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As China’s President Xi Jinping embarks on a rare visit to Paris, the French President Emmanuel Macron is faced with the daunting task of addressing trade imbalances between the two nations. The recent tensions in the European Union regarding Chinese exports of electric vehicles and the retaliatory investigation into French brandy imports have added to
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Investors will be closely watching the RCM/TIPP Economic Optimism Index on Tuesday, as economists predict a slight increase from 43.2 to 44.1 in May. While recent indicators like the ISM Services PMI point to a potential slowdown in the US economy, a positive surprise in the Index could boost confidence in the economy’s resilience and
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Warren Buffett recently made an announcement regarding Berkshire Hathaway’s potential investment in Canada. During an investor meeting in Omaha, Nebraska, Buffett expressed his comfort with putting money into the Canadian market. This statement came as a surprise to many, as Buffett has primarily focused on investing within the United States. Despite this, he mentioned that
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The U.S. central bank’s 2% target for inflation is crucial for achieving price stability and ensuring economic prosperity, according to New York Federal Reserve Bank President John Williams. He emphasized the importance of transparency, clear communication, and setting an explicit numerical longer-term inflation target to anchor inflation expectations. Despite the Fed’s efforts to combat high
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The Bank of England is set to meet for the third time in 2024 on Thursday. The decision on interest rates will be announced along with the release of the Monetary Policy Report and minutes of the meeting. Market expectations do not anticipate a change in the current bank rate of 5.25%. Instead, the focus