❗️New York stock market, closing mixed amid cautious sentiment towards CPI. Dow (-0.17%), Nasdaq (+0.18%), S&P500 (+0.05%)
❕International oil prices rise on easing concerns over economic slowdown. WTI (+2.55%) 73.16, Brent Crude (+2.27%) 77.01
❕International gold prices rise as US consumer price index increases... Gold +8.40 (+0.41%) 2,033.20
❕Dollar index mixed amid factors such as US debt ceiling, inflation, and strong employment data. (+0.18%) 101.39
❕European stock markets: UK (holiday), Germany (-0.05%), France (+0.11%)
❕US employment trend index rises to 116.18 in April, up from the previous month.
❕Chicago Fed President says "credit tightening is starting... recession is possible"
❕Dollar exchange rate mixed amid focus on US debt ceiling and inflation.
❕SG says "economic slowdown is already underway... downward adjustment of employment is evidence"
❗️MUFG suggests "worsening outlook for the US dollar... recommends buying euro and yen against the dollar"
❗️People's Bank of China increases gold holdings while reducing dollar assets? Gold increased by 58t in the first quarter alone.
❗️Buffett's warning of selling stocks in the first quarter..."negative outlook for the US economy"
❗️China warns "not to cross the red line"... summons US ambassador during the week.
☝🏼 Comment
Be aware of USA-China tension. Euro doesn't seem to be a good asset to hold instead of dollar in our opinion. Buffet's warning seems legit. Recession is coming. Don't get greedy and slaughtered
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