Podcasts about Boj

As markets await President Trump's announcement on updated reciprocal tariff rates following months of negotiations, Derek Halpenny, Head of Research, Global Markets EMEA & International Securities, speaks with Julie Ellert, Head of FX FraBelux Corporate Sales, about the potential implications for FX markets. With inflation in Japan remaining elevated, they also explore how the Bank of Japan might respond in the months ahead. Could another rate hike be on the horizon? With inflation coming in higher than expected, there's a risk the BoJ could fall behind the curve.

APAC stocks failed to sustain the mostly constructive handover from Wall St counterparts with sentiment in the region cautious as participants braced for the key US jobs data and digested Chinese Caixin Services and Composite PMIs.Siemens confirmed it has been notified by the US Commerce Department that export control restrictions on EDA software and technology to customers in China are no longer in place.US House Republicans were reportedly stuck and didn't have the votes for the rule, while Republicans had told members to go back into their offices and a vote on the rule didn't look imminent, according to Punchbowl.UK PM Starmer said Rachel Reeves will be the Chancellor for years to come and will be the Chancellor at the next election.European equity futures indicate a marginally positive cash market open with Euro Stoxx 50 futures up 0.2% after the cash market closed with gains of 0.7% on Wednesday.Looking ahead, highlights include EZ, UK, US PMIs (Final), Swiss CPI, US NFP, International Trade, Jobless Claims, ISM Services, Canadian Trade, ECB Minutes & BoE DMP, Speakers including BoJ's Takata & Fed's Bostic, Supply from Spain & US Refunding Announcement.Desk Schedule: On Thursday 3rd July, the desk will shut at 18:15BST/13:15EDT due to the US Independence Day. The service will resume on Thursday 3rd July for the beginning of Asia-Pac coverage at 22:00BST/17:00EDT. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

JOIN THE MONEY MISSION:https://moneymissionja.comGet the Money Mission Workbook: https://amzn.to/4567eL2Support us on Patreon: https://www.patreon.com/moneymediajaOn this episode of Taking Stock…Money Media is FIVE years old! And we want to celebrate YOU with some awesome giveaways. Plus, the analysts weigh in on the latest market developments…The Organisation for Economic Co-operation and Development just released its midyear economic outlook. How does it affect you and your money.And the IMF thinks the BOJ should loosen its reins on the forex market.We'll discuss.******************OUR SEGMENTS: 0:00- Intro1:42 - What's Hot in Business12:40 - Economic Update35:17 - Market Recap42:39 - The Analysts- BOJ and IMF Forex 54:20- The Analysts- Stock Market Rebound?1:04:08 - The Analysts- JPS Contract Not Being Renewed*******************SUBSCRIBE TO OUR NEWSLETTER: getmoneynews.comJOIN THE MONEY MISSION:https://moneymissionja.com******************

APAC stocks began the new quarter mostly higher, albeit with gains tentative; Wall Street closed higher.The Senate vote-a-rama process is ongoing before a final version is sent back to the House to approve the bill, before then sending it to Trump's desk.EU is to accept Trump's universal tariff but seeks key exemptions and wants the US to commit to lower rates on key sectors, according to Bloomberg.European equity futures indicate an uneventful cash market open with Euro Stoxx 50 future +0.1% after the cash market closed with losses of 0.4% on Monday.DXY is steady, EUR/USD briefly ventured onto a 1.18 handle, USD/JPY marginally extended on its downside.Looking ahead, highlights include EZ, UK & US Manufacturing PMIs, German Unemployment Rate, EZ HICP, US ISM Manufacturing, JOLTS Job Openings, ECB SCE & Central Banking Forum, Speakers include ECB's de Guindos, Elderson, Schnabel & Lagarde, Fed's Powell, BoJ's Ueda, BoE's Bailey & BoK's Rhee.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US Senate vote-a-rama is still ongoing, Thune suggests we are "getting to the end", unclear if he has enough votesEU reportedly wants immediate relief in any US deal, said to be accepting universal tariffs but is seeking key exemptionsRisk tone began firmer after strong Chinese data; thereafter, deteriorated into and through the European morningUS futures in the red, ES -0.2%, awaiting updates on the Reconciliation Bill, Chair Powell and a packed data docketUSD continues to fall. JPY and CHF lead, fixed bid, XAU higher.EUR and EGBs unreactive to as-expected flash HICP and numerous ECB speakers who have focused on EUR strengthLooking ahead, highlights include US Manufacturing PMIs, ISM Manufacturing, JOLTS Job Openings, ECB Central Banking Forum, Speakers including ECB's Schnabel & Lagarde, Fed's Powell, BoJ's Ueda, BoE's Bailey & BoK's Rhee. Earnings from Constellation Brands. Holiday closures in Hong Kong & Canada.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Piše Veronika Šoster, bereta Igor Velše in Eva Longyka Marušič. V tretji pesniški zbirki Vznožje Stanka Hrastelj tematizira bolečino in smrt, a to počne na izjemno svojstven, nepričakovan način. Zdi se, da je avtorica posebej za to zbirko ustvarila nov svet z novimi pravili, v katerem lahko vsaj za toliko časa, kot traja knjiga, prenese vso to težo. Zbirko prefinjeno dopolnjujejo črno-bele fotografije Nine Sotelšek, ki prikazujejo veliko opustelih pokrajin in skrivnostno moško postavo. Že na začetni fotografiji v zbirki ga vidimo na hribu sredi redkega rastja, po eni strani je podoba melanholična, njegova pojava je namreč osamljena, zamegljena, po drugi strani pa kar srhljiva, preteča, tako kot bo preteča nevarnost, da bo govorka podlegla bolečini. Ob prvem stiku z zbirko smo tako metaforično postavljeni ob vznožje hriba s pogledom, usmerjenim navzgor. Zbirka Stanka Hrastelj Vznožje je formalno razdeljena na pet ciklov, ki jih lahko beremo skoraj kot poglavja romana ali dejanja v drami, saj je zelo zgodbeno zastavljena. Začne se s Pričakovanji, ko se nekaj na tihem pripravlja in šušlja, ne vemo točno, kaj, a mora ostati skrivnost. Ker pa se kmalu zatem pojavijo prečrtane vrstice, postane jasno, da ne gre za neke splošne govorice, temveč bolj za zamolčano. Prečrtani verzi so misli, ki niso nikoli povedane na glas, ampak se le tiščijo in prerivajo v notranjosti, dokler ne postanejo že neznosne. V tem smislu je zelo učinkovita pesem o tem, kako se pesniška govorka zaveda, da bi se morala počutiti dobro, saj ji objektivno gledano prav nič ne manjka: »moje občutenje sveta in časa je taka globoka, gosta in temna žalost je taka trda, težka, groba stiska (o jaz, ki mi nič ne manjka) (o jaz, ubogi ateist) je kot kepa vlečenega testa ki jo nekdo tanjša in širi in vleče in razteguje in te zmelje in raztrosi po testu in te vanj zavije in si štrudl en tam scmarjen, zažgan štrudl ki ga nihče noče« Že na začetku smo tako soočeni z občutjem, ki ne bo kar tako izginilo, ampak bo vztrajalo do (morda bridkega) konca. A v ciklu Potovanje na srečo vstopi Rupert, pojavi se v vagonu, kjer sedi govorka, ki jo je potovanja zelo strah. Sede zraven nje, ker začuti njeno stisko, ona pa ga takoj imenuje »Rupert mirni / Rupert spokojni / Rupert svetli« in kar je še svetlejših, pozitivnih oznak. Označi ga tudi za tolažnika in odrešenika, kar se kasneje izkaže za ključno. Rupert pomaga tudi drugim potnikom in se izkaže za junaka, hitro in mimogrede zavzame pozicijo stebra družbe, nato pa sede k oknu in zadrema. Govorko popolnoma fascinira, komaj čaka kakšno njegovo pripoved, in res ji pove o kovčku, v katerem ni bilo nič posebnega, le neizrečene besede. V tem verzu se pokaže njegova dejanska modrost, saj je najtežje nositi prav neizrečene besede, medtem ko se njemu ne zdijo posebno breme, pravzaprav se zdi, da ga je pesnica postavila na to mesto prav zaradi tega, da ji jih bo pomagal spraviti na plan. Da bo z njegovo pomočjo lahko nehala črtati cele verze, cele misli. Rupert vse prenaša stoično, zanesljivo, postane metafora, s katero govorka potuje. A kljub vsemu se zdi, da je prepozno za metaforičnost, da bolečina neomajno vztraja, da ne bo šla nikamor, pa če si ona tega še tako želi. Na več mestih v zbirki najdemo neposredne navezave na religijo, na primer zapovedi, češčenje pa tudi paruzijo, tj. Kristusov drugi prihod, ki mu je posvečen celoten cikel. Vzpostavi se kompleksen odnos govorke do religije, saj jo po eni strani zavrača, po drugi pa se naslanja na njene podobe, da bi se lahko izrazila, celo iz besed ustvari človeka, postane stvariteljica. A teža ostaja, skozi verze postaja vedno bolj občutna, otipljiva, vseprisotna. Njena uteha je tako vera v Ruperta, ki tudi v odsotnosti oziroma zanikanju še vedno ostaja prisoten, se vpleta v dogajanje in njeno razmišljanje, ona ga nagovarja, se obrača nanj, postane ji uteha. Ves čas ga poskuša zadržati, mu poiskati nadomestek, ga pohvaliti, ga skratka udejanja skozi svoje videnje sveta, ki pa je zaznamovano z bolečino in trpljenjem. To udejanjenje gre tako daleč, da Rupert prestopi fiktivne meje in jo pokliče z imenom avtorice, prekine tihi dogovor, jo presune. In nato se prebudi upanje, ki je nalezljivo in se ga lahko daje dalje in dalje – tudi če se kdaj prikotali do vznožja, ga spodmakneš, pa gre naprej. Rupert se vedno bolj kaže kot religijska oseba, ki pa je obenem skupek različnih oseb oziroma njihov derivat; izvaja naloge, ki so usojene, a ga morijo, na dušo mu leže žalost. Stanka Hrastelj tako spretno in predvsem izjemno kompleksno komentira vpliv slepega nekritičnega sledenja, ki se lahko hitro sprevrže v nekaj drugega, kot je bilo obljubljeno. V pesmi vse bolj vdirajo smrt, obup, končanje, osamljenost, zapuščenost. Avtorica od nas zahteva, da zbirko beremo jasno narativno, ne samo zaradi oseb in tempa, ampak tudi zaradi širše pomenske slike, ki se vzpostavi in kontekstualizira prav skozi pesniško dogajanje. Boj z depresijo in smrtjo je iz vrstice v vrstico bolj na nož, bolj obupan, a paradoksalno tudi bolj poln upanja. Nenehno iskanje nadomestila, ko Rupert ni na voljo, tako spominja na večni boj z lastnimi demoni, ki se jih ne da nikamor pregnati, nikakor izničiti. A upanje se predaja naprej, kot tihi refren, kot majcena prečrtana vrstica, kot beseda, zašepetana v noč. In morda je to dovolj, vsaj za zdaj. Če ne, pa bomo spet in spet spodmaknili vznožje.

V epizodi 185 je bil gostja Nina Wabra Jakič, ki je po hudi prometni nesreči pristala na invalidskem vozičku, dvakrat prebolela raka dojke, danes pa živi kot ponosna mama in žena, ki jo odlikuje izjemna življenjska energija in optimizem. V epizodi se dotakneva naslednjih tematik: Ninino življenje pred nesrečo Nesreča in njene posledice Soočanje s spremembami in iskanje hvaležnosti Soočenje z družbenimi predsodki in osebna rast Materinstvo in osebna identiteta Boj z rakom in vztrajnost Družina in osebne vrednote Filozofija in duhovna prepričanja =================== Prijavi se na newsletter in vsak petek prejmi 5 linkov, ki jih ustvarjalci podkastov Dialog in RE:MOAT izberemo tisti teden (knjige, dokumentarci, članki, podkast epizode …).  https://aidea.si/aidea-mailing-lista 

- Boję się troszkę, że to będzie sukces tylko wizerunkowy, którego potem nie przerobimy na realia - powiedziała w audycji "Stan rzeczy" w Polskim Radiu 24 Joanna Solska z "Polityki", odnosząc się do lotu Sławosza Uznańskiego-Wiśniewskiego na Międzynarodową Stację Kosmiczną. 

APAC stocks traded stronger following the firm lead from Wall Street, with gains capped as traders were cautious amid the fragility of the Israel-Iran ceasefire.Geopolitical newsflow was relatively light in APAC hours, with no hostile incidents seen between Israel and Iran; “There have been no [US] sanctions lifted on Iran,” said Fox Business' Lawrence, in reference to President Trump's post suggesting China could continue to buy oil from Iran.Fed Chair Powell said they would expect to see meaningful inflation effects from tariffs in June, July, and August. He added that if those effects failed to materialise, it could lead to an earlier rate cut.BoJ board member Tamura said that if upward price risks heightened, the BoJ could face a situation where it would need to raise rates decisively, even if uncertainty remained high, adding that he does not see 0.5% as a barrier for BoJ rate hikes.Fox's Gasparino posted that Team Trump said it was close to announcing a handful of trade deals. The major ones the White House claimed progress on involved Japan, South Korea, and Vietnam.Looking ahead, highlights include US Building Permits, CNB Policy Announcement; NATO Summit, Fed SLR meeting, BoE's Lombardelli, Pill, Greene; Fed's Powell; US President Trump, Supply from Italy, UK, US, and Earnings from General Mills, Paychex, Micron, Babcock.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Análise semanal de mercado e os impactos no mundo RPPS, com destaques:No cenário externo: tensões geopolíticas, Fomc, BoJ, BoE e PBoC direcionaram os ativos.No Brasil: ambiente global, COPOM e tema fiscal estiveram no foco dos mercados.

Vybez4Life Podcast 6th Anniversary pt3 with 100 Afrobeats, Hip Hop and RnB tracks featuring Tems, Oxalade, Driks, Wizkid, Burna Boy, Davido, Tyla, Ruger, Fiokee, Ayra Starr, Yemi Alade, Ice Prince, NSG, Bils, Ajebo Hustlers, Boj, M1llionz, Central Cee, K-Trap, Tion Wayne, Clavish, Headie One, Wretch 32, Tink, Blxst, Usher, SZA, Big Sean, Lil Tecca,  Lil Poppa plus many many more!!! Vybez4Life bringing you vibes for life!!!

US equity futures slightly softer. European equities opened firmer, while Asian markets were mixed with South Korea and Hong Kong outperforming. Trump to decide within two weeks on potential Iran strike, extending earlier timeline amid reported backchannel talks between US envoy Witkoff and Iran's foreign minister. Japan's May core inflation came in above expectations, keeping BOJ tightening speculation in play, while China held loan prime rates steady. BoE kept rates steady while SNB and Norges Bank cut rates; ECB bulletin released. Japan's Akazawa downplayed July 9 as deadline for US trade talks, mirroring tone from EU officials as negotiations drag on.Companies Mentioned: GMS Inc, Home Depot, QXO, Inc, Paramount Global, Ares Management Corp.

Following some tentative signs of easing risks in the Middle East, which have helped weaken the US dollar, Derek Halpenny, Head of Global Markets Research EMEA & International Securities, talks to Simon Mayes, Head of UK, Ireland, and Swiss FX Corporate Sales, about the potential implications for the US dollar and the financial markets. Derek also highlights some key takeaways from the numerous central bank meetings this week, including the Fed and the BoJ.

APAC stocks initially saw directionless trade following a non-existent lead from Wall Street amid the Juneteenth market holiday.US President Trump offered Iran a two-week window to monitor negotiations before deciding on military action.APAC sentiment eventually turned mostly firmer with notable Israel-Iran newsflow on the lighter side.Japanese Core CPI printed above forecasts; PBoC maintained its 1-year LPR at 3.00% and its 5-year LPR at 3.50%, as expected.European equity futures are indicative of a firmer open with the Euro Stoxx 50 future +0.9% after cash closed -1.3% on Thursday.Looking ahead, highlights include UK PSNB, Retail sales, US Philly Fed Business Index, Leading Index Change, Canadian Producer Prices & Retail sales, EU Consumer Confidence, Quad witching, Chinese LPRs, Iranian Foreign Minister Araghchi meets with European Ministers, Speakers include ECB Governing Council Macroprudential Forum, BoJ's Ueda, Holidays in Sweden, Finland, New Zealand.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

JAK ZATRZYMAĆ SPIRALĘ NAPIĘCIA:Nazwij to, co się w Tobie dzieje – Powiedz to!: nie ukrywaj tego, co ciało i głowa czują. Powiedz głośno „Boję się galopować. Czuję za duża presję, że muszę” itd.Rusz ciałem: my jako drapieżnicy mamy tendencję do spinania ciała, zakleszczania. Dlatego powiniśmy świadomie skanować swoje ciało i ruszać tymi częściami, które się zablokowały.Zadaj sobie krótkie i łatwe zadanie: gdy czujesz, że pojawia się napięcie wyraźnie zmniejsz wymagania. Zrób coś lekkiego, np.: przejedź kawałek i zatrzymaj się. Dojedź od punktu A do B i odpocznij. Rób tylko pół kółka w galopie a potem stań i zaczekaj, aż emocje opadną.Oddychaj głośno, tak żeby koń Cię słyszał: wolno, spokojnie i wyraźnie, z dokładaniem do tego liter, np.: długie uuuuuuuuPrzerwij jazdę i wróć na ziemię: to świetnie pozwala wrócić do równowagi, ułatwia odprężenie i przerywa spiralę emocji.  

US equity futures are pointing to a lower open today. European markets have opened in the negative territory, following mixed trades in Asian markets. Global markets today are digesting Trump's decision to cut short his G7 attendance to return to Washington after warning on Truth Social for people to evacuate Tehran. BOJ left interest rates unchanged as expected. Ishiba and Trump failed to reach agreement at G7. US and Canada are aiming to strike a trade deal within a month.Companies mentioned: Verve Therapeutics, Eli Lilly, T-Mobile, Softbank

S&P Futures are moving lower as the conflict in the Middle East weighs on sentiment. President Trump left the G7 meeting earlier than scheduled without any trade deals. He posted a comment calling on the residences of Tehran to evacuate the city which has the markets on edge. The FOMC meeting starts today with an announcement scheduled for tomorrow. The BOJ left rates unchanged. Oil and defense stocks are higher this morning. Solar stocks are falling as Senate Republicans look for a full phase out of tax credits. Economic data on Retail Sales and Industrial production are due out this morning. On the earnings front, LEN is moving higher after its earnings report. LZB is due out after the bell today.

Tauche ein in die faszinierende Welt der nonverbalen Kommunikation mit Bo Jürgens-Rosenmüller. Im Gespräch mit Joel Kaczmarek enthüllt Bo, wie Hypnose und Coaching helfen, nonverbale Signale zu meistern. Erfahre, wie innere Haltung, Stimme und Gestik deine Präsenz stärken. Als ehemalige Castingdirektorin teilt Bo wertvolle Einblicke und Techniken, um in jeder Situation authentisch und überzeugend aufzutreten. Lass dich inspirieren und entdecke, wie du deine innere Stärke nach außen trägst. Ein Podcast voller Aha-Momente! Du erfährst... ...wie nonverbale Kommunikation deinen ersten Eindruck prägt und beeinflusst ...welche Techniken Bo Jürgens-Rosenmüller nutzt, um innere Haltung zu stärken ...wie Atmung und Stimme deine Präsenz und Wirkung verbessern ...warum innere Glaubenssätze entscheidend für authentische Kommunikation sind ...wie du durch Körperhaltung und Gestik Selbstbewusstsein ausstrahlst __________________________ ||||| PERSONEN |||||

APAC stocks traded mixed/mostly lower with the region failing to coattail on Wall Street's gains, as geopolitical angst kept risk subdued.US President Trump posted that "Everyone should immediately evacuate Tehran!" before cutting his G7 trip short, stoking fears of a US military offensive. Sentiment later stabilised after CBS reported that the US is not joining Israel offensively in its military operations against Iran.BoJ maintained its rate at 0.5% as expected via unanimous vote, and is to reduce the amount of monthly JGB purchases by about JPY 200bln each quarter from April 2026 onward (as telegraphed); Tamura dissented on the taper plan.Japanese PM Ishiba and US President Trump did not reach a tariff agreement, but confirmed they are to continue tariff talks, according to Fuji TV.European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.6% after cash closed with gains of 1.0% on Monday.Looking ahead, highlights include German ZEW, US Export/Import Prices, Retail Sales, Industrial Production, BoJ Press Conference, BoC Minutes, G7 Leaders' Summit, IEA OMR, Supply from UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump says he wants "a real end," with Iran "giving up entirely" on nukes”, via CBS's Jacobs.US President Trump says the EU is not yet offering a fair deal, there is a chance of a deal with Japan but they are "tough". Pharma tariffs coming soon.Stocks hit as Iran-Israel strikes continue and Trump posts that "everyone" should evacuate Tehran.FX markets in narrow ranges awaiting US Retail Sales; incremental strength in JPY post-BoJ, but Ueda sparked some weakness thereafter.Two-way action for JGBs; USTs just about firmer while EGBs & Gilts reside in the red.Crude moves higher as Trump cuts his G7 trip short and now awaiting developments from the situation in Iran.Looking ahead, US Export/Import Prices, Retail Sales, Industrial Production, BoC Minutes, G7 Leaders' Summit.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Send us a textIsrael-Iran headlines remain the main market driver. Amid rising uncertainty, the Fed decides on rates on Wednesday. BoJ keeps rates steady, slows bond tapering. Wall Street closes higher, but futures point to lower open today.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

S&P Futures are displaying positive action this morning. While tensions in the Middle East remain elevated, Isreal has clearly demonstrated its superiority as they continue to focus their attacks on disabling Iran's nuclear program. The G7 meeting are underway, President Trump will be in attendance. Focus will be on Trade talks and the Middle East. There are a host of Central Bank meetings this week with scheduled announcements from the BOJ, FOMC and the BOE over the next few days. The key economic report for today is the Empire State Manufacturing index. On the earnings front, LEN will be releasing earnings after the bell.

In this explosive episode of Macro Mondays, James Brodie, James Todd & Will Cunliffe unpack the most volatile week in global markets this year.Key highlights include:Middle East tensions flare: The Israel-Iran conflict escalates, sending crude oil surging and gold prices spiking to the critical $3435 resistance level.U.S. inflation cools unexpectedly: CPI and PPI data come in well below consensus, while initial jobless claims rise, deepening recession fears.UK payroll shock: Employment falls sharply post-budget, with unemployment now at 4.6%—the highest since 2021.China data mixed: Consumer prices slip into deflation, while retail sales jump 6.4% amid government stimulus.Fund managers turn bearish: Paul Tudor Jones, Jeffrey Gundlach, and Jamie Dimon issue stark macro warnings—drawing parallels to 2007 and 1999.Stocks under pressure: U.S. equities break key support levels; insider selling hits record highs; tech valuations remain stretched.Dollar sinks to 3-year lows: FX markets react sharply, with EURUSD continuing its uptrend and USDJPY stuck in a tight range.Bitcoin stalls: Price caught between $100K support and $112K resistance as volatility looms.Plus: Central bank bonanza ahead—FOMC, BOE, BOJ, and SNB decisions in focus this week.Tune in for actionable macro insights, technical breakdowns, and positioning analysis from top global fund managers. Don't miss the Charts of the Week, including Meta's crucial support test.

Efter ett kort nyhetssvep och lyssnarbrev från Bo Jönsson sätter detta avsnitt allt ljus på den makalösa fröken Medin. Vi får ”The Lisa Medin Origin Story” och pratar skapande, stålstift, publikationer och givetvis den ännu pågånde Kickstartern för ”Medley: Encore”. Tänk sommarprat fast bättre och utan en ansträngt didaktisk vinkel! Kickstarter för MEDLEY: ENCORE Tack...

Send us a textIsrael-Iran confrontation intensifies. Risk appetite improves after an abysmal session on Friday. Dollar is on the back foot again; both gold and oil surrender gains. Four central bank meetings this week, starting with BoJ on Tuesday.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Jak si zruinovat život 1. - Nemá cenu si nalhávat falešným pozitivismem. Život opravdu je někdy těžký, naše postoje a chyby nás někdy doženou, nevíme vždy, jak se z toho vyhrabat ven. John Maxwell řekl, že ještě hloupější než ten, kdo se nepoučí ze svých chyb, je ten, kdo se nepoučí z chyb někoho jiného. Možná právě proto nám bibličtí autoři popisují své postavy věrně, včetně chyb a hloupých postojů nebo rozhodnutí. Naší první studií je král Saul, kterého dohnala touha zavděčit se všem. Je to chování, kdy člověk usiluje o to, aby ho všichni měli rádi, souhlasili s ním a akceptovali ho, často na úkor vlastních potřeb, názorů nebo hranic. Bojíme se odmítnutí, neumíme říkat ne, máme nízké sebevědomí. Když se to zlomí, pak začneme být zahořklí, závidíme druhým, vymlouváme se a hledáme chyby u jiných, cítíme se vyčerpaní. To všechno u Saula nakonec vidíme.

Major indexes approach the weekend with light gains despite disappointment over tariff outcomes. Consumer sentiment is due after the open. Next week brings Fed and BOJ meetings.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.Past performance is no guarantee of future results, and the opinions presented cannot be viewed as an indicator of future performance.Investing involves risk, including loss of principal.Diversification strategies do not ensure a profit and do not protect against losses in declining markets.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see ​schwab.com/indexdefinitions.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.(0130-0625)

Ongoing trade deal developments remain the largest driver of global markets right now. Our focus next week will be on the G7 Summit in Canada, to see if there are any further trade developments. We look ahead to central bank meetings in Indonesia, the Philippines, Taiwan and Japan, as well as fresh ECB communication and policy meetings across the UK, Switzerland, Sweden and Norway. Chapters: US (01:48), China (07:39), Europe (11:31), Japan (14:31), Rest of Asia (18:22), Australia & New Zealand (21:37).

Interview recorded - 5th of June, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming back Danielle DiMartino Booth. Danielle is the CEO & Chief Strategist for QI Research. She is the author of Fed Up and a global thought leader in monetary policy, economics and finance with 9 years experience at the Federal Reserve Bank of Dallas.During our conversation we spoke about Danielle's thoughts on the economy, the FED stalling elections, the bond market, BOJ increasing global yields, recession comparison and more. I hope you enjoy!0:00 - Introduction2:07 - Danielle's economic outlook3:22- FED stalling6:37 - Worried about Covid repeat?7:50 - Cut before election?10:07 - End of Powell?12:13 - Bond market?13:41 - BOJ increases impacting global yields14:27 - Dollar depreciation16:02- US in a recession?19:16 - Global economy20:18 - Recession comparison21:31 - Risk-off?22:46 - Retirees selling?24:05 - One message to takeaway?DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered to guide portfolio managers and promote financial literacy. To build QI, she brought together a core team of investing veterans to analyze the trends and provide critical analysis on what is driving the markets – both in the United States and globally.Since their inception in 2015, commentary and data from DiMartino Booth's The Daily Feather and The Weekly Quill have appeared in other financial sources such as Bloomberg, CNBC, Fox Business, Institutional Investor, Yahoo Finance, The Wall Street Journal, MarketWatch, Seeking Alpha, TD Ameritrade, TheStreet.com, and more.A global thought leader in monetary policy, economics, and finance, DiMartino Booth founded QI Research in 2015. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Fox News, Fox Business News, BNN Bloomberg, Yahoo Finance and other major media outlets.Prior to QI Research, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas. She served as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. Her work at the Fed focused on financial stability and the efficacy of unconventional monetary policy.DiMartino Booth began her career in New York at Credit Suisse and Donaldson, Lufkin & Jenrette where she worked in the fixed-income, public equity, and private equity markets. DiMartino Booth earned her BBA as a College of Business Scholar at the University of Texas at San Antonio. She holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University.Danielle DiMartino Booth - Website - https://quillintelligence.com/Twitter - https://twitter.com/DiMartinoBoothYouTube - @DanielleDiMartinoBoothQI WTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

US equity futures are slightly lower after Thursday's positive session. European markets are mostly higher, while Asian equities ended broadly weaker, with Hong Kong and Japan leading declines. US trade policy outlook clouded after Appeals Court stayed ruling that had blocked tariffs under IEEPA, leaving restrictions in place while further legal review proceeds. White House stressed alternative statutes could be used if needed, adding uncertainty to timing and process of trade decisions. US-Asia trade negotiations remain uneven: Bessent said China talks stalled and may require Xi-Trump call, while India highlighted progress and Japan prepares for next round. Tokyo inflation beat expectations, adding to market focus on BOJ tightening after Ueda reaffirmed data-driven approach this week.Companies Mentioned: Synopsys, Seacoast Banking, Archer-Daniels-Midland

This week, we discuss the federal court injunction against Trump's tariffs and whether this marks a true policy shift or just legal theater. The crew also dives into stealth bailouts via Treasury bill issuance, Japan's inflation puzzle, AI's productivity promises, and the looming housing and credit crunch. Plus, stablecoins are emerging as major buyers of U.S. debt. Enjoy! — Follow Tyler: https://x.com/Tyler_Neville_ Follow Quinn: https://x.com/qthomp Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx — Weekly Roundup Charts: https://drive.google.com/file/d/1y-opkz9g_zdZo2XzMWZ4KnE7PzzmvTSe/view?usp=sharing — Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv — Blockdaemon is the gateway to the decentralized economy, securing over $110B in digital assets for 400+ institutions with blockchain nodes, APIs, MPC wallets and vaults, and staking solutions. Learn more: www.blockdaemon.com Arkham is a crypto exchange and a blockchain analytics platform. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds and most influential players in crypto, and then act on that information. Sign up to Arkham: https://auth.arkm.com/register?ref=blockworks Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding. Echo Protocol is the first Bitcoin liquid re-staking and yield layer on MoveVM. As the second-largest protocol on Aptos by TVL, Echo secures nearly half of the network's bridged assets with ~$200M in aBTC minted. Check out https://www.echo-protocol.xyz/ to learn more! — Timestamps: (00:00) Introduction (03:10) Permissionless (04:25) Court Blocks Trump Tariffs (10:04) Has Anything Really Changed? (11:16) Ads (Blockdaemon, Arkham, Aptos) (12:59) Has Anything Really Changed? (15:44) Economy Mostly Fine (17:32) It's All About Flows (20:46) BOJ & The Acronym Factory (25:36) AI Disruption (30:09) Japan Financial Repression (32:08) Ads (Blockdaemon, Arkham, Aptos) (34:33) Delinquencies & Real Wages (36:07) Endowments, VC, & Private Markets (42:46) Housing Teetering (47:16) Trump & Powell Meet (48:38) Winning Innovation Themes (50:54) BIS Stablecoin Paper — Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

Mohl by to být námět na film: Prominentní zajatci čekají jako rukojmí na horském hradě. Zatím se jim nevede zle, ale další dny jsou nejisté. Blíží se konec války. Budou vyměněni a osvobozeni, nebo zastřeleni? Boj o hrad Itter byl zřejmě nejpodivnější bitvou 2. světové války. Ne svým rozsahem a průběhem, ale tím, že tu proti sobě stáli Němci proti Němcům.Všechny díly podcastu Historie Plus můžete pohodlně poslouchat v mobilní aplikaci mujRozhlas pro Android a iOS nebo na webu mujRozhlas.cz.

What are the near-term macro implications for China from the temporary tariff roll-back in Geneva? Can the truce become permanent? What are the spillover effects to the rest of the region? Are the Japan and Korea trade deals imminent? Are currency accords part of these deals? Will the BoJ continue normalizing sooner than October? Sajjid Chinoy, Haibin Zhu, Ayako Fujita and Seokgil Park discuss these questions and more.   This podcast was recorded on May 14, 2025. This communication is provided for information purposes only. Institutional clients can view the related report at https://jpmorganmarkets.com/research/content/GPS-4978369-0, https://jpmorganmarkets.com/research/content/GPS-4982620-0 and https://jpmorganmarkets.com/research/content/GPS-4966658-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2025 JPMorgan Chase & Co. All rights reserved.

Dan po zakonodajnem referendumu o zakonu o dodatku k pokojninam za umetniške dosežke se bomo lotili zlasti posledic včerajšnje odločitve. Kaj pomeni več kot 90-odstotna zavrnitev zakona za pobudnike referenduma, kaj pa za vladno koalicijo? Boj za razlago številk se je že razplamtel, mi pa se bomo dogajanja in pogleda v prihodnje mesece lotili v tokratnem Studiu ob 17.00. Gosta: dr. Miro Haček, Fakulteta za družbene vede Univerze v Ljubljani; dr. Dejan Verčič, Fakulteta za družbene vede Univerze v Ljubljani.

„Bojím se, že mladá generace se neztotožní s církví, za kterou stojí stovky miliard jmění, s církví, která nepotřebuje své věřící, protože její finanční toky budou na věřících nezávislé,“ říká bývalý církevní soudce Jan Rozek v rozhovoru pro pořad Kupředu do minulosti. 2. díl, 11.05.2025, www.RadioUniversum.cz

Boj o rozhlas, osvobozování Plzně nebo Liberce, ale také plíživý nástup další totality – novinářka Lucie Korcová, dokumenatrista Adam Drda a ředitel Post Bellum Mikuláš Kroupa se zamýšlejí nad tím, co všechno přinesl konec války na českém území. A přidávají i vzpomínky svých příbuzných, kteří zažili pád nacismu na různých místech Československé republiky. Pestrobarevnou mozaiku, kterou přinesly poslední válečné dny, skládají autoři v novém dílu Hlasů paměti.

Japan was, they said, on the cusp of generational shift. The real outlier in a growing tide of reversals, BoJ was still hiking still anticipating an inflationary recovery. It has all come crashing down, globally synchronized. But not before one final plot twist. Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

After a stronger than expected US jobs report and increased speculation of an easing in trade tensions, Derek Halpenny. Head of Research Global Markets EMEA and International Securities sits down with Simon Mayes, Head of UK, Ireland & Swiss Corporate FX Sales to discuss financial market conditions and the renewed depreciation of the US dollar. Derek also looks to next week and discusses the FOMC and BoE meetings and the fallout for the yen following the BoJ meeting this week.

APAC stocks traded higher but with gains capped in severely thinned conditions owing to mass holiday closures across the region and in Europe for Labour Day.BoJ kept rates unchanged at 0.50% and provided some dovish rhetoric despite maintaining its rate hike signal.US is said to have reached out to China recently for tariff talks, according to Bloomberg citing an influential social media account.US stocks were boosted heading into the Wall St closing bell. Futures saw a further lift following strong earnings from Microsoft and Meta.DXY is higher, JPY lags post-BoJ with USD/JPY eyeing 144 to the upside, EUR/USD sits around the 1.13 mark.Looking ahead, highlights include US Challenger Layoffs, Jobless Claims & ISM Manufacturing, BoJ Governor Ueda's Press Conference.Earnings from Amazon, Apple, Riot Platforms, Reddit, Airbnb, Eli Lilly, Roblox, CVS, MasterCard, McDonald's, Drax, Hiscox, Lloyds, Kerry, Whitbread, Standard Chartered & Telecom Italia.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

 This week, we dive into the latest EY Digital Assets Survey and what it reveals about institutional sentiment: 85% of respondents increased their crypto allocations in 2024—and nearly the same expect to do so again in 2025. We unpack which assets are in focus, the critical role of regulation, and how institutions are beginning to engage with DeFi.On the market side, ETF inflows remain strong, especially into IBIT, with ETH reversing its outflows from the previous week. We analyze current holder trends and potential upside scenarios. We also look at Bitcoin's increasing correlation with gold and how it's behaving around key geopolitical headlines.In macro, we touch on updates from the White House and key economic prints—JOLTs, ADP, GDP, and the BoJ rate decision—all leading up to Friday's NFPs.In the news section, we discuss BTC treasury trends at 21 Capital and explore Solana-based DeFi treasury entities like Upexi and DeFi Development Corp.Onchain, we review the implications of EIP-9698, early signs of renewed strength in ETH signals, and the Loopscale exploit. We also note Monero-BTC swap developments and DeFi TVL climbing back above $100B.We close with key upcoming catalysts to watch: Friday's Non-Farm Payrolls, the May 7th FOMC decision, and Ethereum's long-awaited Pectra upgrade.Topics Covered:Institutional Trends: EY Survey highlights, asset preferences, regulatory priorities, and DeFi participationMarket Update: IBIT-led ETF inflows, ETH reversal, BTC holders & gold correlationMacro Overview: White House, JOLTs, ADP, GDP, BoJ, and NFPs outlookNews & Earnings: BTC treasury strategy at 21 Capital, Solana-based DeFi treasuriesOnchain Insights: EIP-9698, ETH revival signals, Loopscale exploit, and TVL growthCatalysts Ahead: Non-Farm Payrolls (May 3), FOMC & Ethereum Pectra Upgrade (May 7)Host: Ben Floyd, Head of Execution ServicesSpeakers: David Duong, Head of Institutional Research Brock Miller, Senior Staff Software EngineerJoshua Pak, Senior CES Sales TraderCoinbase NewsCBAM BTC Yield Fund: A conservative Bitcoin strategy targeting 4–8% net annual returns over a market cycle, with subscriptions and redemptions in BTC.UK Web3 Accelerator Launch: Coinbase joins Fabric Ventures, Animoca Brands, and Founders Factory to launch a new UK-focused Web3 accelerator.Coinbase x PayPal Partnership: Coinbase expands its PayPal partnership to support seamless 1:1 PYUSD-USD conversions and explore new onchain use cases.Coinbase International Exchange Q1 Recap: Highlights from Q1 performance and key growth initiatives planned for Q2 2025.LinksEY-Parthenon Digital Assets Strategy Report

In this episode, I chat with Peruvian Bull, a well-known Bitcoin researcher and educator. We also unpack the central bank manipulation, the coming currency wars, and why Bitcoin might be the only way out. If you're looking to understand what the next phase of the dollar endgame might look like, this episode is for you.  ––– Offers & Discounts –––

Lee Hardman, Senior Currency Analyst talks to Michael Owen, Head of Global Client Desk EMEA, about the volatile price action for USD/JPY over the past week. Will the BoJ's upcoming policy meeting derail the current downward trend for USD/JPY? Disclaimer: www.mufgresearch.com (PDF)

This week's Global Markets podcast takes place against a backdrop of financial market turmoil with signs of a building crisis of confidence in US assets. Derek Halpenny, Head of Research Global Markets EMEA & International Securities talks to Chris Jakubowski Head of FI FX Sales about what needs to happen to halt the slide in confidence. There are certain actions that would help but none seems that likely. Derek and Chris also discuss the prospects for JPY and the BoJ's stance in the midst of increased financial market turmoil. Disclaimer: www.mufgresearch.com (PDF)

As market turmoil continues, our global economists give their view on the ramifications of the Trump administration's tariffs, and how central banks across key regions might react.Read more insights from Morgan Stanley. ---- Transcript -----Seth Carpenter: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's, Global Chief Economist, and today we're going to be talking tariffs and what they mean for the global economy.It's Monday, April 7th at 10am in New York.Jens Eisenschmidt: It's 4pm in Frankfurt. Chetan Ahya: And it's 10pm in Hong Kong. Seth Carpenter: And so, I'm here with our global economists from around the world: Mike Gapen, Chief U.S. Economist, Chetan Ahya, our Chief Asia Economist, and Jens Eisenschmidt, our Chief Europe Economist. So, let's jump into it. Let me go around first and ask each of you, what is the top question that you are getting from investors around the world?Chetan?Chetan Ahya: Tariffs.Seth Carpenter: Jens?Jens Eisenschmidt: Tariffs.Seth Carpenter: Mike?Michael Gapen: Tariffs.Seth Carpenter: All right. Well, that seems clear. Before we get into the likely effects of the tariffs, maybe each of you could just sketch for me where you were before tariffs were announced. Chetan, let me start with you. What was your outlook for the Chinese economy before the latest round of tariff announcements?Chetan Ahya: Well Seth, working with our U.S. public policy team, we were already assuming a 15-percentage point increase on tariffs on imports from China. And China also was going through some domestic challenges in terms of high levels of debt, excess capacities, and deflation. And so, combining both the factors, we were assuming China's growth will slow on Q4 by Q4 basis last year – from 5.4 percent to close to 4 percent this year.Jens, what about Europe? Before these broad-based tariffs, how were you thinking about the European economy?Jens Eisenschmidt: We had penciled in a slight recovery, not really getting us much beyond 1 percent. Backdrop here, still rising real wages. We had some tariffs in here, on steel, aluminum; in cars, much again a bit more of a beefed-up version if you want, of the 18 tariffs – but not much more than that. And then, of course, we had the German fiscal expansion that helped our outlook to sustain this positive growth rates into 2026.Seth Carpenter: Mike, for you. You also had thought that there were going to be some tariffs at some point before this last round of tariffs. Maybe you can tell us what you had in mind before last week's announcements.Michael Gapen: Yeah, Seth. We had a lot of tariffs on China. The effective rate rising to say 35 to 40 percent. But as Jens just mentioned, outside of that, we had some on steel and aluminum, and autos with Europe, but not much beyond that. So, an effective tariff rate for the U.S. that reached maybe 8 to 9 percent.We thought that would gradually weigh on the economy. We had growth at around 1.5 percent this year and 1 percent next year. And the disinflation process stopping – meaning inflation finishes the year at around 2.8 core PCE, roughly where it is now. So, a gradual slowdown from tariff implementation.Seth Carpenter: Alright, so a little bit built in. You knew there was going to be something, but boy, I guess I have to say, judging from market reactions, the world was surprised at the magnitude of things. So, what's changed in your mind? It seems like tariffs have got to push down the outlook for growth and up the out outlook for inflation. Is that about right? And can you sketch for us how this new news is going to affect the outlook?Michael Gapen: Sure. So instead of effective tariff rates of 8 to 9 percent, we're looking at effective tariff rates, maybe as high as 22 percent.Seth Carpenter: Oh, that's a lot.Michael Gapen: Yeah. So more than twice what we were expecting. Obviously, some of that may get negotiated down. Seth Carpenter: And would you say that's the highest tariff rate we've seen in a while?Michael Gapen: At least a century. If we were to a 1.5 percent on growth before, it's pretty easy to revise that down, maybe even a full percentage point, right?So you're, it's a tax on consumption and a tariff rate that high is going to pull down consumer spending. It's also going to lead to even much higher inflation than we were expecting. So rather than 2.8 for core PCE year-on-year, I wouldn't be surprised if we get something even in the high threes or perhaps even low fours.So, it pushes the economy, we would say, at least closer to a recession. If not, you're getting closer to the proverbial coin toss because there are the potential for a lot of indirect effects on business confidence. Do they spend less and hire less? And obviously we're seeing asset markets melt down. I think it's fair to describe it that way. And you could have negative wealth effects on the upper income consumers. So, the direct effects get you very modest growth a little bit above zero. It's the indirect effects that we're worried about.Seth Carpenter: Wow, that's quite a statement. So, a substantial slowdown for the U.S. Flirting with no growth. And then given all the uncertainty, the possibility that the U.S. actually goes into recession, a real possibility there. That feels like a big call.Jens, if the U.S. could be on the verge of recession with uncertainty and all of that, what are you thinking about Europe now? You had talked about Europe before the tariffs growing around 1 percent. That's not that far away from zero. So, what are you thinking about the outlook for Europe once we layer in these additional tariffs? And I guess every bit is important. Do you see retaliatory tariffs coming from the European Union?Jens Eisenschmidt: No, I think there are at least three parts here. I totally agree with that framing. So, first of all, we have the tariffs and then we have some estimates what they might mean, which, just suppose what we have heard last week sticks, would get us already in some countries into recessionary territory; and for the aggregate Euro area, not that far from it. So, we think effects could range between 60 and 120 basis points of less growth. Now that to some extent, incorporates retaliation. And so, the question is how much retaliation we might expect here. This is a key question we get from clients. I'd say we get something; that seems, sure.At the same time, it seems that Europe weighs a response that is taking into account all the constraints that are in the equation. After all the U.S. is an ally also in security concerns. You don't wanna necessarily endanger that good relationship. So that will for sure play a role. And then the U.S. has a services surplus with Europe, so it's also likely to be a response in the space of services regulation, which is not necessarily inflationary on the European side, and not necessarily growth impacting so much.But, you know, be it as it may. This is going to be down from here, for sure. And then the other thing just mentioned by Michael, I mean there is clearly a read across from a slower U.S. growth environment that will also not help growth in the Euro area. So, all being told it could very well mean, if we get the U.S. close to recession, that the Euro area is flirting with recession too.Seth Carpenter: Got it. Chetan Ahya: Seth, can I interrupt you on this one? I just wanted to add the perspective on retaliatory tariffs from China. What we had actually originally billed was that China would take up a retaliatory response, which would be less than be less than proportionate, just like the last time. But considering that China has actually, mashed U.S. reciprocal tariffs, it makes us feel that it's very unlikely that a deal will be done anytime soon.Seth Carpenter: Okay. So then how would you revise your view for what's going on with China?Chetan Ahya: Yeah, so as I mentioned earlier, we had already built in some downside but with these reciprocal tariffs, we see another 50 to 100 [basis points] downside to China's growth, depending upon how strong is the policy stimulus.Seth Carpenter: So, at some point, I suspect we're going to start having a discussion about what it really means to have a global recession, and markets are going to start to look to central banks.So, Mike, let me turn to you. Jay Powell spoke recently. He repeated that he is in no hurry to cut interest rates. Can you talk to me about the challenges that the Fed is facing right now?Michael Gapen: The Fed is faced with this problem where tariffs mean it's missing on both sides of its mandate, where inflation is rising and there's downside risk to the economy.So how do you respond to that?Really what Powell said is it's going to be tough for us to look through this rise in inflation and pre-emptively ease. So, for the moment they're on hold and they're just going to evaluate how the economy responds. If there's no recession, it likely means the Fed's on hold for a very long time. If we get negative job growth, if you will, or job cuts, then the Fed may be moving to ease policy. But right now, Powell doesn't know which one of those is going to materialize first.Seth Carpenter: Alright Mike. So, I understand what you're saying. Inflation going higher, growth going lower. Really awkward position for the Fed, and I think central banks around the world really have to weigh the two sides of these sorts of things, which one's going to dominate…Jens Eisenschmidt: Exactly. Seth, may I jump in here because I think that's a perfect segue to the ECB; which I was thinking a lot about that – just recently coming back from the U.S. – how different the position really is here. So, the ECB currently is on the way to neutral, at least as we have always thought as a good way of framing their way. Inflation is falling to target. Now with all the risks that we have mentioned, there's a clear risk we see. Inflation going below 2 percent, already by mid this year – if oil prices were to stay as low as they are and with the euro appreciation that we have seen.The tariffs scare in terms of the inflationary impact from tariffs, that's much less clear. Now, whether that's really something to worry about simply because what you typically see with these tariffs – it's actually a depreciation of the exchange rate, which we haven't seen. So, we think there is a clear risk, downside risk to our path; at least that we have an anticipation. A quicker rate cutting cycle by the ECB. And potentially if the growth outlook that we have just outlined all these risks really materializes, or threatens is more likely to materialize, then the cuts could also be deeper.Seth Carpenter: That's super tricky as well though, because they're going to have to deal with all the same uncertainty. I will say this brings up to me the Bank of Japan because it was the one major central bank that was going the opposite direction before all of this. They were hiking while the other central banks were cutting.So, Chetan, let me turn to you. Do you think the Bank of Japan's gonna be able to follow through on the additional rate hike that you all had already had in your forecast?Chetan Ahya: Yes Seth. I think Bank of Japan will have a difficult time. Japan is exposed to direct effect of 24 percent reciprocal tariffs. It will see downside from global trade slowdown, which will weigh on its exports and yen appreciation will weigh on its inflation outlook. Hence, unless if U.S. removes tariffs very quickly in the near term, we see the risk that BOJ will pause instead of hiking as we had assumed in our earlier base case.Seth Carpenter: Well, this is a good place to stop. Let me see if I can summarize the conversations we've had so far. Before this latest round of tariffs had been announced, we had thought there'd be some tariffs, and we had looked for a bit of slowdown in the U.S. and in Europe and in China – the three major economies in the world. But these new rounds of tariffs have added a lot to that slowdown pushing the, the global economy right up to the edge of recession. And what that means as well is for central banks, they're left in at least something of a bind. The Bank of Japan though, the one major central bank that had been hiking, boy, there's a really good chance that that rate hike gets derailed.Seth Carpenter: Well, thank you for listening. And if you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or a colleague today.