zerohedge
zerohedge|May 22, 2025 12:35
Top Overnight News A man fatally shot two Israeli Embassy staff members late Wednesday near a Jewish museum in downtown Washington. WSJ Scott Bessent and his Japanese counterpart Katsunobu Kato confirmed existing currency views and didn’t discuss FX levels when they met in Canada. BBG On a call Monday, President Trump told European leaders that Russian President Vladimir Putin isn’t ready to end the Ukraine war because he thinks he is winning. This runs counter to what Trump has often said publicly, that he believes Putin genuinely wants peace. WSJ BOJ board member Asahi Noguchi said on Thursday he saw no need for the central bank to intervene in the bond market to stem recent sharp rises in super-long yields, describing the moves as "rapid but not abnormal." Noguchi also said the central bank must pause its interest rate hikes for the time being until there is more clarity on the impact of U.S. tariffs on the economy. RTRS Israel is making preparations to “swiftly” strike Iran’s nuclear facilities if talks between Washington and Tehran collapse without a deal. Axios OPEC+ members are discussing whether to agree on another super-sized production increase at their meeting June 1, delegates said. That would be the third straight month of adding more barrels to the market. Oil declined. BBG Eurozone flash PMIs for May were mixed, with modest upside on manufacturing (49.4, up from 49 in Apr and above the Street’s 49.2 forecast) and slight downside on services (48.9, down from 50.1 in Apr and below the Street’s 50.5 forecast), while inflation in aggregate cooled (driven by manufacturing). S&P US/EU trade talks – Brussels is offering to extend an existing shellfish trade deal w/the US that expires on 7/31 as an inducement to striking a broader agreement around tariffs. FT Lutnick says he predicts a slew of trade deals by the middle of the summer and doesn’t anticipate tariffs fueling higher prices in the US. Axios
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