China Food Security Law Comes into Force, Aims for Absolute SelfSufficiency

China39;s first food security law aimed at achieving absolute selfsufficiency in staple grains came into effect on Saturday, reinforcing efforts by the world39;s biggest agriculture importer to lower its reliance on overseas purchases. The law provides a legal framework for existing guidance by the Communist Party for local governments and the agricultural industry to raise […]
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Mexico Peso Drops nearly 3, Sheinbaum Landslide Raises Reform Worry

LONDON, June 3 Reuters Mexico39;s peso slipped nearly 3 against the dollar on Monday after Claudia Sheinbaum won a landslide victory in the presidential election and the ruling coalition looked poised for a supermajority that markets fear could bring constitutional change. The peso hit a fresh fiveweek trough of 17.5020 to the dollar, its worst drop since September 2020, […]
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Tokyos Inflation Up, Grim Chinas PMI Figures, Gold and Crude Oil Downwards, Strong Junes Eurozone Interest Rate Cut Expectations, Core PCE Price Index Lower than Expected, Huge Jump in U.S. Stocks, Bitcoin Recovers

Previous Trading Days Events 31.05.2024 The U.S. inflation tracked sideways in April. Price increases could last longer than expected, the Fed Suggested. However, the personal consumption expenditures PCE price index increased 0.3 last month. The PCE price index rose 2.7 year on year, after advancing 2.7 in March Core PCE, subtracting food and energy prices, […]
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