Less than four months ago, President Donald Trump met with Qatar's leader, praised his magnificent palace, and signed a comprehensive defense agreement with the Gulf monarchy, a key ally that hosts the largest US base in the Middle East. Israel's surprise attack on Hamas leaders in Doha on Tuesday has shaken the relationship, angered Trump, and drawn strong condemnation from Doha and its Western allies. Ordered by Israeli Prime Minister Benjamin Netanyahu and targeting the Palestinian militant group's political offices, the attack killed a Qatari security agent and five others, but failed...
US President Donald Trump said Friday there was a "very good chance" that the war between Russia and Ukraine could end after "productive" discussions with Russian President Vladimir Putin on Thursday. "We had a very good and productive discussion with President Vladimir Putin of Russia yesterday, and there is a very good chance that this terrible and bloody war can finally be over," Trump said in a Truth Social post, adding that he had asked Putin to spare the lives of Ukrainian troops who are "completely surrounded." US envoy Steve Witkoff had a lengthy meeting with Putin in Moscow on...
U.S. consumer sentiment fell to its lowest level in more than two years and long-term inflation expectations jumped the most since 1993, reflecting growing concerns about the economic impact of tariffs. A preliminary March sentiment index fell to 57.9, the lowest level since November 2022, from 64.7 a month earlier, according to University of Michigan data released Friday. The reading was weaker than all estimates in a Bloomberg survey of economists. Consumers expect prices to rise at an annual rate of 3.9% over the next five to 10 years, up 0.6 percentage point from the previous month and...
The recent data on tariffs and consumer decision-making is clear: raise prices on a product due to higher import taxes, and consumers will turn to a cheaper alternative. That doesn't bode well for certain U.S. products, and the states where they are produced, as the U.S. and EU engage in tit-for-tat tariff threats. Think California almonds, Tennessee whiskey, and rearview mirrors from Michigan. From 2017-2019, Tennessee whiskey exports to the European Union dropped from $362 million to $220 million amid President Donald Trump's first term trade war, and exports remained low until the...
After flubbing his planned doubling of tariffs on Canada, which saw Canada poised to lash back with stiff increases in the cost of energy exported from the province of Ontario to the US, US President Donald Trump is shifting his tariff focus to the European Union, but maintaining the same playbook. Donald Trump's brief standoff against Canada saw the US's neighbor to the north make zero concessions. Canada is now on pace to impose a strategic package of tariffs against key US goods in retaliation for the US's steel and import tariffs that went into effect this week, and trade terms under...
The Producer Price Index (PPI) for final demand in the US rose 3.2% on a yearly basis in February, the data published by the US Bureau of Labor Statistics showed on Thursday (13/3). This reading followed the 3.7% increase recorded in January and came in below the market expectation of 3.3%. The annual core PPI rose 3.4% in the same period, down from 3.8% in January. On a monthly basis, the PPI was unchanged, while the core PPI declined by 0.1%.(Newsmaker23) Sumber: FXstreet
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...
Less than four months ago, President Donald Trump met with Qatar's leader, praised his magnificent palace, and signed a comprehensive defense agreement with the Gulf monarchy, a key ally that hosts...