New York Session Heads Up May 13 2022
- Fed’s Powell Reiterates Half-Point Hikes Are Likely In June And July
- Fed’s Daly: Strong Economy Can Tolerate 50-Basis-Point Hikes
- ECB’s De Guindos: Does Not See Recession In Eurozone
- ECB’s Centeno: APP To End In Q3, Rate Hike ‘Some Time After’
- EU: Talks With Iran “Positive Enough” To Reopen Nuclear Negotiations
- Sweden Edges Closer To NATO After Key Parliamentary Report
- Eurozone March Industrial Production -1.8% Vs -2.0% (M/M) Expected
- China’s Money Supply Expanded As PBoC Unleashed More Liquidity
- Euro Falls Back Towards 2017 Lows On Russian Energy Crisis
- Oil Rises But Set For Weekly Drop Amid Fears Of Weaker Demand
- European Stocks Climb As Global Markets Look For Rebound
- Musk Deal For Twitter On Hold; Shares Slump ~16% In Premarket
- Shanghai Aims To Achieve No Community Spread By Mid-May
- Rate Hike Bets Build In Japan, Despite BoJ Easy Money Insistence
- BoJ’s Kuroda: Expected Rise In Inflation Will Lack Sustainability
- Kuroda Rules Out Near-Term Chance Of Tweaking BoJ’s Dovish Guidance
- Australian DefMin: Chinese Spy Ship In Waters ‘An Act Of Aggression’
- Fed’s Powell Can’t Guarantee ‘Soft Landing’ As Fed Looks To Control Inflation
- Fed’s Daly: No Reason To Alter Course For 50 Bps At Next 2 Meetings
- Fed Chair Jerome Powell Has Been Confirmed For Second Term
- Ukraine Aid Delayed After GOP Senator Rand Paul Objects To Vote
- BoC’s Gravelle: Bank Of Canada’s 1% Policy Rate ‘Too Stimulative’
- US Team Flies To UK Amid Fears Over Northern Ireland Deal
- Market Nerves Prop Up Safe-Haven Dollar And Japanese Yen
- Oil Climbs Even As Weaker Demand Concerns Cap Gains
- EU Starts Considering Delay In Oil Sanctions As Hungary Digs In
- Asia Shares Rise As Fed Chief Again Pushes Back On Bigger Rate Hikes
- Musk Seeks To Scrap Tesla Margin Loan With New Twitter Funding
Economic Data
- Eurozone Industrial Production SA (M/M) Mar: -1.8% (est -2.0%; prev 0.7%; prevR 0.5%)
- UK Unit Labour Costs (Y/Y) Q4: 1.5% (prev 3.1%)
- French CPI (M/M) Apr F: 0.4% (est 0.4%; prev 0.4%)
- French CPI EU Harmonised (M/M) Apr F: 0.5% (est 0.5%; prev 0.5%)
- French Wages (Q/Q) Q1 P: 1.1% (est 0.9%; prev 0.5%)
- Spanish CPI (M/M) Apr F: -0.2% (est -0.1%; prev -0.1%)
- Spanish CPI EU Harmonised (M/M) Apr F: -0.3% (est -0.2%; prev -0.2%)
- Spanish CPI Core (M/M) Apr: 1.8% (prev 0.8%)
- Norwegian GDP (Q/Q) Q1: -1.0% (prev 0.1%)
- Norwegian GDP Mainland (Q/Q) Q1: -0.6% (est -0.6%; prev 1.4%)
- Japan Money Stock M2 (Y/Y) Apr: 3.6% (est 3.4%; prev 3.5%)
- New Zealand BusinessNZ Manufacturing PMI Apr: 51.2 (prev 53.8; prevR 53.7)
Ukraine War
- UK’s Truss: Need To Supply More Weapons To Ukraine To Pressure Russia – BBG
- Senator Rand Paul Single-Handedly Holds Up $40bn US Aid For Ukraine – Guardian
- EU Borrell: EU To Provide New 500 Million Euro Military Aid To Ukraine – RTRS
- Baltic States Hail Finland And Sweden’s Expected NATO Accession – FT
- Sweden Edges Closer To NATO After Key Parliamentary Report – BBG
CRYPTO NEWS
- Terraform Again Halts Blockchain Behind UST Stablecoin, Luna – BBG
- Cryptocurrency Luna Crashes To $0 As UST Falls Further From Dollar Peg – CNBC
- Bitcoin Set For Record Losing Streak As ‘Stablecoin’ Collapse Crushes Crypto – RTRS
- Coinbase Customers Sue Over Stablecoin That Was ‘Anything But’ – BBG
- How Crypto Bear Markets Work – Axios
- How More Than $1 Trillion Of Crypto Vanished In Just Six Months – WSJ
- Bitcoin Eyes Record Losing Streak As ‘Stablecoin’ Collapse Crushes Crypto – RTRS
- Nomura Offers Its First Bitcoin Derivatives, Just As Crypto Markets Tumble – RTRS
- Tether Takes Victory Lap After Stablecoin Regains Peg – BBG
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