President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow. Putin said he has "practically agreed" to the proposals to end the war outlined in summit talks with U.S. President Donald Trump in Alaska in August. "To say that we reject something is simply incorrect and has no basis in fact," he said Friday at his annual televised press conference in Moscow. "This issue is entirely on the side of our Western opponents, so to speak, primarily the leaders" of Ukraine and...
Initial jobless claims in the United States inched lower by 2,000 from the previous week to 227,000 on the period ending May 17th, the lowest in four weeks, and below market expectations of an increase to 230,000. The result extended the period of relative strength in the US labor market, despite the prolonged period of elevated interest rates and business pessimism highlighted by key leading economic indicators due to the heightened period of policy uncertainty. In turn, outstanding unemployment claims rose by 36,000 to 1,903,000 on the previous week, above expectations of 1,890,000, to...
The bond vigilantes were stalking global debt markets on Thursday, keeping the dollar and stocks subdued too, ahead of a crucial vote in the United States on President Donald Trump's "big beautiful" tax bill. Caution dominated in Europe after a lacklustre U.S. 20-year bond sale on Wednesday reinforced a "Sell America" narrative already nagging on investors' minds after Moody's last week cut its triple-A credit rating for the United States. Germany's long-term bond yields hit their highest in two-months as global yield curves steepened. Britain's government borrowed more than expected in...
The S&P Global UK Composite PMI rose to 49.4 in May of 2025 from 48.5 in April, aligned with market expectations of 49.3 to reflect the second consecutive contraction in private-sector activity, according to a flash estimate. Activity declined manufacturing (45.1 vs 45.4 in April), reflecting the sharpest drop in 19 months, and offsetting a marginal rebound for service providers (50.2 vs 49). New orders declined the most in two-and-a-half years, as clients cut back non-essential spending due to the increase in global economic uncertainty, stemmed by the threat of aggressive tariffs from...
The Eurozone manufacturing sector remained in contraction, while services sector also followed suit in May, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Thursday. The Eurozone Manufacturing Purchasing Managers Index (PMI) improved to 49.4 in May from 49 in April, beating the market estimate of 49.3. The bloc's Services PMI fell to 48.9 May from 50.1 in April. The data came in below the expected 50.3 print and hit a 16-month low. The HCOB Eurozone PMI Composite contracted to 49.5 in May, following April's 50.4. The market forecast was...
China and the 10-member ASEAN bloc have concluded negotiations on an upgraded free-trade agreement, known as version 3.0, marking a key move to deepen Beijing's regional ties amid ongoing U.S. trade disputes. The deal, which updates a 15-year-old agreement, awaits ratification and could be signed within the year. "China stands ready to work with ASEAN to ensure the stability of global supply chains, advance shared development, and safeguard fairness and justice," said Commerce Minister Wang Wentao. He criticized U.S. trade policies, warning that "there are no winners in a tariff war or...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow.
Putin said he...