![]() “So we were like: ‘Come on,’ and getting her to fight and … and it was like she had an inner clock in her and she was just ready to go.” ![]() “I think me and my brother were not ready to … we thought she had 10 years left,” Björk told The Guardian. Two songs from the record – ‘Sorrowful Soil’ and ‘Ancestress’ – are said to be directed tributes to the singer’s mother, Hildur Rúna Hauksdóttir, who died in 2018 aged 72. You can see the full tracklist for ‘Fossora’ beneath. In October 2021, Björk said that the LP had been created “for people who are making clubs at home in their living room” during the COVID-enforced lockdowns. This time around 7 billion of us did it together nesting in our homes quarantining being long enough in one place that we shot down roots.” “It was also woven into how I experienced the ‘now’. ![]() This time around the feeling was landing on the earth and digging my feet into the ground. She said: “Each album always starts with a feeling that I try to shape into sound. It is the feminine of fossore (digger, delver, ditcher), so in short it means ‘she who digs’ ( into the ground ).” Key developments that should provide more direction to U.S.Speaking previously about the forthcoming ‘Fossora’, Björk explained that the record is about “a word i made up. Treasury yields off recent highs.īitcoin, now down almost 60% so far this year, fell below $19,000 for the first time since July. 2-year inflation expectations fell as a result, with 2-year inflation ‘breakevens’ from the index-linked Treasury market dropping to their lowest since February 2021. The only silver lining from global recession fears is that crude oil prices continue to fall back and dropped more than $1 at one point on Wednesday to their lowest since before Russia invaded Ukraine in February. ![]() With Deutsche Bank chief executive Christian Sewing warning a German recession was now inevitable due to the Europe-wide energy crunch, the demand picture outside the United States is darkening by the day. While imports of crude oil and other commodities fell, its overall trade surplus narrowed. service sector business readings appeared last month, the world’s second largest economy is spluttering and China’s yuan is also under the cosh against the dollar – hitting another 2-year low on Wednesday.ĭespite the yuan’s recent weakness, China’s export growth dropped sharply in August and well below forecasts – with heatwaves, drought and COVID lockdowns all having an impact. Richmond Fed President Thomas Barkin told the Financial Times more rate hikes were in store, positive real interest rates were a target and the Fed needed to keep rates high until it was convinced inflation was durably subsiding. Former Japanese currency diplomat Hiroshi Watanabe told Reuters on Wednesday that Japan should not intervene or change monetary policy in response as they would be ineffective in countering broad dollar gains.Īnd as a barrage of Fed speakers hits the circuit again on Wednesday, including Vice Chair Lael Brainard, there appears to be no change in tack from the U.S. Dollar/yen, now up more than 31% over 12 months, soared again over the past 24 hours to another 24 year high above 144, drawing official warnings in Tokyo about “rapid, one-sided” currency moves.īut for all the angst there appears to be little sign of any concrete action to halt the yen slide, now homing in on 1998’s trough above 147 per dollar. The European Central Bank will also likely see that on Thursday and the Bank of England is shaping for a similar move next week – all before the Fed could pull the 75 bp trigger again later this month. The Bank of Canada is expected to match recent Fed rate rises with a 75 basis point (bp) hike of its own later on Wednesday. economic soundings still strong enough to keep the Federal Reserve talking tough on its inflation fight, the dollar continues to climb against major currencies where recession worries are more intense or – in the case of Japan – there’s no appetite to match monetary tightening elsewhere in the G7. and global markets from Mike Dolan.īad things tend to happen in world markets when Japan’s yen registers wild swings and its latest freefall against the supercharged U.S.
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