Coffee Break World View 3 May

Coffee Break World at a glimpse 3rd May 2023

QUOTES:

• Do not take life too seriously. You will never get out of it alive.
• What's another word for Thesaurus?
• Remember that you are absolutely unique. Just like everyone else.
• I can resist everything except temptation.

European Markets Scroll down (data go to www.truedata.in)

WORLD NEWS

• Journalist on Ryanair plane diverted by Belarus is jailed for eight years
• A Belarusian journalist who was arrested after being hauled off a Ryanair plane that was forced to land in Minsk almost two years ago was sentenced on Wednesday to eight years in jail on charges of conspiring against the state.
• Toronto home prices rise for third month in April
• Indonesia economy likely grew 4.95% on year in Q1, contracted vs quarter
• Fed in stride to pole-vault 5% policy rate, then perhaps catch its breath
• U.S. President-elect Joe Biden announces members of his economic policy team in Wilmington, Delaware
• Exclusive: White House: Fed interest rates having negative effect on banking
• Biden administration ramps up data exchange program to boost US supply chains
• Thousands line up outside unemployment office in Frankfort
• U.S. job openings report keeps some soft landing hopes alive
• US labor market softens as job openings drop, layoffs at highest level in over 2 years
• Food pushes Pakistan inflation to record 36.4% in April
• Euro zone inflation picks up but core unexpectedly slows
• Soft lending and inflation data pave way for smaller ECB hike
• UK retailers report record food inflation but see falls ahead
• Hong Kong's economy grew 2.7% in the first quarter of 2023, John Lee, the leader of the Asian financial hub, said in a surprise announcement ahead of Tuesday's official release of the data, to snap four consecutive quarters of contraction.
• Turkish inflation slows to 44% ahead of landmark election
• Italy March jobless rate edges down to 7.8%, lowest since April 2020
• Spread of the coronavirus disease (COVID-19) in Rome
• Banking mess, Fed among worries threatening calm stretch in US stocks
• Japan, S.Korea revive stalled economic talks as global risks rise
• Australia March retail sales post slowest annual growth in 14 months
• 33 Democrats urge ban on investor-state dispute provisions in all US trade deals
• Chinese data provider tightens some information access for offshore users
• Short investor Hindenburg erases fifth of Icahn empire's value
• Top US CEO pay rose 7.7% last year, outpacing inflation, study finds
• China's AI industry barely slowed by US chip export rules
• Former Audi boss set for confession in diesel emissions scandal
• Musk threatens to reassign NPR Twitter account, NPR says
• Investors see big Novo Nordisk stock boost if obesity drug shows heart benefit
• Huge fires at oil depots in Russia and Ukraine as sides press drone war
• Fuel depot ablaze near key Crimea bridge in Russia
• Oil depots were ablaze in both Russia and Ukraine on Wednesday as both sides escalated a drone war targeting infrastructure ahead of Kyiv's planned spring counter-offensive to try to end Moscow's all-out invasion.
• Ukraine's Zelenskiy arrives in Finland to meet Nordic leaders
• Russia's FSB says 7 Ukrainian agents arrested in Crimea
• The Federal Reserve is expected on Wednesday to raise interest rates and perhaps signal a pause in its 14-month tightening cycle, as policymakers balance the need to slow inflation against a pressing set of risks ranging from bank failures to the possibility of a U.S. debt default as soon as next month.
• Brazil's federal police on Wednesday raided former President Jair Bolsonaro's home in Brasilia as part of a probe into a group suspected of adding false vaccine data into the government's COVID-19 database
• Teenage boy kills nine in a shooting spree in a Belgrade classroom
• Evidence of Alzheimer’s disease on PET scans at the Center for Alzheimer Research and Treatment in Boston
• Lilly drug slows Alzheimer's progression by 35% in trial
• Hollywood writers and studios battle over the future of AI
• Hollywood writers have for decades penned sci-fi scripts featuring machines taking over the world. Now, they are fighting to make sure robots do not take their jobs.
• BNP Paribas first-quarter revenue beats as trading outperforms
• BNP Paribas 's first-quarter sales beat market expectations as trading business at the eurozone's biggest bank outperformed most of its peers, while it started to reap the benefits from rising interest rates.
• Stellantis cautious on road ahead after first quarter revenue boost
• Porsche to raise prices further as profits jump
• Aston Martin sticks to 2023 outlook after smaller Q1 pretax loss
• Over 100 arrested in European swoop on 'Ndrangheta crime group
• At least one dead as downpours hit Italy's Emilia Romagna region
• Suspect in killing of Russian military blogger appears in Moscow court
• China says Myanmar's sovereignty should be respected
• The engine dispute at the heart of Go First's bankruptcy filing
• Taiwan seeking US cooperation to make next-generation fighters
• Suspect in killing of five Texas neighbors caught after four-day manhunt
• Migrants reach the border to request asylum to U.S. authorities between the two border fences, in Tijuana
• US parole program to continue post-Title 42, Mexico to accept returnees
• U.S. Customs and Border Protection photo of packets of fentanyl mostly in powder form and methamphetamine which U.S. Customs and Border Protection say they seized from a truck crossing into Arizona from Mexico
• US fentanyl-related deaths more than tripled over five years
• UK security in 'no way complacent' ahead of coronation, minister says
• King Charles' coronation will be an economic boost, Buckingham Palace says
• Site of an Israeli air strike, in Deir al-Balah town in the central Gaza Strip
• Iran resorts to security cameras, ostracism to deter unveiled women
• Turkish TV pictures claim to show killed Islamic State leader's bolthole in Syria
• Turkish raid prompted ISIS leader to detonate suicide vest
• Estee Lauder expects gloomier 2023 on slow Asia travel retail
• Apple results could mark weak finish to Big Tech earnings
• Taco Bell-parent Yum Brands beats quarterly same-store sales estimates
• From tea to ketchup, some shelves lie empty as retailers struggle to predict demand
• India's Go First airline files for bankruptcy, blames Pratt & Whitney engines
• US regional banks fall as FRC failure shakes faith in banking sector recovery
• UBS wary of buying Credit Suisse in February, wanted more analysis, SEC filing shows
• PacWest, Western Alliance shares tumble as US regional bank fears persist
• Google, Microsoft CEOs called to AI meeting at White House
• Tesla resumes US orders for Model 3 long-range version at lower price
• 5G technology may conflict with commercial aviation
• U.S. will not extend deadline on critical 5G airplane retrofit
• Stocks climb out of the red as traders wait on the Fed
• RBA to hike rates further this year, say economists in snap poll:
• Global rate hike push slows to a trickle in April ahead of busy May
• Iran seizes second oil tanker in a week in Gulf -U.S. Navy
• UK's Lloyds beats profit forecasts, signals stresses ahead

INDIA NEWS

• Go First gone: engine troubles, COVID bring down India's third-largest airline
• Before the COVID-19 pandemic, Go Airlines (India) Ltd said it was one of the few profitable airlines in a country that is known for its staunchly price-conscious customers, a market where two big players have collapsed in the last 11 years.
• India's April services activity hits near 13-year high, inflation accelerates
• Television journalists are seen outside the premises of the Supreme Court in New Delhi
• India to form committee to examine problems same-sex couples face
• A woman speaks to staff at the Go First airline ticketing counter at the Chhatrapati Shivaji International Airport in Mumbai
• Go First owner has no plans to exit airline: CEO
• India's JSW Steel to invest $145 million to upgrade US manufacturing
• IT stocks drag Indian shares lower ahead of Fed rate decision
• India's Godrej Properties sees 15% rise in FY24 bookings value after Q4 profit jump
• Indian real estate developer Godrej Properties Ltd said it expects value of bookings for fiscal 2024 to rise by 15% after reporting a 58.2% jump in fourth-quarter profit on Wednesday.
• The engine dispute at the heart of Go First's bankruptcy filing
• Havells India posts Q4 profit rise on strong air conditioner sales
• Havells India Ltd reported a 2.5% rise in fourth-quarter profit on Wednesday, aided by strong sales for air conditioners.
• Indian rupee ends higher as dollar weakens ahead of Fed outcome
• Delhi's Ishant rolls back the years in Gujarat upset
• Indian tyremaker MRF's profit soars on cooling rubber prices, higher demand
• Indian tyremaker MRF Ltd on Wednesday reported its fourth-quarter profit more than doubled, as rubber prices cooled and higher vehicle sales prompted increased demand for tyres.
• Brookfield, Tata in talks to invest in India's Nexus Malls IPO
• Brookfield Asset Management and Tata Group are in talks to invest in the upcoming initial public offering (IPO) for Nexus Malls, betting that the Indian real estate investment trust will benefit from a rise in the country's consumption levels, two sources told Reuters.
• India's Multiples Alternate announces $640 million first close of private equity fund
• Indian private equity firm Multiples Alternate Asset Management on Wednesday announced the first close of a $640 million fund aimed at investing in domestic companies.
• Go Airlines' lenders likely to meet on Wednesday to plan further course of action
• Exclusive: India, China propose 'multiple pathways' on cutting use of fossil fuels
• India's Adani Wilmar posts 60% drop in Q4 profit on weak edible oils demand
• India's Adani Wilmar Ltd reported a 60% slump in fourth-quarter profit on Wednesday, as lower product prices and sluggish demand from some customers dragged down overall sales in its mainstay edible oils business.
• India central bank likely buying dollars via public sector banks, traders say
• Indian miner Hindustan Zinc's all-cash bid for Vedanta's assets lapses - sources

Rates European Hours

STOCKS

• Index????????????????????????Last???????????????????????????% Change
• FTSE 100????????????????7,791.14???????????????????+0.23%
• DAX??????????????????????????15,861.78????????????????+0.86%
• CAC 40????????????????????7,438.11???????????????????+0.74%
• IBEX 35???????????????????9,064.50???????????????????-0.19%

?COMMODITIES

• Future ????????????????????Last????????????????% Change
• Brent Crude Oil???????73.13?????????? ??-2.91%
• Gold??????????????????????????2,017.10????????+0.14%
• Copper?????????????????????736.80?????????? ?-0.32%
• CBOT Soybeans?????1,428.00?????? ??-0.80%

CURRENCIES

• Exchange?????Last???????????????% Change
• EUR/USD?????1.1033???????????+0.31%
• GBP/USD?????1.2506???????????+0.34%
• JPY/USD??????0.0074???????????+0.74%
• CNY/USD?????0.1447???????????--

YIELDS

• Name ??????????Yield??Change
• US 10Y?????????3.401?-0.038
• DE 10Y?????????2.234?-0.018
• UK 10Y?????????3.657?-0.011
• JP 10Y??????????0.42???-0.001