Global TradFi & Macroeconomics

On May 21 morning, major European stock indices opened with mixed signals. The German DAX 30 fell 41.78 points, down 0.17% to 24,690.50; the UK FTSE 100 declined 59.89 points, down 0.57% to 10,372.45; the French CAC 40 dropped 13.88 points, down 0.17% to 8,103.54; and the Stoxx Europe 50 index fell

On May 19, Japan's 10-year breakeven inflation rate touched a record high of 2.35%, the highest level since inflation-linked government bonds began trading in 2004. The rate, which reflects market inflation expectations, has risen above the Bank of Japan's 2% target, heightening concerns that even t

According to Jin10 data, Federal Reserve officials have shifted toward a more hawkish stance in their latest meeting minutes released on May 21. A majority of Fed officials now support raising interest rates if inflation remains persistently elevated, and multiple officials favored removing dovish l

According to Timothy Massad, former chairman of the Commodity Futures Trading Commission, speaking at the Digital Money Summit in London, the United States is actively exploring central bank digital currency architectures behind closed doors despite explicit government opposition. While the U.S.

According to Jefferies, the investment bank raised its price target for Nvidia shares from $275 to $300 on May 21, 2026. The upgrade reflects accelerating AI infrastructure spending globally, sustained GPU demand outpacing supply, and Nvidia's competitive advantages in software ecosystems

South Korea's central bank released data on May 21 showing that the country's April producer price index (PPI) rose 2.5% month-over-month to 128.43, marking the largest monthly increase in 28 years. The surge was driven by the Middle East crisis, which pushed oil and raw material prices higher. The

Intraday on May 21, Shanghai Containerized Freight Index European Route futures main contract surged 9%, hitting 2996.50 points.

According to Jin10, Japan's Nikkei 225 index and South Korea's KOSPI index surged 3.1% and 8.4% respectively on May 21, with semiconductor stocks leading gains in both markets. In Japan, SoftBank Group climbed 19.85% following news of OpenAI and SB Energy IPOs, while chip makers Kioxia rose 8.7%, S

According to Jin10, South Korea's Ministry of Finance announced on May 21 that it will reduce government bond issuance in June to stabilize the bond market. Korean treasury bonds have fallen 6.9% so far this year, the worst performance among 44 markets tracked. On Thursday, the 10-year government b

According to Guru Club, on May 21, Shipping Index European Route futures main contract surged over 10%, reaching 3029.5 points. Trading volume reached approximately 3.47 billion yuan, with net open interest climbing nearly 400 contracts, indicating heightened market

According to Bloomberg and Reuters, the Indian rupee hit a record low against the U.S. dollar on May 20, with the country's central bank implementing foreign exchange intervention to prevent further depreciation. International capital outflows from Indian equities are intensifying rupee depreciation

According to Jin10, Japan's trade data released on Thursday showed that oil imports from the Middle East fell 67.2% year-over-year in April, while imports from the U.S. surged 38.8%. The shift reflects Tokyo's efforts to diversify crude oil sources. The Middle East's share of Japan's crude imports d

According to Citigroup on May 21, the bank maintains a cautious outlook on gold in the near term, citing ongoing Strait of Hormuz closures and elevated energy prices that have reduced investor buying interest. Concerns over a potential risk-off sentiment triggering selling pressure on gold

According to Germany's Federal Finance Ministry monthly report, the federal budget deficit stood at €41 billion as of the end of April 2026.

According to Odaily and Jin10, AMD announced on May 21 that its next-generation EPYC processor codenamed "Venice" has begun mass production using TSMC's most advanced 2nm process technology. The chip is the industry's first high-performance computing (HPC) processor to enter mass production using th

According to Takeshi Minami, an economist at Norinchukin Research Institute, if the Middle East conflict continues, Japan's economy will likely face a downturn despite having adequate crude oil supplies through early 2027, as reported by Jin10 on May 21. The conflict could trigger adverse effects th

According to Foresight News, Macquarie Group Ltd reduced its Bitcoin ETF holdings in mid-May filings covering Q1 2026. The Australian financial services firm cut its IBIT position from 5.126 million shares to 4.139 million shares (down 19.3%), with asset value declining from approximately $255 milli

According to ING economists, Japan's economy is demonstrating resilience, with stronger-than-expected exports and stable machinery orders supporting expectations for a rate hike by the Bank of Japan in June. Economist Min Joo Kang noted that hawkish remarks from BoJ Policy Board member Junko Koeda h

According to its official statement on Wednesday, the U.S. Federal Reserve has requested public comment on a proposal to establish new payment accounts that may allow certain crypto firms to access the Fed's clearing and settlement systems. The proposal, substantially similar to a December 2025

According to Jin10, on May 21 at 22:00 Beijing time, foreign exchange options on the euro, British pound, Japanese yen and other currencies will expire. Three strike prices carry notional amounts exceeding $1 billion