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U.S. Debt Ceiling “August Deadline” Looms — Treasury Begins Cutting Short-Term Bond Issuance
TradingKey - As the so-called “X-date” — the point at which the U.S. Treasury runs out of emergency measures to avoid default — draws closer, and with Trump’s tax cut and spending bill still stuck in a difficult legislative process, the U.S. government is beginning to tighten its belt: reducing shorTradingKey
Wed, May 28
A U.S.-EU Currency War? The “Global Euro Moment” Rises as the Weak Dollar Endures
TradingKey - Although tensions in the U.S.-EU tariff war have eased, the era of U.S. exceptionalism continues to fade, with the U.S. dollar weakening in response to President Donald Trump’s aggressive tariff hikes and expansionary fiscal policies.
TradingKey
Wed, May 28
OPEC+’s “Overt Scheme” to Boost Output: Targeting U.S. Shale Oil’s Break-Even Point?
TradingKey - Ahead of the OPEC+ meeting on May 31, international oil prices remained weak. Some analysts believe that OPEC+ is preparing for its third consecutive large-scale production increase, aiming to push crude prices below $60 per barrel — a move designed to challenge the break-even point...
TradingKey
Wed, May 28
BOJ governor says swings in super-long yields could impact shorter durations
TOKYO, May 28 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Wednesday that large swings in super-long government bond yields could affect yields on shorter-term bonds."Our research has shown that changes in short- and medium-term interest rates have larger impacts on economic activities ...
Reuters
Wed, May 28
Oil prices inch up as U.S. bans Chevron from exporting Venezuelan crude
BEIJING, May 28 (Reuters) - Oil prices ticked up in early trading on Wednesday as the U.S. barred Chevron CVX.N from exporting crude from Venezuela under a new authorization on its assets there, raising the prospect of tighter supply.Reuters
Wed, May 28
US STOCKS-US stocks end sharply higher on Trump's tariff reprieve
NEW YORK, May 27 (Reuters) - Wall Street surged on Tuesday as investor risk appetite was buoyed by U.S. President Donald Trump's latest tariff respite and an unexpected jump in consumer confidence. A broad rally sent all three major U.S. stock indexes higher, with strength in the AI-related "...Reuters
Wed, May 28
Japan proposes to buy U.S. chip products in tariff talks, Asahi says
TOKYO, May 28 (Reuters) - Japan has proposed purchasing billions of dollars worth of U.S. semiconductor products during ongoing tariff negotiations with the United States, the Asahi newspaper reported, citing an unidentified source.Reuters
Wed, May 28
Yields dip as Japan's possible bond shift eases supply worries
NEW YORK, May 27 (Reuters) - U.S. Treasury yields declined on Tuesday as concerns over rising global government debt supply, which lifted bond yields last week, were partly eased by expectations that Japan could issue less longer-dated debt.Reuters
Wed, May 28
US Dollar Index rebounds toward 99.50 as trade tensions ease, but bearish pressure lingers
The US Dollar Index (DXY), which tracks the value of the US Dollar (USD), is pushing upward as market participants respond to fading trade tensions. Markets are drawing fresh optimism from President Trump's decision to delay the implementation of 50% tariffs on EU imports.Fxstreet
Wed, May 28
Canadian Dollar snaps six-day win streak as markets pare Loonie bets
The Canadian Dollar (CAD) lost ground against the US Dollar (USD) on Tuesday, snapping a six-session winning streak for the Loonie and pushing USD/CAD back above 1.3750 as trade headlines dominate the market cycle.
Fxstreet
Wed, May 28
WTI holds below $61.00 amid supply concerns, all eyes on OPEC+ meeting
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.90 during the Asian trading hours on Wednesday. The WTI price edges lower amid supply concerns after Iranian and US delegations made progress in their nuclear talks.Fxstreet
Wed, May 28
Salesforce to buy Informatica for $8 billion to bolster AI data tools
Buying Informatica helps Salesforce expand data management toolsDeal allows Salesforce to tighten control over how its data is managed and usedSalesforce races to embed generative AI deeper into its productsBy Milana Vinn and Aditya Soni May 27 (Reuters) - Salesforce said on Tuesday it would buy ...Reuters
Tue, May 27
Xiaomi reports record first-quarter revenue as it launches new electric SUV
By Che Pan and Brenda Goh BEIJING, May 27 (Reuters) - China's Xiaomi 1810.HK on Tuesday reported record first-quarter revenue and profit, as the company said its ongoing shift towards higher-end products from smartphones to home appliances was already paying off.Revenue for the quarter ended...Reuters
Tue, May 27
Volvo's 3,000 Job Cuts: A Crucial Move Amid Cost Optimization Strategy, Betting on a Fully Electric Future by 2030
TradingKey - On Monday, Swedish automaker Volvo announced plans to lay off approximately 3,000 employees globally, including 1,200 local staff in Sweden, with the remaining positions distributed across other international markets.TradingKey
Tue, May 27
Imitating WeChat Pay? Musk Responds to Upcoming Release of X Money
TradingKey - On May 26th, Elon Musk, CEO of Tesla, announced on the social platform X (formerly Twitter) that its digital payment service X Money has entered a small-scale Beta testing phase. In his tweet, he emphasized the need for "the utmost vigilance" when it comes to features involving user...TradingKey
Tue, May 27
