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
President Donald Trump said the U.S. will impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of the BRICS group of developing nations, whose leaders kicked off a summit in Brazil on Sunday. With forums such as the G7 and G20 groups of major economies hamstrung by divisions and the disruptive "America First" approach of the U.S. president, the BRICS is presenting itself as a haven for multilateral diplomacy amid violent conflicts and trade wars. In a joint statement from the opening of the BRICS summit in Rio de Janeiro released on Sunday...
U.S. President Donald Trump on Sunday lashed out against former confidant Elon Musk over the latter's plans to form a third political party in the country, furthering a bitter public feud between the two. In a long, rambling post on Truth.Social, Trump said he was "saddened to watch Elon Musk go completely ‘off the rails'," while criticizing the Tesla (NASDAQ:TSLA) CEO's plans for a new political party. "He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States… The one thing Third Parties are good for is the creation of Complete...
Several European Union automakers and capitals are pushing for a deal with President Donald Trump that would allow tariff relief in return for increased investment in the U.S., according to people familiar with the matter. Member countries were briefed on the status of the trade talks on Friday after a series of talks in Washington this week and were told that a technical agreement in principle was close, the people said, speaking on condition of anonymity. The EU has until July 9 to reach a trade deal with Trump before tariffs on nearly all of the bloc's exports to the U.S. jump to 50%....
Although the outcome of ongoing trade negotiations between the U.S. and European Union remains unclear, there are risks of an escalation in tensions, according to analysts at Barclays. European trade officials met with their Trump administration counterparts in Washington this week, as a pause to sweeping "reciprocal" U.S. tariffs is due to expire on Wednesday. But a trade agreement has yet to be reached, with the EU pushing for a deal "in principle" that would include immediate tariff relief for key sectors. Media reports have suggested that a pact could see the European Commission --...
Investors will be keeping a close eye on tariff headlines out of Washington next week, as a temporary suspension of punitive import levies is set to expire. If that Wednesday deadline passes without an increase in trade tensions, it could prove positive for the markets. Negotiators from more than a dozen major U.S. trading partners are rushing to reach agreements with U.S. President Donald Trump's administration by July 9 to avoid even higher tariffs, and Trump and his team have kept up the pressure in recent days. On Wednesday, Trump announced a deal with Vietnam that he says will impose...
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...