Asian Market Wrap Most Read: A Week Ahead: May NFP, Bank of Canada and ECB Rate Decisions Markets are on the backfoot this morning as US tariffs and trade tensions are once again in focus, denting risk appetite. The Asian session reflected this with risk assets struggling while haven flows have returned with a bang.
UK house prices rebounded unexpectedly in May, data from Nationwide Building Society showed Monday. House prices grew 0.5 percent on a monthly basis, in contrast to the 0.6 percent fall in April. Prices were expected to remain flat. Year-on-year, house price growth edged up to 3.5 percent from 3.4 percent in April. Nationwide’s Chief Economist
GBP/USD Weekly Outlook: Pound Sterling’s upside bias persists as traders brace for US NFP week The Pound Sterling (GBP) set out on a corrective downside against the US Dollar (USD) after the GBP/USD pair hit the highest level since February 2022, just shy of the 1.3600 mark. It was all about the US tariff headlines and the resultant USD
US stocks started the week lower as rising geopolitical tensions and higher metals tariffs announced by President Trump weighed on sentiment. Traders now shift focus to upcoming economic data including the key non-farm payrolls report for clues on the health of the labor market. Source link
Asian markets traded with a mild risk-off tone to start the week, though overall activity remains subdued due to holidays in China, Malaysia, and New Zealand. Nikkei is under pressure, weighed down by rising US-China trade tensions and US President Donald Trump’s announcement of steeper steel tariffs. Hong Kong equities are also lower, reflecting regional
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The manufacturing sector in Japan continued to contract in May, albeit at a slower pace, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 49.4. That’s up from 48.7 in April, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Data split by sector
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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OPEC+ has agreed to raise oil production by 411,000 barrels per day in July, matching the increases already set for May and June. The decision marks a continuation of the group’s recent strategy shift aimed at reclaiming market share and pressuring members who have been exceeding their output quotas. According to Reuters, eight members are
Japan will on Monday release Q1 figures for capital spending, highlighting a modest day for Asia-Pacific economic activity. In the previous three months, capex was down 0.2 percent on year. Indonesia will provide April numbers for imports, exports, trade balance and inflation. Imports are expected to rise 6.5 percent on year, up from 5.34 percent
China and New Zealand are both closed for public holidays today. Dragon Boat Festival holiday in China: Note that Hong Kong markets are open today. Kings Birthday holiday in New Zealand. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
