Saturday, 19 July 2025
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Saturday, 19 July 2025 03:52 WIB

Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from BRICS, six countries, basically, I hit them very, very hard. And if they ever really form in a meaningful way, it will end very quickly," Trump said without specifying which nations he was referring to. The BRICS group currently includes Brazil, Russia, India, China, South Africa, and has recently expanded to include other nations. In addition to...

RECENT NEWS
US ISM Manufacturing PMI Slightly Above Forecasts
Tuesday, 1 July 2025 21:52 WIB |

The ISM Manufacturing PMI edged up to 49 in June 2025 from 48.5 in May, compared to forecasts of 48.8, signalling economic activity in the manufacturing sector contracted for the fourth consecutive month. However, the rate of contraction slowed, amid a rebound in production (50.3 vs 45.4) and improvements in inventories (49.2 vs 46.7). On the other hand, new orders (46.4 vs 47.6), employment (45 vs 46.8) and backlog of orders (44.3 vs 47.1) contracted at a faster pace. Also, inflationary pressures increased slightly (69.7 vs 69.4) and tariffs-induced prices growth accelerated. Meanwhile, the...

US Job Openings Boom! A Sign That the Economy Is Still Resilient?
Tuesday, 1 July 2025 21:21 WIB |

Data from the US Bureau of Labor Statistics showed that the number of job openings in May rose sharply to 7.77 million, well above the market estimate of 7.3 million. This indicates that the US labor market is still quite strong. The job opening rate rose to 4.6% from 4.4% previously. Meanwhile, the number of people who resigned from their jobs also increased to 3.29 million, indicating workers' confidence in new opportunities. On the other hand, the number of layoffs actually decreased to 1.6 million, indicating that the layoff rate is getting lower. This data could reduce pressure on the...

Goldman Sachs pulls forward forecast for next Fed rate cut to September
Tuesday, 1 July 2025 20:05 WIB | Ekonomi Global

Goldman Sachs says it now expects the Federal Reserve to slash interest rates earlier than initially anticipated, citing relatively mild effects from U.S. President Donald Trump's aggressive tariff agenda. Writing in a note to clients, the analysts led by Jan Hatzius said they now predict that the central bank will cut borrowing costs by 25 basis points in September, prior to an earlier forecast that the next reduction would come in December. "While it is far from clear, we think the odds of a cut in September are somewhat above 50% because we see several routes to get there --...

Euro zone inflation edges higher, hitting ECB's 2% target in June
Tuesday, 1 July 2025 18:10 WIB | Eropa

Euro zone inflation rose slightly to 2% in June, according to flash data from statistics agency Eurostat on Tuesday, meaning consumer prices in the single currency area are now in line with the European Central Bank's target of 2%. Economists polled by Reuters had expected the reading to come in at 2% in the twelve months to June. Euro zone inflation had fallen by more than expected to 1.9% in May. Core inflation, which excludes energy, food, tobacco and alcohol prices, was unchanged at 2.3% in June. The closely watched services inflation print picked up to 3.3% in June, after cooling...

ECB Forum Preview: Central bankers to shed light on interest rate path as uncertainty grows
Tuesday, 1 July 2025 17:51 WIB | EUROPE ECB

Jerome Powell, Chairman of the Federal Reserve System (Fed), and Christine Lagarde, European Central Bank (ECB) President, will speak at the 2025 ECB Forum on Central Banking at 13:30 GMT on Tuesday, July 1.Alongside Fed Chairman Powell and ECB President Lagarde, Bank of England (BoE) Governor Andrew Bailey and Bank of Japan (BoJ) Governor Kazuo Ueda will also be taking part in the same panel. The Fed left its policy rate unchanged in the range of 4.25%-4.5% following the June policy meeting, and the revised Summary of Economic Projections (the so-called dot-plot) showed that policymakers...

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ASIA
China Manufacturing Shrinks for 3rd Month
Monday, 30 June 2025 09:46 WIB

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...

EUROPE
European Shares Muted
Friday, 6 June 2025 14:47 WIB

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...

GLOBAL ECONOMY
Trump Plans Uniform Tariff Letter for Over 150 Countries
Thursday, 17 July 2025 07:41 WIB

President Donald Trump said Wednesday he plans to send a single letter to over 150 countries outlining the tariff rate they will face, saying, "It's all going to be the same for everyone, for that...