Breakfast briefing: Surpluses and tax cuts now, deficits later : vimarsana.com

US sentiment and data better, Powell sings same tune; China sees insurance company stress; German sentiment up; Australia gets a pre-election budget; UST 10yr 4.45%; gold up and oil weaker; NZ$1 = 60.3 USc; TWI-5 = 69.6

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