If it just seems like the first Friday of the month wasn't the same without being able to pore through the Bureau of Labor Statistics' hotly watched monthly jobs report, don't worry. You probably didn't miss much. While the BLS has gone dark with the shutdown in Washington, other reports outside the government data suggest the labor market just plodded along in September. The Dow Jones consensus forecast was for growth of 51,000 in nonfarm payrolls with the unemployment rate holding steady at 4.3%. High-frequency data that includes job postings, private payrolls and state-by-state figures...
Retail Sales in the United States (US) rose by 1.4% in March to $734.9 billion, the US Census Bureau announced on Wednesday. This reading followed the 0.2% increase recorded in February and came in slightly better than the market expectation for an increase 1.3%. On a yearly basis, Retail Sales were up 4.6%. "Total sales for the January 2025 through March 2025 period were up 4.1% from the same period," the press release read. "Retail trade sales were up 1.4% from February 2025, and up 4.6% from last year." Source: FXStreet
British inflation slowed to its weakest in three months in March and other measures watched by the Bank of England cooled too, but higher bills and employer costs will pressure prices soon against the backdrop of U.S. President Donald Trump's trade war. Inflation slowed to an annual rate of 2.6% in March from 2.8% in February, below expectations of 2.7% in a BoE forecast and a Reuters poll of economists. A price drop for computer games and falling fuel prices helped bring down the headline rate although the prices of clothes rose strongly after a surprise fall in February, the Office for...
The Trump administration is planning to use ongoing tariff negotiations to pressure U.S. trading partners to limit their transactions with China, according to the Wall Street Journal, citing people familiar with the discussions. The report added that the Trump administration wants to use negotiations with more than 70 countries to get them to ban China from shipping products through their countries and to bar Chinese companies from setting up business there to avoid U.S. tariffs. (Newsmaker) Source: FXstreet
As China imposes export controls on rare earth elements, the U.S. would be unable to fill a potential shortfall, according to the Center for Strategic and International Studies — and this could threaten Washington's military capabilities. Amid U.S. President Donald Trump's escalating tariffs on China, Beijing earlier this month imposed export restrictions on seven rare earth elements and magnets used in defense, energy and automotive technologies. The new restrictions — which encompass the medium and heavy rare earth elements samarium, gadolinium, terbium, dysprosium, lutetium, scandium...
Indonesia's economy grew 0.53% qoq in Q4 of 2024, compared with market consensus of 0.56% and after a 1.5% increase in Q3. It was the third straight quarterly growth but the softest in the sequence, amid a sharp slowdown in fixed investment (2.44% vs 8.35% in Q3). Meanwhile, private consumption recovered (1.64% vs -0.48%), boosted by spending related to year-end, as did government expenditure (38.58% vs -1.17%). On the trade front, exports (4.63% vs 7.78%) and imports (3.23% vs 9.37%) slowed, on weaker demand both globally and domestically. Production-wise, activity slowed for mining (3.25%...
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...
The U.S. government shut down much of its operations on Wednesday as deep partisan divisions prevented Congress and the White House from reaching a funding deal, setting off what could be a long,...