The average of household spending in Japan was down 0.5 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday – coming in at 328,969 yen. That beat forecasts for a decline of 1.5 percent following the 2.9 percent drop in March. On a seasonally adjusted monthly basis, household spending […]
Iran’s foreign minister has threatened US regional bases and reasserted sovereignty over the Strait of Hormuz, even as Trump claims ceasefire talks are in their final stages. Summary: The following is drawn from statements by Iranian and US officials and reports from June 3-5: Iranian Foreign Minister Araghchi stated that the Strait of Hormuz falls
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Bitcoin is heading for its worst week since February, down 13%, as ETF outflows hit a record 13-day streak and focus turns to Monday’s Strategy disclosure for signs of stabilisation. Summary: Bitcoin is down 13% this week, its worst performance since February Spot bitcoin ETFs recorded a 13th consecutive day of net outflows, the longest
In a letter to Russia’s Putin, Ukraine’s Zelenskiy proposed to end the war saying “Enough of war”. In a striking public letter addressed directly to Vladimir Putin, President Zelensky called for an immediate end to the war and proposed a face-to-face meeting at a neutral venue — naming Switzerland, Türkiye, and Arab states as potential
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U.S. nonfarm business sector productivity slowed much more than initially estimated and unit labor costs increased less than expected in the first quarter of the year, revised data from the Department of Labor showed on Thursday. Worker productivity, which is measured as output per hour, rose an annualized 0.3 percent from the previous quarter, reflecting
“Only a d***head says ‘vibe coding’ without sarcasm or intended insult. This s*** is burning us out so f***ing hard.” This is the rather harsh opinion of a senior engineer at a mid-tier data company – let’s call him Michael. He’s talking about a new form of software development in which a user provides a
Looking back over the last 15 trading days, most of the AUDUSD price action has been contained within a relatively well-defined range between 0.7100 and 0.7200. There were breaks below the lower boundary on May 19 and May 20, but neither move generated sustained downside momentum. Instead, buyers stepped in near the 0.7100–0.7113 support zone,
First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week’s revised level of 212,000. Economists had expected jobless claims to edge
Financial markets traded with a mixed tone today as investors tried to balance fresh signs of diplomatic progress in the Middle East against lingering concerns that the region’s energy and security risks are far from resolved. The shift in sentiment was reflected most clearly in currency markets, where Dollar weakened broadly as traders scaled back
How to trade or invest in Oracle shares Investors interested in enterprise software and cloud infrastructure exposure through Oracle have several options. Here’s how to approach participation: Research Oracle’s latest results, cloud market dynamics and AI infrastructure trends thoroughly. Understanding enterprise technology and trading software sector dynamics helps inform decisions. Trading for beginners provides useful
2026.06.04 2026.06.04 Pound Steadies as Sluggish GDP Growth May Keep BoE on Hold. Forecast as of 04.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The futures market expects the repo rate to rise from 3.75% to 4.25% in 2026. However, the weakness of the UK economy and labor market will most likely prevent the Bank of England from taking aggressive
Turkey’s export performance cooled in May 2026, with total overseas shipments falling to $22.50 billion, down from $25.40 billion in April 2026. The latest trade data, updated on 4 June 2026, signal a notable month‑on‑month pullback following April’s stronger showing. The decline suggests a loss of momentum after April’s peak, which may reflect shifts in
The primary catalyst for this aggressive risk-off rotation was an escalation in Middle Eastern geopolitics. Fresh threats to the fragile US-Iran ceasefire, alongside reports of launched or attempted retaliatory strikes, sent shockwaves through risk assets. This geopolitical premium immediately bid up the energy complex, with both WTI and Brent crude jumping by around2%. Adding fuel
Usually, rising oil prices have generally been a source of support for Canadian Dollar. This week, however, that relationship is breaking down. Despite Brent crude climbing back above $95 per barrel as US-Iran negotiations remain deadlocked, Canadian Dollar has weakened sharply against its US counterpart. The key reason is a new threat from Washington that
Construction PMI 38.2 vs 40.2 expected Prior 39.7 Ouch. That’s a terrible reading as things are just getting worse for UK’s construction sector in Q2. The estimate indicates that construction output fell at its sharpest pace since May 2020. And if you discount the drop during the Covid pandemic, this marks the steepest decline in
