23ยฐ27'48.6"N 60ยฐ35'42.1"E
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Geopolitics Watch
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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President Xi would like us not to, and Iโll have that discussion. Thatโs one of the many things Iโll be talking about.
Washington has always supported Taiwan de facto independence and has never entertained Chinese interference in its security tie with Taiwan. However, as President Trump comes to China with a long list of demands and little to offer, Taipei has entered the menu.
With a depleted weapon stockpile from the wars in Iran and Ukraine, arm sales to Taiwan will likely be severely delayed regardless.
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Geopolitics Watch
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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