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Chinese authorities will hold a press conference on Monday to announce further measures to prompt economic growth and employment. Present will be officials from the:

• National Development and Reform Commission
• Ministry of Human Resources and Social Security
• Ministry of Commerce
• People’s Bank of China

Scheduled for 10 Beijing time on Monday, April 28, 2025.

• Which is 0200 GMT and 2200 US Eastern time on Sunday

On Friday China’s ruling politburo missed a statement promising to strengthen support for the real economy

This article was written by Eamonn Sheridan at www.forexlive.com.

The Financial Times with the info:

The Financial Times is gated, but in brief:

• The Port of Los Angeles, the main route of entry for goods from
  China, expects scheduled arrivals in the week starting May 4 to be a
  third lower than a year before, while airfreight handlers have also
  reported sharp falls in bookings.
• Bookings for standard 20-foot shipping containers from China to the
  US were 45 per cent lower than a year earlier by mid-April
• cost of access to the US market would be the highest since the
  1930s

The FT article has much more detail, if you can access it here is the link.

***

There may be some hop on the horizon:

• Walmart has notified Chinese suppliers to resume shipping goods – report

This article was written by Eamonn Sheridan at www.forexlive.com.

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Latvian central bank governor, and therefore a Governing Council member of the European Central Bank, Martins Kazaks. Comments reported via Bloomberg.

Bloomberg is gated, but in brief, Kazak’s main points were:

• US tariff policies may slow down inflation and cause a recession
• But developments are head are unclear right now
• “If inflation were to undershoot the target significantly and for an extended period of time, the natural choice would be to lower interest rates into stimulus territory. Currently it is not the case.”
• “We are at 2.25% — the question is more about whether we will have to go much lower below 2%. We’ll do it if we have to, but the economic picture would have to become much weaker for that to happen and to weigh down on inflation further.”

Earlier:

• ECB’s Simkus says the Bank could lower interest rates at least two more times this year

Adam posted over the weekend:

• ECB policymakers warm up to a June cut — sources report

This article was written by Eamonn Sheridan at www.forexlive.com.

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