Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from BRICS, six countries, basically, I hit them very, very hard. And if they ever really form in a meaningful way, it will end very quickly," Trump said without specifying which nations he was referring to. The BRICS group currently includes Brazil, Russia, India, China, South Africa, and has recently expanded to include other nations. In addition to...
According to the US Bureau of Labor Statistics on Friday (02/05), US nonfarm payrolls rose to 139K in April. This figure is up from the estimate of 138K. Meanwhile, Average Hourly Earnings m/m data increased by 0.4% and Unemployment Rate is not change at 4.2% Source: Newsmaker
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
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.
It...
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 Donald Trump said Wednesday he plans to send a single letter to over 150 countries outlining the tariff rate they will face, saying, "It's all going to be the same for everyone, for that...