China, Japan & Korea to collectively respond to Trump's tariffs / ECB pause / Q1 headlines / Le Pen / Crude up
- Stéphan
- 2 days ago
- 4 min read
Bessent said Liberation day celebrations will begin at 3PM Wednesday
The People's Republic of China, Japan, and Korea have reached an agreement to collectively respond to Trump's tariffs >>> Trump’s relentless attacks on U.S's allies will only isolate America & strengthen China, Europe, and next Latams next ? >>> When Japan and South Korea key US allies decide to collaborate with the principal US adversary China for counter tariffs you should know your foreign policy decisions are poor
ECB officials are wavering on whether to cut rates in April or pause due to US trade policies and Europe’s military spending. Traders reduced bets for an April easing to 65% from 85%
Where’s the gold? Germany’s conservatives sound the alarm over reserves in the US
Germany keeps over €100 billion worth of gold reserves in the New York FED
“𝘈 𝘭𝘰𝘵 𝘰𝘧 𝘱𝘦𝘰𝘱𝘭𝘦 𝘢𝘳𝘦 𝘣𝘦𝘨𝘪𝘯𝘯𝘪𝘯𝘨 𝘵𝘰 𝘥𝘰𝘶𝘣𝘵 𝘵𝘩𝘦𝘳𝘦 𝘸𝘪𝘭𝘭 𝘣𝘦 𝘮𝘪𝘥𝘵𝘦𝘳𝘮 𝘦𝘭𝘦𝘤𝘵𝘪𝘰𝘯𝘴.” Will Trump ‘declare a national emergency’ to get out of holding midterm elections next year?
Q1 2025 : few headlines : S&P 500 suffers largest quarterly underperformance relative to the rest of the world in 37 years, Gold soars more than 19% this quarter, the largest quarterly gain since 1986, Mag 7 drawdowns from the highs: Apple -11% Microsoft -11% AMZN -20% META 3% Google -18% Nvidia -20% and Tesla nearly -50% >>> end of U.S exceptionalism (competition caught up with them in few places) as discussed since DeepSeek moment!
BlackRock $BLK CEO Larry Fink says that almost everyone he talks to is more anxious about the economy that at any time in recent memory, in his annual letter to shareholders: “The dollar is at risk of losing its reserve status to Bitcoin.”
Few months ago, with stocks on ATH's, GS lowered odds of US recession to 15% after better-than-expected jobs report, now stocks down, GS raised its 12-month recession probability from 20% to 35%..
CNOOC Discovers Significant New Oil and Gas Reservoir in South China Sea, the timing of this discovery is not a coincidence ..The Saudi balance of payments for Q4 2024 is out, they ran a current account deficit in 2024 -- reminder that they need $85+ in crude prices to breakeven
Le Pen has been sentenced to 4 years of imprisonment (2 years suspended, 2 years with an electronic bracelet) and an immediate 5-year disqualification from electoral rights, irrespective of views, this does not seem right to me
Friedrich Merz's government will pressure the Orban regime through the European Union to suspend Hungary's EU funding and take away its voting rights due to violations of key EU principles — Politico
Between now and 2028, the Fed has to refinance $21 trillion!
Bank of England to hike FSCS protection from £85,000 to £110,000
Taiwan says it has detected 19 Chinese warships and the Shandong aircraft carrier group around its island
Unchanged and not that dovish overall
Trump managed to unify Europe and now Asia..
T-day — or Tariff Day — is coming this week. Or not. We simply won’t know until it’s here, given that President Donald Trump changes his mind about policy daily. But assuming reciprocal tariffs do go into effect, it’s worth thinking about them as Trump himself probably does.
Big news, and I doubt timing of this announcement is a coincidence !
Nationalise it ! it's a strategic asset long-term, no brainer!!
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