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Accumulation of mercury and lead in the body has been linked to a range of health problems, including neurological damage, and lead has been linked to learning disabilities and behavioral problems in children. Studies have shown that mercury can adversely affect the immune system, and can be toxic to the nervous system. It is important to understand the sources of these toxins and how to reduce exposure to them. Common sources of mercury and lead include water, food, air, and industrial and medical waste. In particular, mercury can be found in fish, dental amalgams, and natural gas, while lead can be found in paint, gasoline, and lead-acid batteries. To reduce exposure to these toxins, it is important to avoid eating large fish, such as tuna, that contain high levels of mercury, and to limit the amount of lead-based paint used in the home. In addition to avoiding sources of mercury and lead, it is also important to follow good health practices, such as eating a balanced diet, exercising regularly, and avoiding smoking and alcohol. Finally, it is important to talk to your doctor if you have any concerns about your health, and to have your blood tested for heavy metals if you are concerned about exposure.
METRO MANILA’S economic output expanded by 4.9% in 2023, the slowest pace in two years, due to base effects and weaker output of key sectors, the Philippine Statistics Authority (PSA) said on Thursday. Read the full story.
The dollar tries to extend gains. The eco calendar is thin today, expect for the German CPI data. Monthly HICP is expected to rise a modest 0.2%, but unfavourable base effects might rise the Y/Y-measure to 2.7% from 2.4%. In case of an upward surprise, after yesterday’s global bond move, we’re keen to see the reaction at the long end of the curve. The German 10-y yield isn’t far away from the 2.65% April top. The US Treasury will sell $44bn 7-y notes. EUR/USD is locked in the 1.08/1.09 range.
Today, focus is on German inflation data for May which will give an important clue as to what the euro area print on Friday will show. We expect a large increase in core services inflation due to a base effect from the "German ticket", which lowered prices on public transportation in May last year. On Friday, we expect euro area headline inflation to remain at 2.4% y/y driven by rising energy inflation, falling foods inflation and unchanged core inflation at 2.7% y/y.
LT yields yesterday continued recent reacceleration. This tells at least as much on current market momentum as on the news that served as an explanation. Regional German May inflation published throughout the day were soft (0.1% M/M). At 0.2% M/M HICP inflation also decelerated markedly (0.6% in April), but due to base effects, Y/Y inflation jumped from 2.4% to 2.8%.
German inflation stood at 2.8% y/y for headline HICP, thus slightly higher than the 2.7% consensus amongst analysts. It is however worth noting that headline inflation was affected by the so-called 'German ticket', a discount on public transportation which has lowered headline inflation. Given its introduction more than a year ago, the base effects of the discount are no longer affecting the inflation print.
Later today, the focus for global trading is on the EMU and US inflation data series. EMU headline inflation is expected to slow from 0.6% M/M to 0.2% M/M. However, due to unfavourable base effects, the Y/Y measure likely reaccelerated to 2.5% from 2.4%. Core inflation is expected unchanged at 2.7%. In the US, the report on the April personal income and spending also contains the (core) PCE deflators.
With the EMU May Flash CPI and the US (core) April PCE deflators on the agenda, global trading today again was fully focused on inflation and what it could mean for the start and/or the pace of monetary easing. EMU inflation surprised slightly to the upside. Headline CPI slowed to 0.2% M/M from 0.6% but base effects caused the Y/Y measure to reaccelerate from 2.4% to 2.6% (2.5% expected). Core inflation also unexpectedly rebounded from 2.7% to 2.9%.
THE PHILIPPINE ECONOMY is expected to grow above 6% in the second quarter amid base effects and improved government spending, HSBC Global Research said on Wednesday. “For the second quarter, [the economy is] going to grow above 6%, mainly because of base effects, because as you remember, in second quarter of last year, the government […]
Wholesale price growth in the country and retail price growth in the National Capital Region (NCR) both eased to multiyear lows in May amid base effects, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary data from the PSA showed the country’s general wholesale price index (GWPI) inched up by 2.3% year on year that […]