Russia unleashed a renewed attack on Ukraine, targeting the country's central and western regions with drone and missiles as Kyiv's allies pledged increased air defense protection to help shield the war-ravaged nation. Sirens sounded for more than six hours as Russia fired drones, cruise- and ballistic missiles and the Kinzhal hypersonic missile, Ukraine's air defense force said Monday on Telegram. At least one person was killed in the capital, Kyiv, and another was hospitalized "with multiple wounds." Kyiv is shrouded in smoke from fires in several districts, including an apartment...
China's Consumer Price Index (CPI) dropped at an annual pace of 0.1% in May after declining 0.1% in April, the National Bureau of Statistics of China reported on Monday. The market consensus was for a 0.2% decrease in the reported period. Chinese CPI inflation came in at -0.2% MoM in May versus April's 0.1% increase. China's Producer Price Index (PPI) fell 3.3% YoY in May, following a 2.7% decline in April. The data came in lower than the market consensus of 3.2%. Market reaction to China's inflation data At the press time, the AUD/USD pair is up 0.30% on the day to trade at...
Top U.S. and Chinese officials will sit down in London on Monday for talks aimed at defusing the high-stakes trade dispute between the two superpowers that has widened in recent weeks beyond tit-for-tat tariffs to export controls over goods and components critical to global supply chains. At a still-undisclosed venue in London, the two sides will try to get back on track with a preliminary agreement struck last month in Geneva that had briefly lowered the temperature between Washington and Beijing and fostered relief among investors battered for months by U.S. President Donald Trump's...
According to the US Bureau of Labor Statistics on Friday (02/05), US nonfarm payrolls rose to 139K in April. This figure is up from the estimate of 138K. Meanwhile, Average Hourly Earnings m/m data increased by 0.4% and Unemployment Rate is not change at 4.2% Source: Newsmaker
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese President Xi. The two leaders had a call yesterday and agreed to resume trade negotiations, but the absence of concrete progress kept markets on edge. Meanwhile, traders were also awaiting the latest US jobs report. In Europe, the ECB cut interest rates as widely expected, but President Lagarde signaled that the rate-cutting cycle may have reached its end. On the data front, exports and industrial...
US President Donald Trump said he may need to let Ukraine and Russia "fight for a while" before brokering a peace deal and hinted he might be willing to impose new sanctions on the two countries if he decides the conflict is not going to end. "Sometimes you let them fight for a while," Trump said during a meeting with German Chancellor Friedrich Merz on Thursday. "You see it in hockey, you see it in sports, the referee lets them fight for a few seconds, lets them fight for a while before you pull them apart." Trump said he would be willing to punish both countries if he did not believe...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
It...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Russia unleashed a renewed attack on Ukraine, targeting the country's central and western regions with drone and missiles as Kyiv's allies pledged increased air defense protection to help shield the...