Author: FX

MON: German Ifo Survey (Mar).TUE: NBH Policy Announcement, US Advanced Goods Trade Balance (Feb), US Richmond Fed (Mar).WED: CNB Policy Announcement, Australian CPI (Feb).THU: SARB Policy Announcement, CBRT Minutes, Banxico Policy Announcement, Spanish Flash CPI (Mar), EZ Business Climate (Mar), German Prelim CPI (Mar), US GDP (Q4) & PCE Prices (Q4).FRI: Japanese Tokyo CPI (Feb), Chinese Official PMIs (Feb), German Retail Sales (Feb), French Prelim. CPI (Feb), EZ Flash CPI (Mar), US PCE (Feb), Canada GDP (Jan), US University of Michigan Final (Mar).NOTE: Previews are listed in day-orderAustralian CPI (Wed): The monthly CPI for February is expected to have cooled…

Share: The European Union´s foreign minister Josep Borrell said that Belarus hosting Russian nuclear weapons would mean an irresponsible escalation and a threat to European security. He said Belarus can still stop it, it is their choice but the EU stands ready to respond with further sanctions. Source link

Justin Sullivan Seeking Alpha contributor CashFlow Hunter correctly predicted big problems for Silicon Valley Bank parent SVB Financial Group (SIVB) three months before the firm collapsed. Now he recommends looking for bargains in energy MLPs and shares of Charles Schwab (NYSE:SCHW) — and in some financial stocks unfairly hit by “shrapnel” from the recent failures of SIVB, Signature Bank (SBNY) and Silvergate Bank (SI). “This explosion in the financial [sector] has created a lot of detritus or shrapnel — however you want to describe it — in the banking space. So, I think there’s going to be a lot of…

© Reuters. FILE PHOTO: A local resident stands next to a car in front of a residential building heavily damaged in the course of Russia-Ukraine conflict, in the settlement of Toshkivka, in the Luhansk region, Russian-controlled Ukraine, March 24, 2023. REUTERS/Alex KYIV (Reuters) – Ukraine on Sunday fiercely criticized plans by Russian President Vladimir Putin to station tactical nuclear weapons in Belarus and called for an emergency U.N. Security Council session to address the move. Putin announced the decision on Saturday, saying it would not violate nuclear non-proliferation promises and Russia would not hand off control of the weapons to…

SPY: The SPDR S&P 500 ETF Trust traded 4.1 million shares after hours, with a price of $396.46, up 0.2% from the previous day’s close.BAC: Bank of America Corporation traded 1.7 million shares after hours, with a price of $27.21, up 0.3% from the previous day’s close.AAPL: Apple Inc. traded 1.5 million shares after hours, with a price of $160.20, unchanged from the previous day’s close.T: AT&T Inc. traded 1.4 million shares after hours, with a price of $18.64, up 0.2% from the previous day’s close.INTC: Intel Corporation traded 1.2 million shares after hours, with a price of $29.40, up…

© Reuters. FILE PHOTO: A general view of skyline buildings, in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu By Jessie Pang HONG KONG (Reuters) – Hong Kong police on Sunday permitted a small protest march under tight restrictions in one of the first demonstrations to be approved since the enactment of a sweeping national security law in 2020. Several dozen demonstrators were required to wear numbered lanyards and were barred from wearing masks, as police monitored their march against a proposed land reclamation and rubbish processing project. Participants chanted slogans against the reclamation project as they marched in the…

kckate16/iStock via Getty Images Analysts are warning that U.S. motorists could see a repeat of last summer’s high gasoline prices, as fuel stockpiles move to multi-year lows ahead of the summer driving season that begins in two months. U.S. retail gasoline prices currently average $3.44/gallon, according to AAA, but they ran to a record $5.02/gallon last June. Domestic gasoline stockpiles have fallen for five straight weeks, culminating in last week’s 6.4M-barrel drawdown that was the biggest since September 2021, leaving inventories at 229.6M, their lowest for this time of the year since 2015, according to weekly data from the Energy…

Russia will station tactical nuclear weapons in its neighbouring puppet state of Belarus.Putin announced the move on Saturdaytactical nuclear weaponsgave no indication of when the weapons will be movedA US official reacted with caution, reiterating that the US remained “committed to the collective defense of the NATO alliance”. Belarus borders three NATO member countries; Poland, Lithuania and Latvia.Info via Reuters—This is a significant escalation from Putin. Markets are currently focused on other matters, the banking crisis and central banks’ response to high inflation (ICYM these, but I’m sure you haven’t!) amongst them, but this is hardly a positive input. Source…

By Brendan O’Brien and Lucia Mutikani (Reuters) – At least 23 people were killed and dozens injured after thunderstorms spawning high straight-line winds and tornadoes ripped across Mississippi late on Friday, leaving hundreds without shelter, state officials said on Saturday. Four people were missing following the storms, which left a trail of damage for more than 100 miles (161 km). The tornadoes struck Silver City, a town of 200 people in western Mississippi, as well as Rolling Fork, with a population of 1,700, which was hardest hit. Parts of the state remain under tornado warning. “At least twenty three Mississippians…

Scott Olson/Getty Images News With Pfizer saying in January that it expects a huge decline in revenue for its COVID-19 antiviral pill Paxlovid, sales could be impacted in the future by an unlikely medicine: metformin, the long-used drug for diabetes. While combinations of drugs have long been used in clinical practice to produce better efficacy through synergistic results, metformin, one of the first medicines doctors turn to for diabetes, may be a headscratcher. But it shouldn’t necessarily be. That’s because mounting research indicates that Paxlovid and metformin could improve outcomes related to Long COVID, a chronic illness that could potentially…