{"id":7532,"date":"2024-04-22T09:58:57","date_gmt":"2024-04-22T08:58:57","guid":{"rendered":"https:\/\/test-hcfx.pantheonsite.io\/?p=7532"},"modified":"2024-04-23T10:15:50","modified_gmt":"2024-04-23T09:15:50","slug":"us-house-approves-additional-aid-for-ukraine","status":"publish","type":"post","link":"https:\/\/hamiltoncourtfx.com\/it\/us-house-approves-additional-aid-for-ukraine\/","title":{"rendered":"US House Approves Additional Aid for Ukraine"},"content":{"rendered":"
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Macro Monday<\/strong><\/h3>\n

Since the first London Marathon took place in 1981 the event has helped raise \u00a31 billion for charity.
\nCongratulations to anyone who took part this weekend!<\/h4>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n
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US House Approves Aid for Ukraine<\/h2>\n <\/div>\n
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This weekend, the US House of Representatives passed a fresh military aid package for Ukraine worth $61bn. This came as 311 Representatives supported the bill against 112 who opposed it and marks a crucial step in bolstering the Ukrainian war effort.<\/p>\n

With many elements of Ukraine\u2019s military running low on ammunition, Kyiv has\u00a0been calling for the additional funds to be released for months and its passing has been met with satisfaction from the country.<\/p>\n

The Bill has been held up in the House for some six months with many House Republicans arguing that the release of funds should be contingent on the further federal spending on the US\u2019 southern border. Though following Republican Speaker of the House Mike Johnson\u2019s change of positioning, many Republicans were swayed. Zelensky welcomed the decision and that it \u201ckeeps history on the right track\u201d.<\/p>\n

Included in the package is $9bn in so-called \u2018forgivable loans\u2019 which need not be paid back by Kyiv.<\/p>\n

The package will now head to the Senate where it is expected to pass through promptly ahead of being signed off by President Joe Biden later this week. Upon the Bill\u2019s passing in the House, Biden said that \u201cToday, members of both parties in the House voted to advance our national security interests and send a clear message about the power of American leadership on the world stage\u201d. He also urged Capitol Hill to get it through the Senate as soon as possible \u201cso that I can sign it into law, and we can quickly send weapons and equipment to Ukraine to meet their urgent battlefield needs\u201d.<\/p>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n

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Oil Prices Slip<\/h2>\n <\/div>\n
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Oil prices edged lower during the course of this morning\u2019s open as they trade at their lowest level in four weeks. Here, WTI crude futures fell below $81 dpb having slid from Friday\u2019s intraday high of $86 dpb. This comes as markets consider easing tensions across the Middle East following Israel\u2019s strike on the Iranian province of Isfahan.<\/p>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n

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Today\u2019s Data<\/h2>\n <\/div>\n
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This week gets off to a fairly light start as far as Data is concerned with attention this morning focusing on The People\u2019s Bank of China leaving their benchmark 1-year loan prime rate unmoved at 3.45% along with\u00a0maintaining\u00a0their 5-year loan prime rate at 3.95%. This followed a 25bps rate cut at their last monetary policy meeting as Beijing looks to provide a monetary stimulus into an economy which has come under significant pressure.<\/p>\n

Later today, we will see the release of Eurozone Consumer Confidence at 1500 this afternoon ahead of the ECB\u2019s President Christine Lagarde speaking at 1630.<\/p>\n

Today\u2019s data comes ahead of the release of PMIs tomorrow where markets will be looking to see the latest sign of how the private sector is performing.<\/p>\n <\/div>\n <\/div>\n <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Macro Monday, military aid package for Ukraine approved by US House, lowest level of trade for oil prices, and what’s happening today.<\/p>","protected":false},"author":15,"featured_media":1927,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"rp-language":[16],"class_list":["post-7532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-morning-updates","rp-language-en_gb"],"_links":{"self":[{"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/posts\/7532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/comments?post=7532"}],"version-history":[{"count":4,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/posts\/7532\/revisions"}],"predecessor-version":[{"id":7536,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/posts\/7532\/revisions\/7536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/media\/1927"}],"wp:attachment":[{"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/media?parent=7532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/categories?post=7532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/tags?post=7532"},{"taxonomy":"rp-language","embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/rp-language?post=7532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}