I also saw a nice take from a supply chain management executive warning that in case we get a rollback of tariff hikes on China, it could create an "insane surge in pricing and covid level logistics bottlenecks" in freight shipping (which have collapsed recently). This is definetely something that the market will likely price in once we get the catalyst.
In the American session, the US Jobless Claims will be the main highlight but unless we get a surprise spike above the 260K level, the market will likely ignore the data. The focus remains on tariff related news.
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