The ISM Services PMI rose to 52.4 in October 2025 from 50 in September, beating forecasts of 50.8, pointing to the strongest expansion in the services sector since February. Both business activity (54.3 vs 49.9) and new orders (56.2 vs 50.4) rebounded while the continued contraction in employmet (48.2 vs 47.2) shows a lack of confidence in the continued strength of the economy. "There was no indication of widespread layoffs or reductions in force, but the federal government shutdown was mentioned several times as impacting business activity and generating concerns for future layoffs",...
U.S. President Donald Trump avoided a question on Monday about whether he would extend an August 12 deadline for higher U.S. tariffs on Chinese goods, saying, "we'll see what happens," as he lauded China's cooperation in talks with the U.S. "We've been dealing very nicely with China. As you have probably heard, they have tremendous tariffs that they're paying to the United States of America," Trump said at a news conference at the White House. "They've been dealing quite nicely," he said, adding that he had a good relationship with Chinese President Xi Jinping. A tariff truce between...
President Trump's deadline for Russia to strike a peace deal with Ukraine passed without stricter US sanctions imposed on Moscow. This likely contributed to the recent weakness in crude oil prices, with Brent trading at its lowest levels since early June, ING's commodity experts Ewa Manthey and Warren Patterson note. Speculators are bearish towards the oil market "The market is focused on Trump's meeting with President Putin on Friday – and whether any progress towards a peace deal can be made. But with Russia demanding that Ukraine cede occupied territory to end the war, it's difficult to...
About 55% of India's merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump's administration, the Indian government said on Monday. Last week, Trump imposed an additional 25% tariff on Indian goods as punishment for Delhi's purchases of Russian oil. That raised the total duty on Indian exports to the U.S. to 50% - among the highest on any American trading partner. The Indian government had taken into account the 25% tariff that Trump initially imposed on goods while providing Monday's estimate, Pankaj Chaudhary, India's junior finance...
From McDonald's and Coca-Cola to Amazon and Apple, U.S.-based multinationals are facing calls for a boycott in India as business executives and Prime Minister Narendra Modi's supporters stoke anti-American sentiment to protest against U.S. tariffs. India, the world's most populous nation, is a key market for American brands that have rapidly expanded to target a growing base of affluent consumers, many of whom remain infatuated with international labels seen as symbols of moving up in life. India, for example, is the biggest market by users for Meta's WhatsApp and Domino's has more...
U.S. President Donald Trump on Monday said he hopes China will "quickly quadruple" its soybean orders from American farmers, framing the move as a way to cut Beijing's trade deficit with Washington. In a post on his Truth Social platform, Trump said, "China is worried about its shortage of soybeans. Our great farmers produce the most robust soybeans. I hope China will quickly quadruple its soybean orders." "This is also a way of substantially reducing China's Trade Deficit with the USA. Rapid service will be provided," he added. Soybeans are a key U.S. agricultural export to China and...
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...
American consumers struggling to access food assistance payments due to the government shutdown are unable to fill their shopping carts, and that's "hurtful," according to the company behind Stop...