33 (UTC+7)

EUR/USD

1.0683

-0.0046 (-0.43%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (0)

EUR/USD

1.0683

-0.0046 (-0.43%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (0)

GBP/USD

1.1994

-0.0022 (-0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

USD/JPY

131.74

-0.92 (-0.69%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

AUD/USD

0.6897

+0.0015 (+0.23%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (0)

USD/CAD

1.3456

+0.0010 (+0.07%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

EUR/JPY

140.76

-1.58 (-1.11%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (9)

EUR/CHF

0.9891

-0.0069 (-0.69%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Gold Futures

1,886.50

+7.00 (+0.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Silver Futures

22.267

+0.030 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

Copper Futures

4.0115

-0.0235 (-0.58%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Crude Oil WTI Futures

75.44

+1.33 (+1.79%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (9)

Sell (0)

Brent Oil Futures

82.05

+1.06 (+1.31%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Natural Gas Futures

2.526

+0.069 (+2.81%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

US Coffee C Futures

173.88

-1.82 (-1.04%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (8)

Euro Stoxx 50

4,201.55

-3.90 (-0.09%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (1)

S&P 500

4,102.95

-8.13 (-0.20%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

DAX

15,297.85

-48.06 (-0.31%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,848.72

+12.01 (+0.15%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

Hang Seng

21,298.70

+76.54 (+0.36%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

US Small Cap 2000

1,939.65

-15.15 (-0.78%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

IBEX 35

9,152.79

-6.41 (-0.07%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (1)

BASF SE NA O.N.

52.865

-0.085 (-0.16%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (1)

Bayer AG NA

58.98

+0.79 (+1.36%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Allianz SE VNA O.N.

219.23

-0.07 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

Adidas AG

152.93

-2.43 (-1.56%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (5)

Deutsche Lufthansa AG

9.610

-0.193 (-1.97%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Siemens AG Class N

141.00

-1.96 (-1.37%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Deutsche Bank AG

11.497

+0.141 (+1.24%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (1)

 EUR/USD1.0683↑ Buy
 GBP/USD1.1994↑ Buy
 USD/JPY131.74↑ Sell
 AUD/USD0.6897↑ Buy
 USD/CAD1.3456↑ Sell
 EUR/JPY140.76↑ Sell
 EUR/CHF0.9891Buy
 Gold1,886.50↑ Buy
 Silver22.267↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI75.44↑ Buy
 Brent Oil82.05↑ Buy
 Natural Gas2.526↑ Sell
 US Coffee C173.88↑ Sell
 Euro Stoxx 504,201.55↑ Buy
 S&P 5004,102.95↑ Buy
 DAX15,297.85↑ Buy
 FTSE 1007,848.72Buy
 Hang Seng21,298.70↑ Sell
 Small Cap 20001,939.65Neutral
 IBEX 359,152.79↑ Buy
 BASF52.865Buy
 Bayer58.98↑ Buy
 Allianz219.23↑ Buy
 Adidas152.93Sell
 Lufthansa9.610↑ Sell
 Siemens AG141.00↑ Sell
 Deutsche Bank AG11.497Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,650/ 6,710
(10/ 10) # 1,344
SJC HCM6,655/ 6,735
(15/ 15) # 1,371
SJC Hanoi6,655/ 6,737
(15/ 15) # 1,373
SJC Danang6,655/ 6,737
(15/ 15) # 1,373
SJC Nhatrang6,655/ 6,737
(15/ 15) # 1,373
SJC Cantho6,655/ 6,737
(15/ 15) # 1,373
Cập nhật 07-02-2023 22:41:35
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,872.74+4.450.24%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.00024.480
RON 95-III23.14023.600
E5 RON 92-II22.32022.760
DO 0.05S22.52022.970
DO 0,001S-V24.28024.760
Dầu hỏa 2-K22.57023.020
ↂ Giá dầu thô thế giới
WTI$75.68-0.92-1.23%
Brent$82.04-0.83-1.02%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.420,0023.790,00
EUR24.663,7826.055,52
GBP27.653,4728.844,48
JPY174,04184,33
KRW16,1919,73
Cập nhật lúc 18:50:03 07/02/2023
Xem bảng tỷ giá hối đoái
adver main right