Podcasts about ECB

APAC stocks traded mixed with price action contained amid a lack of major fresh catalysts and in the absence of a lead from Wall St.European equity futures indicate a slightly softer cash market open with Euro Stoxx 50 futures down 0.2% after the cash market finished with gains of 1.3% on Monday.DXY is back above 99.00 and attempting to claw back yesterday's downside, EUR/USD is back on a 1.13 handle.US President Trump is said to be eyeing sanctions against Moscow this week, according to the WSJ.Looking ahead, highlights include German GfK, EZ Sentiment, French CPI, US Durable Goods & Consumer Confidence, NBH Policy. Announcement, ECB's Villeroy & Fed's Kashkari, Supply from Netherlands, Italy & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump announced a delay to the 50% tariff deadline on EU goods to July 9th.APAC stocks traded mixed as the initial uplift following Trump's announcement gradually waned.European equity futures indicate a higher cash market open with Euro Stoxx 50 futures up 1.6% after the cash market closed with losses of 1.8% on Friday.DXY has started the week on the backfoot and has slipped below the 99 mark, EUR/USD is on a 1.14 handle, antipodeans outperform.Trump called Russian President Putin "crazy" after Russia launched the largest air attack on Ukraine in the war so far despite the sides conducting a three-day prisoner swap.Looking ahead, the only notable highlight on the calendar is ECB's Lagarde. UK & US markets are closed.The desk will run to 18:00BST/13:00EDT on Monday 26th May, at which point the service will close due to holiday closures. The service will then re-open later that evening at 22:00BST for the beginning of the Asia-Pacific session.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

“We will see over the years the dollar absolutely collapse against the one currency that does not represent anyone else's sovereignty…and that is gold,” says Dr. Thomas Kaplan, CEO and Chairman of NovaGold. In today's interview, he tells Daniela Cambone that all fiat currencies are inherently flawed and refers to the U.S. dollar as “double-ply toilet tissue.”Despite recent price increases, Kaplan believes gold is still in the “foothills” of a broader bull run. “We will look back on $3,000 gold as a complete gift… the same way as we look back now on the Dow at 3,000 in the late '80s as a gift,” he says. On the recent ECB's warning about gold, Kaplan sees it as further support for the bullish case. He emphasizes that the rising demand for physical settlement—not just futures contracts—could create a supply squeeze and trigger a major price surge. Watch the full video to learn more.

China's growth as an economic superpower has been based in a large part on its increasing ability to design and manufacture sophisticated, hi-tech goods. But, until recently, it was far from a superpower when it came to creating new knowledge and cutting-edge academic research. Luc Laeven of the ECB and CEPR and his co-authors recently published an analysis of the research output in top journals from Chinese academics over the last two decades, and the results are startling: in many areas of science, China is now clearly the world leader. Luc talks to Tim Phillips about how China's plan was created, why the quality as well as the quantity of research should make us take notice, and whether research establishments in Europe and the US can learn from China's single-minded pursuit of success.

It has been another big week in markets. We discuss US fiscal developments and how the Fed might respond as well as preview US inflation data. In focus for the week ahead is also central bank decisions in Australia, New Zealand and South Korea, alongside India's growth outlook. In Europe, we discuss recent signs of softening of inflation and why the ECB still has room to cut rates. Chapters: US (01:50), Australia & New Zealand (07:31), India (10:33), Asia (17:19), Europe (18:03). 

APAC stocks were mostly in the green albeit with gains in the region capped following the indecisive performance stateside.US President Trump and Chinese President Xi have not spoken since the Geneva agreement, according to CNN.US President Trump is pushing the EU to cut tariffs or face extra duties with US negotiators to tell Brussels they expect unilateral concessions, according to FT.European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.2% after the cash market closed with losses of 0.6% on Thursday.Looking ahead, highlights include German GDP, UK Retail Sales, EZ Negotiated Wage Rates, Canadian Retail Sales, Speakers including ECB's Lane & Schnabel, BoE's Pill, Fed's Musalem & Cook.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump is pushing the EU to cut tariffs or face extra duties with US negotiators to tell Brussels they expect unilateral concessions, according to FT.European and US equity futures are trading mixed and generally reside on either side of the unchanged mark.USD shunned once again after Thursday's attempted bounce; JPY benefits from hot core inflation data overnight; GBP little moved to firmer-than-expected Retail Sales.Bonds are higher as USTs look to claw back recent losses; some downside in Bunds following German GDP but proved fleeting.Crude remains subdued whilst metals benefit from the softer Dollar ahead of US-Iran talks at 12:00 BST / 07:00 EDT.Looking ahead, Canadian Retail Sales, Speakers including ECB's Schnabel, BoE's Pill, Fed's Musalem & Cook.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were on the back foot following the sell-off on Wall St where stocks, treasuries and the dollar were pressured amid deficit concerns and a weak 20-year auction.US President Trump said he was feeling very good about the bill in Congress; US House Speaker Johnson said on Wednesday that they were yet to decide on a vote on the tax bill that night or on Thursday but added that the Trump tax bill is moving forward.Bitcoin extended on gains and printed a fresh all-time high of above the USD 111k level; Texas House approved the bill to create a Bitcoin reserve.European equity futures indicate a lower cash market open with Euro Stoxx 50 futures down 0.8% after the cash market closed flat on Wednesday.Looking ahead, highlights include EZ, UK, US Flash PMIs, German Ifo, US Jobless Claims, Canadian Producer Prices, NZ Retail Sales, ECB Minutes, Speakers including RBA's Hauser, BoE's Breeden, Dhingra & Pill, ECB's Elderson & de Guindos, BoC's Gravelle, Fed's Barkin & Williams, Supply from Spain, France & US.Earnings from BT, British Land, easyJet, QinetiQ, Tate & Lyle, ConvaTec, Intertek, Generali, PKN Orlen, Allegro, Julius Baer, Galenica, Autodesk, Ross & Analog Devices.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump's Tax/Spending bill is currently being debated in the US House (passed the Rules Committee overnight), the debate has formally hit the two-hour minimum as of the time of publication; vote time TBC.European stocks trade lower following the Wall Street and APAC losses; US equity futures attempt to recover recent losses.USD mixed vs. peers, EUR and GBP digest PMI metrics, JPY narrowly leads.USTs a little firmer finding some reprieve following 20yr weakness, Bunds choppy following EZ PMIs.Crude pressured amid reports of further OPEC+ output hikes, Spot gold a little lower.Bitcoin extended on gains and printed a fresh all-time high of above the USD 111k level; Texas House approved the bill to create a Bitcoin reserve.Looking ahead, US Flash PMIs, Jobless Claims, Canadian Producer Prices, NZ Retail Sales, ECB Minutes. Speakers including RBA's Hauser, BoE's Breeden, Dhingra & Pill, ECB's Elderson & de Guindos, BoC's Gravelle, Fed's Barkin & Williams, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Our analysts Seth Carpenter and Serena Tang discuss why they believe the global economy is set to slow meaningfully in the second half of 2025.Read more insights from Morgan Stanley.----- Transcript -----Serena: Welcome to Thoughts on the Market. I'm Serena Tang, Morgan Stanley's, Chief Global Cross-Asset Strategist.Seth: And I'm Seth Carpenter, Morgan Stanley's Global Chief Economist.Serena: Today we'll discuss Morgan Stanley's midyear outlook for the global economy and markets.It's Wednesday, May 21st at 10am in New York.Seth, you published a year ahead outlook last November. Since President Trump took office back in January, there's been pretty significant policy and economic uncertainty and quite a few surprises. With this in mind, what is your current outlook for the global economy for the second half of this year and into 2026.Seth: So, we titled the outlook Skewed to the Downside because we really do think the U.S. economy, the global economy, is set to slow meaningfully from where we were coming into this year. Let's start with the U.S.As you said, policy changes came in a lot this year since the new administration took over. I would say the two key ones from a macro perspective so far have been trade policy and immigration policy.Tariffs have gone up, tariffs have gone down, tariffs have been suspended. Right now, what we think is going to ultimately take place is that we will see persistent, notable tariffs on China, lower tariffs on the rest of the world, and then we'll have to see how things evolve. What does that mean? Well, it means for the U.S. higher inflation and lower growth. In addition, immigration reform means that growth is going to slow because the growth rate of the labor force is going to slow.Now around the rest of the world, the tariff shock matters as well. When the U.S. puts in tariffs on its imports from other countries, that's negative demand for those other countries. So, we're looking for pretty weak growth in the euro area. Now, I will note, lots of people were excited about possible expansionary fiscal policy in Germany, and we think that's still there. We just don't think it's enough to give the euro area robust growth.In Asia, China's a main driver of the economy. China is a big recipient of these tariffs. We think the deflation cycle that we expected in China keeps going on. This reduction in demand from the U.S. is not going to help, but there'll probably be a little bit at the margin offsetting fiscal policy.So, what does that mean put together? Lackluster growth in China. Call it 4 percent slow growth for yet another year. Overall, the global economy should step down. Will it be a recession? That's one of the key questions that we hear from clients, but we don't think so. Not quite. Just a meaningful step downSerena: Interesting. Any particular regions that seem to be bright spots or surprises -- or perhaps have seen the biggest shift in your outlook?Seth: I guess I'd flag two potential bright spots around the world. The first is India. India has been, for us, a favorite. It will have the highest growth rate of any economy that we have in our coverage area. And because it's such a big economy, that's part of why the global economy can't lose that much steam. India has lots going for it. There are cyclical factors boosting growth in the near term. But there are also longer-term structural policy driven reasons to think that Indian growth will stay solid for the foreseeable future.I guess I'd also throw in Japan. Now its growth rate isn't going to be anywhere near the kind of growth in number terms that we're going to see from India. But this has to be taken in the context of 25 years of essentially zero growth of nominal GDP. The reflationary cycle that we think started a couple years ago remains intact, even with the tariff shock. And so, we're pretty optimistic still that Japanese reflation will continue.Serena: And to what extent are U.S. tariffs contributing to global inflationary pressures? I mean, how do you expect the Fed and other central banks to respond?Seth: The tariffs are imposed by the United States on most of the imports coming into the country, whereas other countries, maybe they have some retaliatory tariffs just against the U.S., but definitely not as broad as the U.S. That means for the U.S. tariffs are going to drive up inflation domestically and drive down growth, whereas for the rest of the world, it's mostly just a negative demand shock. So, they will be disinflationary for the rest of the world and pushing down growth.What does that mean for central banks? Well, outside of the U.S., central banks are going to see this as slowing aggregate demand, and so it's pretty clear what it is that they want to do. If they were hiking, they can stop hiking. If they were going to hold steady, they can lower rates a little bit. And if they were already lowering interest rates like the European Central Bank, well they can probably keep going with that without having to worry. And that's why we think the ECB is going to lower its policy rate to probably 1.5 percent and maybe even lower, which is below where the market is expecting things.Now for the Fed, things are much more tricky. The Fed cares about inflation, the Fed cares about U.S. growth, and both of those variables are going in the opposite direction of what they want over the rest of this forecast. Right now, inflation's too high for the Fed, and history shows that inflation goes up first with tariffs before the growth rate hits. So, the Fed's probably going to wait until the hard data show a bigger slowdown in the economy, a worsening. And the labor market. That is a bigger concern for them than the already too high inflation that is set to rise further over the rest of the year.Serena: And in your view, how does trade policy uncertainty influence business investment, particularly in export-oriented industries or in economies tightly linked to U.S. demand?Seth: Yeah. I think it has to be negative and therein lies one of the biggest challenges is just how negative. And I can't say for sure. But what we do know is that an uncertainty tends to be very negative for business investment spending decisions. If you're trying to make a decision, should I build a new factory?This is something that's going to have a long life to it, and you're going to get benefits hopefully for several years. How big are those benefits relative to the cost? Well, right now it's not at all clear, and so there's an option value to waiting.And we think that uncertainty is depressing investment decisions right now. I think it has to affect export-oriented industries. There's a lot of questions about what sort of retaliatory tariffs, other countries might impose.But it also affects domestic driven businesses because, well, they're going to have to see what their demand is. And some of the ones that are just focused on the U.S. economy are selling imported goods. So, it affects businesses across the board. Serena: Right. And how do U.S. tariff hikes spill over into emerging markets, and how might these countries buffer against these shocks?Seth: Yeah, I think there's a range of outcomes and the range is as wide as there are different countries. If you stay close to home. Take Mexico. Mexico is a big trading partner with the U.S. and early on in this whole tariff discussion, they were actually the targets of lots of tariff threats. That could have hurt them directly because there'd be less demand for their exports to the United States.Now we've got some resolution. We have the trade agreement with Canada and Mexico, and most of Mexico's exports to the U.S. are exempt under those conditions. However, the indirect effect is important as well. Mexico is very attached to the U.S. economy, and so as the U.S. economy slows because of these tariffs, the Mexican economy will slow as well.But there's also an indirect effect through currency markets, and I think this is a channel that's more broadly applicable across EM. If the Fed is going to be on hold, like we think holding interest rates higher for longer than the market might currently think, that means that EM central banks who might want to lower their policy rate to support their economy are going to be caught in a bit of a bind.They can't afford to take the risks that their currency will misbehave if they ease too much too far ahead of the Fed. And so, I think there is a little bit of a constraint for EM central banks, thinking about how much can I attend to domestic matters and how much do I have to pay attention to external matters?Serena: Now, I know forecasting economic growth is difficult in even the best of times, and this has been a period of exceptional volatility. How are you and your economic colleagues factoring all of this uncertainty?Seth: It's a great question and luminary minds like Neils Bohr, the Nobel Laureate in physics, and Yogi Berra, everyone's favorite prophet, have both said, ‘Forecasting is hard, especially about the future.' And this time, as you note, is even more so. So, what can we do? We try to come up with as many different scenarios as we can. We ask ourselves not just what's the most likely outcome, because there's uncertainty. The policy changes could come fast and furious. We also try to ask ourselves, if tariffs were to go back up from where they are now, how would that outcome turn out. If tariffs were to go away entirely, how would that turn out?You have to start thinking more and more, I think, in terms of scenarios.Serena:  And does this, in your view, change how much or how little investors should focus on the macro economy?Seth: Well, I think it means that investors have to focus every bit as much on the macro economy as they have in the past. I think it's undeniable that if we're right – and the U.S. economy slows down materially, and the global economy slows down with it – longer-term interest rates are probably going to come down along the lines of what our colleagues in interest rate strategy think. That makes a lot of sense to me. I think the trickier part though is knowing where the macro economy is going.We've got our forecast, but we are ready to make a revision if the facts change. And I think that's the trickier part for investors. The macro economy still matters but having a lot of conviction about where it's going, and as a result, what it means for asset prices? Well, that's the trickier part.Serena, you've been asking me lots of questions and they've been great questions, but I'm going to turn the table. I'm going to start asking questions right back to you.But we probably have to save that for another episode. So, let's pause it there.Serena: That sounds great Seth.Seth: And to the people listening, I want to say thanks for listening. And if you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or a colleague today.

Discover the value-packed E-Commerce Coffee Break newsletter in this milestone 400th episode!  Host Claus Lauter shares how his twice-weekly newsletter helps busy online sellers stay informed in just 3-5 minutes of reading time.  The newsletter includes curated e-commerce news, podcast episode highlights, and educational tips to improve your online business. Sign up for free at https://newsletter.ecommercecoffeebreak.com/Topics discussed in this episode: What makes this newsletter unique: Curated from 50+ sources in 3–5 mins. How the newsletter is structured: News, podcast picks, education. Why twice-weekly works: Frequent, not overwhelming. What value it provides: Time-saving insights for busy sellers. How it complements the podcast: Direct links to episodes. What premium subscribers get. How the community helps: Connect with fellow merchants. What the readership looks like: 8,100+ and growing. Why feedback matters: Claus replies to every email. Links & Resources Newsletter: https://newsletter.ecommercecoffeebreak.com/Website: https://ecommercecoffeebreak.com/LinkedIn: https://www.linkedin.com/company/ecommerce-coffee-break-podcast/X/Twitter: https://twitter.com/ecomcoffeebreakInstagram: https://www.instagram.com/ecommercecoffeebreak/Get access to more free resources by visiting the show notes athttps://tinyurl.com/jvkjpfxmSUPPORT OUR SPONSORThis episode is sponsored by Ahrefs — the all-in-one marketing intelligence platform trusted by SEO professionals, content creators, and digital marketers around the world. Whether you're doing keyword research, checking backlinks, or analyzing competitors, Ahrefs gives you the tools to make smarter marketing decisions.

APAC stocks traded with a mild positive bias as the region mostly shrugged off the lacklustre lead from Wall St.US House Speaker Johnson said a Thursday tax bill floor vote is still realistic.European equity futures indicate a quiet cash market open with Euro Stoxx 50 future flat after the cash market closed with gains of 0.5% on Tuesday.DXY is extending its losing streak for a third session, EUR/USD is back above 1.13, Cable sits above 1.34 ahead of UK CPI.Israel is preparing a possible strike on Iranian nuclear facilities, according to CNN; not clear whether Israeli leaders have made a final decision.Looking ahead, highlights include UK CPI, G7 Central Bank and Finance Ministers Meeting, ECB's Lagarde, Lane, Nagel & Cipollone, Fed's Barkin & Bowman, Supply from UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US House Speaker Johnson said a Thursday tax bill floor vote is still realistic.China's Commerce Ministry said US measures on China's advanced chips are typical of unilateral bullying and protectionism.Europe opened mostly lower but now trade mixed, US equity futures are in the red.USD remains out of love, GBP digests hot CPI data, EUR/USD back above 1.13.Bearish bias in play, Gilts lag after hot CPI, USTs await fiscal updates.Energy and gold boosted by reports Israel is preparing a possible strike on Iranian nuclear facilities.Looking ahead, G7 Central Bank and Finance Ministers Meeting, Speakers including ECB's Lagarde, Lane, Nagel & Cipollone, Fed's Barkin & Bowman, Supply from the US, Earnings from Snowflake, Zoom, Target, TJX, VF Corp & Medtronic.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

ECB Warns Of ‘Risk of Squeeze' In Gold Market There was a rather unusual warning out from the ECB yesterday regarding the 'risk of a squeeze' in the gold market. So in today's show we go through the report, and some rather alarming comments from the ECB, in the midst of another gold and silver rally. To find out more, click to watch the video now! - To read the report from the ECB go to: https://www.ecb.europa.eu/press/financial-stability-publications/fsr/focus/2025/html/ecb.fsrbox202505_02~7f616fcd3f.en.html - Get access to Arcadia's Daily Gold and Silver updates here: https://goldandsilverdaily.substack.com/ - To get your very own 'Silver Chopper Ben' statue go to: https://arcadiaeconomics.com/chopper-ben-landing-page/ - Join our free email list to be notified when a new video comes out: click here: https://arcadiaeconomics.com/email-signup/ - Follow Arcadia Economics on twitter at: https://x.com/ArcadiaEconomic - To get your copy of 'The Big Silver Short' (paperback or audio) go to: https://arcadiaeconomics.com/thebigsilvershort/ - Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 - #silver #silverprice #gold And remember to get outside and have some fun every once in a while!:) (URL0VD) This video was sponsored by First Majestic Silver, and Arcadia Economics does receive compensation. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-first-majestic-silver/Subscribe to Arcadia Economics on Soundwise

Lauren Winfield-Hill, Katya Witney, Ben Gardner and Yas Rana look ahead to the start of the English international summer, which gets underway with a T20I series against West Indies. Also on the show, Phil Walker's chat with England's new head coach, Charlotte Edwards, as a new era begins. 0:00 Intro / 1:05 Charlotte Edwards interview / 28:56 England / 33:46 West Indies / 37:53 Lauren Winfield-Hill / 51:43 India / 58:28 Outro The Metro Bank Girls in Cricket Fund in collaboration with the ECB aims to triple the number of girls' cricket teams by breaking down barriers and creating supportive and inclusive spaces. Help transform the game, head to https://www.metrobankonline.co.uk/cricket/ to champion the future of girls' cricket.

European bourses are modestly firmer whilst US equity futures sit in negative territory.USD remains out of favour, AUD weighed on after the RBA delivered a 25bps cut (as expected) and amid discussion of a 50bps cut.JGBs briefly hit by a poor auction, fixed recovery continues into numerous Fed speakers.Crude choppy on mixed geopolitics regarding Russia/Ukraine and Iranian nuclear talks.Iranian Supreme Leader Khamenei said "I don't think nuclear talks with the US will be successful", via Mehr news.Looking ahead, Canadian Inflation, NZ Trade, G7 Finance Ministers Meeting, ECB's Cipollone, Nagel, Fed's Bostic, Barkin, Collins, Musalem, Kugler, Daly & Hammack. Earnings from Home Depot & Bilibili.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were marginally higher as the region took impetus from the rebound stateside; S&P 500 and Dow notched six-day win streaksEuropean equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.5% after the cash market closed flat on Monday.FX markets are broadly steady. AUD lags after the RBA delivered a 25bps cut and cut its inflation outlook.US President Trump stated that Russia and Ukraine are to immediately begin negotiations on a ceasefire and an end to the war.US House Speaker Johnson said they are almost there on the tax bill and he is very confident they will get it done.Looking ahead, highlights include German Producer Prices, Canadian Inflation, EZ Consumer Confidence, NZ Trade, G7 Finance Ministers Meeting, RBA's Bullock, BoE's Pill, ECB's Cipollone, Nagel, Fed's Bostic, Barkin, Collins, Musalem, Kugler, Daly & Hammack, Supply from Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Frank Holmes, Daniela Cambone, gold vs bitcoin, ECB fear of gold, European Central Bank, decentralized wealth, monetary authority, global financial system, gold prediction, $6000 gold, systemic fragility, bitcoin challenge, gold as safe haven, financial system warning, U.S. Global Investors, gold market analysis, future of money, central bank policy, gold price forecast, economic instability, alternative assets, digital currency vs gold, inflation hedge, sound money, gold investing, financial system breakdown, monetary trends, central bank fear, gold as alarm bell

Mark Chapman is joined by England fast bowler Mark Wood and former spinner Phil Tufnell to explore the future of English cricket. Head coach Brendon McCullum reveals his vision for the team's new era, the evolution of Bazball, and why Harry Brook is key to the summer ahead. Plus, Charlotte Edwards on England Women's approach and how the ECB is planning for the next generation.

In this episode, we dive into the impact of tariffs on e-commerce brands.Olivier Grinda, Chief Operating Officer at Clearco, shares insights on how these extra costs can hurt profit margins and offers practical strategies for handling the situation. He explains what tariffs are, how they affect brand profits, and why waiting for market conditions to stabilize might be riskier than taking immediate action. Olivier provides valuable advice on financing options that can help businesses weather these challenging times.Topics discussed in this episode: How tariffs cut into your e-commerce profits. Why grasping protectionism's past is key to judging tariffs. How passing costs to customers can hurt demand and loyalty. How to share tariff costs with manufacturers. Why shifting production to Vietnam or Cambodia is so hard. How new shipyard taxes on Chinese vessels will disrupt shipping. What dangers come from “waiting and seeing” during trade shifts. How Clearco's revenue financing can stabilize your cash flow. Why underwriters use margins, reserves, and trends to set rates. What it means to be “mindfully aggressive” in a tariff crisis. Links & Resources Website: https://clear.co/LinkedIn: https://www.linkedin.com/company/getclearco/X/Twitter: https://x.com/getclearcoFacebook: https://www.facebook.com/getclearcoGet access to more free resources by visiting the show notes athttps://tinyurl.com/usakn83jSUPPORT OUR SPONSORThis episode is sponsored by Ahrefs — the all-in-one marketing intelligence platform trusted by SEO professionals, content creators, and digital marketers around the world. Whether you're doing keyword research, checking backlinks, or analyzing competitors, Ahrefs gives you the tools to make smarter marketing decisions.

Lauren Winfield-Hill, Katya Witney, Ben Gardner and Yas Rana react to the first England squads of the Nat Sciver-Brunt and Charlotte Edwards era. There's also Katya's fascinating chat with Emily Arlott, included in those squads after an excellent start to the season. 0:00 Intro / 1:27 Lauren Winfield-Hill / 16:04 England squads / 21:53 What's England's best XI? / 28:47 County round-up / 34:03 Emily Arlott interview / 1:01:59 Outro The Metro Bank Girls in Cricket Fund in collaboration with the ECB aims to triple the number of girls' cricket teams by breaking down barriers and creating supportive and inclusive spaces. Help transform the game, head to https://www.metrobankonline.co.uk/cricket/ to champion the future of girls' cricket.

Mixed APAC trade, US futures range bound while European futures point to a marginally firmer open.DXY remains lower after Thursday's data, EUR/USD marginally reclaimed 1.12, USD/JPY found support at 145.00.Fixed benchmarks extended/held on to recent gains.Crude benchmarks remain underpinned by the latest on US-Iran, metals marginally softer.Looking ahead, highlights include US Export/Import Prices, UoM Sentiment Survey, BoC SLOS, Speakers including ECB's Lane, Cipollone & Fed's Barkin.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Stocks are broadly in positive territory; US equity futures are modestly higher ES +0.3%.USD on the backfoot but only marginally so, EUR & GBP pivot 1.12 & 1.33 vs the USD.Bonds are firmer but are currently set to end a tumultuous week back where they started.Crude is awaiting geopolitical updates from numerous regions/conflicts, XAU dips.Looking ahead, US Export/Import Prices, UoM Sentiment Survey, BoC SLOS, Speakers including ECB's Lane, Cipollone & Fed's Barkin.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Mark Zuckerberg zal geen fijne dag hebben. Die wordt namelijk ingehaald door zijn grote concurrent, TikTok. Moederbedrijf Bytedance ziet de omzet met 20 procent stijgen, ondanks de pogingen van de VS om TikTok op zwart te zetten. Daardoor zou Bytedance eind dit jaar even groot zijn als Zuckerberg's Meta. Christine Lagarde schreef al drie keer geschiedenis: als eerste vrouwelijke financiënminister in Frankrijk, als eerste vrouw die het IMF leidde, en als eerste vrouwelijke baas van de Europese Centrale Bank. Maar daar kan een vierde bladzijde bijkomen. Volgens Bloomberg maakt ze namelijk ook goede kans op het stoeltje van Klaus Schwab bij het World Economic Forum. Gaat ze daarvoor vervroegd vertrekken bij de ECB? Verder gaat het over Novo Nordisk. Beleggers zijn in de war, want de topman vertrekt opeens. Vermoedelijke reden: de farmaceut verliest de competitie om afvalmedicatie van concurrent Eli Lilly. En dat raakt de prijs van het aandeel te hard. Maar de vraag blijft of het wegsturen van de ceo dat gaat oplossen. Je hoort ook wat er aan de hand is bij Coinbase. Het cryptoplatform krijgt twee klappen te verwerken. Iemand perst ze af, maar de toezichthouder denkt ook dat Coinbase zelf beleggers uitperst. En we blikken terug op de week van Donald Trump. Zijn regering sloot plotseling een tijdelijke deal met China. En zelf zat hij ook niet stil, want hij wist honderden miljarden dollars los te peuteren in het Midden Oosten.See omnystudio.com/listener for privacy information.

APAC stocks were predominantly lower following the mixed handover from Wall St, where the major indices were somewhat choppy and small caps underperformed as yields edged higher.US equity futures were lacklustre with participants awaiting comments from Fed Chair Powell and a slew of US data releases.European equity futures indicate a slightly lower cash market open with Euro Stoxx 50 futures down 0.3% after the cash market finished with losses of 0.2% on Wednesday.Iran is ready to sign an agreement with certain conditions in exchange for the lifting of sanctions and would commit to never making nuclear weapons, as well as getting rid of its stockpiles of highly enriched uranium, according to a top advisor to the Supreme Leader cited by NBC News.Russian President Putin was not on a list of negotiators the Kremlin published for talks with Ukraine in Istanbul on Thursday.Looking ahead, highlights include German Wholesale Price Index, UK GDP, EZ Employment & GDP, US NY Fed Manufacturing, Jobless Claims, Philly Fed Index, PPI, Retail Sales & Industrial Production, IEA OMR, Speakers include ECB's Cipollone, Elderson & de Guindos, Fed Chair Powell & Barr, BoE's Dhingra, Supply from US.Earnings from Applied Materials, Take-Two, Alibaba, Walmart, Deere, Deutsche Telekom, Siemens, Allianz, Merck, Thyssenkrupp, RWE, Siemens, National Grid, United Utilities & Richemont.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are subdued awaiting US data and Fed Chair Powell; US equity futures also tilt lower (ES -0.6%).DXY is subdued and contained whilst havens seen some inflows amid the broader risk tone.Fixed income benchmarks trade slightly firmer into US data and Fed Chair Powell's speech. Crude futures are curtailed by Trump suggesting the US is getting close to a deal with Iran, while metals await data & Powell.Looking ahead, highlights include US NY Fed Manufacturing, Jobless Claims, Philly Fed Index, PPI, Retail Sales & Industrial Production, IEA OMR, Speakers include ECBʼs de Guindos; Fed Chair Powell & Barr, BoEʼs Dhingra. Earnings from Applied Materials, Take-Two, Alibaba, Walmart, Deere.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Discover how to navigate e-commerce outsourcing to streamline operations and scale your business. Siva Balakrishnan, founder and CEO of Vserve with over 20 years of e-commerce outsourcing experience in the US market, shares strategies for brands at different growth stages. Learn how the right partner can help optimize supply chain management, expand to multichannel selling, and improve profitability while navigating today's complex omnichannel marketplace.Topics discussed in this episode: How to boost EBITDA and ad returns as your brand grows. What smart outsourcing looks like at each business stage. How to build a strong supply chain with tech and people. What shifts when moving from single-channel to omnichannel. Why knowing marketplace quirks fuels multichannel growth. How to stay clear and open when working with outsourcers. What makes a mid-market ecom brand ideal for outsourcing. How to pick between retainer and project pricing. What steps to take to start outsourcing with lasting results. Links & Resources Website: https://vservesolution.com/LinkedIn: https://www.linkedin.com/company/vservesolution/posts/LinkedIn: https://www.linkedin.com/in/siva-balakrishnan-38216b1/Facebook: https://www.facebook.com/vservesolution1Get access to more free resources by visiting the show notes athttps://tinyurl.com/2satzjt7SUPPORT OUR SPONSORThis episode is sponsored by Ahrefs — the all-in-one marketing intelligence platform trusted by SEO professionals, content creators, and digital marketers around the world. Whether you're doing keyword research, checking backlinks, or analyzing competitors, Ahrefs gives you the tools to make smarter marketing decisions.

White House economic adviser Hassett said the administration has more than 20-25 deals on the table with deals close to being finalised and when President Trump returns, he will announce the next deal, according to a Fox interview.US President Trump said his relationship with China is good and he could see himself dealing with Chinese President Xi on a deal, according to a Fox News interview.US President Trump said the market will go higher and it is amazing what a climbing market will do.APAC stocks traded somewhat mixed but with the region predominantly in the green following the momentum from the constructive performance on Wall St.European equity futures indicate a lower cash market open with Euro Stoxx 50 futures down 0.2% after the cash market closed with gains of 0.4% on Tuesday.Looking ahead, highlights include German/Spanish CPI (Final), OPEC MOMR, Speakers include BoE's Breeden, ECB's Cipollone, Fed's Waller, Jefferson & Daly, Supply from UK & Germany, Earnings from Cisco Systems, CoreWeave, Alcon, Imperial Brands, Burberry, Daimler Truck, Brenntag & Por.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

White House economic adviser Hassett says the administration has more than 20-25 deals on the table and when President Trump returns, he will announce the next deal, according to a Fox interview.Stocks opened mixed but now hold a downward bias as the risk tone dips; US futures flat/modestly lower.DXY is hit and makes a fresh WTD low, JPY leads.Bonds hold an upward bias as risk appetite deteriorates, Bunds see modest upside on a well-received German auction.Crude clipped as Trump speaks in Saudi, commodities fail to benefit from USD downside.Looking ahead, OPEC MOMR Speakers including ECB's Cipollone, Fed's Jefferson & Daly. Earnings from Cisco Systems, CoreWeave.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ruim de helft van de Amerikanen is linksom of rechtsom ‘belegd’ in de economie – direct, via levensverzekering of pensioen. In de eurolanden ligt dat percentage tussen de 10 en 20 procent, zegt macro-econoom Edin Mujagic, wiens gedachten meteen uitgingen naar het inmiddels roemruchte rapport van voormalig ECB-baas Mario Draghi. ‘Één van zijn aanbevelingen is om het Europese geld, dat er wel degelijk is, meer te mobiliseren, door Europeanen meer te laten beleggen.’ Vooralsnog lijkt dat ijdele hoop: als het aan Draghi ligt gaan Europeanen simpelweg meer op Amerikanen lijken, en wordt beleggen een stuk populairder, ten koste van de grote spaartraditie, zegt Mujagic. ‘Ook Nederland hebben we momenteel zo’n 500 miljard euro op onze spaarrekeningen staan. En dat is toch geld dat niet actief bijdraagt aan het doel dat we met elkaar hebben, namelijk een betere euro-economie.’ See omnystudio.com/listener for privacy information.

APAC stocks traded mostly higher following the rally on Wall St owing to the US-China trade war de-escalation after both sides agreed to cut tariffs by 115ppts for an initial period of 90 days, although some of the gains were capped as the euphoria began to moderate.White House Executive Order said US will cut the minimum tariff on China shipments from 120% to 54%, and a minimum flat fee of USD 100 is to remain.DXY took a breather and gave back some of yesterday's firm gains; 10yr UST futures traded rangebound after recently suffering from a lack of haven appealEuropean equity futures indicate a lower cash market open with Euro Stoxx 50 futures down 0.2% after the cash market finished with gains of 1.6% on Monday.Looking ahead, highlights include UK Jobs, German ZEW, US CPI, Speakers include US President Trump, BoE's Pill, Bailey & ECB's Rehn, Supply from Netherlands, UK, Italy & Germany, Earnings from JD.Com, Intuitive Machines, On, Munich Re, Hannover Re, Bayer, K+S, Leg, Ferrovial & A2A.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

White House Executive Order said US will cut the minimum tariff on China shipments from 120% to 54%, and a minimum flat fee of USD 100 is to remain.European bourses are modestly firmer while US futures dip into the red. Focus this morning has been on Bloomberg reporting, which suggests China is to lift its ban on Boeing deliveries after the US-China tariff pause.DXY takes a breather to the benefit of other G10s; Antipodeans lead.EGBs and Gilts hit marginal new WTD lows, USTs await CPI & Trump.A subdued Dollar provides some modest strength for XAU/base metals.Looking ahead, US CPI, Speakers including BoE's Bailey & ECB's Rehn.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

What if a single mistake by the European Central Bank could send Europe into a recession? Ricardo Reis, one of the most awarded Portuguese economists of his generation, dismantles the myths around inflation and shows why keeping it under control is a delicate art - with inevitable costs.In this episode of It's Not That Simple, the professor of Economics at the London School of Economics, dismantles the idea that this variable can be easily controlled - especially when political decisions, public expectations, and global shocks intersect.In this conversation, Ricardo Reis reminds that the pandemic and the war in Ukraine were two major tests for monetary policy. In 2020, central banks feared deflation and lowered interest rates. In 2021, people spent more than expected - and inflation surged. When the second shock hit - the war - expectations were already unanchored. «It was this accumulated error that made 2022 inflation more persistent».The response - raising rates - worked. «Inflation fell without unemployment rising, but it would have dropped faster if there had been a recession». That's the dilemma that Reis knows well, because he is also an academic consultant to the Bank of England, the Riksbank and the Federal Reserve Bank of Richmond.And now? The worst is behind us, but expectations have changed. The trust  in the ECB is no longer what it once was.Beyond that, the tariffs imposed by the US on imported goods are the next test, according to the professor. «They'll generate domestic inflation and a recession», but the risk is global, as they trigger trade wars and could force Europe to retaliate. Could the result be a recession in Europe, as well?

Subscribe to the ECB newsletter: https://newsletter.ecommercecoffeebreak.com/ ---In this episode, we dive into a genius solution for handling open box returns. Brad Sorock, e-commerce veteran and creator of the Shopify app "Returns for Sale," shares how his app helps merchants easily sell returned items at discounted prices. Learn how his unique tool transforms a common e-commerce headache into a revenue opportunity while supporting sustainability by keeping returned products out of landfills.Topics discussed in this episode: Why efficient open box returns matter.How drip pricing optimizes product sales.Why different industries struggle with returns.How seamless Shopify integration simplifies processes.Why customer service is a top priority.How location independence shapes business strategy.Why eco-consciousness drives app development.What challenges exist in marketing the app.Links & Resources Website: https://returnsforsale.com/Shopify App Store: https://apps.shopify.com/returnsforsaleLinkedIn: https://www.linkedin.com/in/brad-sorock-7054a02/Get access to more free resources by visiting the show notes athttps://tinyurl.com/27n38ef9SUPPORT OUR SPONSOR This episode is sponsored by Ahrefs — the all-in-one marketing intelligence platform trusted by SEO professionals, content creators, and digital marketers around the world. Whether you're doing keyword research, checking backlinks, or analyzing competitors, Ahrefs gives you the tools to make smarter marketing decisions.

US President Trump said there was a very good meeting with China on Saturday, and many things were discussed and much agreed to, while he stated a total reset was negotiated in a friendly but constructive manner.USTR Greer said differences are not as great as previously thought, and Treasury Secretary Bessent said he looks forward to sharing details on Monday morning.Chinese Vice Premier He Lifeng said trade talks were constructive, and they made substantive progress, while both sides reached an important consensus and agreed to establish a China-US trade consultation mechanism with a joint statement to be issued on May 12th.US President Tump said he will sign an executive order on Monday at 09:00EDT with prescription drug and pharmaceutical prices to be reduced almost immediately by 30%-80% and the US is to pay the same price as the nation that pays the lowest price anywhere in the world."Ukraine and European leaders said they agreed to an unconditional 30-day ceasefire on sea, land and air starting on May 12th and peace negotiations will start in that period if there is a ceasefire, while they said if Russia fails to comply, they will respond with massive sanctions and increased military aid.APAC stocks began the week with mild gains amid hopes related to a US-China trade deal after substantive progress was said to have been made during talks in Switzerland over the weekend, but with gains capped given a lack of details announced so far and with the sides to provide a joint statement later today.US equity futures gapped higher; European equity futures indicate a higher cash market open with Euro Stoxx 50 futures up 0.9% after the cash market closed with gains of 0.4% on Friday.Looking ahead, highlights include US Federal Budget, Speakers including ECB's Schnabel, BoE's Lombardelli, Greene, Mann, Taylor & Fed's Kugler, Earnings from Grifols, Almirall & Evonik.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

“Gold and dollars would have saved you definitely,” says IE Business School professor Daniel Lacalle, referring to the widespread power outage in Spain that also crippled communications and access to water recently. In today's interview, he tells Daniela Cambone that in a crisis like that, electronic fiat money doesn't work. “You go to a store and you have to use this gold ring and you get food. That's for sure.” He also points out that the blackout was caused by politically driven energy policies that overly rely on volatile renewable sources without sufficient backup from stable power sources like nuclear and hydro. “The ideology of energy makes no sense… renewables are left-wing and nuclear is right-wing? That makes no sense.” Additionally, he argues that the attack on cash reflects the elite's effort to tighten social control, referring to a promotional video from the ECB that touted the digital euro's viability even without electricity or internet. Watch the video to learn how you can better prepare for situations like this one. Key Facts: Prof. Lacalle shares behind-the-scenes chaos during Spain's blackout.Why could Spain's massive blackout have been prevented?How can gold and dollars come to the rescue during blackout situations?The ECB's master plan to introduce a digital euro.Could a massive blackout happen in the U.S. too?

Subscribe to the ECB newsletter: https://newsletter.ecommercecoffeebreak.com/ ---In this episode, we dive into how to create an effective cross-selling strategy to boost your online store's average order value. Our guest Varun Kundra, co-founder of AfterSell, shares practical insights on the psychology behind successful upselling and cross-selling. He explains different ways to implement these strategies - in cart, at checkout, and post-purchase. Varun also introduces an innovative "network offers" feature that lets merchants earn passive income by displaying relevant third-party offers on their confirmation pages. Learn how personalization, timing, and presentation can significantly impact your cross-selling success.Topics discussed in this episode: How to get the right cross sell offer. What are the types of cross sell offers. Why cross selling will boost your AOV. How to implement cross-selling post-purchase. Why post-purchase timing creates the perfect upsell opportunity. How to monetize your thank-you page with other brands' products. Why smart merchants are becoming mini retail media networks. The most effective post-purchase upsell implementation revealed. How to earn passive income displaying 3rd party offers on Shopify. Links & Resources Website: https://www.aftersell.com/Shopify App Store: https://apps.shopify.com/aftersellLinkedIn: https://www.linkedin.com/in/vk1/X/Twitter: https://x.com/varkundraGet access to more free resources by visiting the show notes athttps://tinyurl.com/hha27ypzSUPPORT OUR SPONSORTry Brevo for free or use code ECB for 50% off Starter & Business Plans (first 3 months, annual plan).

Following the the ECB's ban on trans women participating in competitive recreational cricket, the panel get into why the decision was made and what the future holds for trans women in cricket. Later in the show there's Lauren Winfield-Hill on all the action from the Metro Bank One Day Cup. 0:00 Intro / 3:25 Suzi James speaks to Phil Walker about the decision / 35:07 Studio chat / 48:13 Lauren Winfield-Hill / 1:00:24 Outro The Metro Bank Girls in Cricket Fund in collaboration with the ECB aims to triple the number of girls' cricket teams by breaking down barriers and creating supportive and inclusive spaces. Help transform the game, head to https://www.metrobankonline.co.uk/cricket/ to champion the future of girls' cricket.

In the week to date, the major themes remain around tariffs, policy and uncertainty, and what central banks will make of it all. Weaker growth but higher inflation could leave central banks in a tricky spot. In the week ahead, our focus in the US will be on April retail sales and CPI, and the latest tariff developments. In Europe, we recap the central bank meetings over the past week and look ahead to UK labour market and GDP data. Then we turn to Japan to consider Q1 growth, as well as tariff and trade negotiations. Chapters: US (01:47), Europe (09:54), Japan (13:19), Asia (16:12).

This week on Taking Stock Susan Hayes Culleton talks to Pilita Clark of the Financial Times and Carolie Reidy of the HR Suite about a new working plan by the ECB called '3-5-8' which means employees must move roles after 8 years.Susan also talks to Chris Stokel-Walker about the real cost of using 'free' social media platforms.Plus, Rory Gillen of Gillen Markets looks at the 'investing' life of Warren Buffet as he finally calls it a day.

Investors were caught off guard last week when the Taiwanese dollar surged to a multi-year high. Our strategists Michael Zezas and James Lord look at what was behind this unexpected rally.Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Morgan Stanley's Global Head of Fixed Income Research and Public Policy Strategy.James Lord: And I'm James Lord Morgan Stanley's, Global Head of FX and EM Strategy.Michael Zezas: Today, we'll focus on some extreme moves in the currency markets and give you a sense of what's driving them, and why investors should pay close attention.It's Thursday, May 8th at 10am in New York.James Lord: And 3pm in London.Michael Zezas: So, James, coming into the year, the consensus was that the U.S. dollar might strengthen quite a bit because the U.S. was going to institute tariffs amongst other things. That's actually not what's happened. So, can you explain why the dollar's been weakening and why you expect this trend to continue?James Lord: I think a big factor for the weakening in the dollar, at least in the initial part of the year before the April tariff announcements came through, was a concern that the U.S. economy was going to be slowing down this year. I mean, this was against some of the consensus expectations at the beginning of the year.In our year ahead outlook, we made this call that the dollar would be weakening because of the potential weakness in the U.S. economy, driven by slow down in immigration, limited action on fiscal policy. And whatever tariffs did come through would be kind of damaging for the U.S. economy.And this would all sort of lead to a big slowdown and a kind of end to the U.S. exceptionalism trade that people now talk about all the time. And I think since April 1st or April 2nd tariff announcements came, the tariffs were so large that it raised real concerns about the damage that was potentially going to happen to the U.S. economy.The sort of methodology in which the tariff formulas were created raised a bit of concern about the credibility of the announcements. And then we had this constant on again, off again, on again, off again tariffs. That just created a lot of uncertainty. And in the context of a 15-year bull market of the dollar where it had sucked enormous amounts of capital inflows into the U.S. economy. You know, investors just felt that maybe it was worth taking a few chips off the table and unwinding a little bit of that dollar risk. And we've seen that play out quite notably over the last month. So, I think it's been, yeah, really that those concerns about growth but also this sort of uncertainty about policy in general in the context of, you know, a big bull run for the dollar; and fairly heavy valuations and positioning. Those have been the main issues, I think.Michael Zezas: Right, so we've got here this dynamic where there are economic fundamental reasons the dollar could keep weakening. But also concerns from investors overseas, whether they're ultimately founded or not, that they just might have less demand for owning U.S. dollar denominated assets because of the U.S. trade dynamic. Now it seems to me, and correct me if I'm wrong, that there was a major market move in the past week around the Taiwanese dollar, which reflected these concerns and created an unusually large move in that currency. Can you explain that dynamic?James Lord:  Yeah, so we've seen really significant moves in the Taiwan dollar. In fact, on May 2nd, the currency saw its largest one-day rally since the 1980s, and over two days gained over 6.5 percent, which for a Taiwan dollar, which is pretty low volatility currency usually, these are really big moves. So in our view, the rally in the Taiwan dollar, and it was remarkably big. We think it's been mostly driven by Taiwanese exporters selling some of their dollar assets with a little bit of foreign equity inflow helping as well. And this is linked back to the sort of trade negotiations as well.I mean, as you know, like one of the things that the U.S. administration has been focused on currency valuations. Historically, many people in the U.S. administration believe the dollar is very strong. And so there has been this sort of issue of currency valuations hanging over the trade negotiations between the U.S. and various Asian countries. And local media in Taiwan have been talking about the possibility that as part of a trade negotiation or trade deal, there could be a currency aspect to that – where the U.S. government would ask the Taiwanese authorities to try to push Taiwan dollar stronger.And you know, I think this sort of media reporting created a little bit of a -- well, not just a little, a significant shift from Taiwanese exporters where they suddenly rush to sell their dollar deposits in to get ahead of any possible effort from the Taiwanese authorities to strengthen their currency. The central bank is being very clear on this.We should have to point this out that the currency has not been part of the trade deal. And yet this hasn't prevented market participants from acting on the perceived risk of it being part of the trade talks. So, you know, Taiwanese exporters own a lot of dollars. Corporates and individuals in Taiwan hold about $275 billion worth of FX deposits and for an $800 billion or so economy, that's pretty sizable. So we think that is that dynamic, which has been the biggest factor in pushing Taiwan dollar stronger.Michael Zezas: Right, so the Taiwan dollar is this interesting case study then in how U.S. public policy choices might be creating the perception of changes in demand for the dollar changes in policy around how foreign governments are supposed to value their currency and investors might be getting ahead of that.Are there any other parts of the world where you're looking at foreign exchange globally, where you see things mispriced in a way relative to some of these expectations that investors need to talk about?James Lord: We do think that the dollar has further to go. I mean, it's on the downside. It's not necessarily linked to expectations that currency agreements will be part of any trade agreement. But, we think the Fed will need to cut rates quite a bit on the back of the slow down in the U.S. economy. Not so much this year. But Mike Gapen and Seth Carpenter, and the U.S. economics team are expecting to see the Fed cut to around 2.5 per cent or so next year. And that's absolutely not priced. And, And so I think as this slowdown – and, this is more of a sort of traditional currency driver compared to some of these other policy issues that we've been talking about. But if the Fed does indeed cut that far, I do think that that's going to put some meaningful pressure on the dollar. And on a sort of interest rate differential perspective, and when we look at what is mispriced and correctly priced, we see the Fed as being mispriced, but the ECB is being quite well priced at the moment.So as that weakening downward pressure comes through on the dollar, it should be reflected on the euro leg. And we see it heading up to 1.2. But just on the trade issue, Mike, what's your view on how those trade negotiations are going? Are we going to get lots of deals being announced soon?Michael Zezas: Yeah, so the news flow here suggests that the U.S. is engaged in multiple negotiations across the globe and are looking to establish agreements relatively quickly, which would at least give us some information about what happens next with regard to the tariffs that are scheduled to increase after that 90 day pause that was announced in earlier in April. We don't know much beyond that.I'd say our expectation is that because the U.S. has enough in common in terms of interests and how it manages its own economy and how most of its trading partners manage their own economies – that there are trade agreements, at least in concept. Perhaps memorandums of understanding that the U.S. can establish with more traditional allies, call it Japan, Europe, for example, that can ultimately put another pause on tariff escalation with those countries.We think it'll be harder with China where there are more fundamental disagreements about how the two countries should interact with each other economically. And while tariffs could come down from these very, very high levels with China, we still see them kind of settling out at still meaningful substantial headline numbers; call it the 50 to 60 per cent range. And while that might enable more trade than we're seeing right now with China because of these 145 per cent tariff levels, it'll still be substantially less than where we started the year where tariff levels were, you know, sub 20 per cent for the most part with China.So, there is a variety of different things happening. I would expect the general dynamic to be – we are going to see more agreements with more counterparties. However, those will mostly result in more pauses and ongoing negotiation, and so the uncertainty will not be completely eliminated. And so, to that point, James, I think I hear you saying that there is potentially a difference between sometimes currencies move based on general policy uncertainty and anxieties created around that.James Lord: Yeah, that's right. I think that's safer ground, I think for us as currency strategists to be anchoring our view to because it's something that we deal with day in, day out for all economies. The impact of this uncertainty variable. It could be like, I think directionally supports a weaker dollar, but sort of quantifying it, understanding like how much of that is in the price; could it get worse, could it get better? That's something that's a little bit more difficult to sort of anchor the view to. So, at the moment we feel that it's pushing in the same direction as the core view. But the core view, as you say, is based around those growth and monetary policy drivers.So, best practice here is let's keep continuing to anchor to the fundamentals in our investment view, but sort of recognize that there are substantial bands of uncertainty that are driven by U.S. policy choices and by investors' perceptions of what those policy choices could mean.Michael Zezas: So, James conversations like this are extremely helpful to our audience. We'll keep tracking this carefully. And so, I just want to say thank you for taking the time to talk with us today.James Lord: I really enjoyed it. Looking forward to the next one.Michael Zezas: Great. And thank you for listening. If you enjoy the podcast, please leave us a review wherever you listen to the podcast and share Thoughts on the Market with a friend or colleague today.

Subscribe to the ECB newsletter: https://newsletter.ecommercecoffeebreak.com/ ---In this episode, Yi Hung Lin (Jeffrey), founder of AB Convert, breaks down how A/B testing helps you grow a Shopify store the smart way. Jeffrey explains how smart testing can significantly boost your profits. Learn how to make data-driven decisions about pricing, shipping thresholds, and other key factors that can increase conversion rates by 10-15% without spending more on advertising. Topics discussed in this episode: What makes A/B testing a scientific growth tool. How simple tests like banner copy swaps yield conversion data. Why starting with a clear hypothesis and the Store Growth formula matters. What native Shopify experiments AB Convert enables. Why only about 7% of tests are expected to win. What test duration to aim for—10K sessions or 200 orders. Why pre-test prep like theme cleanup and code audits is important. How real case studies—like 5% price hikes or AOV boosts—prove ROI. Links & Resources Website: https://www.abconvert.io/ Shopify App Store: https://apps.shopify.com/a-b-convert-price-a-b-test LinkedIn: https://www.linkedin.com/in/yi-hung-lin-040889138/ X/Twitter: https://x.com/billionxdev Get access to more free resources by visiting the show notes athttps://tinyurl.com/5ajsjnpn SUPPORT OUR SPONSOR This episode is sponsored by Ahrefs — the all-in-one marketing intelligence platform trusted by SEO professionals, content creators, and digital marketers around the world. Whether you're doing keyword research, checking backlinks, or analyzing competitors, Ahrefs gives you the tools to make smarter marketing decisions.

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 6th May 2025.

The latest price moves and insights with Jennifer Sanasie and Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad.To get the show every day, follow the podcast here.Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad joins CoinDesk to discuss the state of crypto in Europe under the impact from previous ECB rate cut decisions and the MiCA regulatory framework. Plus, he weighs in on Bitpanda's recent partnership with FC Basel 1893 and the intersection between sports and crypto.This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.-This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and edited by Victor Chen.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The latest price moves and insights with Jennifer Sanasie and Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad.To get the show every day, follow the podcast here.Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad joins CoinDesk to discuss the state of crypto in Europe under the impact from previous ECB rate cut decisions and the MiCA regulatory framework. Plus, he weighs in on Bitpanda's recent partnership with FC Basel 1893 and the intersection between sports and crypto.This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.-This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and edited by Victor Chen.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Season 18, Episode 11: A charged political atmosphere this week, with Australia's election having just taken place, while the ECB fold to the current campaign to push transgender people to the margins of society. Meanwhile, India and Pakistan tensions reach their highest level in years, with cricket relations sure to be further affected. Otherwise, Kagiso Rabada is back after a spell on the Plum Warners, Bangladesh level the Test series with Zimbabwe, and there's our county wrap plus IPL with Ben Jones. Support the show with a Nerd Pledge at ⁠⁠⁠patreon.com/thefinalword⁠⁠⁠ Tickets for our Wormsley match, August 18: ⁠⁠⁠uk.emma-live.com/WormsleyFinal2025⁠⁠⁠ Subscribe to Wisden and never pay full price for the Almanack again: ⁠www.wisdenalmanack.com/subscribe⁠ Get your big NordVPN discount: ⁠⁠⁠nordvpn.com/tfw⁠⁠⁠ Sort out expat finances with Odin Mortgage & Tax: ⁠⁠⁠odinmortgage.com/partner/the-final-word⁠⁠⁠ Maurice Blackburn Lawyers - fighting for the rights of workers since 1919: ⁠⁠⁠mauriceblackburn.com.au⁠⁠⁠ Get 10% off Glenn Maxwell's sunnies: ⁠⁠⁠t20vision.com/FINALWORD⁠⁠⁠ Save more, earn more—up to 4.48% AER (variable). Interest rates are tiered, with the top rate for balances over £1M. Each tiered rate applies to the portion within that range. New members get these rates free for 6 months; after that, your Tide plan's rates apply. For full offer T&Cs visit ⁠⁠⁠https://tide.co/savings⁠⁠⁠ Claim £100 cash back (on a £5k deposit) at: ⁠⁠⁠https://tide.co/offers/tfw⁠⁠⁠ Find previous episodes at ⁠⁠⁠finalwordcricket.com⁠⁠⁠ Title track by ⁠⁠⁠Urthboy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Subscribe to the ECB newsletter: https://newsletter.ecommercecoffeebreak.com/ ---In this episode, email marketing expert Gavin Hewitson reveals how to boost conversions by treating customers and non-customers differently in your email campaigns. Learn why reiterating offers to non-customers is crucial for getting that difficult first purchase, and why most brands miss this simple yet powerful segmentation strategy. Gavin shares his expertise on creating effective welcome flows, optimizing popup forms, and building email strategies that drive real results through personalized customer journeys. Get Access to 70 Fully Editable Email Templates for FREE: https://in-box.co.nz/newsletter/Topics discussed in this episode: Why treating all subscribers the same hurts conversionsWhat customer vs. non-customer segments reveal about revenueHow repeating signup offers speeds up first purchasesWhat a high-performing welcome series looks likeHow popups and flyouts boost both signups and salesWhy showing the discount code on-site works betterWhat zero-party data unlocks for personalizationHow storytelling + segmentation drive deeper engagementKey KPIs to set when hiring an agency (and revenue-share red flags)How small flow tweaks lead to long-term revenue growthLinks & Resources Website: https://in-box.co.nz/70 Fully Editable Email Templates for FREE: https://in-box.co.nz/newsletter/LinkedIn: https://www.linkedin.com/in/gavin-hewitson-bb561685/X/Twitter: https://x.com/KlaviyodeepdiveYouTube: https://www.youtube.com/@GavinhewitsonsemailGet access to more free resources by visiting the show notes athttps://tinyurl.com/2s5d677dSUPPORT OUR SPONSORTry Brevo for free or use code ECB for 50% off Starter & Business Plans (first 3 months, annual plan).

Morse code transcription: vvv vvv Russell Brand appears in court for first hearing Sir John Curtice Reform challenging Conservative and Labour dominance ECB says transgender women cannot compete in womens cricket with immediate effect Marks and Spencer says it is working day and night over cyber attack Liverpool fans celebrations during title win caused earth tremors Local elections Bruised Tories and Labour left working out how to tackle Reform Local elections 2025 Who won in my area What happened in local elections overnight and whats still to come AfD classified as extreme right by German intelligence Princess Charlotte photo released to mark 10th birthday

Henry Moeran is alongside BBC Sport Cricket writer Ffion Wynne at Lord's as the ECB & the ICC launch the 2026 Women's T20 World Cup, as it's announced that the venue will host the final of the tournament. After it was announced that Nat Sciver-Brunt would replace Heather Knight as England captain, what kind of captain would the all-rounder be? Charlotte Edwards looks forward to the partnership with Sciver-Brunt, and Lauren Bell & Sophia Dunkley share their excitement as England enter a new era. Plus, Red Rose and World Rugby Women's Player of The Year 2024 Ellie Kildunne discusses the impact a home international tournament can have on boosting a sport's profile.