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
China has retaliated against the new US tariffs by increasing import levies on a range of American agricultural and food products. The tariff increases announced Tuesday range from 10% to 15%. In addition, China has imposed export and investment restrictions on 25 US companies, citing national security concerns. China's foreign ministry said Tuesday that if the United States is determined to launch a trade war or tariffs, China will respond accordingly. The response will come in the form of countermeasures aimed at protecting China's rights and interests, according to ministry spokesman Lin...
On Tuesday (04/03), China swiftly retaliated against the new US tariffs by announcing a 10%-15% increase in import tariffs covering a range of American farm and food products, as well as imposing export and investment restrictions on 25 US companies. COMMENTARY: OLE HANSEN, HEAD OF COMMODITY STRATEGY, SAXO BANK "From a pricing perspective, this comes at a very bad time for US corn prices, which are already under selling pressure from hedge funds who have in recent months amassed very large and sustained bets on higher prices. "This will further increase China's dependence on Brazilian...
Asia-Pacific markets were set to fall Tuesday, tracking Wall Street declines overnight after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned. Japan's benchmark Nikkei 225 was set to open lower, with the futures contract in Chicago at 37,345 while its counterpart in Osaka last traded at 37,300, against the index's last close of 37,785.47. Japan's employment rate for January came in at 2.5%, slightly higher than Reuters' estimates of 2.4%. Futures for Hong Kong's Hang Seng index stood at 22,910 pointing to a weaker open compared to...
President Donald Trump confirmed Monday that tariffs on Mexico, and Canada are set to go ahead on Tuesday as both nations have now run out of room to negotiate a deal. Starting on Tuesday, all imported products from Canada and Mexico will be subject to 25% import duties. Trump has pointed to the lack of effort from Mexico and Canada to shore up their borders with the U.S. to stem the flow of the "vast amounts" of fentanyl that have poured into the United States. "No room left for Mexico or for Canada," the president told reporters at the White House. "The tariffs, you know, they're all...
St. Louis Federal Reserve President Alberto Musalem said on Monday he expects the U.S. economy to continue to expand this year, but recent weaker-than-expected consumption and housing data and reports from business contacts have raised concerns about possible risks to growth. "The outlook for continued solid economic growth looks good, the labor market is healthy, and financial conditions are supportive. But recent data have been weaker than expected, especially consumer spending and housing market data, posing some downside risk to growth," Musalem said in comments prepared for delivery...
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...