The July Consumer Price Index (CPI) release is expected to land within a narrow range of forecasts. Yet a single decimal point in the core inflation figure could trigger sharp market swings in rates, currencies, and equities. Market participants and policymakers are watching not just for confirmation of sticky price…
The UK job market is showing signs of a potential turnaround, with a recent, more modest decline in payroll employment hinting that the most severe impacts of significant tax increases and Living Wage hikes may now be in the rearview mirror.Despite better news on wage growth, allowing the Bank to…
Hopes of a dramatic increase in US soybean exports to China have been dashed, with Commerzbank AG calling a quadrupling of deliveries “completely unrealistic.”Soybean prices surpassed $10 per bushel on Monday, following remarks from US President Donald Trump. He expressed optimism that China would soon increase its soybean purchases from…
Beijing escalated its trade dispute with Ottawa on Tuesday, announcing a preliminary anti-dumping duty on Canadian canola imports. This move marks a significant development in a year-long economic disagreement that originated last August when Canada implemented tariffs on Chinese electric vehicle imports. The imposition of duties on canola, a major Canadian agricultural…
Shares of North American lithium producers surged on Monday after news that a major Chinese lithium mine would halt operations, a move investors believe could ease a global supply glut and support a rebound in prices for the battery metal.CATL, the world’s largest battery manufacturer, confirmed it has suspended operations…
President Donald Trump has extended the United States’ tariff truce with China for another 90 days, a move expected to stabilize trade relations between the world’s two largest economies and calm market fears of renewed escalation. The decision, reported by CNBC citing a White House official, pushes back the expiration…
In a dramatic escalation of the battle for artificial intelligence supremacy, Elon Musk launched a blistering attack against Apple Inc. late Monday, accusing the tech giant of creating a walled garden where only its chosen partner, OpenAI, can flourish. The confrontation sets the stage for a high-stakes clash between two…
A wave of relief swept across Asian markets on Tuesday, igniting a powerful rally led by technology shares after President Donald Trump signaled a crucial softening in the US tech war with China and extended a vital trade truce. The news sent investors flocking back to risk assets, hopeful that…
Returning from a holiday with explosive force, Japan’s Nikkei 225 Stock Average shattered its all-time high on Tuesday, as a powerful wave of relief over US trade policy and a rally in technology shares created a perfect storm of investor confidence. The blue-chip gauge soared as much as 2.5% to…
In recent weeks, US-China trade negotiations have shown a positive trend, though past events suggest this progress could quickly reverse.The anticipated 90-day extension of the US-China trade truce is a positive and expected development, according to ING Group. Late on Monday, US President Donald Trump extended the US’ tariff truce with…