Nomura: Beijing’s cautious tariff response is pragmatic amid limited import alternatives

I saw this from Nomura on Friday and am a wee bit slow to post it. here it is now. – With U.S.–China trade tensions expected to escalate following the…

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The Fed put and the Trump put may both be gone

Shortly after the election, markets were in a great mood and it’s easy to see why. You had a Republican sweep with the promise to extend current tax cuts and…

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US February PCE core +2.8% y/y vs +2.7% expected

Core PCE (excluding food & energy): Prior was +2.6% (revised to +2.7%) Core m/m +0.4% vs +0.3% exp Unrounded core PCE +0.38% vs +0.285% m/m prior PCE excluding food, energy…

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PBOC is expected to set the USD/CNY reference rate at 7.2591 – Reuters estimate

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…

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ICYMI – China’s life insurers could unleash powerful new gold demand

TD Securities notes that the Shanghai Gold Exchange has admitted four major Chinese life insurance companies as members under a new pilot program, potentially paving the way for a significant…

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China urged to focus on bolstering domestic demand, especially consumption

Changes in global environment will be challenging for China The narrative is building on this front with many calling for Beijing to step up support, especially on services consumption. From…

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Pres. Trump will announce tariffs on autos, aluminum and pharmaceuticals in near future

Pres. Trump is saying that: Will announce tariffs on autos, aluminum, and pharmaceuticals in the near future Tariffs will keep US taxes low. Meanwhle, commerce Sec. US Commerce Secretary Lutnick…

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European officials concerned over relying on Fed for USD funding in times of mkt stress

Reuters carry the report on discussions between European central banking and supervisory officials questioning whether they can still rely on the U.S. Federal Reserve to provide dollar funding in times…

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UK Consumer Confidence Edges Higher in March but Remains Fragile

UK consumer confidence improved slightly in March, with the GfK Consumer Confidence Index rising to -19 from -20, marking a three-month high. Despite this modest gain, sentiment remains below the…

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Irish central bank trims growth forecasts amid global policy uncertainty

Central Bank of Ireland 2025 modified domestic demand forecast cut to 2.7% from 3.1% GDP growth forecast lowered to 4.0% in 2025 and 2026 Inflation outlook revised higher, with HICP…

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