According to the Institute for Supply Management (ISM), the Manufacturing PMI rose to 50.9 in January from 49.3 in the previous month, beating market expectations of 49.8. Additionally, the Prices Paid Index—a measure of inflation—rose to 54.9 from 52.5, while the Employment Index increased to 50.3 from 45.4, and the New Orders Index improved to 55.1. The US dollar maintained its upbeat performance so far on Monday, motivating the US Dollar Index (DXY) to maintain its marked gains above the 109.00 mark for now. Excitement is building as the Institute for Supply Management (ISM) prepares...
United States (US) President Donald Trump hit the newswires with a wide swath of off-hand statements on Monday, ranging from the war in Ukraine, where President Trump expects 'rare earth metals' in exchange for obtaining a ceasefire with Russia. Donald Trump also noted that he remains "not happy" with the Panama situation, and reiterated that his work on tariffs is not over yet.We'll be doing something perhaps with TikTok if we can make the right deal, TikTok could go into the sovereign wealth fund.Nobody is out of tariffs.I had good talk with Trudeau.We haven't agreed on tariffs yet with...
China is the world's top energy importer but its purchases from the United States are relatively modest, lessening the impact of Beijing's move Tuesday to impose retaliatory tariffs on U.S. crude oil, liquefied natural gas (LNG) and coal. Shortly after U.S. President Donald Trump's tariffs on China took effect Tuesday, China's Finance Ministry said it would impose levies of 15% on U.S. coal and LNG imports and 10% on crude oil as well as farm equipment and some cars, starting Feb. 10. China's U.S. crude oil imports fell 52% to about 230,540 barrels per day (bpd) in the first 11 months of...