New York Session Heads Up May 04 2022
- Fed Expected To Deploy Fist Half-Point Rate Rise Since 2000
- EU Unveils Plan To Ban Russian Oil Imports In New Sanctions
- EU To Remove Sberbank, Two Other Russian Banks From SWIFT
- German Exports To Russia Sink To Two-Decade Low After Invasion
- Global Government Bonds Drop As Traders Prepare For Fed Rate Rise
- Dollar Just Off 20-Year Highs, Rally Hinges On Fed Signals
- War Forces Europe To Keep Long-Term Gas Deals It Once Resisted
- Stock Futures Nudge Higher Ahead Of Fed’s Big Rate Decision
- Shanghai Lockdown Reignites Supply-Chain Problems For US Companies
- India’s Central bank Raises Key Rate By 40 Bps In Surprise Hike
- Shanghai Lockdown Exit Delayed By Stubborn Community Spread
- Australia Retail Sales Hit Record, Underlining Economic Momentum
- Goldman Sachs Forecast The RBA Cash Rate At 2.6% By The End Of 2022
- RBNZ Gov Orr: Cannot Rule Out A Global Recession In Coming Months
- RBNZ Says Sharp Housing Correction ‘Plausible’ As Rates Rise
- New Zealand Jobless Rate Holds Record Low As Wages Gain
- ECB Director Schnabel Believes A Rate Hike In July Is Possible
- EU To Unveil Plan To Replace Two-Thirds Of Russian Gas This Year
- EU’s Borrell: New Russia Sanctions To Hit Oil, Cut More Banks From SWIFT
- BRC: Shop Prices In Britain Rise, Fastest Rate Since 2011, Worse To Come
- Aussie Retail Sales Surprises To The Upside And Supports AUD/USD
- US Junk Bonds Drop To Lowest In Over Two Years Ahead Of Fed Meeting
- Oil Climbs As Investors Weigh Inventory Estimates, China’s Curbs
- China’s Independent Refiners Start Buying Russian Oil At Steep Discounts
- Chinese Tech Stocks Slide As SEC Probe Didi, US Equity Futures Waver
Economic Data
- Eurozone Retail Sales (M/M) Mar: -0.4% (est -0.3%; prev 0.3%; prevR 0.4%)
- Eurozone S&P Global Services PMI Apr F: 57.7 (est 57.7; prev 57.7)
- UK Mortgage Approvals Mar: 70.7K (est 70.0K; prev 71.0K)
- UK Net Consumer Credit Mar: £1.3Bln (est £1.3Bln; prev £1.9Bln; prevR £1.6Bln)
- German S&P Global Services PMI Apr F: 57.6 (est 57.9; prev 57.9)
- German Trade Balance (EUR) Mar: 9.7Bln (est 10.0Bln; prev 11.4Bln; prevR 11.0Bln)
- German Exports SA (M/M) Mar: -3.3% (est -2.1%; prev 6.4%)
- France S&P Global Services PMI Apr F: 58.9 (est 58.8; prev 58.8)
- Spanish S&P Global Services PMI Apr: 57.1 (est 55.9; prev 53.4)
- Italian S&P Global Services PMI Apr: 55.7 (est 54.5; prev 52.1)
- Russia S&P Global Manufacturing PMI Apr: 48.2 (est 41.5; prev 44.1)
Ukraine War
- Russian Missile Strikes Target Ukrainian Railway Network – FT
- EU To Lay Out New Sanctions On Russia, Targeting Oil Imports – RTRS
- EU To Remove Sberbank, Two Other Russian Banks From SWIFT – RTRS
- EU’s Von Der Leyen: EU To Ban Three Russian State-Owned Broadcasters – RTRS
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