Daily commentary-每日见闻-2023.5.10

Global environment:
Politics:

US:
China:
EU:
Japan:
India:
UK:
Canada:Canada expeled a Chinese diploma due to threaten Canadian citizens. China did the same with Canadian diploma in equal treatment. The tension between Canada and China is esscalating quickly. This may affect the total relationship between two countires.
Economy:
US:US inflation lower than expectation indicates inflation is cooling down in US as well as globally. This is on the track allow Fed to pause their rate hike. So we can come to the conclusion that Fed rate hike cycle is almost over and we may get into rate cut cycle later. Historically, rate could keep at the peak level for about 1 year depends on economy growth. When Fed starts to cut rate, this would make Bond and Equity attractive again and may boost Bond and Equity price. Also this may push up commodity prices and house price. For FX, US dollar would lower in spot but higher in forward rates. 
China:China real estate market is increasing marginally in May. China auto market is almost flat. Chinese service market is picking up quickly. Overall, China economy is still on the track of rebounding. This trend may continue till end of this year without extra stimulus.
EU:
Japan:
India:
UK:
Canda:
Culture:
Technology:
Education:
Medi-care:
Military:
US:US keeps increasing military spending.
China:
EU:
Japan:
India:
UK:
Canda: