The University of Michigan consumer sentiment for the US dropped to 55.4 in September 2025, down from 58 in August and well below market expectations of 58, according to preliminary estimates. This marked the second consecutive monthly decrease, pushing sentiment to its lowest level since May. The current conditions index deteriorated to 61.2 from 61.7 and the expectations gauge fell to 51.8 from 55.9. Meanwhile, year-ahead inflation expectations held steady at 4.8% while the five-year expectations moved up for the second straight month to 3.9% from 3.5%. Source : Trading Economics
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...
US President Donald Trump and Chinese President Xi Jinping agreed to resume trade talks, and the American leader said they resolved a dispute over rare earth exports that has been at the heart of tensions between the world's two largest economies. Trump acknowledged Thursday that trade relations with China had "gotten off track a little bit" but said now "we're in very good shape with China and a trade deal." He posted earlier on social media that "there should be no more questions about the complexity of the rare earths." "We're getting some points straight, mostly with the rare earth...
The number of Americans filing for unemployment benefits rose to 247,000 in the week ending June 1, 2025. The figure was higher than the 236K estimate and from the previous weekly revised figure of 239K, the Labor Department said on Thursday (6/5). Source : Newsmaker
Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday that abandoning uranium enrichment was "100%" against the country's interests, rejecting a central U.S. demand in talks to resolve a decades-long dispute over Tehran's nuclear ambitions. The U.S. proposal for a new nuclear deal was presented to Iran on Saturday by Oman, which has mediated talks between Iranian Foreign Minister Abbas Araqchi and President Donald Trump's Middle East envoy, Steve Witkoff. After five rounds of talks, several hard-to-bridge issues remain, including Iran's insistence on maintaining uranium enrichment...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
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...
Poland rejected on Friday a suggestion by Donald Trump that Russian drone incursions into its airspace could have been a mistake, a rare contradiction of the U.S. president from one of Washington's...