Greetings,
The United States: The implied terminal rate is back above 5.25% as the FOMC appears divided on future interest rate hikes.
Housing inventories have been tightening across price tiers.
Equities: Nvidia shares surged on expected AI chip demand
The United Kingdom: Given higher-than-expected inflation, the BoE is pressured to keep raising rates.
China: The Shanghai Shenzhen CSI 300 Index is now in the red year-to-date.
Commodities: Copper futures are testing the uptrend support.
Food for Thought: Here are views on prohibiting tobacco or menthol cigarettes:
Edited by William Villacis
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