Inflation relief is on the way - if these 3 market forces can come together

CANADA PM: RELATIONSHIP WITH CHINA MORE PREDICTABLE THAN WITH THE US

BEIJING-CANADA PM: CANADA WILL ALLOW UP TO 49,000 CHINESE ELECTRIC VEHICLES INTO THE CANADIAN MARKET, WITH THE MOST-FAVOURED-NATION TARIFF RATE OF 6.1% BEIJING-CANADA PM: THIS IS A RETURN TO LEVELS PRIOR TO RECENT TRADE FRICTIONS, BUT UNDER AN AGREEMENT THAT PROMISES MUCH MORE FOR CANADIANS BEIJING-CANADA PM: CANADA AND CHINA HAVE REACHED A PRELIMINARY, BUT LANDMARK, TRADE ARRANGEMENT TO REMOVE TRADE BARRIERS AND REDUCE TARIFFS BEIJING-CANADA PM: BY MARCH 1ST, CANADA EXPECTS THAT CHINA WILL LOWER TARIFFS ON CANADIAN CANOLA SEED TO A COMBINED RATE OF APPROXIMATELY 15% BEIJING-CANADA PM: CANADA EXPECTS THAT CANADIAN CANOLA MEAL – AS WELL AS LOBSTERS, CRABS, AND PEAS WILL NOT BE SUBJECT TO RELEVANT ANTI-DISCRIMINATION TARIFFS FROM MARCH 1 UNTIL AT LEAST END OF THIS YEAR

JAPAN FINMIN KATAYAMA: NOT SURE WHEN YEN-CARRY TRADES PEAK OUT AS JAPAN-U.S. INTEREST RATE DIFFERENTIALS ARE SET TO NARROW FURTHER

Can I start by extending my welcome to all participants in the Bellagio Group, and congratulate the organisers on a timely and highly relevant choice of subject. My role today is some scene setting. I am going to cover three points. First, a reminder of the benefits of open economies and why they need to be supported by an international rules-based system which gives important roles to multilateral institutions. Second, I will set out some of the conditions that help to make this system work. And, finally I will highlight a number of the specific big challenges we face today and must take on. The benefits of trade and openness in terms of specialisation and larger markets are very well known. So, too, is the need to have rules of the game and some form of commitment and co-ordination device to put these rules into effect and protect legitimate national interests. This may sound reasonable enough, but defining exactly such national interests has been hard, not least because their precise nature and force can change over time. Bretton Woods was a defining moment in terms of institution creation, but it was, of course, context specific – in the context of beggar my neighbour policies in the inter-war period when the institutional fabric of the gold standard broke down, and then a global war. The effectiveness of the international rules-based system has a number of key general dependencies. First, it depends on domestic national support and license – it cannot operate in isolation. The goals of international co-ope BANK OF ENGLAND'S BAILEY: NOW IS NOT THE TIME TO CLOSE THE WORLD TO THE BENEFITS OF TRADE BoE's Bailey: Populism is making economic challenges harder

$XAG Shanghai Exchange Cuts Trading Limits For Silver Futures

US Officials: Military Action Is Still On The Table If Iran Resumes The Killing Of Protesters – Axios - Israeli Officials Think That Despite The Delay, A US Military Strike Could Take Place In The Coming Days