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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.
Stubborn Polish Inflation Limits Scope For Future Rate Cuts
Article By:
ING Economics
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Wednesday, May 15, 2024 5:53 AM EDT
According to the final estimate, CPI inflation in Poland rose to 2.4% year-on-year in April (in line with the preliminary estimate), compared to 2.0% in March.
Don’t Blame Trump For The Coming Slump
Article By:
Martin Hutchinson
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Wednesday, May 15, 2024 5:36 AM EDT
Observers have been puzzled by the continued strength of the U.S. stock market, asset prices generally and the U.S. economy in the face of sharp rises in interest rates since early 2022.
Ranked: The Top 6 Economies By Share Of Global GDP (1980-2024)
Article By:
Jeff Desjardins
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Wednesday, May 15, 2024 5:05 AM EDT
The world’s top six economies by their share of global GDP from 1980 to 2024.
Samsung Plans To Invest 1 Billion Dollars In Vietnam
Article By:
EqualOcean
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Wednesday, May 15, 2024 4:54 AM EDT
Recently, Samsung Electronics announced that it will significantly increase the size of its annual investment in Vietnam, with plans to boost investment by up to $1 billion.
In this article: SSNLF
Rates Spark: All Eyes On US CPI
Article By:
ING Economics
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Wednesday, May 15, 2024 4:31 AM EDT
Markets remain highly sensitive to anything inflation related, as highlighted by the strong reaction to Tuesday’s US PPI. A key test for the bullish undertone is CPI, where we think an in-line reading might not be enough to spur on bond bulls.