Markets
$QQQ Nasdaq closes 1% higher Wednesday after inflation data is cooler than anticipated: Live updateshttps://t.co/NjUhFYvG0A
— Top Stock Alerts (@TopStockAlerts1) May 10, 2023
Economic Indicators and Prospects
*CPI Debrief
🇺🇸 #Fed #Inflation | On a YoY basis, Shelter CPI probably reached a top in March. pic.twitter.com/1rcJO17gvj
— Christophe Barraud🛢🐳 (@C_Barraud) May 10, 2023
🇺🇸 #Fed | US #Inflation Moderates In April Giving The Federal Reserve Some Room To Make A Pausehttps://t.co/TOADeOPRXp
— Christophe Barraud🛢🐳 (@C_Barraud) May 10, 2023
🇺🇸 Statement from Press Secretary Karine Jean-Pierre on April CPI Report https://t.co/0aXifReqX7
— Christophe Barraud🛢🐳 (@C_Barraud) May 10, 2023
Housing
MBA: Mortgage Applications Increased in Weekly Surveyhttps://t.co/P46nfH9NdJ
— Bill McBride (@calculatedrisk) May 10, 2023
Monetary Policy
Richmond Fed's Tom Barkin was not particularly impressed by today's inflation report.
— Chris Rugaber (@ChrisRugaber) May 10, 2023
Core inflation is stuck in range of 0.3%-0.5%, he said in an AP interview, "where you’d really like it to be moving down and in concert with our target." https://t.co/87JnPDAxNM
Fiscal Policy
🇺🇸 US debt ceiling impasse pushes government credit default swaps to record high – Bloomberg TV Chart pic.twitter.com/naSoqlk5IM
— Christophe Barraud🛢🐳 (@C_Barraud) May 11, 2023
The U.S. government's interest expense is now an annualized $928.9 billion. pic.twitter.com/HHc5kgLTDl
— Jeff Weniger (@JeffWeniger) May 10, 2023
Biden Dials Up Pressure: ‘World Is in Trouble’ If We Default https://t.co/127QAIFxCO
— Light Bryant (@lightbryantZZ) May 10, 2023
Trade, Politics and Geopolitics
Bannon on CNN and Trump:
— Steve Bannon (News) (@BannonSteveNews) May 10, 2023
They are ‘re-platforming’
President Trump to take viewers from Fox after Tucker fired… https://t.co/A5CP7rtDPL
US ‘De-Risking’ From China Is Just Economic Decoupling By Another Name – SCMPhttps://t.co/Hmt4gfxlTe
— LiveSquawk (@LiveSquawk) May 11, 2023
US should restrict Chinese access to sensitive technologies, but without jeopardizing economic opportunities, the US Chamber of Commerce chief says https://t.co/lye61yX8vH
— Bloomberg (@business) May 10, 2023
Markets
China Bonds Rally As Bank Deposit-Rate Cuts Fuel Easing Bets – BBGhttps://t.co/VPpTvgABT9
— LiveSquawk (@LiveSquawk) May 11, 2023
HK Dollar overnight HIBOR climbs 36 bps to the highest since 2007. 🇭🇰 $HKDUSD pic.twitter.com/QJfpQmaVYK
— CN Wire (@Sino_Market) May 11, 2023
Hong Kong Overnight Funding Costs Surge To Highest Since 2007 – BBGhttps://t.co/SgMrc3crTN
— LiveSquawk (@LiveSquawk) May 11, 2023
Economic Indicators and Prospects
🇨🇳 #China Core CPI inflation (excluding food and energy) remained at 0.7% year on year. That gauge has stayed at or below 1% for 13th consecutive months —underlining weak price pressures pic.twitter.com/0LCgfiMJ6w
— Christophe Barraud🛢🐳 (@C_Barraud) May 11, 2023
🇨🇳 #CHINA APRIL M2 MONEY SUPPLY RISES 12.4% Y/Y; EST. 12.5% – BBG
— Christophe Barraud🛢🐳 (@C_Barraud) May 11, 2023
*China’s April New Loans 718.8B Yuan; Est. 1.4T Yuan
Monetary Policy
🇨🇳 #PBOC May Require More Stimulus as Chinese CPI Rises at Slowest Pace in Over Two Yearshttps://t.co/cTbtZJRlOl
— Christophe Barraud🛢🐳 (@C_Barraud) May 11, 2023
China Bonds Rally As Bank Deposit-Rate Cuts Fuel Easing Bets – BBGhttps://t.co/VPpTvgABT9
— LiveSquawk (@LiveSquawk) May 11, 2023
Ueda’s BoJ Subtly Changes English Translation In New Era Signal – BBGhttps://t.co/3XmJAMPjRm
— LiveSquawk (@LiveSquawk) May 11, 2023
Trade, Politics and Geopolitics
Seat predictions from several academics in this Bangkok Post article.
— Ken Mathis Lohatepanont (@kenlwrites) May 11, 2023
Huge ranges. Pheu Thai mostly in the 200-220 range, predictions for MFP anywhere from 60 to 150, UTN 25-38, Bhumjaithai 30-70, Dems 30-50, PPRP 20-50.
Bottom line: it's wide openhttps://t.co/JJP0QNluai
Thailand holds an election on May 14 after nearly a decade of a government led or backed by its royalist military after a coup in 2014. https://t.co/5dcC9we0wn
— Intl. Business Times (@IBTimes) May 11, 2023
President Xi Jinping is urging state-owned enterprises and financial institutions to relocate to a dazzling high-tech hub neighboring Beijing https://t.co/yFRFTWRkRM
— Bloomberg (@business) May 11, 2023
Economic Indicators and Prospects
🇵🇹 BANK OF #PORTUGAL: RISK BALANCE SUGGESTS POSSIBLE DOWNWARD REVISIONS OF ECONOMIC GROWTH – RTRS
— Christophe Barraud🛢🐳 (@C_Barraud) May 10, 2023
*BANK OF PORTUGAL: MAIN RISKS ARE ECB'S MONETARY POLICY, FRICTIONS IN GLOBAL FINANCIAL MARKETS, GEOPOLITICS
UK's Sunak May Fall Short On 2023 Inflation Goal, NIESR Forecasts – RTRShttps://t.co/RFx2mFEPfP
— LiveSquawk (@LiveSquawk) May 10, 2023
🇪🇺 #ECB Consumer Expectations Survey results – March 2023https://t.co/bzsk5Q2SP8
— Christophe Barraud🛢🐳 (@C_Barraud) May 11, 2023
Monetary Policy
🇪🇺 #ECB officials are starting to accept that interest-rate increases might need to continue in September to bring inflation fully under control, according to people familiar with the debate – Bloomberg
— Christophe Barraud🛢🐳 (@C_Barraud) May 10, 2023
*That would mean a possible third move when officials reconvene on Sept. 14,…
ECB’s Nagel: Don't Think Germany Had Winter Recession Recent Numbers Not Good, But Not A Recession Expect Maybe A Tiny Plus For German GDP For Rest Of Year
— LiveSquawk (@LiveSquawk) May 11, 2023
BoE Set To Crown Hiking Campaign With One More Rate Rise – LiveSquawk https://t.co/4OQqn2sASE
— LiveSquawk (@LiveSquawk) May 11, 2023
The Swiss National Bank’s interest-rate moves haven’t yet fully tamed inflation, according to President Thomas Jordan https://t.co/bMq4osWVnQ
— Bloomberg (@business) May 10, 2023
Trade, Supply Chain and Geopolitics
Italy To Hold Talks With China About Exiting Belt And Road Initiative – FThttps://t.co/bgaXeAyolQ
— LiveSquawk (@LiveSquawk) May 11, 2023
Ukraine Says It Routs Russian Brigade, Kremlin Acknowledges 'Very Difficult' Campaign – RTRShttps://t.co/NUEtZKogVa
— LiveSquawk (@LiveSquawk) May 11, 2023
⚠ #WeekAhead: Week 19 (2023) ⚠
— Christophe Barraud🛢🐳 (@C_Barraud) May 8, 2023
🇺🇸 U.S. CPI
🇺🇸 🇨🇦 U.S. and #Canada Senior Loan Officer Opinion Surveys
🇺🇸 Debt Ceiling Discussions
🇬🇧 #BOE Meeting
🇨🇳 #China CPI & PPI
…https://t.co/DWfeT1Wd2W