Cool inflation in February props markets

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Viewers can watch the direct stream of the event and hear from the speakers, including Deputy Prime Minister Singapore Kim Yong Gan, Chairman of the Alibaba Group Joe Tsay, Bridgewater Associates founder Ray Dalio and CEO SalesForce, Chairman and Co -founder Mark Beniof there.

The supplement, which is expected, the inflation report in the United States provided some comfort for investors who were thrown into unlawfulness into constantly changing reports of trade policy from the White House. When the inflation continues down, it also gives the US Federal Reserve to reduce interest rates when the economy looks like it starts to throw away.

Most analysts have not yet predicted the recession, although the chances of what is happening in the US are higher compared to last year’s estimates, like Alec Kersman, the head and the head of the Asia Pacific Pimco, CNBC Converge Live in Singapore noted.

Given this, 25% of US President Donald Trump tariffs on the import of steel and aluminum in the US, regardless of the country of origin, just expelled on Wednesday. The trading partners have already responded to appearance. Such levies could put brakes to the world economy – or remake it into the one where the US no longer occupies the center.

Highlights CNBC CONVERGE LIVE
CNBC Hosting Get off live In Singapore on Wednesday and Thursday. The highlights of the 2nd day include former UK Prime Minister David Cameron, who said Trump’s approach to peace in Ukraine is “I am very worried” for Russia’s neighbors; Kishor Mahbuban, former Singapore Ambassador to United Nations, discussing the US possibility do the “big trading business” with China; And the CEO of Ferrari Benedetto Vigna say the firm is following the tariffs on Trump and “Ready with some countermers. “Follow the 2nd day live there.

Inflation in February cools down
A US Index in the US In February, she noted the seasonally adjusted 0.2%, given the annual inflation level of 2.8%, the US Statistics Bureau report Wednesday. With the exception of food and energy prices, the main IPC also increased by 0.2% a month and was 3.1% on a 12-month basis, the lowest reading since April 2021. All figures amounted to 0.1 percentage points less than expected by the Dow Jones economists.

The tariff war is heated
Canada will Impose 25% tariffs on the US Item more than $ 20 billionCanadian Finance Minister Dominic Lebllan said at a press conference at a press conference. Tariffs will come into force on Thursday and in addition to 25% of Canada’s counter -tariffs are imposed In the US on March 4. Separately business and political leaders, such as Bridgewater founder Ray Dalio and former UK Prime Minister David Cameron, issued warnings about tariffs on Trump in CNBC Get off live.

New Intel CEO
Intel – Note Wednesday he appointed Lip-Bu Tan as a new CEO. Tan will replace the temporary co -chair David Zinner and MJ Holthaus, who assumed the post in December when former Intel Patrick Gelsinger’s CEO was rejected. Earlier, Tan was CEO CADEnce Design Systems, making the software used by all major chips designers, including Intel. The shares of the manufacturer of the chips jumped as much as 12% in extended trading.

Most landmarks violate the unprofitable series
American markets mostly bounced on Wednesday in a report of benign inflation. A S&P 500 grew by 0.49% Dow Jones Industrial Medium dropped 0.2% and Nasdaq Composite Added 1.22%. Meanwhile, former US Finance Minister Stephen Mnuchin said the “natural, healthy correction” there is Does not indicate that ‘economy is in trouble“Even as in a country Budget deficit has increased to $ 1 trillion in February. Asia-Pacific markets are traded on Thursday. Shares Seven and i possession jumped up to 3.6%as investors estimate the Canadian store operator Power Put Pout-Tard A press conference on the planned acquisition of the company.

(Pro) Tesla shares can decrease by 50%, says analyst
Jpmorgan predict even more drop Tesla Actions amid the growth of boycott and brand protests around the world. Analyst Ryan Brinkman has reduced the target price for stock to $ 120 from $ 135, stipulating that stocks are immersed about 52% from closure on Wednesday to $ 248.09. That’s why he is pessimistic Elon Musk’s forecast for electric vehicles.

Trump’s tariff threats are pushing for the largest oil producer in Canada to break their dependence on the United States

A deeply integrated oil and gas market in North America stands on CrossRods, and the largest oil producer in Canada warns that it will diversify its exports from the US if the tariff threats of President Trump will not end.

Albert Prime Minister Daniel Smith presented two possible futures for the continent on Wednesday. In one, Canada and the United States reach the North American Fortress Agreement with a new pipeline capacity to support 2 million barrels a day in additional exports to the US market, Smith said at the Ceraweek Energy Conference.

In another future, Trump continues to wage his trade war against Canada, and Albert is starting to look for oil and gas customers outside the United States, Smith said.