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The CME turns on Globex again in just a few minutes time.
About the latest I’ve seen on tariff talk (lack of) developments with China is this from US Treasury Secretary Bessent over the weekend:
Some Trump comments are crossing the wires as I post, but nothing on tariffs/economy so far. If there are, I’ll get ’em posted.
Meanwhile, its time to …
This article was written by Eamonn Sheridan at www.forexlive.com.
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U.S. Treasury Secretary Scott Bessent spoke with US media on Sunday. Bessent said that while he spoke with his Chinese counterparts last week during International Monetary Fund meetings in Washington, tariffs were not mentioned!
Further in the interview Bessent refused to back up Trump’s assertion that Trump had spoken with China’s President Xi:
Bessent went on to comment on why Xi had not spoken with Trump:
Last week Bessent said tariff negotiations with Beijing would be a “slog”. He didn’t float any timetable.
***
Bessent is showing himself as one of the few (the only?) of Trump’s officials who is game enough to dispute Trump’s lack of veracity in public.
This article was written by Eamonn Sheridan at www.forexlive.com.
Monday, April 28
Canada Federal Election (All day)
Tuesday, April 29
U.S. JOLTS Job Openings (Forecast: 7.48M; Prior: 7.57M)
Australia CPI q/q (Forecast: 0.8%; Prior: 0.2%)
Australia CPI y/y (Forecast: 2.3%; Prior: 2.4%)
Australia Trimmed Mean CPI q/q (Forecast: 0.6%; Prior: 0.5%)
China Manufacturing PMI (Forecast: 49.8; Prior: 50.5)
Germany Preliminary CPI m/m (Forecast: 0.4%; Prior: 0.3%)
Wednesday, April 30
U.S. ADP Non-Farm Employment Change (Forecast: 123K; Prior: 155K)
Canada GDP m/m (Forecast: 0.4%; Prior: 0.4%)
U.S. Advance GDP q/q (Forecast: 0.4%; Prior: 2.4%)
U.S. Employment Cost Index q/q (Forecast: 0.9%; Prior: 0.9%)
7:00am: U.S. Core PCE Price Index m/m (Forecast: 0.1%; Prior: 0.4%)
Tentative: BOJ Policy Rate Decision (Expected: <0.50%)
BOJ Monetary Policy Statement
BOJ Outlook Report
BOJ Press Conference
Thursday, May 1
U.S. Unemployment Claims (Forecast: 224K; Prior: 222K)
U.S. ISM Manufacturing PMI (Forecast: 48.0; Prior: 49.0)
Friday, May 2
U.S. Average Hourly Earnings m/m (Forecast: 0.3%; Prior: 0.3%)
U.S. Non-Farm Payrolls (Forecast: 129K; Prior: 228K)
U.S. Unemployment Rate (Forecast: 4.2%; Prior: 4.2%)
All day: Australia Parliamentary Elections
This article was written by Greg Michalowski at www.forexlive.com.
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