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UK-India, EU-China deal, EU 'scientist package', U.S & China in GVA / PBOC cut / PK-IND tensions / FOMC next

  • Writer: Stéphan
    Stéphan
  • May 7
  • 5 min read



  • Markets : time for deals, agree to talk, de-escalation talks ?... Mark Carney tell Trump how it is (whoops), Pakistan-India tensions though, UK-India trade deal done, UK and U.S trade deal ion the making, China and the European Parliament have agreed to simultaneously and comprehensively lift restrictions on mutual exchanges >>>Trump is bringing Eurasia together..and finally U.S will meet China in Geneva this weekend - Ice breaker talks >>> decent spike HSI, SPX, no follow through, yet anyway, market always thought tariffs would narrow, de-escalation in CH, tariffs talks an ongoing process, VdL 'scientist deal' in place...(pretty key long-term), Merz in on 2nd round

  • Powell will try to remain as 'neutral' as possible tonight, data mixed to still solid (NFP)

  • Officials in Pakistan report that the Pakistani Armed Forces has launched a retaliatory attack against India, in response to missile strikes tonight against several targets in Pakistan

  • Back in 1999, the dollar made up 71% of global currency reserves and gold was at $255. Today, the dollar's share reduced to 58% and gold is at $3300 (end of April), listen to Buffet : ''The US Dollar is Done !...''..It’s a good idea to be out of a currency that is going to “hell”, pretty strong words there !!

  • China says the "US has long been using all kinds of despicable methods to steal other countries' secrets, interfere in their internal affairs and commit subversion."

  • At Sorbonne University in Paris, Emmanuel Macron & Ursula von der Leyen announced: • €500M specifically targeting American scientists • Higher grants + longer contracts for researchers • Fast-tracked immigration for top talent The message was crystal clear

  • The UK-India trade deal means Indian workers temporarily in the UK will be exempt from paying National Insurance for three years, UK also close to trade deal with U.S

  • Summary of the last 5 days in #gold: US paper traders shorted gold while China was on holiday. Chinese traders bought physical gold upon returning from holiday. Lost amidst the noise: China increasingly controls global gold prices, which has major implications for FX over time

  • U.S-Japan trade deal : Strong words from Akazawa: "We have been telling them that the entire series of tariffs are regrettable and have strongly insisted they be revised. Unless this demand is acknowledged in an ultimate package, there is no way we can agree to a deal."

  • “Tariffs are the largest tax hike since the 1960s, so you can probably take 2-3% off growth. And you will probably hit new lows.” - Paul Tudor Jones,

  • CAUTION: If term premium rises to 1.5% (50-year avg), 10-year yields would go up to 6% Such a move could cause another 25–30% drop in Treasury bond prices This is a possibility that should NOT be overlooked/Thread

  • Unrealised gains tax will be a ‘disaster’ for Australia/video

  • WARREN BUFFETT ON THE U.S. BUDGET DEFICIT



WARREN BUFFETT ON THE U.S. BUDGET DEFICIT "We still have very substantial inflation in the United States, but it's never been runaway…yet. And that's not something we want to try and experiment with, because it feeds on itself. I wouldn't want the job of trying to correct what's going on in revenue & expenditures of the United States — with roughly a 7% gap, when probably a 3% gap is sustainable. And the further away you get from that, the more you get to where the uncontrollable begins… It's a job I don't want, but it's a job I think should be done — and Congress does not seem good at doing it."













Not so fast!






They are too late..





 
 
 

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