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Historic negotiation window opens: Trump matches Russia Ukraine ceasefire
- May 21, 2025
- Posted by: Macro Global Markets
- Category: News
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On May 19 local time, President Trump of the United States and President Putin of Russia held a two-hour telephone conversation and held intensive consultations on the ceasefire in the Russia-Ukraine conflict. After the call, Trump stated that Russia and Ukraine will “immediately initiate negotiations aimed at ending the war” and revealed that the Vatican has agreed to host the talks. Putin subsequently confirmed through a Kremlin statement that Russia was ready to draft a memorandum of understanding with Ukraine on a peace agreement and had restored direct contact with Istanbul negotiators. This breakthrough led to a 0.3% drop in spot gold prices in Asia from a high of $3245 per ounce to around $3220 per ounce in early trading on May 20th. The market’s pricing of geopolitical risk premium plummeted from $32 per ounce to $18 per ounce.
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Dramatic defection of deficit hawks within the party! Trump’s Trillion Dollar Tax Reduction Bill Passes through the House of Representatives
- May 20, 2025
- Posted by: Macro Global Markets
- Category: News
On May 19th local time, the US House Budget Committee passed the Trump administration’s proposed “American Economic Recovery and Growth Act” with a vote of 22 in favor and 19 against. This $4.2 trillion tax reduction plan aims to extend the corporate tax incentives in the 2017 Tax Cuts and Jobs Act and add personal income tax exemptions for the middle class. It is worth noting that five Republican “deficit hawks” who had previously staunchly opposed expanding the fiscal deficit suddenly changed their stance, with four members of Congress, including Chip Roy and Ralph Norman, voting in favor, directly reversing the situation where the bill was rejected on May 16th.
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Trump pushes for Gaza Free Zone plan, Hamas rare compromise: willing to exchange power for ceasefire triggers geopolitical shock
- May 19, 2025
- Posted by: Macro Global Markets
- Category: News
On May 15th local time, US President Trump once again proposed the plan to turn the Gaza Strip into a “free zone” at a business roundtable meeting held in Qatar, claiming that “there is nothing salvageable in Gaza” and advocating for the United States to take over the area and lead the reconstruction. At the same time, he demanded that Gaza residents relocate to neighboring countries such as Egypt and Jordan. Since its first proposal in January 2025, this plan has repeatedly sparked strong opposition from Arab countries and the international community, and has been criticized as “forcibly depriving the Palestinian people of their rights”.
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