New York Session Heads Up May 11 2022
- Economists Estimate Rapid Pace Of US Inflation Eased In April
- US Mortgage Refinancing Activity Falls Off A Cliff As Rates Rise
- ECB’s Lagarde Signals July Rate Rise To Tackle Persistent Inflation
- ECB’s De Guindos: Inflation To Remain At 4%-5% At The End Of Year
- ECB’s Muller: Could Outline Rate Hike Plan For Coming Months In June
- ECB’s Elderson: ECB Can Start Considering Rate Hikes In July
- ECB’s Nagel: German Inflation To Come In Close To 7% This Year
- EU Ready To Suspend UK Trade Deal If Johnson Revokes NI Protocol
- Hungary: EU’s Russia Oil Embargo Should Exempt Pipeline Shipments
- Oil Climbs Above $101 As China’s Virus Cases Ease Before US Data
- 10-Year Treasury Yield Falls To 2.93% Ahead Of Key Inflation Data
- European Equity Markets Rally; US Futures Point To Higher Open
- China Inflation Exceeds Forecasts As Lockdowns Roil Supplies
- Australia Consumer Sentiment Dives As Rates, Inflation Rise
- BNZ: Risk Of New Zealand Recession `Rising By The Day’
- NZ Government Brings Forward Full Border Opening To End Of July
- Fed’s Bostic: The US GDP Will Increase By 2.6% This Year
- Fed’s Mester: Will Need “Compelling” Drop Of Inflation To Slow Rate Hikes
- Fed’s Waller: Inflation Is Too High, Job Market Out Of Whack
- US House Passes $40B Ukraine Aid Package; Sends It To Senate
- ECB’s Villeroy: Governments Must Tackle Debt As Rates Rise
- ECB’s De Guindos: ECB To Normalize Sooner Rather Than Later
- EU’s Sefcovic: Renegotiation Of N.I Protocol Is Not An Option
- UK To Enter Recession This Year, Think-Tank NIESR Forecasts
- Goldman Says Yen Shows Significant Value As A Recession Hedge
- Dollar Down But Near Two-Decade High Ahead Of US CPI
- Oil Turns Higher On Looming EU Ban On Russian Oil
- EU Considers Looser Green Standards While Replacing RU Oil
- UAE, Saudi Energy Ministers Hit Back At ‘NOPEC’ Bill
- Asian Shares Inch Up From Near Two-Year Lows Ahead Of US CPI
- Occidental Posts Record Profit, Free Cash Flow As Oil Soars
Economic Data
- German CPI (M/M) Apr F: 0.8% (est 0.8%; prev 0.8%)
- German CPI EU Harmonised (M/M) Apr F: 0.7% (est 0.7%; prev 0.7%)
- China CPI (Y/Y) Apr: 2.1% (est 1.8%; prev 1.5%)
- China PPI (Y/Y) Apr: 8.0% (est 7.7%; prev 8.3%)
- Japan Foreign Reserves (USD) Apr: 1.322T (prev $1.356T)
- Australia Westpac Consumer Conf SA (M/M) May: -5.6% (est -0.9%)
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US CPI (M/M) Apr: 0.3% (est 0.2%; prev 1.2%)
- US CPI Ex Food And Energy (M/M) Apr: 0.6% (est 0.4%; prev 0.3%)
- US CPI (Y/Y) Apr: 8.3% (est 8.1%; prev 8.5%)
- US CPI Ex Food And Energy (Y/Y) Apr: 6.2% (est 6.0%; prev 6.5%)
Ukraine War
- Zelenskiy: Ukraine Forces Pushing Back Russia Troops In Kharkiv – Guardian
- US Intelligence: Putin Preparing For Long Haul – BBC News
- House Approves $40 Billion Ukraine Aid Bill, Sends To Senate – BBG
- EU Plans To Help Ukraine’s Food Exports Dodge Black Sea Blockade – Politico
CRYPTO NEWS
- TerraUSD Stablecoin Plunges As Crypto Market Awaits Rescue – BBG
- Does The Cryptocurrency Crash Pose A Threat To The Financial System? – RTRS
- Bitcoin Holds Rebound As Crypto World Awaits Stablecoin Rescue – BBG
- UK Money Manager Fasanara Raising New Crypto And Fintech Fund – BBG
- Coinbase CEO: New Disclosure Does Not Mean Firm Faces Bankruptcy Risk – RTRS