END OF DAY REPORT APRIL 17th

HIGHLIGHTS

China warns of "major" military action within the Yellow Sea on Tuesday, via Bloomberg 
For reference, the Yellow Sea resides between China and North/South Korea. China has undertaken drills in this area in recent years.
ECB President Lagarde when asked about changing 2% goal, said once inflation objective is achieved, we can discuss
Russian Foreign Minister Lavrov says Russia and Brazil are seeking to increase multilateral and bilateral partnerships, mainly in foreign trade and investments; will make efforts to boost cooperation in energy, especially nuclear power
House Speaker McCarthy, in a speech at the NYSE, says a no strings attached debt limit increase will not pass; House will vote in the coming weeks on a Bill to lift debt ceiling into next year Says he has not heard from the White House on the debt ceiling since his first meeting with the President Criticises high government spending and deficits under the Biden administration Spending should return to 2022 levels and limit growth of spending to 1%, over the next decade
Fed's Barkin (non-voter) says he's reassured by what he's seeing in the banking sector; never want to declare victory on potential bank strain Wants further evidence that inflation is settling back to target