Group 1 - The European Central Bank (ECB) is facing potential inflationary pressures in the Eurozone due to U.S. trade tariffs, which may hinder global economic expansion [1] - ECB Executive Board member Piero Cipollone indicated that these tariffs could lead to a deflationary effect in the Eurozone in the short to medium term [1] - The unexpected appreciation of the Euro following the U.S. tariffs has surprised ECB policymakers, who initially anticipated a depreciation that would increase import costs [1] Group 2 - Recent data shows that Eurozone consumers' inflation expectations for the next year rose to 2.9% in March, up from 2.6% in February, marking the highest level since April 2024 [2] - Following a 25 basis point rate cut, the market anticipates further reductions in borrowing costs by the ECB, with expectations of two to three additional cuts this year [2] - Economists from major banks predict that the ECB may lower the deposit facility rate to at least 1.5% to stimulate demand [2] Group 3 - The volatility in U.S. tariffs has caused market turmoil, leading investors to seek alternatives to U.S. assets [3] - Cipollone noted that the recent performance of U.S. financial markets suggests they are not serving their usual role as a safe haven, which could have significant implications for capital flows and the international financial system [3] - The long-term effects of higher tariffs may undermine confidence in the U.S. dollar's dominance in international trade and finance, potentially leading to a more multipolar currency system [3]

Group 1 - The demand for safe-haven assets like the Japanese yen has increased due to investor concerns about the global economic outlook, prompting a reassessment of major currency trends [1][2] - Between April 15 and 22, speculative net short positions in the US dollar significantly increased among G10 currencies, influenced by uncertainties surrounding Federal Reserve policies and tariff issues, leading to a 1.72% decline in the dollar index during this period [1] - The euro appreciated by 1.21% against the dollar during the same period, although speculative positions decreased by 4.3 thousand contracts, indicating a reduction in market confidence for further euro appreciation in the short term [1] Group 2 - The Japanese yen experienced a 1.08% decline against the dollar, but speculative positions increased by 6 thousand contracts, reaching a historical high of 188.1 thousand contracts, reflecting its status as a safe-haven asset amid escalating global trade tensions [1] - The British pound rose by 0.75% against the dollar, with speculative positions increasing by 14 thousand contracts, suggesting a cautiously optimistic market outlook for the pound's future performance [1] - The Canadian dollar fell by 1.04% against the dollar, while speculative positions increased by 17 thousand contracts, indicating a market expectation of a short-term rebound in the dollar [2]

韩国副产业部长表示，韩国寻求与美国成立约六个工作组，讨论关税和非关税措施、经济安全以及投资 合作事宜。工作组将于下周举行首次会议。 ...

Lombard Odier表示，美国总统特朗普关税措施的"冲击"可能会促使日本央行在2025年维持利率不 变。"如果关税冲击消退，并且日本的贸易超过其在亚洲的出口竞争对手，"日本央行可能会在2026年上 半年加息，全球首席投资官Michael Strobaek在报告中写道。Lombard认为，汽车以外的大多数出口产品 被征收10%的关税是可实现的最佳结果。 ...

韩国工业部：韩国工业部部长请求美国豁免对特定项目的对等关税措施。 ...

韩国工业部：韩国工业部部长表达公众对美国关税措施的关切。 ...

欧洲央行管委霍尔茨曼：目前尚不清楚反制关税措施的具体力度和程度。 ...

美联储理事沃勒：如果关税措施增加，预计裁员情况可能会再次出现。 ...

Ardagh Metal Packaging (AMBP) Q1 2025 Earnings Call April 24, 2025 09:00 AM ET Company Participants Stephen Lyons - Investor RelationsOliver Graham - CEO & DirectorStefan Schellinger - Chief Financial OfficerGeorge Staphos - Managing DirectorMichael Roxland - MD - Equity ResearchAnojja Shah - Director - Equity Research Conference Call Participants Anthony Pettinari - AnalystStefan Diaz - AnalystGabe Hadje - AnalystArun Viswanathan - Senior Equity Analyst Operator Good day, and welcome to the Ardagh Metal Pa ...