New York Session Heads Up May 03 2022

New York Session Heads Up May 03 2022

• UK: Putin Has ‘Significantly Weakened’ Russia’s Forces
• US Supreme Court ‘Votes To Overturn Abortion Rights In Constitutional Earthquake’
• German Unemployment Drops Least In Year As War Weighs On Economy
• Bank Of England Poised To Hike Interest Rates To 13-Year High
• Italian PM Draghi: Continue Supporting Sanctions Against Russia
• Australia Hikes Its Interest Rate For The First Time In More Than A Decade
• German 10-Year Bond Yields Hits 1% For The First Time Since June 2015
• Oil Retreats As China Lockdown Couther Russian Output Risk
• European Stocks Give Up Gains As Attention Turns To Fed Policy
• Fitch Trims China’s 2022 Growth Forecast On Virus Lockdowns
• RBA Lifts Rates By 25bps, Just Weeks Out From Election
• Australia’s Weekly Consumer Confidence Tumbles Amid Rate Jitters
• New Zealand Government Raises Debt Ceiling, Sets Surplus Limit
• USTR Tai: All Tools On Table To Beat Inflation, Tariffs Not Top Of List
• Italy Approves €14Bln Of Stimulus Measures As Growth Outlook Weakens
• US Dollar Approaches 20-Year Highs With The Fed Meeting In Focus
• Treasury 30-Year Yield Climbs Past 3% Ahead Of Fed Rate Decision
• US Tsy: Q2 Borrowing F’cast Assumes End-Of-June Cash Balance Of $800Bln
• Oil Holds Above $105 As Demand For Fuels Offsets China Lockdown
• EPA Sends Biofuel Blending Mandate Rule To White House For Final Review
• EU Plans To Issue Detailed Guidance On Russia’s Rubles-For-Gas Demand
• Germany Warns EU To Expect Economic Cost From Russian Oil Embargo
• Alibaba Recovers After Report On ‘Ma’ Briefly Erased $26 Billion
• Citi’s London Trading Desk Behind European ‘Flash Crash’

Economic Data

• Eurozone PPI (M/M) Mar: 5.3% (est 5.0%; prev 1.1%)
• Eurozone Unemployment Rate Mar: 6.8% (est 6.8%; prev 6.8%)
• German Unemployment Claims Rate SA Apr: 5.0% (est 5.0%; prev 5.0%)
• German Unemployment Change Apr: -13.0K (est -15.0K; prev -18.0K)
• UK S&P Global/CIPS Manufacturing PMI Apr F: 55.8 (est 55.3; prev 55.2)
• Australia ANZ Roy Morgan Weekly Consumer Conf Index: 90.7 (prev 96.5)
• NZ Building Permits (M/M) Mar: 5.8% (prev 12.2%)
• South Korea CPI (M/M) Apr: 0.7% (est 0.4%; prev 0.7%)

 

Ukraine War

• UK Sends £300M In Military Aid As PM Set To Praise Country’s ‘Finest Hour’ – Sky News
• EU Prepares Fresh Russia Sanctions – Guardian
• US Relieved As China Appears To Heed Warnings On Russia – RTRS
• France’s Macron To Speak With Russia’s Putin On Tuesday – RTRS

 

Crypto

• Coinbase CEO Predicts One Billion Crypto Users Within A Decade – BBG
• Venture Capitalists Catch Crypto Fever – RTRS
• Why You Should Be Bullish On Ethereum Price Now – FXStreet
• SEC To Hire More Crypto Cops To Fight Digital Frauds – WSJ
• Coinbase CEO Predicts One Billion Crypto Users Within A Decade – BBG