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...
Oil prices rose after President Donald Trump threatened to punish any country that buys crude from Venezuela, raising concerns about a potential tightening of global supplies. West Texas Intermediate crude was trading above $69 a barrel after rising 1.2% on Monday, while Brent settled at $73. Trump has vowed to impose 25% tariffs on buyers of the South American nation's oil and gas on April 2, which could cut off supplies to refiners in China, India, Spain and the U.S. Trump's trade policies and retaliatory actions have led to increased volatility across global markets, with benchmark...
Japanese Yen (JPY) is underperforming most major currencies and USD/JPY is up near technical resistance at 150.00, BBH's FX analysts report. BoJ is unlikely to tighten the policy by more than is currently priced"Private sector activity in Japan deteriorated in March. The composite PMI fell from a six-month high of 52.0 in February to 48.5 in March, to signal a renewed reduction in business activity. The services PMI fell to a three-year low at 49.5 vs. 53.7 in February and the manufacturing PMI plunged to a multi-year low at 48.5 vs. 52.0 in February." "Meanwhile, Japan Finance Minister...
USD/CHF extends its winning streak for the fourth consecutive session, trading near 0.8840 during Asian hours on Monday. The pair gains as the US Dollar (USD) recovers its daily losses, supported by rising Treasury yields amid a hawkish tone surrounding the Federal Reserve (Fed). Last week, Fed Chair Jerome Powell noted, "Labor market conditions are solid, and inflation has moved closer to our 2% longer-run goal, though it remains somewhat elevated." The US Dollar Index (DXY), which measures the USD against six major currencies, continues to rise, hovering around 104.10. Meanwhile, yields...
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, held its upward momentum on Monday, tallying a four-day recovery. Strong S&P Services PMI as well as caution from Atlanta Federal Reserve President Raphael Bostic is benefiting the buck.US Dollar rises as economic signals clash with Fed cautionS&P Global Composite PMI rose sharply, showing improved economic momentum in March, led by robust service sector growth.Manufacturing PMI disappointed, slipping into contraction territory below 50 and falling short of market...
The AUD/USD pair edged higher on Monday, with the pair moving closer to the 0.6300 handle after bouncing off last week's lows around 0.6260. The recovery came during the American session amid increased optimism over a potential moderation in upcoming US tariff policy, supportive Chinese measures, and a solid set of Australian PMI data. Despite a still-firm US Dollar, AUD/USD managed to maintain mild gains, although technical indicators point to capped upside, particularly with the pair held below its 20-day Simple Moving Average (SMA) and momentum readings still in negative territory. The...
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.
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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 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...