The S&P Global Indonesia Manufacturing PMI tumbled to 46.7 in April 2025 from 52.4 in March, marking the first drop in factory activity for six months and the steepest fall since August 2021. Output fell the most in near four years, and new orders shrank after four months of growth. Foreign demand also weakened, with exports shrinking for the second time in three months. Employment fell for the first time in five months as backlogs of work declined modestly, and purchasing activity was scaled back after consistent gains. On a positive note, easing pressure on capacity led to improved...
A possible de-escalation of trade tensions between Beijing and Washington provided a fillip for markets on Friday, boosting risk sentiment and lifting stocks globally just as earnings from Apple (NASDAQ:AAPL) delivered a reminder of the trade war's true cost. China's Commerce Ministry said that Beijing was "evaluating" an offer from Washington to hold talks over U.S. President Donald Trump's 145% tariffs and that Beijing's door was open for discussions. At the same time, however, China said Washington needed to show "sincerity" in negotiations and should be prepared to cancel its unilateral...
The United States (US) Bureau of Labor Statistics (BLS) is due to publish the high-impact Nonfarm Payrolls (NFP) data for April on Friday at 12:30 GMT. The April employment report will be critical to affirm a Federal Reserve (Fed) interest rate cut in June amid prospects of US trade deals with its major Asian trading partners and an unexpected US economic contraction in the first quarter of this year. The data could, therefore, have a strong bearing on the US Dollar (USD) performance in the near term. In a NewsNation Town Hall interview early Thursday, US President Donald Trump said that...