Coffee Break World Glimpse 13 April

Coffee Break World at a glimpse 13th April 2023

QUOTE "I always give 100% at Work: 10% Monday, 23% Tuesday, 40% Wednesday, 22% Thursday, and 5% Friday.

"My boss told me to start every presentation with a joke. The first slide was my paycheck."

Rates Scroll Down (Asian Hours) for data visit truedata.in

WORLD NEWS

• Slowing US inflation shifts investor focus to earnings season,
• Bank of Canada holds rates, strikes hawkish tone as recession fears fade,
• Russian consumer inflation drops below 4% target for first time in a year
• Exclusive: Kenya expects $1.2 billion Q2 financing boost, seeks fresh IMF funds,
• ASIA It's 'risk off' as Fed floats 'mild recession',
• Goldman Sachs no longer expects Fed rate hike in June,
• Dollar, stocks slip after Fed minutes’ spur recession fears,
• Resource shares help lift Toronto market for fourth day,
• Sovereign debtors, creditors agree on steps to jumpstart debt restructurings
• Annual Meetings of the International Monetary Fund and World Bank in Washington
• Shares of China developer Sunac plunge 38% as trade resumes,
• Tech drags Hong Kong stocks, dollar squeezed as US inflation slows,
• North Korea fires missile, Japan retracts take-cover warning,
• Japanese Prime Minister Fumio Kishida speaks to media, after North Korea fired a ballistic missle, in Tokyo
• North Korea fired a ballistic missile of intermediate range or longer on Thursday, South Korea and Japan said, prompting an alert for residents in Japan's northern island of Hokkaido to take cover.
• US consumer prices rise moderately; underlying inflation too hot
• U.S. consumer prices barely rose in March as the cost of gasoline declined, but stubbornly high rents kept underlying inflation pressures simmering, likely ensuring that the Fed will raise interest rates again next month.
• U.S. government posts $378 billion deficit in March
• Trump sues ex-lawyer Michael Cohen after grand jury testimony,
• The former president accused Cohen of failing to keep confidential attorney-client communications private.
• Germany foreign minister embarks on post-Macron 'damage control' in China trip
• Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah meets with Syrian Minister of Foreign Affairs and Expatriates Faisal Mekdad in Jeddah, Saudi Arabia
• Saudi Arabia, Syria welcome thaw in ties, agree to fight drug trafficking,
• Australia's northwest region, home to the world's largest export hub for iron ore, could be hit by the most powerful tropical cyclone there in a decade as ports cleared ships and residents rushed to stock up on essential supplies.
• Memphis returns second expelled Tennessee lawmaker back to statehouse
• Judge sanctions Fox for withholding evidence in Dominion $1.6 billion defamation case
• SoftBank to sell nearly all its stake in Alibaba - FT
• Wall Street closes lower after Fed minutes, inflation data
• Bankrupt crypto exchange FTX has recovered $7.3 billion in assets
• JPMorgan was urged to cut ties to Jeffrey Epstein, lawsuit claims
• Warner Bros Discovery unveils revamped 'Max' in push for streaming growth
• G7 finance leaders pledge financial stability, supply chain diversity
• US consumer price gains slow
• Juul to pay $462 million to six US states, D.C. over youth addiction claims
• Abortion pill opponents urge US appeals court to allow ban,
• Novavax cut $50 million in costs, plans to slash more, CEO says,
• Leaked U.S. intel document claims Serbia agreed to arm Ukraine,
• Kyiv denies Wagner Bakhmut claim, Russia says forces advancing,
• Russia's e-conscription overhaul underlines scramble for military manpower
• Poland aims to set up Abrams tank service centre for Europe,
• Crackdown on migrants illegally entering US in El Paso
• U.S., Cuban officials discuss migration as COVID border restrictions set to end,
• Immigration detention center where several migrants died after a fire broke out, in Ciudad
• Brazil could suspend social media sites over school violence content,
• Brazil lures China's Cofco to finance recovery of degraded land,
• Nvidia enhances mid-range video gaming chip with AI technology,
• Waymo rider-only robotaxi test ride in San Francisco
• US union opposes driverless trucks waiver for Waymo, Aurora,
• US begins study of possible rules to regulate AI like ChatGPT
• China wants to start using moon soil to build lunar bases as soon as this decade,
• South Korea's import prices dropped in March at their fastest pace in 27 months,
• Russian c.bank rejects lawmakers' requests to tighten currency restrictions,
• Marex IPO prospects boosted by strong results, ED&F Man takeover – CEO
• Germany's BASF exceeds first quarter profit forecast
• Argentina cenbank mulls another rate hike to tame 100% inflation
• Only the big will crack the $1 trln LBO code,
• UBS can score a quick win with Swiss sale,

INDIA NEWS

• India's March retail inflation eases below RBI's upper tolerance level
• Japan, France and India to launch platform to coordinate Sri Lanka debt
• India's industrial output rose 5.6% y/y in February,
• Indian army says it finds rifle linked to killing of 4 soldiers at base,
• The Indian army said on Wednesday it had located an assault rifle believed to have been used to kill four soldiers at a military base in the northern border state of Punjab, though no one had yet been arrested over the attack.
• Japanese Finance Minister Shunichi Suzuki attends a news conference on outskirts of Bengaluru
• India's TCS blames U.S. banking crisis for weak fourth quarter
• India's SII could resume Covishield shot production as COVID cases rise,
• Rupee likely to strengthen on cooler-than-expected US inflation,
• Musk says unaware why Twitter India pulled posts on BBC documentary critical of Modi,
• Indian shares set for muted start as recession fears dent sentiment
• ?Train crunch to spur coal imports by Indian industries
• India asks Britain for increased monitoring of Sikh separatists
• RBI to extend rate pause through year-end, likely done hiking,
• India's PhonePe raises another $100 mln from General Atlantic, other investors,
• India says Ukraine asked for more medical supplies

Markets April 13th Asian Hours

STOCKS

• Index?????????????????????????????????????Last????????????????????????????% Change
• ASX All Ordinaries?????????????????7,526.50????????????????????-0.16%
• ?Hang Seng????????????????????????????20,165.91??????????????????-0.71%
• Nikkei 225?????????????????????????????28,108.67??????????????????+0.09%
• Shanghai SE???????????????????????????3,323.95????????????????????-0.10%

COMMODITIES

• Future????????????????????????Last????????????????????????????% Change
• Brent Crude Oil??????????87.16?????????????????????????-0.19%
• Gold???????????????????????????2,017.50????????????????????+0.33%
• Copper ???????????????????????782.50???????????????????????????????????--
• CBOT Soybeans????????1,512.50????????????????????+0.55%

CURRENCIES

• Exchange???????????????????Last????????????????????????????% Change
• EUR/USD???????????????????1.0994 ???????????????????????+0.05%
• GBP/USD???????????????????1.2492 ???????????????????????+0.09%
• JPY/USD?????????????????????0.0075???????????????????????-0.04%
• CNY/USD???????????????????0.1455???????????????????????+0.02%

?YIELDS

• Name????????????Yield??????????????Change
• US 10Y ???????????3.398?????????????-0.023
• DE 10Y ???????????2.37???????????????+0.01
• UK 10Y ???????????3.572?????????????+0.006
• JP 10Y????????????0.46???????????????-0.006