Here's what my colleague, market strategist Mike "Willo" Wilson says happened while we were sleeping… US stocks jumped after automakers won a one-month delay from US President Donald Trump's newly imposed tariffs on Mexico and Canada. The euro led gains against the dollar, helped by rising German yields amid plans for massive increases in defense spending. Today we get Australian trade and building data, both of which will be hot federal election topics. Across the Tasman, the RBNZ hosts its Inflation Research Conference, a day after its chief Adrian Orr tendered his resignation. Prime Minister Justin Trudeau is not open to lifting Canada's full package of retaliatory tariffs if Trump leaves any tariffs on Canada in place, according to a senior Canadian government official.
China announced an expansion target of about 5% for 2025 at its annual parliamentary session Wednesday, marking the first time in more than a decade Beijing had set the same goal for three straight years. US prosecutors charged ten Chinese citizens and two government agents for computer hacks that targeted dissidents, religious groups, news outlets and American government agencies. The Chinese government allegedly paid a cybersecurity firm Anxun Information Technology Co., also known as i-Soon, to hack and steal information. Addressing low fertility rates and aging societies is a challenge for many governments, and while policies aimed at supporting families may help, a significant increase in birthrates is unlikely in the near future, writes Bloomberg Opinion's Daniel Moss. |
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