MNI: Fed Should Tread Cautiously On Productivity -Goolsbee

MNI: US Tariffs Could Boost Inflation By 0.81%-1.63% -ATL Fed

MNI: Canada Apr-Dec Budget Deficit CAD21.7B Vs Prior CAD23.6B

MNI China Daily Summary: Friday, February 28

MNI BRIEF: Xi Calls For Greater Consumption To Boost Demand

MNI BRIEF: China To Fight Against Extra U.S. Tariffs: MOFCOM

BAKER HUGHES CANADA RIG COUNT 248; OIL RIGS 177; GAS RIGS 71

MNI: BAKER HUGHES US RIG COUNT 593; OIL RIGS 486; GAS RIGS 102

EZ/UK Bond Supply Calendar: DDA, RAGBs, Gilt, Bobl Due Tuesday

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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Summary – May 08

LATAM
  • The Selic rate decision in Brazil takes the focus on Wednesday, with a majority now expecting the BCB to cut by 25bp to 10.50%, although some still see scope for the Copom to deliver one final 50bp cut, as previously guided. Chile CPI inflation data for April will also cross, along with Brazil March retail sales and April trade data. Argentina March IP and construction activity will also be released later. Elsewhere, US March final wholesale trade sales and inventories data are due. The speaker schedule is busier, as the ECB's Wunsch and de Cos and the Fed's Jefferson, Cook and Collins make appearances.
  • Global News:
    • US - ISRAEL – The US paused a shipment of bombs to Israel over worries about Israel nearing a decision to launch a wide-ranging military offensive on the southern Gaza city of Rafah, which President Joe Biden opposes, according to a senior administration official. The delivery was supposed to contain 3,500 bombs, split roughly evenly between 2,000-pound (907-kilogram) and 500-pound explosives, the official, who was granted anonymity to discuss a sensitive matter, said.
    • JAPAN (MNI) – BoJ Governor Ueda said on Wednesday the Bank may handle forex volatility with monetary policy, depending on forex movements. Ueda told lawmakers exchange rates will have a significant impact on the economy and prices and forex movements will have a larger impact on prices than previously noted. Ueda will closely monitor forex moves with regard to the conduct of monetary policy, he added, noting the impact of the weak yen on the underlying inflation trend has not been as significant so far but it could affect it in the future.
    • CHINA MNI (Beijing) – China’s trade should recover to pre-pandemic trends of single digit growth in 2024 driven by export demand for new manufactured goods, following flat results last year and despite western “overcapacity” accusations, a senior policy advisor to the National Development and Reform Commission told MNI.
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