US and China are said to be weighing tariff cuts on USD 30bln of imports, Reuters sources say; Presidents Trump and Xi are to discuss managed trade push in Beijing; US reportedly shifts its focus to numerical trade targets over model reform
The discussion of potential tariff cuts by the U.S.
CRH (CRH) appoints Alwyn Bryan as new CEO, effective May 12th
EU lawmakers have reached a provisional deal to make the EU-US trade agreement suspendable in the event of a market disruption caused by a surge in US imports, via Euronews citing sources
US and China are said to be weighing tariff cuts on USD 30bln of imports, Reuters sources say; Presidents Trump and Xi are to discuss managed trade push in Beijing; US reportedly shifts its focus to numerical trade targets over model reform
OPEC MOMR (Apr – Does not incorporate UAE leaving): In April, crude oil production by countries participating in the DoC decreased by 1.74mln BPD M/M to average about 33.19mln BPD, according to available secondary sources
Alibaba (BABA) CEO says its ability to supply AI demand is not able to keep up with all the growth in demand; rapid grown in model-as-a-service business will have a very positive impact on gross profit margin over the next few quarters
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and China indicates a shift towards a more managed trade approach, which may ease tension between the two economies. This could have a positive impact on risk sentiment, affecting equities and commodities, while currency markets may also respond as trade relations stabilize. Keep an eye on how this influences market behavior and asset correlations, particularly in the FX space with major pairs like USD/EUR and USD/JPY.
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