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On April 3, Panmure Liberum analysts Joachim Clement and Susanna Cruz wrote in a report that the UK has successfully escaped the tariff shock compared to other major economies. Under the agreement, British goods will be subject to a comprehensive tariff of 10%, which is lower than that of other countries. Clement and Cruz said that the UK could even avoid these lighter tariffs by making concessions in other areas. They added that the drag on UK GDP growth would be minimal. "If the British government can negotiate a significant reduction in US tariffs, it may even become the preferred location for re-planning supply chains."Spanish Economy Minister: If there is no room for negotiation, we must take action to protect our businesses and consumers.U.S. stock index futures continued to fall, with Dow futures falling 2.2%, Nasdaq futures falling 3.4%, and S&P 500 futures falling 2.9%.Spanish Economy Minister: If there is no room for negotiation, we will have to take measures to protect our companies and consumers.Spanish Economy Minister: We hope to reach a negotiated solution with the United States on the tariff issue.

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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