Macro update Asian shares slide: Asian equities fell sharply as oil prices climbed after comments from US President Trump suggested there was no urgency to reopen the Strait of Hormuz. Treasury yields jump: US yields rose to multi-month highs as higher oil prices reignited inflation concerns and increased expectations of a Fed rate hike this […]
Japan’s machine tool orders expanded at an accelerated pace in April amid both strong domestic and foreign demand, preliminary data from the Japan Machine Tool Builders Association, or JMTBA, showed on Friday.Machine tool orders jumped 45.1 percent year-on-year in April, following a 28.0 percent growth in the previous month. Moreover, this was the tenth successive
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The first trading day of Kevin Warsh’s tenure as Federal Reserve Chair is already being defined by rising Treasury yields, stronger Dollar demand, and market skepticism that the Trump-Xi summit will deliver meaningful relief from the global energy shock. US Treasury yields surged again in Asian session, with the 10-year yield breaking decisively above the
This is the findings from the latest Reuters’ poll on economists, involving the BOJ and the Japanese economy: Median forecast sees BOJ raising interest rates to 1.25% in Q4 (unchanged) 65% of economists anticipate policy rate to rise to 1.00% in June 74% of economists see currency intervention as unlikely to sustainably curb yen weakness
Peru’s trade surplus widened to USD 4,157 million in March 2026, up from USD 2,438 million in the same month a year earlier. Exports jumped 38.4% year-on-year to a record USD 9,947 million, supported by strong growth in traditional products (+49.3%), modest gains in non-traditional products (+1.0%), and a sharp increase in other products (+105.2%).
Key takeaways Brent crude oil surged above $106/bbl as the prolonged Iran conflict and continued Strait of Hormuz disruption reinforced fears of persistent global energy supply shortages and inflation pressures. The Federal Reserve maintained its “higher for longer” stance after stronger inflation data and elevated energy prices reduced expectations for rate cuts, while Kevin Warsh
Trump told Fox News that China will open its market in stages, buy US farm goods and oil, and receive shipments at Texas, Louisiana and Alaska ports, as oil prices rose and equity futures fell. Summary: Trump said China will open its market in stages and intends to purchase significant volumes of US agricultural products
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Producer prices in Japan were up 2.3 percent on month in April, the Bank of Japan said on Friday.That was far higher than forecasts for an increase of 0.7 percent and up sharply from the upwardly revised 1.0 percent gain in March (originally 0.8 percent).On an annual basis, producer prices spiked 4.9 percent – again
Fed’s Williams said monetary policy is in a good place and mildly restrictive, seeing no reason to raise or lower rates now, while flagging strong productivity growth and stable market conditions. Earlier: Summary: According to further remarks by New York Fed President John Williams on May 14: Williams described monetary policy as mildly restrictive and
The European Central Bank may opt for an interest rate hike if the sustained rise in crude oil price raise energy costs and inflation expectations substantially, ECB Governing Council member and Bank of Latvia chief Martins Kazaks said on Thursday. “Oil prices are higher and we are seeing that this is gradually starting to push
US stock indexes are reaching new all-time highs today, fueled by strong global risk appetite. The S&P 500 has moved past the 7,500 level, while the Nasdaq is also setting new records. The Dow Jones Industrial Average has climbed back above 50,000. The Chairman Warsh trade is leading market activity. Investors see his confirmation as
The British pound weakened further to $1.34 on Thursday, its lowest level in over a month, after a series of high-profile resignations signaled an intensifying contest for the prime minister’s post. MP Josh Simons stepped down to allow Manchester mayor Andy Burnham to run for parliament, while Health Secretary Wes Streeting resigned to position himself
Speaking on a Fox Interview: China would not give Iran military equipment China agreed to order 200 “Big” Boeing jets Xi offered to help on Iran Xi said he would like to continue to buy oil from Iran. Does not like China support to Iran Boeing shares have moved lower. There is some ambiguity as
Partly reflecting a jump in wholesale inventories, the Commerce Department released a report on Thursday showing U.S. business inventories increased by slightly more than expected in the month of March.The report said business inventories climbed by 0.9 percent in March after rising by 0.4 percent in February. Economists had expected business inventories to grow by
2026.05.14 2026.05.14 What Is the Petrodollar and How Does It Affect the Global Economy? Gleb Kabanovhttps://www.litefinance.org/blog/authors/gleb-kabanov/ What is the petrodollar, and why has this concept shaped the architecture of the global economy for decades? The term describes a mechanism in which oil is traded mainly in US dollars, while oil exporters reinvest their oil revenues
