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Economic Indicators Released Overnight
No signs of inflation rising in Japan, Australia or Germany. Is deflation the next black swan?
Equities aren't getting that message.
US Equities
Trump threatens ‘very severe consequences’ if Putin refuses to end Ukraine war [FT]
Evergrande to Delist in Milestone for China Housing Crisis
Trump says the Fed should cut interest rates but doesn’t say how much. Bessent does. [MarketWatch]
New all time high for Bitcoin. But only just at the moment. Let's see if shorts can add to their positions while we're at double top.
Oil continues lower as outlook for the global economy falls. Below $59 there's a big gap.
All news is bad news for the USD at the moment. DXY heading towards 94.00. Terrible price action.
A new day, a new all time high for equities. Could see more acceleration now that we have chewed through resistance.
10 year yields ticking down again but since inauguration day it's been pretty steady. With 3 rate cuts this year priced in, it'll take a deflationary scare to get rates significantly lower. Soft YCC stopping yields going higher.
US 10 Year Government Bond Yield Daily
Meloni Seeks to Shrink Chinese Holdings at Key Italian Companies [Bloomberg]