- — Decline in China fiscal revenue slows despite trade turmoil
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at 5/21/25 4:00amChinas fiscal revenue continued to decline in the first four months of the year, but at a slower pace than in the first quarter, data showed, offering some relief to policymakers striving to mitigate the impact of U.S. tariffs. Fiscal revenue in the January-April period totalled 8.06 trillion yuan ($1.12 trillion), down 0.4% year-on-year, data ...- — What does the Fed say? Wait and see
- at 5/21/25 4:00amFederal Reserve officials had plenty to say in Mondays public appearances but investors hoping for clarity on the direction of interest rates will have to wait. Some touched on Moodys downgrade of the U.S. sovereign credit rating by a notch, late on Friday, due to concerns about the nations growing, $36 trillion debt pile. Atlanta ...
- — The ‘triple A’ sovereign bond club has shrunk
- at 5/21/25 4:00amThe group of governments whose bonds get the highest ranking just got smaller, after the United States lost its last triple-A credit rating from Moodys. The agency on Friday downgraded the U.S. rating by a notch to Aa1 from Aaa, citing rising debt and interest, and reflecting increased concern about rising debt in big economies. ...
- — Tariff cuts ease mass China layoffs threat, but job market pain persists
- at 5/21/25 4:00amChinese worker Liu Shengzun lost two jobs in just one month as U.S. import tariffs shot up to triple digits in April, forcing a Guangdong lighting products factory, and then a footwear maker, to reduce output. Tariffs came down dramatically this week, but Liu has given up on factory jobs and is now back farming ...
- — ECB’s Escriva sees risks to global financial sector from U.S. trade policies
- at 5/20/25 3:00pmGeopolitical and trade tensions stemming from U.S. tariffs pose a risk to the stability of the global financial system and to global economic growth, European Central Bank policymaker Jose Luis Escriva warned on Tuesday. U.S. President Donald Trump has repeatedly threatened an array of punitive measures against trading partners, only to revoke some of them ...
- — China lowers benchmark lending rates for first time since October
- at 5/20/25 3:00pmChina cut benchmark lending rates for the first time since October on Tuesday, after Beijing announced sweeping monetary easing measures earlier this month to support the broad economy. The one-year loan prime rate (LPR) was lowered by 10 basis points to 3.0% from 3.1% previously, while the five-year LPR was reduced by the same margin ...
- — Japan is sticking to demand for US to eliminate tariffs, trade envoy says
- at 5/20/25 3:00pmJapans top trade negotiator, Ryosei Akazawa, said on Tuesday there was no change to Tokyos stance of demanding an elimination of U.S. tariffs in bilateral trade negotiations. Tokyo will not rush into clinching a trade deal if doing so risked hurting the countrys interests, he said. The slew of U.S. tariffs including reciprocal tariffs as ...
- — ECB’s Knot says inflation picture for June meeting still unclear
- at 5/20/25 3:00pmECB policymakers will need to get a clearer picture of the effects of U.S. and EU trade policies on inflation before they can decide whether interest rates need to be cut in June, ECB governing council member Klaas Knot said. I cant exclude we will decide to have another rate cut in June, but I ...
- — Next EU budget must be more flexible, have new revenues says von der Leyen
- at 5/20/25 3:00pmThe next European Union budget, paying for EU policies in 2028-2034, must be more flexible, more focused and funded by new revenues to repay the joint EU borrowing for the pandemic fund, the head of the European Commission Ursula von der Leyen said. Her remarks kick off the toughest and most acrimonious debate in the ...
- — Leading economic index posts biggest monthly drop in over two years
- at 5/20/25 3:00pmOn Monday, investors had one lone piece of data to hang their hats on. And it was a bit of a downer the Conference Boards (CB) Leading Economic Index (LEI) USLEAD=ECI decreased by 1.0% in April, steeper than analysts expected and marking an acceleration from Marchs 0.8% decline. Noting that April marked the largest monthly ...
- — UK-EU deal no gamechanger for Britain’s economy and public finances
- at 5/20/25 3:00pmA helpful first step but a gamechanger? Probably not After weeks of anticipation, the UK and EU have agreed a partial reset in economic relations, nine years after Britain’s landmark decision to leave the bloc. The UK’s Labour government has secured its manifesto commitment of a veterinary agreement. That means the UK will formally realign ...
- — Forget the downgrade: “perfect weeks” flash bullish signal
- at 5/20/25 3:00pmFor those who hadnt noticed, both the SP 500 and the Nasdaq 100 scored perfect weeks on Friday, a combo that historically signals further gains ahead, according to SentimenTrader. When, in the past, both indices rose every day of a 5-day calendar week, the SP 500 SPX delivered above-average returns in the months ahead and ...
- — Euro zone current account surplus jumps in March
- at 5/20/25 3:00pmThe euro zones current account surplus surged in March on higher goods exports, potentially linked to efforts by U.S. firms to ramp up imports before tariffs kicked in, data from the European Central Bank showed on Tuesday. The adjusted balance of payments surplus of the 20 nations sharing the euro rose to 50.9 billion euros ...
- — What if the June ECB cut is the last one?
- at 5/20/25 3:00pmECBs Isabel Schnabel repeated today her case for a steady hand in monetary policy, with some analysts also flagging the possibility that the central bank will pause in June after cutting the depo rate to 2%. The harmonised index of consumer prices (HICP) projections may imply that June could be the last cut, with further ...
- — Euro zone consumer confidence rises to -15.2 in May
- at 5/20/25 3:00pmEuro zone consumer confidence rose by 1.4 points in May from the April number, figures released on Tuesday showed. The European Commission said a flash estimate showed euro zone consumer morale improved to -15.2 this month from a revised -16.6 in April. Economists polled by Reuters had expected a rise to -16.0. In the European ...
- — Why the Bank of England can relax about inflation
- at 5/20/25 3:00pmAprils data is likely to be crazy Brace yourselves. April is always a crazy month for UK inflation. And this year’s data, released on 21 May, is set to be even crazier. Everything from energy price hikes and a 25% increase in water bills (ouch) to substantial rises in new car road tax looks set ...
- — Congress tax plan deepens hard-to-fill budget hole
- at 5/20/25 3:00pmBudget gimmicks that grease legislative negotiations don’t work on investors in U.S. government debt. Republicans in Congress are inching towards a deficit-busting $4.5 trillion tax cut bill. If passed, it would add almost $4 trillion to the U.S. debt pile of $36 trillion over the next decade, according to the Joint Committee on Taxation. That ...
- — China cuts key rates to aid economy as trade war simmers
- at 5/20/25 3:00pmChina cut benchmark lending rates for the first time since October on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-U.S. trade war. The widely expected rate cuts are aimed at stimulating consumption and loan growth as the ...
- — Trade deals not expected at G7 meeting, joint statement must serve US priorities, source says
- at 5/20/25 3:00pmThe U.S. Treasury does not anticipate any trade deal announcements as part of a Group of Seven finance leaders meeting this week in Canada, and will not agree to a joint communique unless it serves U.S. interests, a source briefed on U.S. participation in the meeting said. The source told reporters on condition of anonymity ...
- — Global retailers’ tariff strategy risks spreading pain beyond US consumer
- at 5/20/25 3:00pmGlobal retailers including sandal maker Birkenstock BIRK and jeweller Pandora PNDORA are looking at spreading the cost of U.S. tariffs by raising prices across markets to avoid big hikes in the United States that could hurt sales. A global presence gives large retailers an advantage to minimise higher tariff costs in the U.S. But it ...
- — EU, Britain go ahead with new Russia sanctions without waiting for Trump
- at 5/20/25 3:00pmThe EU and Britain announced new sanctions against Russia on Tuesday without waiting for the United States to join them, a day after President Donald Trump spoke to Vladimir Putin without winning a promise for a ceasefire in Ukraine. London and Brussels said their new measures would zero in on Moscows shadow fleet of oil ...
As of 5/21/25 11:18am. Last new 5/20/25 4:53pm.
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