Financial World Updates
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๐Ÿ‡บ๐Ÿ‡ธ The US Consumer Price Index (CPI) accelerates to 3.8% year on year, highest since May 2023.

The index climbed 0.6% month on month, driven by a 3.8% increase in energy price. The US energy market is still being cushioned by drawdown from the SPR and refined product inventories. Energy price is expected to increase further if the Hormuz crisis is not resolved in the coming weeks.

The inflationary pressure is broad based, with core inflation also spiking to 2.8% year on year.

The mounting inflation may derail President Trump's plan to cut the interest rates and boost the slowing US economy. The US 10-year yield climbed 50 basis points since the beginning of the War in Iran.


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๐Ÿ‡ฏ๐Ÿ‡ต Japan's 10-Year Yield just hit its highest level this century.


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๐Ÿ‡บ๐Ÿ‡ธ President Trump posts image showing Venezuela as the 51st state of the United States.


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๐Ÿšจ Toyota and ExxonMobil warn suppliers of incoming lubricant oil shortage from the Iran War; affecting automotive and industrial supply chains.


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China's Alibaba reports 18% fall in annual net profit.


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Donald Trump's visit to Beijing, China, scheduled in Beijing time:

Wednesday, May 13th

- Air Force One arrives in Beijing in the evening with Donald Trump and his delegation.


Thursday, May 14th

- 10:00 AM: Welcome ceremony with Chinese President Xi Jinping.
- 10:15 AM: Bilateral meeting between Donald Trump and Xi Jinping.
- Afternoon: Joint visit to the Temple of Heaven, accompanied by FLOTUS Melania Trump.
- 6:00 PM: Grand state banquet hosted by Chinese President Xi Jinping.


Friday, May 15th

- 11:40 AM: Bilateral talks and informal discussions between Trump and Xi Jinping.
- 12:15 PM: Donald Trump has lunch with President Xi Jinping.
- Afternoon: Donald Trump and his delegation depart Beijing, China.



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๐Ÿ‡บ๐Ÿ‡ธ US CORE PPI CAME IN AT 5.2%

EXPECTATIONS: 4.3%


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Trump lands in China ahead of talks with Xi.


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โšก๏ธ Trump and Chinaโ€™s President Xi are expected to discuss tariff cuts on $30 billion of imports at the US-China summit this week.


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NVIDIA's market capitalization has exceeded $5.5 trillion.


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๐Ÿ‡ฎ๐Ÿ‡ณ Nvidia $NVDA now worth more than India stock market.


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๐Ÿšจ Global money supply hits a record $121.9 trillion, up $17.1 trillion in just two years, as growth accelerates at 7โ€“8% annually.


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The US has allowed the sale of NVIDIA's H200 chips to 10 Chinese companies.


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Trump had a good meeting with Xi, according to a White House official.


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Nvidia Surpasses Silver as Second Largest Asset

Nvidia (NVDA) has surpassed silver to become the world's second largest asset at $5.52 trillion.

Google is under 4% from joining the $5 trillion market cap club.

This marks a historic tech revolution.


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๐Ÿ‡จ๐Ÿ‡บ Cuba says it has completely run out of diesel and fuel oil.


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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ณ President Trump says he had "extremely positive and constructive" discussions with China.


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Trump invites Xi Jinping to visit the White House on September 24.


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๐Ÿ‡จ๐Ÿ‡ณ Chinese President Xi Jinping:

Achieving the great rejuvenation of the Chinese nation and making America great again can go hand in hand.

We can help each other succeed.


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