Coffee Break World View 13 May

Coffee Break World at a glimpse 13th May 2023

QUOTES:

• "If you think Friday the 13th is scary, try going a day without coffee.”
• “When life gives you lemons, squirt someone in the eye.”
• “Women and cats will do as they please, and men and dogs should relax and get used to the idea.”
• “I love mankind ... it's people I can't stand!!”

Scroll Down for US Close (for data go to www.truedata.in)

WORLD NEWS

• Japanese firms hike wages by 3.89% this year -Nikkei
• Argentina inflation smashes past every forecast to hit 109%
• Fed policy on right track, but inflation still too high, officials say
• Wall St Week Ahead Amid banking woes, faltering US small-caps offer ominous economic sign
• Tesla owners sue over impact of software update on EV batteries
• Binance pulls out of Canada amid new crypto regulations
• JPMorgan opposes class-action status for Epstein accusers
• Exclusive: G7 summit statement to target China's 'economic coercion'
• Ghana's official creditors pave way for IMF sign-off on $3 bln loan
• US consumer sentiment plummets to six-month low on debt ceiling debacle
• G7 to vow diversifying of supply chains, filling bank regulatory gaps -draft
• Honduras will 'soon' launch trade talks with China as ties deepen
• G7 finance chiefs to warn of global uncertainty as US debt crisis looms
• Musk nabs ex-NBCUniversal ad chief Yaccarino as new Twitter CEO
• Moscow acknowledged that its forces had fallen back north of Ukraine's battlefield city of Bakhmut after a new Ukrainian offensive, in a retreat that the head of Russia's Wagner private army called a rout.
• Russia says it repelled surge of Ukrainian attacks in the east
• Russia's war on Ukraine latest: Moscow denies reports of Ukrainian breakthroughs
• Frontline residents evacuated to Russian-controlled port before expected counter-offensive
• Faced with tougher U.S. policy, migrants in Mexico pin hopes on asylum app
• Security officers escort Pakistan's former Prime Minister Imran Khan as he appeared in Islamabad High Court
• Former Pakistan PM Imran Khan granted bail, leaves court
• US military to bolster defensive posture in Gulf after Iran seizes tankers
• U.S. demands recall of 67 million air bag inflators because it believes there is a safety defect, but auto supplier ARC Automotive rejected the regulator's request,
• Commanders reach agreement to sell franchise to Harris-led group
• Debt ceiling worries deepen as early June U.S. default reinforced
• Foreign Relations Committee hearing on US China policy at the U.S. Capitol in Washington
• Data of 237,000 US government employees breached
• Warring Sudanese factions fight on after failing to agree truce
• Kenya unearths more bodies in search for death cult followers
• Thousands still missing as Congo flood survivors search for relatives
• Russian flagged Ro Ro ship Lady R transits in Istanbul's Bosphorus
• South Africa rejects U.S. accusations of arms shipment to Russia
• Wegovy, other weight loss drugs ‘no silver bullet’, says WHO amid obesity review
• FDA issues marketing denial for 6,500 flavored e-cigarettes
• US FDA advisers narrowly back Sarepta's Duchenne gene therapy for accelerated approval
• Japan's Astellas to buy Iveric Bio for $5.9 bln to expand eyesight treatments
• US FDA approves Astellas Pharma pill for menopause hot flashes
• Presidential candidate of Turkey's main opposition alliance Kilicdaroglu attends an election campaign rally in Tekirdag
• Palestinian rockets fired towards Jerusalem, Israel kills militant leader
• Lebanon's Hezbollah leader Sayyed Hassan Nasrallah addresses his supporters on screen during a rally commemorating the group's late leaders in Jebshit village
• Hezbollah denies links to drug kingpin killed in Syria
• Uncertainty clouds US transition at Mexico border as new rules take effect
• Thailand gears up for general election
• Australia trade minister 'pleased' with trade talks in China
• China's Oppo to shut down chip design unit as smartphone sales slump
• Ukrainian service members from a 110th Separate Mechanised Brigade of the Armed Forces of Ukraine, prepare fire a self-propelled howitzer "Dana" near the town of Avdiivka
• Former U.S. Marine Daniel Penny surrenders to the NYPD for the death of Jordan Neely in New York City
• Russian navy sailors attend a ceremony ahead of Victory Day in Sevastopol
• Russia's Black Sea Fleet beefs up defences amid drone strikes -commander
• Dollar on pace for biggest weekly rise since February
• Aviation watchdog issues warning on India over jet repo fight
• U.S. Postal Service cracking down on rising mail theft
• Spanish police officers carry out a test on drugs found on a Brazilian fishing vessel carrying approximately 1500 kg of cocaine in Gran Canaria
• Honduras will 'soon' launch trade talks with China as ties deepen
• China says Tesla to fix software for 1.1 mln cars on braking issue
• GM recalling nearly 1 million U.S. vehicles for air bag defect
• U.S. representatives gather to try to elect a new Speaker of the House at the U.S. Capitol in Washington
• US Treasury takes middle road on solar panels 'Made in the USA'
• US equity funds see massive outflows on debt ceiling worries
• Vietnam EV maker VinFast to list in US via a SPAC
• US consumer sentiment plummets to six-month low on debt ceiling debacle
• Luminar Tech CEO Russell to acquire majority stake in Forbes
• Stellantis, LGES implementing 'contingency plans' for battery plant in Canada
• Rupee records worst week since mid-March as dollar regains strength
• US consumer sentiment plummets to six-month low on debt ceiling debacle
• S. African rand sets record low, volatility seen ahead
• Data and marketing automation firm Klaviyo Inc. confidentially submitted paperwork on Friday with U.S. regulators for an initial public offering (IPO) in New York, according to people familiar with the matter.
• Soros Fund Management cut Tesla stake, added Netflix in 1st quarter
• Stocks slip as US consumer confidence slumps, dollar gains
• Foxconn, Sharp shares slide after Japan firm's surprise write-down
• SoftBank shares fall 5% after annual loss
• SMIC shows first quarterly revenue fall in 3 years as chip glut bites
• France lands battery giga factory with sweeteners, zero-carbon power
• EU ministers back plan to reduce economic reliance on China
• Swathes of UK households yet to face mortgage cost surge:
• Oil prices fall on stronger dollar, demand fears
• Korean Air expects EU antitrust warning on Asiana bid by end-May
• Outbreak of the coronavirus disease (COVID-19) in London
• Global equity funds see 4th week of outflows on slowdown worries
• Trading platform Tradeweb in talks about US default contingency plans
• Argentina's YPF signals 'high' imports in Q3 as it ramps up pipelines

INDIA NEWS

• Rupee records worst week since mid-March as dollar regains strength
• India's April retail inflation eases to 18-month low on softer food price
• India's annual retail inflation eased to 18-month low in April, staying well below the Reserve Bank of India's (RBI) upper tolerance limit for the second consecutive month, as food prices eased.
• Aviation watchdog issues warning on India over jet repo fight
• India cenbank's Das says April inflation gives 'confidence' on monetary policy path
• Indian shares extend gains for third straight week ahead of CPI data
• India's Supreme Court to examine panel's report on Adani probe
• India's Hindustan Petroleum posts biggest jump in quarterly profit in 9 years
• Indian state-owned oil refiner Hindustan Petroleum Corporation Ltd on Friday said it posted its biggest quarterly profit in nine years, helped by a fall in crude prices and higher refinery margins.
• Security officers escort Pakistan's former Prime Minister Imran Khan as he appeared in Islamabad High Court
• Former Pakistan PM Imran Khan granted bail, leaves court
• A Tata Motors logo is pictured outside the company showroom in Mumbai
• Tata Motors posts record rev; sets first dividend in 7 yrs
• India's Cipla posts 45% jump in Q4 profit on domestic drugs business boost
• Pratt & Whitney says faces higher risks after Go First filed for bankruptcy
• Adani-owned Ambuja Cements to expand production capacity by 14 mln tonnes
• India's April retail inflation eases to 4.70%
• India's DLF posts 41% rise in Q4 profit on lower costs
• Colgate-Palmolive's India unit beats Q4 profit view on price hikes
• India's Vedanta posts slump in Q4 profit after metal prices fall
• KFC operator Sapphire Foods India's Q4 profit halves on higher costs
• Indian state to ban polygamy amid bid for uniform civil code
• Authorities in an Indian state want to ban polygamy as part of a bid by the Hindu-nationalist central government to standardise the civil code across the country.
• India's Geosynchronous Satellite Launch Vehicle Mk III-M1 blasts off carrying Chandrayaan-2, from the Satish Dhawan space centre at Sriharikota
• Liftoff: Modi's space push for India counts on private players

US Markets Close 13th May

STOCKS

• Index????????????????????????Last???????????????????????????% Change
• S&P 500??????????????????4,124.08???????????????????-0.16%
• Dow Jones??????????????33,300.62????????????????-0.03%
• Nasdaq????????????????????12,284.74????????????????-0.35%
• FTSE 100????????????????7,754.62???????????????????+0.31%

COMMODITIES

• Future ???????????????????????Last???????????????????????????% Change
• Brent Crude Oil???????74.17????????????????????????????????????--
• Gold??????????????????????????2,014.70???????????????????????????????--
• Copper?????????????????????728.50??????????????????????-0.10%
• CBOT Soybeans?????1,389.50???????????????????-1.14%

CURRENCIES

• Exchange?????Last???????????????% Change
• EUR/USD?????1.0846???????????--
• GBP/USD?????1.2457???????????--
• JPY/USD??????0.0074???????????--
• CNY/USD?????0.1437???????????--

YIELDS

• Name ???????????Yield?????????????Change
• US 10Y?????????3.463????????????????--
• DE 10Y?????????2.285????????????+0.019
• UK 10Y?????????3.779????????????-0.003
• JP 10Y??????????0.389??????????+0.003