Dan | Income, Investing & Planning

Xi’s metal curb risks backfiring as G-7 seeks for alternative sources similar to the episode that occurred back in 2010 where a temporary ban resulted in further diversification of sources. Unfortunately, ties between the US and China is unlikely going to improve anytime soon as competition intensifies. Morgan Stanley warns against bets on Emerging-Market rate cuts as a more hawkish federal reserve raises the prospect of a stronger dollar which increases cost of borrowing. This came despite the fact that inflation conditions justify a case for rate cuts within the emerging markets. Oil rallies after Saudi Arabia and Russia curbs supplies which is a move that was widely expected by traders. Prices have been volatile since the announcement but are also running against a major technical hurdle that continuously failed to achieve a positive breakthrough. 👀 Prefer watching instead of reading? You can catch the video format on Instagram, YouTube & TikTok

Singapore home prices fall for the first time in three years as private property values slid by 0.4% according to the flash estimated released by the URA. That said, the public housing market is getting hotter than ever as a result of the cooling measures as condo owners cash outs and crowd into the public market. China hits back with export restriction on critical chip metals that are crucial to parts of semi-conductor, telecommunications and electronic vehicle industries. This will be extremely disrupting to the global high-tech industries as China accounts for over 94% of gallium production. India state refiners consider paying in Yuan for Russian Crude in an effort to widen their currency option away from dirhams and dollars. That being said, it is unlikely that the role of Yuan will be large in the case of India as they have political considerations and interest that are conflicting against the use of Yuan. 👀 Prefer watching instead of reading? You can catch the video format on Instagram, YouTube & TikTok

Bond traders are bracing for 10-year treasury to reach 4% at the back of better-than-expected economic data that supports the case of higher rates for longer narrative. At the moment, the fed’s stance remains unchanged and two more rate hikes are expected to bring policy rate around 5% to 5.25%. China is still buying gas as if there’s still an energy crisis with the nation on track to be the world’s top importer of LNG in 2023. This behaviour came at the back of the motivation of the government to avoid a repeat of energy shortages which may further erode their efforts to materialise a strong recovery. Xi’s central bank shakeup prioritise continuity over big change. The accommodative stance of the PBOC remains unchanged as the world’s second biggest economy struggles to regain momentum. Moving forward, the PBOC role may be different in Xi’s third term as compared to his previous two terms. 👀 Prefer watching instead of reading? You can catch the video format on Instagram, YouTube & TikTok