‘I am getting very frustrated’: My mother’s adviser has not returned my c…
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Trade Chaos Likely to Linger, June to Bring More Uncertainty
Markets endured another week of trade confusion, with sentiment swinging sharply on alternating headlines. As a result, investor confidence remains fragile, with markets finding little footing as the tug-of-war between hopes of progress and fear of escalation continues. While the 90-day reciprocal tariff truce is now in effect, its second half is shaping up to
Hard Drug Allegations Against Musk and What Does Price Action Hints
Tesla Under Pressure After NYT Drug Allegations Against Musk – But What Does the Market Tell Us? A weekend exposé by The New York Times titled “Musk’s Drug Use On Campaign Trail Stoked Concerns” has reignited scrutiny over Elon Musk’s personal habits, reporting that the Tesla and SpaceX CEO frequently travels with a box containing
China May Manufacturing PMI rose to 49.5 (prior 49.0), Non-manufacturing 50.3 (prior 50.4)
Data from China’s National Bureau of Statistics (NBS) released on Saturday, May 31, 2025, official May 2025 PMIs Manufacturing Sector PMI: Rose to 49.5 (expected 49.5 and from 49.0 in April); still below the 50 threshold, indicating contraction for a second month. The improvement in May is likely reflecting some thawing in the icy trade
China NBS Manufacturing PMI meets expectations (49.5) in May
China NBS Manufacturing PMI meets expectations (49.5) in May Source link
A Week Ahead: May NFP, Bank of Canada and ECB Rate Decisions
Week in Review: Trump Taco, USD indecision and RBNZ Rate decision This week was once again filled with tradable action in markets.The week started off with closed US and UK markets, a broadly positive sentiment taking global indices higher in the beginning of the week with the Nikkei 225 leading the charge.The US Dollar also
Forexlive Americas FX news wrap 30 May: PCE dips but may be the low for the cycle.
The April US core PCE price index, the Federal Reserve’s preferred inflation gauge, rose 0.1% month-over-month, matching expectations. On a year-over-year basis, core PCE increased 2.5%, also in line with forecasts. The prior month’s figures were revised slightly higher, with core PCE YoY adjusted to 2.7% from 2.6%. Headline PCE rose 0.1% m/m and 2.1%
Mexico Fiscal Balance, pesos increased to 0.29B in April from previous -24.6B
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Gold price falls below $3,300 on strong US Dollar as Trump reignites China tensions
XAU/USD drops as strong US Dollar pressures Bullion; tariff uncertainty rattles markets. US core PCE dips in April, but strong data lifts yields, dampening Gold’s appeal. Trump accuses China of violating trade deal, reviving geopolitical and tariff concerns. Gold price slumped on Friday as the US Dollar recovered some ground despite witnessing a drop in
USDCAD approaches Weekly Lows: Where Could the Loonie Go from Here?
USDCAD had seen a decent rebound from last week lows, starting the week at 1.36850.It was a generally positive week for the US Dollar and a relatively muted one for the Loonie. A lack of key economic data before this morning led to some recovery in the USD, particularly as earnings came in overall better
Wizz Air Q4 FY 2025 Earnings Preview: Engine Issues Test Growth Strategy
Wizz Air’s operational performance amid engine challenges As Wizz Air approaches the release of its fourth quarter (Q4) and full-year 2025 earnings on 5 June, 2025, investors are keenly observing how the airline is managing ongoing operational challenges while pursuing strategic expansion. In the first quarter (Q1) of 2025, Wizz Air expanded its fleet to 218
University of Michigan sentiment for May final 52.2 vs.51.0 estimate
Preliminary 50.8. Last month 52.2 Univ of Michigan sentiment final 52.2 vs 51.0 estimate Current conditions 58.6 vs 57.6 preliminary and 59.6 prior month Expectations 47.9 vs 46.5 preliminary and 47.3 prior month Inflation expectations: 1 year inflation expectations 6.6% vs 7.3% preliminary. Prior month 6.5% 5-year inflation expectations 4.2% vs 4.6% prelimary. Prior month
Portugal GDP Growth Slows As Estimated, Inflation Rises
Portugal’s economic growth eased as initially estimated in the first quarter, while flash consumer price inflation rose somewhat in May, separate reports from Statistics Portugal showed on Friday. Gross domestic product, or GDP, advanced 1.6 percent year-on-year in the March quarter, slower than the 2.8 percent rise in the fourth quarter. That was in line with
Trade Rhetoric Sours Sentiment Again as US-China Tensions Resurface
Market sentiment took another bearish turn today following renewed rhetoric from US President Donald Trump, who accused China of having “totally violated” its preliminary trade agreement with the U.S. The comments, delivered via social media, were echoed by Trade Representative Jamieson Greer in a CNBC interview, where he expressed concern over China’s delayed compliance. Greer
Core PCE inflation softens to 2.5% in April as forecast
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, declined to 2.1% in April from 2.3% in March, the US Bureau of Economic Analysis reported on Friday. This reading came in below the market expectation of 2.2%. The core PCE Price Index, which excludes