The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total Nonfarm employment for March 2025 is -911,000, or -0.6%. The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on Tuesday, September 9. The preliminary revision will cover the 12-month period through March 2025 before the final benchmark revision is reported within the employment report of February 2026. "Official establishment survey...
The Indonesian rupiah touched an all-time low of around 16,950 per USD in April as the U.S. readied 104% tariffs on Chinese goods, escalating tensions between the world's two largest economies. Meanwhile, Indonesia faces a 32% tariff from the U.S. President Prabowo Subianto has instructed his cabinet to simplify trade rules and ease non-tariff barriers while assessing the impact on key exports such as textiles, electronics, footwear, and palm oil. Adding to the pressure, Indonesia's current account remained in deficit for the seventh quarter in Q4 of 2024, underscoring structural trade...
Markets may still be underestimating the risk of a full-blown U.S. recession following the sharp escalation in tariffs on Chinese goods, Goldman Sachs analyst said in a note. In the wake of the tariff announcement, U.S. markets experienced one of the largest two-day growth downgrades in decades, with implied GDP growth expectations dropping by 130 basis points—on par with shocks seen during COVID, the global financial crisis, and Black Monday in 1987, analysts said. Despite the massive selloff on Wall Street on April 3 and April 4, Goldman Sachs noted that markets have yet to fully price...
The United States said Tuesday that 104% tariffs on Chinese imports would go into effect shortly after midnight, even as the Trump administration moved quickly to begin talks with other trading partners targeted by President Donald Trump's sweeping tariff plans. U.S. stocks slumped on the news. Global markets had earlier posted gains on hopes that Trump might be willing to negotiate a series of country- and product-specific trade barriers he has built around the world's largest consumer market. The administration has scheduled talks with South Korea and Japan, two close allies and major...
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...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
It...
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...
Russian forces attacked a thermal power plant in the Kyiv region as part of an overnight attack, Ukraine's Energy Ministry said on Monday, triggering local power outages and gas outages.
The attack...