Category: Macro
-
UK Consumer Confidence Rises Sharply, G7 Prepares Fresh Sanctions on Russia, US Existing Home Sales Decline
Trade Deal Strengthens US-Taiwan Bond The United States and Taiwan have reached an agreement on the initial phase of a new trade deal, focusing on anti-corruption measures, regulatory practices, and customs procedures. Following the signing of this agreement, both countries intend to address additional topics such as agriculture, digital trade, and environmental standards. This trade…
-
Significant Drop in US Unemployment Claims, US Commercial Real Estate Prices Decline
G7 Leaders Discuss Ukraine Leaders of the G7, a group of wealthy democracies, have arrived in Hiroshima, Japan, for their annual summit. Ukraine will be a key topic on the agenda, with discussions centered around a peace summit to advance a ten-point roadmap proposed by President Volodymyr Zelensky. The G7 comprises the United States, Britain,…
-
Semiconductors Shift to Japan, Walmart Exceeds Earnings Expectations, Alibaba Begins Breakup with IPOs
Optimism Surrounds Greek Stocks Investors are optimistic about Greek stocks, expecting the country to regain its investment-grade status and demonstrate fiscal discipline and economic resilience. Greek stocks have been among the best performers globally this year, with the Athens Stock Exchange General Index (EXAE:AT) up 22%. Semiconductors Shift to Japan Ahead of the G7 summit,…
-
Montana Bans TikTok, Australian Timber Trade Resumes, Record Rents in NYC Boroughs
Global Temperatures to Surpass Paris Agreement Limit According to the World Meteorological Organisation, there is a 66% likelihood that global average temperatures will surpass pre-industrial levels by 1.5°C in one of the next five years. This represents a significant increase from previous estimates, with odds being near zero in 2015. The Paris agreement aimed to…
-
Increasing Delinquency Rates in US, Slowdown in China’s Home Price Growth, US Housing Starts To Show Recovery Signs
Sudan Aid Plea Amidst Conflict: UN Seeks $2.6B The UN’s aid agency has appealed for $2.6 billion to support humanitarian efforts in Sudan amidst ongoing conflict between the Sudanese army and the paramilitary group, Rapid Support Forces. With over half of the country’s population, approximately 25 million people, requiring aid and protection, the situation is…
-
Japan’s Economy Surpasses Expectations, IEA Raises Oil Demand Forecast, European Auto Sales Recover
Debt Ceiling Optimism Republican House Speaker Kevin McCarthy expressed optimism that a deal to raise America’s debt ceiling could be reached by the end of the week. After meeting with President Joe Biden, McCarthy insisted on spending cuts in exchange for increasing the government’s borrowing cap. As talks continue, Biden has decided to shorten his…
-
Jobless Claims Exceed Expectations, US Home Sales Decline, UK Consumer Confidence Rises
Jobless Claims Exceed Expectations The US labour department reported 245,000 new initial jobless claims in the week ending April 15, which exceeded economists’ expectations of 240,000 claims. This was an increase in the pace of new claims, led by California, New York, Massachusetts and Texas, based on preliminary figures not adjusted for seasonal changes. US…
-
Russia Exports Ban Proposal, Bank Failures Slow Borrowing, China’s Benchmark Rates Steady
Russia Exports Ban Proposal Ukraine’s key allies, including the US, are considering an outright ban on most exports to Russia, as they aim to tighten economic pressure on President Vladimir Putin’s war. Group of Seven officials are discussing this idea ahead of a leaders summit in Japan, intending to include European Union member states in…
-
US Supreme Court Extends Abortion Pill Freeze, Republican Speaker Outlines Debt Ceiling Plans
US Supreme Court Extends Abortion Pill Freeze The US Supreme Court has extended its freeze on a lower court ruling that would have restricted access to the abortion pill, mifepristone, until Friday. This will keep the drug available while the justices consider whether to keep it on the market. A federal judge in Texas had…
-
Millionaires Flock To New York, England and Wales Insolvency Spike, AT1 Bond Market Rebounds
Millionaires Flock To New York Henley & Partners, an investment company, ranks New York City as home to the largest number of millionaires in the world. The city has around 340,000 millionaires, up 40% from 2012, while Tokyo has slipped to second place. Singapore, with 240,000 millionaires as of 2022, has overtaken Hong Kong in…