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ASIA:
The UAE has positioned a ban on the export and re-export of all types of wheat from India for 4 months. The decision applies to all types of wheat and wheat flour, which have been imported into the nation earlier than 13, Might 2022, the ministry of economic system mentioned in an announcement issued on Wednesday. The ban on exports comes within the wake of the worldwide scarcity of the commodity within the wake of the Russia-Ukraine battle, as Ukraine is among the world’s largest wheat exporters. India, the second-largest wheat producer, on Might 13 imposed a ban on the export of the grain to protect its home inhabitants from shortages and excessive costs. UAE’s economic system ministry mentioned that firms wishing to export/re-export wheat of Indian origin, which have been imported into the nation earlier than 13 Might 2022, should acquire the ministry’s permission to export exterior of the UAE.
The main Asian inventory markets had a blended day right this moment:
- NIKKEI 225 decreased 468.20 factors or -1.77% to 25,963.00
- Shanghai elevated 31.40 factors or 0.96% to three,316.79
- Hold Seng elevated 229.57 factors or 1.10% to 21,075.00
- ASX 200 decreased 116.30 factors or -1.76% to six,474.80
- Kospi decreased 10.48 factors or -0.43% to 2,440.93
- SENSEX decreased 135.37 factors or -0.26% to 51,360.42
- Nifty50 decreased 67.10 factors or -0.44% to fifteen,293.50
The main Asian forex markets had a blended day right this moment:
- AUDUSD decreased 0.01097 or -1.56% to 0.69350
- NZDUSD decreased 0.00529 or -0.83% to 0.63091
- USDJPY elevated 2.377 or 1.79% to 134.914
- USDCNY elevated 0.02505 or 0.37% to six.70865
Valuable Metals:
l Gold decreased 19.04 USD/t oz. or -1.03% to 1,837.67
l Silver decreased 0.304 USD/t. ozor -1.39% to 21.620
Some financial information from final evening:
Japan:
BoJ Curiosity Fee Determination stay the identical at -0.10%
New Zealand:
RBNZ Offshore Holdings (Might) decreased from 53.50% to 53.40%
Enterprise NZ PMI (Might) elevated from 51.2 to 52.9
Singapore:
Non-Oil Exports (MoM) (Might) elevated from -3.30% to three.20%
Non-Oil Exports (YoY) (Might) elevated from 6.40% to 12.40%
Commerce Stability decreased from 4.208B to three.243B
Some financial information from right this moment:
Hong Kong:
Unemployment Fee (Might) decreased from 5.4% to five.1%
India:
Financial institution Mortgage Development elevated from 12.1% to 13.1%
Deposit Development stay the identical at 9.3%
FX Reserves, USD decreased from 601.06B to 596.46B
EUROPE/EMEA:
France’s greatest lender BNP Paribas signaled to the Dutch authorities an curiosity in taking on state-owned financial institution ABN Amro, an individual with data of the matter mentioned on Friday, including that the Dutch finance ministry was not pursuing such a deal presently. A mixture between BNP and ABN AMRO could be the primary main cross-border deal in a long-anticipated consolidation drive throughout Europe’s banking sector. The French lender, which has a market worth of 58 billion euros, final yr offered its Financial institution of the West U.S. retail banking unit for $16 billion, elevating expectations that it’d use the proceeds for acquisitions in Europe.
The main Europe inventory markets had a blended day:
l CAC 40 decreased 3.59 factors or -0.06% to five,882.65
l FTSE 100 decreased 28.73 factors or -0.41% to 7,016.25
l DAX 30 elevated 87.77 factors or 0.67% to 13,126.26
The main Europe forex markets had a blended day right this moment:
- EURUSD decreased 0.00547 or -0.52% to 1.04942
- GBPUSD decreased 0.01385 or -1.12% to 1.22141
- USDCHF elevated 0.00383 or 0.40% to 0.97043
Some financial information from Europe right this moment:
Italy:
Italian Commerce Stability (Apr) decreased from -0.229B to -3.666B
Italian Commerce Stability EU (Apr) decreased from 0.28B to -0.96B
Euro Zone:
Core CPI (MoM) (Might) stay the identical at 0.5%
Core CPI (YoY) (Might) elevated from 3.5% to three.8%
CPI (YoY) (Might) elevated from 7.4% to eight.1%
CPI (MoM) (Might) elevated from 0.6% to 0.8%
CPI ex Tobacco (MoM) (Might) elevated from 0.6% to 0.8%
CPI ex Tobacco (YoY) (Might) elevated from 7.6% to eight.2%
HICP ex Vitality & Meals (YoY) (Might) stay the identical at 4.4%
HICP ex Vitality and Meals (MoM) (Might) decreased from 1.2% to 0.7%
US/AMERICAS:
The Federal Reserve tried to ease recession fears once more this Friday amid a risky week for markets. “The Committee’s dedication to restoring value stability, which is critical for sustaining a robust labor market — is unconditional,” the central financial institution said in a report back to Congress. It’s confirmed that the central financial institution will proceed to lift charges till a number of months of declining inflation are famous. Yesterday, the Fed Chair Powell said that he understands fee hikes might spook the markets. “We’re not attempting to induce a recession now, let’s be clear about that,” Powell mentioned on Thursday.
Retail gross sales contracted in Might based mostly on new information from the Commerce Division. Retail and meals service spending declined -0.3% final month, effectively beneath estimates of a 0.1% acquire. Gross sales, excluding autos, rose 0.5% for the month. April’s determine was revised right down to replicate a 0.7% improve in comparison with the initially reported 0.9%. These numbers aren’t adjusted for inflation.
US Market Closings:
- Dow declined 38.29 factors or -0.13% to 29,888.78
- S&P 500 superior 8.07 factors or 0.22% to three,674.84
- Nasdaq superior 152.25 factors or 1.43% to 10,798.35
- Russell 2000 superior 15.86 factors or 0.96% to 1,665.69
Canada Market Closings:
- TSX Composite declined 73.58 factors or -0.39% to 18,930.48
- TSX 60 declined 2.92 factors or -0.25% to 1,148.51
Brazil Market Closing:
- Bovespa declined 2,981.88 factors or -2.9% to 99,824.94
ENERGY:
The oil markets had a detrimental day right this moment:
l Crude Oil decreased 7.87 USD/BBL or -6.69% to 109.720
l Brent decreased 6.44 USD/BBL or -5.38% to 113.37
l Pure fuel decreased 0.439 USD/MMBtu or -5.88% to 7.0250
l Gasoline decreased 0.1712 USD/GAL or -4.33% to three.7846
l Heating oil decreased 0.1897 USD/GAL or -4.15% to 4.3816
The above information was collected round 15:06 EST on Friday
l Prime commodity gainers: Lumber (4.01%), Rubber (1.61%), Cocoa (2.49%) and Lean Hogs(1.12%)
l Prime commodity losers: Crude Oil (-6.69%), Pure Fuel (-5.88%), Brent (-5.38%) and Gasoline (-4.33%)
The above information was collected round 15:12 EST on Friday.
BONDS:
Japan 0.225%(-2.6bp), US 2’s 3.17% (+0.071%), US 10’s 3.2407% (+4.56bps); US 30’s 3.29% (+0.051%), Bunds 1.667% (-3.6bp), France 2.2080% (-5bp), Italy 3.674% (-17.6bp), Turkey 18.77% (+0bp), Greece 4.042% (-25.9bp), Portugal 2.721% (-11.5bp); Spain 2.784% (-9.5bp) and UK Gilts 2.5000% (-1.7bp).
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