Sperling, a former director of the National Economic Council, a White House unit that coordinates administration policy, cautioned the recent truce between the world’s biggest economies failed to address underlying structural issues. These include intellectual property rights, technology transfers and market access.
Appearances in the wake of that meeting, at which policymakers cut rates for an eighth time, include speeches by the central bank governors of Spain, France, Austria and Finland, along with ECB Vice President Luis de Guindos, chief economist Philip Lane, and Executive Board member Isabel Schnabel.
“If the tariffs can be revised, we have absolutely no intention of waiting” until the G-7 summit, Akazawa said. “We are negotiating with the aim to stop the impact on the Japanese economy as soon as possible, whether it’s by a day or by hours or even a second.”
“The impact of tariffs is gradually becoming clear. I believe that a significant decline in automobile exports will occur down the road,” said Shinichiro Kobayashi, chief economist at Mitsubishi UFJ Research and Consulting. “Currently, car sales in the US are still strong, so there is some demand for exports, but as sales decline, exports to […]
Several prominent Republican politicians and activists with ties to the White House, including the president’s eldest son, Donald Trump Jr., and Representative Byron Donalds, who is running for governor with the president’s endorsement, campaigned to scuttle Ono’s appointment. Florida Governor Ron DeSantis has long pushed to strip state university administrations of perceived supporters of what […]
“In the short term, the market shows a slightly bullish trend amid volatility,” said Gao Mingyu, Beijing-based chief energy analyst at SDIC Essence Futures Co. “But OPEC+’s rapid output increase makes it difficult for the supply-demand tightness that’s driven by seasonal and geopolitical factors to persist.”
A lot of trade lawyers would say that was no surprise that Trump tried a fairly obscure, untested, uh, legal authority and has at least lost for now. But there are others that he can use. They’re more targeted, they take longer to implement. There’s investigations you have to do to kind of justify why […]
“Oil’s rally is a classic case of worst fears not materializing,” said Charu Chanana, chief investment strategist at Saxo Markets Pte. “OPEC’s mixed signals, coupled with rising geopolitical tensions and driving-season demand, sparked a sharp short-covering rally,” with the weaker dollar also contributing to the move higher, she said.
All of that is restoring some of gold’s haven appeal, which has ebbed somewhat since it hit a record high above $3,500 an ounce in April. The precious metal is still up more than a quarter so far this year though, with Goldman Sachs Group Inc. saying last week it would remain a hedge against […]
“Our preliminary forecast range for May nonfarm payrolls is 60k-130k, with the central tendency clustering around 90k – lower than the consensus of 130k at the time of writing. We think one sector — leisure and hospitality — accounted for most of the weakness, as subpar international tourism and a pullback in government travel led […]