analysis

****According to(https://www.bloomberg.com/news/articles/2024-04-02/bofa-sees-yen-plunging-to-160-per-dollar-if FedDelays-Cuts?srnd=undefined )**** Bank of America, the yen could fall to 160 per dollar if the US Federal Reserve does not lower interest rates this year** https://tinyurl.com/223rm2wg

The Congressional Budget Office warned in its latest projections that US government debt is on a path from 97% of GDP in 2013 to 116% by 2034 — higher even than during World War II. The actual prospect is likely worse — plug in the market’s current view of interest rates and the debt to GDP ratio rises to 123% in 2034. Then assume — as most in Washington do — that ex-President Donald Trump’s tax cuts mainly stay in place and the burden gets even higher

Ray Dalio, CEO of Bridgewater Associates, took to LinkedIn on Tuesday to defend his continued investments in China — a market he views as crucial for “understanding the world and for diversification” — a market he believes is a “100 years for a tenth time” if Beijing repeats Japan’s mistakes of the 1990s. In his follow-up he claimed that he is neither a fair-weather friend nor a fair-weather investor.

India manufacturing PMI reaches 16-year high ahead of elections

In recent weeks, natural gas prices plunged as the world faced a major oversupply after a warmer-than-expected winter. Over 150 million tonnes of LNG capacity is currently under construction, a “record wave of expansion” Morgan Stanley says in a recent note. “We expect gas market oversupply to reach multi-decade heights over the coming years”, said Morgan Stanley’s commodity strategists.

UBS has announced a new share repurchase program of up to $1.2 billion in 2024, and up to $1.1 billion of that total is expected to take place this year, said the bank in a statement.

World Central Kitchen was devastated to confirm that seven members of its team were killed in an Israeli airstrike in Gaza overnight, the organization said. The team was traveling in two armored cars with WCK logo and soft skin vehicle. A separate investigation has been opened into employees who were involved in terrorist activities and collaborated with Hamas.

Belarus began military drills over three days on Tuesday in regions along its borders with Ukraine, Lithuania and Poland, the Defense Ministry said on the Telegram messaging app. The exercises will be held in the Gomel and Grodno regions and are intended to prepare officers and territorial defense personnel for possible defence of their respective regions, as well as practicing protocols in the event martial law is enacted in the country.

Singapore tightens antimoney laundering rules for crypto players

China hosts Vietnam, Laos, East Timor - Ministers in ASEAN outreach :