Breaking news: China’s finance ministry said the increase from current additional levels of 84% would take effect from April 12.
Xi Jinping breaks silence, says Trump is bullying Europe and the entire world “There are no winners in tariff wars. Going against peace means isolating yourself,” Xi said during a meeting in Beijing with Spanish PM Pedro Sánchez — one of the hardest-hit in this trade war. The Chinese leader urged the EU to unite with Beijing against the U.S. president’s “unilateral intimidation.” Source: FT
The Euro is now the strongest vs the dollar going back to 2023, with some of the most violent moves we've seen over the past decade.
Source: Bloomberg, Lisa Abramowicz
Breaking news: China’s finance ministry said the increase from current additional levels of 84% would take effect from April 12.
Xi Jinping breaks silence, says Trump is bullying Europe and the entire world “There are no winners in tariff wars. Going against peace means isolating yourself,” Xi said during a meeting in Beijing with Spanish PM Pedro Sánchez — one of the hardest-hit in this trade war. The Chinese leader urged the EU to unite with Beijing against the U.S. president’s “unilateral intimidation.” Source: FT
Global Gold Trade Leaders in 2024
In 2024, Switzerland ($116 billion), the United Kingdom ($66 billion), Hong Kong ($57 billion), and the United Arab Emirates ($53 billion) emerged as the world’s top gold exporters. These same economies also featured prominently among the top gold importers: Switzerland ($105 billion), the UK ($77 billion), Hong Kong ($65 billion), and the UAE ($77 billion). Meanwhile, China ($103 billion) and India ($52 billion) ranked as major gold importers but exported far less—$90 billion for China and $1 billion for India—making them the world’s largest net gold importers. Source: Econovis @econovisuals
BREAKING: US 10Y Treasury yield rises to 4.48%, the largest single weekly increase since 2001.
U.S. 30-year treasury yields rise to 4.95%, weekly increase is biggest since 1982. Source: unusual_whales
This is not a drill: Gold goes vertical
SOurce: zerohedge, Bloomberg
Markets are dumping the dollar in Asia as the Dollar Index $DXY plunges below 100
Euro = 1.13 Yen = 143 Swissie = 0.8194 Source: zerohedge
USA CDS spread are blowing out, now trading wider (worse) than France and South Korea (and almost as bad as Italy and Greece)...
Source: zerohedge
