10th May 2024

  • Biden Set to Impose Tariffs on China EVs, Strategic Sectors (2)

US set to target electric vehicles, reject across-board hikes

Action comes after multi-year review of Trump-era duties

https://blinks.bloomberg.com/news/stories/SD8ZAPT0AFB4

  • Fed’s Daly Says ‘More Time’ Needed for Restrictive Rates to Work

Considerable uncertainty over next few months’ inflation data

Says can’t declare victory until confident inflation is tamed

https://blinks.bloomberg.com/news/stories/SD8G4FDWX2PS

  • US Jobless Claims Jump in Week When New York Schools Had a Break

First-time applications climbed 22,000 last week to 231,000

New York, California and Indiana posted the largest gains

https://blinks.bloomberg.com/news/stories/SD7YUPDWLU68

  • Good Demand for Bond Auction Propels Treasury Market Advance

Yields extend their retreat from highest levels of the week

Short-term tenors add to gains spurred by jobless claims

https://blinks.bloomberg.com/news/stories/SD8FTVDWX2PS

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