Today’s Trading Prospects
China April CPI, PPI
US April CPI
US Stocks Earnings: Disney (After Hours)
Fed Mester: 3 rate hikes will never be ruled out until inflation is resolved
Cleveland Fed President Loretta Mester delivered hawkish remarks, saying she would never rule out a three-yard rate hike until inflation is resolved.Read the full article…
Fiery inflation has seen cooling, as can be seen by three signs
Even with the Federal Reserve raising interest rates and the stock market tumbling, the good news on inflation keeps coming.Read the full article…
WHO Tedros: China’s zero-clearing strategy is unsustainable
World Health Organization (WHO) Secretary-General Tedros Adhanom Ghebreyesus said on Tuesday (10) that the Chinese government’s policy of “dynamic clearing” of epidemic prevention is unsustainable.Read the full article…
U.S. dollar rallies as many Asian central banks seek action to curb currency declines
The dollar’s climb to a two-year high has rattled Asian currencies and, unlike past competitive devaluations, Asian policymakers have resorted to a variety of ways to avoid widening losses against the dollar.Read the full article…
Elon Musk: Trump’s ban will be revoked if Twitter buys
Musk, the world’s richest man, said on Tuesday (10th) that if he successfully acquires Twitter (TWTR-US), he will revoke the ban on former President Trump’s Twitter account, because Twitter’s decision to block Trump in January 2021 was a mistake.Read the full article…