Archive April 2024

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Week InReview: April 12, 2024

US strengthens ties with Japan, Philippines.

Photo: Al Drago | Bloomberg

Ironclad commitments | US President Joe Biden said he was committed to “deepening maritime and security ties” with Japan and the Philippines as he sought to assure allies worried about increasingly assertive Chinese actions in disputed waters. “The United States defense commitments to Japan and to the Philippines are ironclad,” Biden said Thursday before a meeting with Japanese Prime Minister Fumio Kishida and Philippines President Ferdinand Marcos Jr. at the White House for the first trilateral summit among the nations. Meanwhile, in an address to the US Congress, Kishida said the world needs America to maintain its key role on the global stage, warning that Ukraine would lose hope and much of Asia would face “harsher realities” without American support.


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Week InAdvance: April 8, 2024

Mon Apr 8 Solar eclipse visible in US. Janet Yellen in China to meet with senior leaders. | Tue Apr 9 CFTC's Market Risk Advisory Committee meets. | Wed Apr 10 US CPI. US FOMC minutes. Bank of Canada policy meeting and rate decision. Eid al-Fitr festival marks the end of Ramadan. | Thu Apr 11 First trilateral summit between the US, Japan, Philippines at the White House. ECB set to meet to debate interest rates. | Fri Apr 12 Marathon des Sables, the 'sand marathon,' starts in Morocco. | Sat Apr 13 North Pole marathon. Thai new year. | Sun Apr 14 London marathon.



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Week InReview: April 5, 2024

Fedspeak continues today.

Market moves | Wall Street traders are gearing up for Friday’s monthly US jobs report after weekly unemployment claims topped estimates. Bloomberg Economics predicts that 187,000 jobs were added in March and expects the unemployment rate to remain at 3.9%, higher than consensus expectations. The S&P 500 dropped 1.2%, wiping out earlier gains, as a rally in oil amid geopolitical tensions triggered a flight to the safest corners of the market. Brent crude oil climbed above $90 a barrel for the first time since October as Israeli Prime Minister Benjamin Netanyahu said his country will operate against Iran and its proxies and will hurt those who seek to harm it. President Joe Biden told Netanyahu on a call that US support for his war would depend on new steps to protect civilians. Bond yields dropped across the US curve.


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Week InAdvance: April 1, 2024

Mon Apr 1 Easter Monday. Market holidays in Australia, New Zealand, Hong Kong, the UK, and much of Europe. Daylight savings time has begun in the UK and much of Europe, with clocks going forward one hour. | Tue Apr 2 Reserve Bank of Australia publishes minutes of March policy meeting. Chile’s central bank meets on interest rates. | Wed Apr 3 NATO’s 75th Anniversary. OPEC+ meeting. Poland’s central bank meets on interest rates. | Thu Apr 4 OECD plenary and NATO meetings conclude. | Fri Apr 5 US employment report. Italy’s Ambrosetti Forum. Reserve Bank of India interest rate decision. Deadline for Apple to comply with the EU's recent order to strike abusive clauses in its contracts with App Store developers. | Sat Apr 6 Start of the new tax year in the UK. | Sun Apr 7 Daylight Saving Time ends in Australia.


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