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On April 4, the Yangtze River Delta Railway ushered in the peak of passenger flow during the Qingming Festival. It is expected to send 4.1 million passengers today, 365,000 more than the same period last year, an increase of about 9.8%, and is expected to set a new record for single-day passenger volume. This years Qingming Festival railway transportation will start from April 3 to 7. The Yangtze River Delta Railway is expected to send 17.6 million passengers in 5 days, with an average daily passenger flow of 3.52 million, a year-on-year increase of 6.8%.The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."

Silver Price Analysis: XAG / USD finds interest around $20.50 as investors disregard Fed rate hike concerns

Daniel Rogers

Feb 28, 2023 11:38

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After testing buyer interest at $20.55 during the Tokyo session, the silver price (XAU/USD) has climbed back up. On a broader scale, the white metal is confined to a range between $20.55 and $20.80 as investors transfer their attention to Wednesday's release of the United States ISM Manufacturing PMI range.

 

Investors have begun to comprehend the fact that the Federal Reserve (Fed) is required to tighten monetary policy in order to achieve price stability, which has halted the Silver price's four-day losing streak. However, the losing streak may persist because geopolitical tensions between the United States and China have not yet been resolved.

 

S&P500 futures have extended their recovery as investors' risk appetite has increased. After a sharp reversal from around 105.00, the US Dollar Index (DXY) has continued to oscillate around 104.30. The term "ecosystem" refers to a group of people who work in the construction industry. The alpha offered on 10-year US government bonds has increased to approximately 3.93 percent.

 

As the fight against persistent inflation intensifies, the Fed's projections for higher interest rates are bolstered by optimistic consumer spending in the U.S. economy and robust wage gains.


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