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United States: New home sales surged in March, topping economists’ forecasts.
The southern US drove the spike in sales, while activity declined in the West.
China: US listings by Chinese companies increased sharply this year.
Emerging Markets: In Russia, the central bank hiked rates by 50 bps in response to rising inflation (the market expected 25 bps).
Commodities: The rally in industrial commodities continues.
US copper futures:
Steel futures in China:
Equities: US economic strength relative to the rest of the world has boosted domestic-focused cyclical companies vs. those that sell internationally.
Food For Thought: US daily vaccinations:
Edited by Daniel Moskovits
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