Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
After two quarters of weakness, US durable goods orders are expected to show a bottoming in capex spending.
The manufacturing ISM rose modestly in May and the diffusion index for new orders has now posted two back-to-back increases. This is consistent with analysts' view that the capex cuts in the oil & gas sector should begin to subside and fully dissipate during the summer months.
Societe Generale projects a 0.8% m/m increase in total bookings in May and a 1.0% m/m rise in orders excluding transportation. The projections are consistent with the tentative signs of bottoming in the manufacturing sector observed in the survey data.
"The drag from the dollar is likely to be more persistent, but on balance we look for a reacceleration in equipment spending growth in the second half of the year to about 5.8%, up from a 1.7% average over the past two quarters", added Societe Generale.
