Daily Brief Macro: CX Daily: U.S. Watchdog Fines Three KPMG China Partners for Audit Violations and more

In today’s briefing:

CX Daily: U.S. Watchdog Fines Three KPMG China Partners for Audit Violations
Walker’s Weekly: Dr. Jim’s Summary of Key Global Macro Developments – 22 Mar 2024
The Weekly Market Monitor – Global Monetary Policy Easing Has Begun!

CX Daily: U.S. Watchdog Fines Three KPMG China Partners for Audit Violations

Audit /: U.S. watchdog fines three KPMG China partners for audit violations
Law enforcement /: As profit-driven, cross-regional law enforcement grows, scholars suggest fines be turned over to central government
China-Ukraine /: Ukraine’s top diplomat says China has ‘big potential’ role to help end war with Russia

Thailand’s economic outlook appears bleak, with downward revisions in GDP growth forecasts signaling ongoing challenges in investment and export sectors, compounded by political discontent.
Vietnam has demonstrated resilience, showcasing a notable recovery in trade and tourism despite corruption scandals, underlining its potential as an emerging market.
Hong Kong’s adoption of the national security law has drawn attention, yet its impact on the business landscape may be less significant than anticipated, emphasizing the importance of nuanced perspectives amidst regional developments.

Switzerland sparks the start of a global wave of monetary policy easing. And it’s only March!
Why are central banks already contemplating rate cuts when inflation levels are significantly above target, and the global economy is at full employment?
I explain why investors should pay more attention to the MOVE Index and less to the VIX Index. It comes down to the answer to the question above.

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