INT
Climate needs and debt to hit lower-income states hard
Higher US rates for longer risk increasing debt interest costs for developing states and lowering climate spending
InternationalNet trade may subtract from China’s GDP this year
China’s exports grew by 1.5% in April while imports grew by 8.4%, a sizeable improvement on the recent import trend
ChinaA UK rate cut this summer is growing more likely
The Bank of England left rates on hold as widely expected but one more member than last month voted for a cut
United KingdomTech advances should eventually spark a platinum rally
Technological breakthroughs will eventually lift demand for platinum, raising prices amid frequent supply disruptions
InternationalUS AI export controls against China are likely
The Biden administration wants to prevent China from gaining access to the most advanced AI models
United StatesServices PMIs support interest rate cut delays
In April the services PMIs kept expanding worldwide while the US payrolls slowed modestly
InternationalRussian hacking will keep ties with West tense
Russian state-linked hacking activity against the West shows no signs of slowing
GermanyUS/EU economic performance and policies will diverge
US interest-rate expectations have moved from several cuts to perhaps even none, while an ECB cut remains likely in June
International
