The Institute for Supply Management (ISM) is scheduled to release its October Services Purchasing Managers' Index (PMI) on Wednesday. The report, a trusted measure of business performance and widely considered a leading indicator of economic activity, is expected to reflect moderate expansion in the services sector. Due to delays and cancellations of key macroeconomic data releases due to the ongoing US government shutdown, the ISM Services PMI report could significantly impact the US Dollar (USD) valuation in the near term. What to expect from the ISM Services PMI report? Markets expect...
Indonesia's consumer prices rose by 1.03% yoy in March 2025, below forecasts of a 1.16% gain, after a 0.09% drop in February. It was the highest inflation since last December as the electricity tariff returned to normal after discounting for the first two months of 2025 and rising consumption amid the Eid al-Fitr festive season. Core inflation, excluding administered and volatile food prices, stood at a 20-month high of 2.48%, slightly surpassing forecasts of a 2.50% rise. Monthly, the CPI increased by 1.65%, the most since December 2014, reversing a 0.48% fall in February, compared to...
US President Donald Trump continued his trend of issuing edicts via social media on Monday (07/4), lashing out at China's retaliatory tariffs last week. President Trump issued an Executive Order imposing "reciprocal" tariffs of 34% on all Chinese goods imported into the US on Wednesday, triggering retaliatory tariffs of 34% from China. The new 50% tariffs, which will be cumulative with the US's overall tariff of 10% and a targeted "reciprocal" tariff of 34%, will go into effect on Tuesday, April 8. If the Trump administration succeeds in imposing additional tariffs in the short term, US...
Imports to Germany increased by 0.7% month-over-month to EUR 113.8 billion in February 2025, easing from an upwardly revised 5% gain in the previous month. Arrivals from EU countries grew by 2.3%, mainly due to increased purchases from both the Euro area (2.8%) and the non-Euro area (1.4%). Meanwhile, arrivals from third countries declined by 1%, primarily driven by lower purchases from the US (-3.9%), the UK (-5.2%), and the Russian Federation (-4.5%). source: Federal Statistical OfficeExports from Germany rose by 1.8% month-over-month to a ten-month high of EUR 131.6 billion in February...
Goldman Sachs analysts said on Sunday evening that they now expect an even greater chance of a U.S. recession in 2025, especially after President Donald Trump unveiled his agenda for reciprocal tariffs. Goldman Sachs hiked its odds of a 2025 recession to 45% from 35% a week ago. The investment bank had last week also hiked its recession forecast. Goldman Sachs said "a sharp tightening in financial conditions, foreign consumer boycotts, and a continued spike in policy uncertainty that is likely to depress capital spending by more than we had previously assumed" drove its heightened...
US President Donald Trump said on Sunday that unless the China trade deficit is solved, there will be no deal, according to Reuters. Trump further stated that "sometimes you have to take medicine" when asked about recent market volatility, insisting he was not deliberately trying to trigger a selloff. US Commerce Secretary Howard Lutnick confirmed on Sunday that the tariffs would not be postponed and the policy will remain in place for days and weeks. Treasury Secretary Scott Bessent noted that more than 50 nations have approached the administration for negotiations but cautioned,...
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...
US President Donald Trump announced tariff cuts on fentanyl-related products from China, reducing them from 20% to 10%. This decision is part of an agreement reached at a summit in South Korea last...