The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's (ISM) Manufacturing Purchasing Managers' Index (PMI) dropping to 48.7 from 49.1 in September. This reading came in weaker than the market expectation of 49.5. Other details of the PMI report showed that the Employment Index edged higher to 46 from 45.3 in this period, while the New Orders Index improved to 49.4 from 48.9. Finally, the Prices Pair Index, the input inflation component of the survey, declined to 58 from 61.9. Source: FXstreet
Following the publication of the high-impact China's April activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday. Productivity demand grew steadily. Employment situation generally stable.Economy grew steadily in face of pressure, continues developing in an upward trend. China actively diversifying, expanding trade with Belt and Road initiative nations.But there are many favorable conditions for sustained economic recovery. Although external impact increased in April, the trend of economic recovery did not...
President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in "good faith" on deals, Treasury Secretary Scott Bessent said in television interviews on Sunday. He did not say what would constitute "good faith" negotiations or clarify the timing to announce any decisions to return a country to the various rates Trump initially imposed on April 2. Trump has repeatedly reversed course since then, notably on April 9, when he lowered his tariff rates on most imported goods to 10% for 90 days to give negotiators time to hash out deals...
Waktu terus berjalan bagi UE untuk mencapai kesepakatan dengan Washington dan menghindari guncangan tarif, tetapi Capital Economics memperingatkan bahwa peluang untuk mencapai terobosan sangat kecil karena defisit perdagangan yang besar dan perpecahan internal blok tersebut mengaburkan pembicaraan. Taruhannya tinggi: jika pembicaraan gagal menghasilkan kesepakatan sebelum batas waktu 9 Juli, hampir semua ekspor UE ke AS—sekitar 70% dari total pengiriman—akan dikenakan pungutan sebesar 20%, naik dari 10% saat ini. "Kami menduga kesepakatan AS-UE tidak akan segera terjadi. AS mungkin kurang...
China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating. China's new interest in Canadian oil comes as U.S. President Donald Trump's trade war has strained relations between longtime allies Washington and Ottawa. It also reflects the impact of U.S. sanctions on crude from countries like Russia and Venezuela. Canada is the world's fourth-largest oil producer, but its main oil-producing province of Alberta is landlocked with...
The University of Michigan's gauge of consumer sentiment fell slightly to 50.8 in a preliminary reading in May from 52.2 in the prior month. It was the fifth straight monthly decline. Inflation expectations have edged higher. Economists surveyed by the Wall Street Journal had forecast sentiment rising to 53.5. This is a breaking story. Check back here for updates. Source: Bloomberg
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...
As the U.S. government shutdown disrupts federal employee paychecks across the country, it also exacerbates the financial hardship of attorneys who represent the poorest members of society when they...