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 … Read more
Tokyo headline CPI 2.6% y/y expected 2.6%, prior 2.9% CPI excluding fresh food 2.5% y/y expected 2.5%, prior 2.9% CPY excluding fresh food & energy +3.1% y/y, the highest since January 2024 expected 3.0%, prior 3.1% This article was written by Eamonn Sheridan at investinglive.com. fbs.mobi
Federal Reserve Governor Waller more to come This article was written by Eamonn Sheridan at investinglive.com. fbs.mobi
Societe Generale’s Manish Kabra said the Russell 2000’s sharp outperformance of the S&P 500 was the biggest single-day relative gain since Donald Trump’s election victory on November 6 last year. He attributed the move to Federal Reserve Chair Jerome Powell’s dovish pivot, noting that small-cap companies, which rely more heavily on borrowing to fund growth, … Read more
Senior Trump administration official: Package shipments to U.S. to face flat duties of $80–$200 for six months before shifting to specific duty rates This is in relation to Trump’s removal of the ‘de minimis’ exemption on buying low value products from overseas. US consumers will now be taxed a minimum of $80, and up to … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
German Chancellor Merz: There will be no meeting between Russia’s Putin and Ukraine Pres. Zelenskyy What next? More secondary sanctions? Can sanctions starve Russia of needed funds? The writing on the wall after the Putin/Trump meeting was pretty evident. There was no ceasefire. The hope was for a Putin/Zelenskyy bilateral meeting, which really never got … Read more
Trump is thinking about a Republican National Convention ahead of the mid-term elections: Oh no…Not more politics, fundraising, commercials, etc. In other Trump News today, he fired CDC Director Susan Monarez after she refused to resign She claimed she was ousted for resisting politically driven, unscientific directives. Her lawyers said she remained in her role, … Read more
Russia launched one of its most intense attacks of the year on Ukraine overnight, deploying 598 drones and 31 missiles, according to the Ukrainian Air Force. The strikes hit several targets, including the EU mission and British Council offices in Kyiv, though no EU or UK casualties were reported. The scale of the assault underscores … Read more
