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Slower China Factory Activity Growth Challenges Economic Recovery ProspectsMar 31, 2023 - 05:44:51 PDT
China's manufacturing activity expanded at a slower pace in March, official data showed on Friday, raising doubts about the strength of a post-COVID factory recovery amid weaker global demand and a property market downturn.
Global mergers and acquisitions (M&A) activity shrank to its lowest level in more than a decade in the first quarter of 2023, as rising interest rates, high inflation and fears of a recession soured the appetite of companies for dealmaking.
The Bank of Japan (BOJ) on Friday raised the maximum size of its planned Japanese government bond (JGB) purchases for all maturities over the next three months, doubling down on efforts to defend its ultra-loose policy. The BOJ said it would offer to buy between 475 billion yen and 875 billion yen ($3.57 billion-$6.57 billion) of 5-year to 10-year bonds, raising the top end of the range...
The International Monetary Fund is calling on its wealthier member nations to contribute to a trust for the poorest countries that is short billions of dollars at a time of rising demand from economies in debt distress.
Banks reduced their borrowings from two Federal Reserve backstop lending facilities in the most recent week, a sign that liquidity demand may be stabilizing.
Federal Reserve officials continued to stress the need to lower inflation even as they keep an eye on the fallout from the collapse of Silicon Valley Bank earlier this month.
The International Monetary Fund said the Bank of Japan should avoid a premature exit from monetary easing and outline conditions for raising its negative interest rate in order to improve its communication.
Underlying inflation in the euro area hit a record in March, handing ammunition to European Central Bank officials who say interest-rate increases aren’t over yet.
Investors are seeking protection for inflation that’s poised to stay higher for longer because they expect the Federal Reserve will abandon its fight for price stability prematurely to support the financial sector.
Global credit investors are jumping back into bank bonds following a sector-wide rout — though concerns about additional tier 1 debt remain.
After the most tumultuous month since the 2008 financial crisis, banks are finding themselves in an impossible position.
Slowing growth and relentless inflationary pressures mean there will be a big divide between winners and losers this earnings season, according to a deputy chief investment officer at BlackRock Inc.
Federal Reserve Bank of Minneapolis President Neel Kashkari said it was premature to judge what impact the collapse of Silicon Valley Bank will have on the economy, but the Fed also needs to focus on lowering inflation.
From a red-hot January as China cast off COVID curbs to February's flop when interest rates surged and now a manic March of banking blow-ups - financial markets have had an action-packed start to the year even by recent standards.
Gold has been seeing a large number of contracts roll in the final day of the contract. That did not happen this month. This has resulted in a large delivery volume.
By now it should be common knowledge that the Fed has blown up its balance sheet rather quickly to combat the current banking crisis. As the chart below illustrates, the Fed added a gargantuan sum to its balance sheet in March, netting an increase of $324B.
The Federal Reserve has added nearly $400 billion to its balance sheet in just two weeks while simultaneously claiming to still be in the inflation fight. While things seemed pretty quiet this week after the bank bailout, Friday Gold Wrap host Mike Maharrey says it's only a matter of time before the next shoe drops. What will that be? In this episode, he talks about one possibility. He also talks about some interesting demand news in the silver market.
PEAK U.S. FUEL CONSUMPTION? Has The U.S. Already Peaked In Fuel Consumption & One MUST SEE ChartMarch 31, 2023
Has the U.S. Peaked in Fuel Consumption? If so, that signifies the Peak of the U.S. Empire & Economy. Also, there is a Must-See chart that shows the negative impact oil prices have on Americans' demand for driving and flying. And, with rising energy prices in the future, this doesn't bode well for the American Suburban Economy...
For the third day in a row (ahead of tomorrow's month- and quarter-end and the big PCE print), bonds 'rested' while stocks went wild (this time up... and then back down). Gold rallied as the dollar and bitcoin sold off.
Mar 30, 2023 - 13:05:47 PDT
Silver has been on investors’ radars for some time now, as the price of the precious metal has been showing signs of breaking out of a secular trendline that has been in place for nearly 3 years. The green thick line on the chart below represents this trendline, and as we can see, silver has struggled to clear it since July of 2020. In line with our most recent silver forecast, we believe the time has come for silver to stage a secular breakout.