The White House’s Stephen Miller — who is prickly at the best of times — is out with a tweet noting that 20% fentanyl tariffs still apply to China. He wrote this in response to a Washington Post article: Washington Post: maybe your reporters should try reading before posting. These products are subject to the […]
Weekend info on what appears to be a reversal on tariffs from Trump, an easing on tech goods. The U.S. Customs and Border Protection issued a notice late Friday stating that certain goods would be excluded from both Trump’s 10% global tariff on most countries and the significantly higher import tax on Chinese products. Smartphones
It has been a brutally volatile week across global markets, driven by a whirlwind of US tariff implementations, abrupt reversals, and rapid retaliatons. Investors were left scrambling to make sense of the White House’s constantly shifting trade stance. We won’t attempt to recap every step of the tariff saga, when even members of the administration
The market is now fully priced for an ECB rate cut on Thursday and Deutsche Bank economists have got on board. The economic hit from reciprocal tariffs, uncertainty, and tighter financial conditions likely exceeds what the ECB was expecting Previous ECB assumptions that tariffs would boost inflation have been challenged Recent developments including higher EUR,
Banxico board sees increased economic slack and downside inflation risks, reinforcing expectations for more rate cuts. Majority noted orderly MXN trading and improving liquidity conditions despite external volatility. USD/MXN could test 20.00 if support at 20.30 breaks; upside risk only resumes above 20.50. On Thursday, April 10, Banco de Mexico (Banxico) released its latest meeting
The U.S. dollar ended the day sharply lower, led by a -1.50% drop versus the New Zealand dollar, followed by a -1.35% decline against the euro, and a -1.03% fall versus the Australian dollar. The dollar’s weakest performance was against the yen, falling a relatively modest -0.60%. The move lower was supported by a string
Monday Before Open: Goldman Sachs M&T Bank After Close: FirstBank Pinnacle Financial Partners Tuesday Before Open: Bank of America Citi Johnson & Johnson PNC Albertsons Ericsson After Close: United Airlines Interactive Brokers J.B. Hunt Wednesday Before Open: ASML US Bancorp Abbott Progressive insurance Travelers Prologis After Close: Alcoa CSX Kinder Morgan Thursday Before Open: TSMC
The upcoming week will focus on U.S. President Donald Trump’s plans for new tariffs. Alongside this, markets will also watch U.S. jobs data, an Australian central bank meeting, and a key eurozone inflation report. Asia Pacific Markets The main focus this week in the Asia Pacific region will be Japanese inflation and a host of
GBP/USD rallies past 1.3000 as China escalates trade-war with US GBP/USD climbs above 1.3100 on persistent USD weakness UK GDP rebounds 0.5% MoM in February vs. 0.1% expected The UK economy expanded in February, with the Gross Domestic Product (GDP) rebounding 0.5% after recording no growth in January, the latest data published by the Office
It’s not looking good in the bond market right now. There is an interesting contrast unfolding with UMich inflation expectations surging but market-based inflation expectations falling. The UMich ones are volatile but I fear that the market is thinking more about tumbling growth beyond the tariff shock and an administration that’s lost its focus on
