Treasury Secretary Scott Bessent expects a substantial drop in inflation during the first six months of 2026, according to statements made Tuesday on Fox Business. Bessent indicated that an announcement regarding President Trump's Federal Reserve chair selection would likely come in early January, with "one or two more Fed interviews" possibly taking place this week. When discussing potential candidates, Bessent noted that both Kevin Warsh and Kevin Hassett are "very very qualified" for the position. He rejected suggestions that Hassett would lack agency at the Federal Reserve, while...
A highly anticipated meeting between the U.S. and Chinese presidents is more likely to take place next year than this fall, U.S. Ambassador to China David Perdue said Tuesday. "We're looking forward to getting together, as President Trump said, and potentially in the near future, but certainly next year," Perdue said. His comments came during a press conference with a group of U.S. lawmakers on a rare visit to Beijing the first since 2019. After a call Friday with Chinese President Xi Jinping, U.S. President Donald Trump said on social media that the two agreed to meet around a...
Economic activity in the UK's private sector expanded at a softer pace in September than in August, with the S&P Global Composite Purchasing Managers' Index (PMI) declining to 51 from 53.5. This reading came in worse than the market expectation of 52.7. In this period, the Manufacturing PMI fell to 46.2 from 47, while the Services PMI edged lower to 51.9 from 54.2. Commenting on the survey's findings, "September's flash UK PMI survey brought a litany of worrying news including weakening growth, slumping overseas trade, worsening business confidence and further steep job losses," said...
Germany's HCOB Manufacturing PMI slipped to 48.5 in September 2025, down from 49.8 in August, surprising market expectations for stabilization at 50. The reading signaled the steepest contraction in four months. Production continued to expand but at the softest pace in two months, while new orders fell for the first time in four months, marking the sharpest decline since January. Export sales also dropped for a second consecutive month. Firms relied on existing backlogs to support output, though outstanding business was depleted at the fastest rate in nine months. Employment fell further,...
Wolfe Research said the latest call between U.S. President Donald Trump and Chinese President Xi Jinping underscored a thaw in relations but cautioned that tariff relief is unlikely in the near term. The firm described the September 19 call as the capstone to "a week of positive noises on the US-China relationship," with both sides issuing upbeat readouts. Trump highlighted Xi's approval of the TikTok deal framework and "productive" talks on trade, fentanyl, and Russia-Ukraine. Beijing's statement was "pragmatic, positive, and constructive" but also warned that "the US side should avoid...
India's Trade Minister Piyush Goyal will visit Washington today, September 22, to push forward a long-pending trade deal, following renewed talks last week. "The delegation plans to take forward the discussions with a view to achieving early conclusion of a mutually beneficial trade agreement," an official statement said. On September 16, U.S. Assistant Trade Representative Brendan Lynch met Indian officials led by Chief Negotiator Rajesh Agrawal in New Delhi. Talks were described as "positive" and "forward-looking" after President Trump softened his stance following punitive tariffs on...
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...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...