It's a good day. There was no relief for markets, US officials spread across Asia, and there was a mystery over the location of the fund's founder. Today is what you need to know.
There is a chance of another bad day for the markets. The US stock market fell with traders positioning for a hot inflation reading and the start of a key earnings season that may provide clues on whether the economy is headed toward a recession. Chinese stocks fell as authorities hit tech giants with fines.
After Chinese Foreign Minister Wang Yi traveled to Asia in recent weeks, senior US officials are spreading out across the region. Wang had pledged to be neutral in the Russia-Ukraine war. The Vice President plans to virtually address a gathering of Pacific Island leaders in Fiji on Tuesday, a move that underscores the growing importance of Pacific nations to the US strategy.
Hong Kong's new health chief said travelers can be allowed to conduct some of their quark at home if there is a health code system in place to manage their movement. Secretary for Health lo Chung-mau said that a traffic-light health code system would help manage social distancing.
Kyle Davies and Zhu Su, the co-owners of Three Arrows Capital, haven't cooperated with the process of liquidating the firm. The lawyers said they intend to work together.
Australian Prime Minister Anthony Albanese will promise a "new era" of climate action and energy innovation in a speech Tuesday despite criticism from activists and Greens Party lawmakers who say that his planned emission cuts don't go far enough
Over the last 24 hours, this has caught our attention.
The euro is on the verge of parity with the US dollar, a level not seen in 20 years. The outlook for Europe is being weighed by energy concerns and the risk of a recession. The US dollar is the world's reserve currency and it helps it to rally when fear trades break out. The euro is falling even though the yield gap is narrowing. The common currency is the most traded against the dollar, and the yen is the second most traded.
Garfield Reynolds is based in Australia.
Garfield Clinton Reynolds helped with the project.
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