PBOC sets Yuan reference rate at 6.3140 vs. 6.3167 yesterday
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- WSJ: Trump to scrap landmark climate finding in sweeping regulatory rollback
- China's onshore yuan, CNY, hits its highest since 10 May 2023
- Japan pushes fast budget passage as food tax cuts, funding debated
- Vitol lifts long-term oil demand outlook, sees peak delayed to mid-2030s
- Japan stocks hit fresh record highs again today as earnings and Takaichi trade fuel rally
- South Korea to screen US investment projects ahead of key trade bill
The Trump administration plans to repeal the 2009 endangerment finding underpinning US climate rules, scrapping vehicle emissions requirements. Fossil fuels and traditional autos stand to benefit, clean energy and EV sectors face new uncertainty.
China's onshore yuan, CNY, hits its highest since 10 May 2023 China is stepping into the void left by Trump
Japan pushes fast budget passage as food tax cuts, funding debated
Memory prices surge 90%+! Expect another 20% hike as AI drives demand. Laptops face price hikes.
Amazon's $200B CapEx sparks selloff, but investors see AI-driven rebound potential & strong AWS growth.
Lean hog futures dipped, but pork cutout value rose $2.06. Hog slaughter is up, impacting prices.
Live cattle futures rise 45 cents to $1.55; feeder cattle up 70 cents. Beef TRQ hike adds risk.
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