"The PMI figures are poised to test the ECB’s willingness to cut interest rates in June"

More important for the longer-term outlook is how the yen’s steadily weakening path is leading to domestic investors to allow their foreign asset positions to become underhedged...

Heaviest shelling in weeks as expanded operations focus on central Gaza...

It's common sense...

"A 2 standard deviation move in US 10-year note yields - equivalent to around 60 bps today - over a month is when impingement really kicks in"

“Whether markets see further consolidation from here is likely to hinge on the assessment of the sustainability of AI demand ahead following the earnings releases,”

Huawei is a rising star.

We really are in the early stages of a full-blown societal “collapse”, and things just keep getting worse with each passing day...

“The combination of high mortgage rates and prices have brought homebuyers’ median monthly housing payment to a record $2,775, up 11 percent year over year...”

“There is pushback on the dogmatic view that the future of the world hangs in the balance, and those taking the most extreme positions on the matter have been undermined by an unwillingness to consider nuclear at any price,”

...the situation is more accurately described as more people exiting certain blue states – e.g. New York and California – and heading to other states in general...

• European equities are entirely in the green; US equity futures trade modestly on either side of the unchanged mark.
• Dollar is slightly softer, EUR incrementally firmer post-EZ PMI; USD/JPY hits multi-decade highs once again.
• USTs initially remained in overnight ranges but succumbed to modest selling pressure following EZ PMIs.
• Crude is marginally firmer, underpinned by EZ PMIs; XAU continues to decline and base metals slip.
• Apple (AAPL) iPhone sales in China -19% in Q1 an

The Bitcoiners will first need to convince 100,000 Swiss nationals to sign the petition to kick off a referendum... a threshold that plagued their first attempt in October 2021.

...in order to strengthen the security of NATO's eastern flank...

“Adopting the 14th sanctions package is one of the most important things...”

Turkey's Erdogan would certainly approve...

Though the world has greatly changed, NATO remains committed to a political doctrine from a bygone era...

China bristles as more 16,000 troops participate...