China's Car Sales Slump As Gasoline Demand Craters

After a meeting between President Donald Trump and Chinese President Xi Jinping, Taiwanese President Lai Ching-te urged Washington to continue selling weapons to Taipei. During his summit with Trump, Xi said that the Taiwan issue would determine the future of the relationship between the US and China. Following the meeting, Trump said that he has […]

Bloomberg Agri Index Posts Biggest Monthly Jump Since Arab Spring Riots As Food-Crisis Risks Mount The Bloomberg Agriculture Spot Index (BCOMAGSP) posted its largest monthly gain since the chaotic days of the Arab Spring riots and is nearing a breakout above its 2023 highs, signaling a broad-based acceleration in agricultural commodity prices. The upside momentum comes as Wall Street increasingly warns that a perfect storm of factors, from El Niño and higher fertilizer and diesel prices to disruptions in the Black Sea and the Strait of Hormuz, could push the...

ECB Preview: First Rate Hike Since 2023 Markets expect the ECB to hike by 25bps, the first rate hike since 2023, but do not look for explicit guidance on the path ahead, with the Council likely pledging in the statement to set monetary policy in a data-dependent and meeting-by-meeting fashion. Lagarde is likely to highlight that tightening is appropriate, for example, by repeating that the energy shock requires “some measured adjustment” in the policy stance. Goldman does not expect her to provide any specific guidance on next steps but look...