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Rates Spark: Yields Remain Vulnerable To A Reversion Higher Ahead
Article By:
ING Economics
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Wednesday, May 15, 2024 4:45 PM EDT
U.S. CPI came in at consensus, averting a scare that the number would turn out higher. Retail sales came in significantly weaker than expected, bringing down yields.
Mastercard And Standard Chartered Bank Hong Kong Tests Tokenised Deposits
Article By:
Charles Thuo
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Wednesday, May 15, 2024 2:24 PM EDT
The initiative highlights potential for blockchain to enhance transparency and security in banking.
China Holds MLF Rate At 2.50%, Eyes Economic Stability
Article By:
Finance Brokerage
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Wednesday, May 15, 2024 1:13 PM EDT
China’s central bank, the People’s Bank of China, has decided to maintain its key policy rate. The medium-term lending facility (MLF) rate is at 2.50% as it rolls over maturing MLF loans worth 125 billion yuan ($17.28 billion).
In this article: GXC
Why A Rate-Cutting ECB Won’t Be Too Worried About The Euro
Video By:
ING Economics
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Wednesday, May 15, 2024 1:02 PM EDT
Markets expect the European Central Bank to start cutting interest rates next month.
In this video: EZU
Biden’s China Policy Is Backed Into A Corner
Article By:
Lipper Alpha Insight
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Wednesday, May 15, 2024 11:38 AM EDT
The White House on Tuesday unveiled a host of bumped-up tariffs on Chinese products, including a quadrupling of the charge on electric vehicles to 100%. A muddled U.S. policy push could end up backfiring.
FX Daily: Optimistic Bias To The Test
Article By:
ING Economics
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Wednesday, May 15, 2024 9:21 AM EDT
Markets appear to be giving an asymmetrically larger weight to the encouraging bits of US data releases, perhaps mirroring communication by the Fed which has failed to turn much more hawkish as disinflation has stalled.
Precarious: One Misfortune Away From Insolvency
Article By:
Charles Hugh Smith
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Wednesday, May 15, 2024 8:25 AM EDT
As a result, a significant percentage of households that are considered middle-class are one misfortune away from insolvency.
Eurozone Industrial Production Increases In March
Article By:
ING Economics
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Wednesday, May 15, 2024 7:38 AM EDT
The 0.6% month-on-month increase was strongly driven by a jump in the notoriously volatile Irish production figure. Production seems to be tentatively bottoming out at the moment, with a modest recovery expected in the second half of the year.
Stimulus Today Costs Dearly Tomorrow
Article By:
Michael Lebowitz
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Wednesday, May 15, 2024 7:25 AM EDT
Since the pandemic-related bazooka of fiscal stimulus, the outstanding Federal debt has risen appreciably.
Markets, Uncertainty, Forecasting
Article By:
Greg Feirman
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Wednesday, May 15, 2024 7:01 AM EDT
If we can have no rational basis for making one forecast over another or accepting one historical interpretation over another, then investing – and indeed all history and social science – is hopeless.
Biden Quadruples Tariffs On China EVs, Batteries
Article By:
ESG Today
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Wednesday, May 15, 2024 6:50 AM EDT
Biden announced a broad series of tariffs on goods imported from China, including several categories of products central to the U.S.’ clean energy transition strategy, such as electric vehicles, batteries and battery materials, and solar cells.
Dutch GDP Growth Contracts, But Underlying Developments Seem Positive
Article By:
ING Economics
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Wednesday, May 15, 2024 6:40 AM EDT
The Dutch economy contracted by 0.1 % in the first quarter of 2024 thanks to increased inventories, contracting exports and a negative statistical discrepancy. While this seems worse than expected most expenditures performed better than we’d thought.