In today’s briefing:
- Potential Impeachment of President Yoon Suk-Yeol and Impact on the Korean Financial Markets
- China/US: Trading Blows Part 1
- The Drill: China and Russia Are Intensifying the Commodity Battle?
- CX Daily: Amid China’s EV Boom, Conventional Carmakers Cry Foul
Potential Impeachment of President Yoon Suk-Yeol and Impact on the Korean Financial Markets
- In this insight, we discuss the potential impeachment of the South Korean President Yoon Suk-Yeol and the implications on the Korean financial markets.
- We would put a 50-60% probability that there is more than 200 votes to impeach the South Korean President Yoon Suk-Yeol right now by the members of the Parliament.
- We would attach about 30-40% probability that at least six justices of the Constitutional Court vote in favor of impeaching President Yoon.
China/US: Trading Blows Part 1
- Donald Trump threatened punitive tariffs on China, Canada, and Mexico over fentanyl, but this didn’t significantly alarm investors.
- Jamieson Greer’s nomination as USTR also didn’t cause much concern among investors.
- However, Wall Street’s confidence in Scott Bessant’s ability to moderate trade policy could potentially be misguided.
The Drill: China and Russia Are Intensifying the Commodity Battle?
- The OPEC+ meeting is finally taking place after the Kremlin managed to get Zoom working on Windows 7.
- Early reports from delegates suggest that OPEC+ is solidifying a deal to delay a planned 3-month output hike.
- Essentially, OPEC is postponing what could become a bloodbath in physical oil markets.
CX Daily: Amid China’s EV Boom, Conventional Carmakers Cry Foul
- Cars / In Depth: Amid China’s EV boom, conventional carmakers cry foul
- China-U.S. /Analysis: How China can prepare for Trump’s return
- Payment /BRICS: Pay cross-border payment system exposed as hoax by crypto currency promoters
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