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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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…
Read More »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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