US Senate has reportedly approved a USD 70bln funding blueprint for ICE and border patrol, according to reports
The US Senate's approval of a substantial funding blueprint for ICE and border patrol suggests increased government spending, which could have broader implications for fiscal policy.
According to industry sources, SK Hynix (000660 KS) is expected to set a new all-time high operating margin in Q2 on the back of the continuing memory supercycle
IEA's Birol says expect nuclear power to get a "big boost" following Iran war, via CNBC TV
US Senate has reportedly approved a USD 70bln funding blueprint for ICE and border patrol, according to reports
German S&P Global Composite PMI Flash (Apr) 48.3 (Prev. 51.9, Low. 50.2, High. 52); "Faced with rapidly increasing costs, firms raised average prices ... at the quickest rate in over three years in April, in a sign of widening inflationary pressures"
German S&P Global Manufacturing PMI Flash (Apr) 51.2 vs. Exp. 51.2 (Prev. 52.2, Low. 50.5, High. 52.2)
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This move may heighten the risk perception in the markets, affecting USD liquidity and potentially impacting equities and commodities, especially if it signals a more aggressive government spending stance. Traders might want to monitor shifts in the USD's performance against major currencies and consider how this funding could interact with existing fiscal narratives.
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