'Red' Diesel to Hit U.S. Highways
U.S. President Donald Trump signed an executive order allowing diesel normally reserved for off-road use to hit U.S. public roads and highways.
TL;DR
- President Trump signed an executive order to expand the use of 'red diesel' on U.S. public roads.
- Trump attributed high fuel prices to Ukraine's attacks on Russian refineries.
- European bond markets are experiencing contagion concerns, with warnings about interest rates.
- Calls are being made for the European Central Bank to pause its quantitative tightening program.
- U.S. Treasury yields are at multi-year highs, with the 10-year yield at its highest since 2002.
- The Nasdaq reached a new record high, driven by Nvidia, Tesla, and SpaceX.
- Russian gold imports to Hong Kong have reached record levels, rerouted due to Western sanctions.