BoJ : $62bn spent / OPEC+ extend cuts into Q3 / China Caixin 2y highs / NVD / U.S PCE as exp / India, SA, Mexico, and now EU elections up next

• Week ahead : JOLTS Tuesday, ECB rate decision on Thursday, U.S NFP Friday and PMI across globe are the main events, BoC rate decision on Wed, after over 10+ Fed speakers last week, there will be none this week as we are in 'blackout period' till FOMC next week >>> markets looked a little soft going into the final 2hours on Friday! a $6bn ''buy into the close'' pushed it all back to current levels + perhaps early news/rumours of some kind of deal in Israel-Gaza war emerged

• Israel-Gaza war live: Blinken urges Israel and Hamas to take ceasefire deal as fresh strikes reported in Rafah
  

• Modi's alliance to win big in India election, exit polls project

• Sheinbaum elected Mexico's first woman president

• The ANC’s total supremacy in South Africa is over

• OPEC+ agreed to extend its voluntary cuts to approx 2mio barrels a day through Q3, followed by gradual phase out over following 12mos

• China factory activity growth hits 2-year high, 51.7 in May from 51.4 in April and Prospect of peaceful 'reunification' with Taiwan being 'eroded', China says.  China has sold $102bn in UST securities over the past 12mos and bought a large amount of Gold (still got 700bn)

• U.S PCE, April core was as expected, no major surprises, kex going forward is moderating wage growth

• SNB : The natural rate of interest (r*) as a reference point for monetary policy - a practitioner's view

• Russia-China pipeline deal stalls

• Don't expect policy change, French PM says after debt downgrade. French far right has big lead over Macron ally ahead of EU vote: poll

• Key Engines of US Consumer Spending Are Losing Steam All at Once - most definitely a must monitor over the summer scenario..
  

---

Israel-Gaza war live: Blinken urges Israel and Hamas to take ceasefire deal as fresh strikes reported in Rafah (msn.com)

Modi's alliance to win big in India election, exit polls project (msn.com)

The ANC’s total supremacy in South Africa is over. Now a healthier future can begin | Alexis Akwagyiram | The Guardian

Claudia Sheinbaum elected Mexico's first woman president - BBC News

All politics is local: What the EU election is actually about in each country – POLITICO

China factory activity growth hits 2-year high, private survey shows | The Straits Times

Prospect of peaceful 'reunification' with Taiwan being 'eroded', China says (msn.com)

China’s Tourists to Spend Nearly $1 Trillion on Holidays at Home - Bloomberg

Russia-China pipeline deal stalls (ft.com)

French far right has big lead over Macron ally ahead of EU vote: poll (msn.com)

Javier Blas on X: "OPEC+ MEETING: Another complex fudge. It extends the voluntary layer of the production cuts until 3Q 2024. After that, they can be gradually eased. It extends the official layer of the cuts until end-2025, but with revised baseline levels. Big win (again) for UAE 1/4" / X

Key Engines of US Consumer Spending Are Losing Steam All at Once (yahoo.com)

Don't expect policy change, French PM says after debt downgrade | Reuters

OPEC nations agree to extend oil production cuts (yahoo.com)

Why 10 Pricey Foods Are Even More Expensive Because of Climate Change - Business Insider

Dell's profit, margin hurt by higher AI costs, shares slump (yahoo.com)

Nvidia rewrites the laws of growth – The Irish Times World Leader in Artificial Intelligence Computing | NVIDIA video

Boeing Will Need Years for Turnaround, Emirates’ Clark Predicts - Bloomberg

Japan’s $62bn support for yen provides little reprieve (ft.com)

Got to follow up with rate hikes..or else

The natural rate of interest (r*) as a reference point for monetary policy - a practitioner's view (snb.ch)

What Donald Trump Can No Longer Do as a Convicted Felon - Newsweek

'Civil War' Warning Issued by MAGA After Donald Trump Guilty Verdict - Newsweek

What to know about Anthony Fauci's fiery hearing with House GOP (thehill.com)

WTI crude, been super rangy, few calls for 75$ area to be tested