Category: Macro
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America’s Leaked Intelligence Documents, China’s Taiwan Military Drills
America’s Leaked Intelligence Documents Leaked classified-intelligence documents reveal that America has been spying on its key allies, including South Korea. The documents show that South Korean companies are indirectly supplying lethal weapons to Ukraine, which contradicts official policy. The files also contain national-security information about Russia’s invasion, as well as details about China, the Indo-Pacific…
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China’s Positive Figures, Eurozone Inflation Falls, UK House Prices Decline
China’s Non-Manufacturing Growth China’s non-manufacturing sector grew at its fastest rate in over a decade in March, with the National Bureau of Statistics’ non-manufacturing purchasing managers’ index reaching 58.2, surpassing economists’ predictions of 54.3. However, manufacturing growth slowed, with the manufacturing sector gauge coming in at 51.9, trailing February’s 52.6 rate. The contrasting signals suggest…
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Trump Faces Criminal Charges, Finland Joins NATO
Trump Faces Criminal Charges Donald Trump faces criminal charges for his alleged role in covering up hush-money payments made to an adult film actress. A grand jury in New York voted to indict him, and he is expected to turn himself in on Tuesday. Mr Trump denies any wrongdoing, and this is just one of…
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US Unemployment Claims Increase, Spain and Germany’s Inflations Slow Down
China Trade Pact in Danger Ahead of her visit to China next week, Ursula von der Leyen, the president of the European Commission, urged for a more forceful approach towards China. She called for stricter controls over trade in sectors with military importance, such as AI, and hinted that the EU-China commercial pact might be…
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Taiwan US Visit, Central Banks to Focus on Profit Margin
Russian Advance, Nuclear Call Ukrainian officials acknowledged that Russian forces made some progress in their attack on Bakhmut, while Ukrainian troops claimed to be holding on to the eastern town. The UN’s nuclear watchdog head, Rafael Grossi, visited the Zaporizhia nuclear power station, which is currently occupied by Russia, and urged for measures to protect…
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US Mortgage Rates Fall, Call for AI Development Pause, BOE Warns Pension Funds
US Mortgage Rates Fall US mortgage rates dropped to a six-week low of 6.45%, contributing to a fourth-straight rise in applications to buy a home. The 30-year fixed mortgage contract rate fell by three basis points in the week ended 24 March, leading to a 2% rise in the Mortgage Bankers Association’s index of mortgage…
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Economic News: China Threatens Taiwan Meeting, US Housing Slump Continues
Rates Pressure Stocks The tech-heavy Nasdaq Composite fell on Tuesday due to the rising bond yields and concerns over further interest rate increases by the Federal Reserve. With easing anxiety about global banks, investors are now renewing their bets that interest rates may rise further and remain elevated. The broad S&P 500 index also declined,…
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Economic News: Financial Markets Stabilize, Eurozone Banks Cut Lending, Class-A Offices Struggle
Financial Markets Stabilize On Tuesday, European equities’ advance slowed down as investors remained cautious about the recent banking turmoil. The Stoxx Europe 600 Banks index, including the biggest lenders in the region, was down by 0.1%. The regionwide benchmark Stoxx 600 (STOXX:SX5E) was down by 0.1%, Germany’s Dax (DBI:DAX) was flat, and London’s FTSE (FTSE:UKX)…
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Economic News: US-Japan Trade Agreement, UK Food Inflation High, Fed to Raise Rates
European-Asian Stocks Soar European and Asian stocks gained momentum, and the dollar weakened as concerns over widespread banking turmoil eased. France, Spain, and Italy experienced the most significant gains in Europe, while Hong Kong, Japan, and South Korea saw increases in Asian shares. Futures for the US market showed slight gains. Netanyahu Delays Proposal Binyamin…
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Economic News: Protests Erupt in Israel, IMF Warns of Banking Turmoil, German Economy Expectations Improve
Stock Futures Rise US and European stock futures rose while an Asian shares benchmark fluctuated in cautious trading, as investors weighed the risk of recession and its impact on interest rates. The Euro Stoxx 50 and the S&P 500 both advanced, while an Asian gauge swung between gains and losses. China Petroleum & Chemical Corp.…