Japan tariff negotiator rules out quick deal
Trump’s team has been touting progress towards a deal with Japan and market participants have been watching closely for the contours, as it will offer a framework for others. But…
Read More »FX closing levels for the week: USD/CHF continues to bleed
The Good Friday holiday ensured it would be a quieter day than most this year but it wasn’t exactly quiet in the FX market. There were some decent moves on…
Read More »China Cabinet Meeting: Will step up counter-cyclical adjustment
Will step up counter-cyclical adjustment. Will strive to stabilise employment, foreign trade. Will boost consumption, domestic demand. Will encourage companies to actively stabilise employment. Will support foreign companies to reinvest…
Read More »Lutnick: Electronics products will have special tariffs coming in a month or so
From an interview on ABC: Electronics products will be part of upcoming sectoral tariffs Pharma tariffs also coming in the next month or two US has had ‘soft entrees’ through…
Read More »Smartphones, computers and chips will still face 20% tariffs
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…
Read More »US March PPI +2.7% vs +3.3% expected
Prior was +3.2% PPI -0.4% m/m vs +0.2% expected Ex food and energy +3.3% y/y vs +3.6% expected Ex food and energy -0.1% m/m vs +0.3% expected Ex food, energy…
Read More »All eyes stay on the bond market in final trading day of the week
Despite a decent 30-year bond auction yesterday, yields are continuing to surge as broader market dislocations are persisting. 30-year yields in the US shot to a high of 4.95% earlier…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.3484 – 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 »White House: Trump directed team to have tailor-made trade deals with every country
White House Press Secretary Karoline Leavitt: “The President met with his trade team this morning, and he directed them to have tailor made trade deals with each and every country…
Read More »US futures hold up for now but tariffs threat remains
S&P 500 futures +1.4% Nasdaq futures +1.1% Dow futures +1.7% While there is a suggestion that market players are holding out some optimism for Trump to start making deals, the…
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