Wyllian Capucci
08/05/2021
Focus on China
The White House has approved its first arms sale to Taiwan, an estimated dealat $750 million that would heighten tensions between the US and China at the moment inthat the Biden government seeks to create a new relationship with China. in an effortto ease tensions between the two world powers, the prime minister ofSingapore, Lee Hsien Loong, warned that the Taiwan issue could “easily” becomebecome dangerous due to a miscalculation. All of this underscores how Taiwan became thegreatest risk for a China-US confrontation. Meanwhile, the replicas of the repressionBeijing regulatory policy to the private sector linger, with traders rummaging throughXi Jinping’s previous speeches to find clues about which sectors might be theUpcoming. China’s e-cigarette and beverage inventories fall whennervous investors cling to a string of state media reports that mayforeshadow the next goals of stricter regulation
Squared meme
Wall Street was mesmerized by the latest burst of interest in stock tradingmeme, which made Robinhood Markets Inc. shares rise 100% this week, fewdays after failing to debut in public negotiations. Theories aboundfor sudden recovery, including options trading, Cathie’s endorsementWood and Jim Cramer’s tweets. In another sign that speculative trading is taking offbecoming more and more popular, JPMorgan Chase & Co. is launching a fund ofBitcoin for rich customers, according to CoinDesk. Meanwhile, the digital currencyEther traded near a two-month high amid an update ofsoftware that will reduce the rate at which new tokens are issued.
Delta threat
Tensions between Florida Governor Ron DeSantis and the White House have heated upAs the spread of the coronavirus in the state has generated divisions over mandates.masks and vaccine requirements. The Biden government is evaluating a plan torequire all foreign visitors to be vaccinated. China imposed newtravel restrictions across the country as an outbreak caused by the delta grewfor more than 500 cases in 15 provinces. The World Health Organization asked for amoratorium on booster doses to allow the poorest countries to catch upvaccination rates. The UK has eased quarantine rules.
Rise of markets
Risk sentiment is holding firm ahead of the payroll report oftomorrow. The MSCI Asia Pacific index hasn’t changed much, while Japan’s Topix indexclosed 0.4% above. In Europe, the Stoxx 600 Index rose 0.3% at 6:50 am GMT.S&P 500 futures pointed to a higher open, the Treasury yield10-year oil was at 1.18% and oil was hovering around $69 a barrel.
Coming
The Bank of England is expected to maintain its benchmark interest rate and target ofbond purchase unchanged when issuing its last policy decision at 8:00. YouInitial US jobless claims are due at 9:30 am, with economists expecting a second consecutive weekly decline. The trade balance numbersJune arrive at the same time. In earnings, we have Moderna Inc., Duke Energy Corp. andCigna Corp., among many others. The Group of 20 Ministers of the Digital Economy meetsin Trieste, Italy.
Source:https://wintrademarkets.com/
