The narrative of Trump versus the world continues to dominate the market landscape as we look towards the end of April. While he was busy over the weekend putting in focus on the Russia-Ukraine conflict, it is leaving broader markets wanting in the new week expecting some new development on tariffs/trade. And that’s where we
Indian Rupee steadies in Monday’s Asian session. Concerns over geopolitical tensions between India and Pakistan weigh on the Indian Rupee. Rising foreign inflows and lower crude oil prices might help limit the INR’s losses. The Indian Rupee (INR) holds steady on Monday. Rising tension with Pakistan could trigger a risk-off sentiment among traders, which might
PBOC deputy governor says will cut reserve Requirement ratio (RRR), interest rates, at an appropriate time to focus financial support on stabilising jobs, economic growth will guide financial institutions to guarantee financing demand for foreign trading firms (i.e. exporters) studying plans to enrich policy kit will roll out new policies when needed *** Earlier: China’s
The Australian Dollar remains under pressure as the US Dollar strengthens, supported by signs of easing US-China tensions. China’s move to exempt certain US imports from its 125% tariffs has sparked some optimism for better trade relations. The Federal Reserve is in its blackout period ahead of the May 7 Federal Open Market Committee meeting.
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate
Current market situation and fundamental drivers The technology sector is driving a notable rebound in equity markets despite ongoing tariff uncertainties between the US and China. Optimism around potential tariff reductions, strong earnings from major tech companies, and dovish signals from the Federal Reserve have collectively fueled recent gains. However, substantial risks remain, and investors
U.S. Treasury Secretary Scott Bessent spoke with US media on Sunday. Bessent said that while he spoke with his Chinese counterparts last week during International Monetary Fund meetings in Washington, tariffs were not mentioned! Further in the interview Bessent refused to back up Trump’s assertion that Trump had spoken with China’s President Xi: “I don’t
Bloomberg (gated) carried comments from Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania and European Central Bank Governing Council member (the monetary policy making board of the Bank). Bloomberg is gated, but in brief: ECB could lower interest rates at least two more times this year, citing: global trade weakness, largely caused
Last week, major US retailers including Walmart, Target and Home Depot met with the White House. Shortly afterwards, the stock market turned around, leading to an extremely strong week in the S&P 500. Today, Hong Kong based Ming Pao (a reputable newspaper) reports from the Canton Fair, which is an import/export fair and reported that:
Reuters ECB sources report that a consensus is building for a June rate cut. At the moment the market is pricing in 71% chance of a cut but it looks like the ECB wants to bump that up, given that this report cites six sources. The report notes that data has been deteriorating but also
At the turn of the year, it looked like a certainty that Conservatives would form a large majority in this year’s Canadian election but Trump changed everything. His harsh tariffs on Canada and unceasing 51st state talk upended the focus on housing/immigration/culture and put it squarely on sovereignty. Conservative leader Pierre Poilievre struggled to strike
