Smartkarma Daily Briefs

• Yield steepenings may be linked to fears of fiscal profligacy and concerns of inflation expectations
• US Exceptionalism theme unraveling, dollar facing downward pressure
• US tax bill moving through House, expected to have modest stimulative economic impact

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• Concerns about US fiscal policy have pushed term premium higher in the US, leading to a steeper yield curve globally.
• US-China tariff de-escalation and improved sentiment have reduced recession risks in the US, leading to higher GDP forecasts and reduced easing expectations from central banks.
• In Sweden, GDP forecasts have been revised higher, with a 25 basis point rate cut expected from the Riksbank in June. Opportunities in Sweden include cautious long positions in duration.

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• Field latex cross INR 200 (US$2.34) mark, sheet still short of it  
• Over 40% of smallholders complete rainguarding as rains set in  
• Compound rubber import worries farmers, traders  

• In this insight, we provide five major factors that may have caused higher share price movements (up 7.6%) of 10 major Korean holdcos/quasi holdcos today.
• This is the best one day share price performance on average for these stocks so far in 2025.
• Emphasis on improving corporate governance by both leading Presidential candidates and potential mandatory cancellation of treasury shares are among the five major factors. 

• The speaker discusses events surrounding the downgrade of the US economy and the response from government officials
• The speaker highlights the increasing adoption and performance of bitcoin compared to traditional assets like gold
• The discussion transitions to the business efforts and partnership of Lisa and Dan, who met at a Houston bitcoin meetup in 2021.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• Technical analysis can help you keep your zen as it cuts through the noise by providing a set of rules on when to buy, sell, or just sit tight.
• There are many technical indicators, but using both the simple moving average and the moving average convergence divergence can tell you most of what you need to know
• Here’s how the two indicators work, what makes them so effective when using them together, and a look at a few major stock ETFs,  gold, bitcoin, and the Mag 7.

• Australia’s active global fund ownership has dropped to record lows of 38.55%, with average weight halving from pre-2020 levels. 
• Major underweights persist across Financials, especially the four big banks at record-low ownership levels. 
• Insurance names like QBE and Suncorp see modest rebounds, but Australia remains stuck between growth and value headwinds.

• Central Bank Rate Decisions, including from the Reserve Bank of India (RBI), the Bank of Japan, and the Fed.
• Index Rebalancings for the Australian, Indian, Hong Kong, and US benchmark indices. 
• Elections: South Korea Presidential Elections on 3 June; potential for the opposition party to win the presidency.

• 12th May: Cobalt Holdings, a Company created primarily to purchase and hold physical cobalt, offering public equity investors pure-play direct exposure to the price of cobalt, confirmed its intention to raise approximately US$230m through its Global Offer and the Admission on to the Main Market in June 2025.
• Glencore International AG and certain entities and affiliates managed by Anchorage Structured Commodities Advisor, have agreed to participate as cornerstone investors, agreeing to invest, in aggregate, an amount representing approximately 20.5% of the Shares to be offered pursuant to the Global Offer.
• 9th May: iFOREX Financial Trading, the fintech business with a proprietary online and mobile trading platform for multi-asset contracts for difference, announces that it has confirmed its intention to IPO onto the Main Market.

• The RBNZ reduced the Official Cash Rate by 25 basis points to 3.25%, in line with consensus expectations, citing subdued core inflation, spare economic capacity, and global headwinds.
• The decision, reached by a 5-1 majority, reflects internal debate over the pace of easing and a shift toward a more data-dependent policy approach, with no explicit guidance on further rate cuts.
• Evolving global trade tensions will influence future interest rate decisions, domestic inflation expectations, and the pace of economic recovery, with the OCR projected to reach 3.00% by year-end but subject to heightened uncertainty.