“If the UK meeting continues to signal optimism, it could weaken the negative economic impact of the trade war,” said Gao Mingyu, Beijing-based chief energy analyst at SDIC Essence Futures Co. “After the short-term bearish impact of OPEC+’s July ouptut hike was digested, improving macro sentiment, stronger seasonal demand, and lingering geopolitical risks have all […]
If any credit weakness were to hit, it would likely start with smaller companies, and in leveraged finance or even private credit, said Matthew Mish, UBS’ head of credit strategy. A close look does show some signs of weakness, at least in the smaller firms. Corporate profits for domestic, non-financial companies declined by about 3% […]
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.
“But we do see that also the more persistent components are coming down,” she said. “And of course, yes, some of the numbers are still not where they should be. So wage growth is of course, at the, at the moment still too high service inflation still relatively high. Domestic generally is relatively high, but, […]
Traders are, however, still obsessed with macroeconomic data. Over the past three months, the S&P 500’s average realized volatility on days when the CPI report, the government’s monthly jobs data and Fed rate decisions are released has been nearly 42%, compared with a reading of 29% on all other sessions, according to data complied by […]
“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.”
Brent traded around $65 a barrel and was on track for its first weekly gain since mid-May, while West Texas Intermediate was near $63. President Donald Trump and his Chinese counterpart, Xi Jinping, agreed to further trade talks aimed at resolving disputes over tariffs and supplies of rare earth minerals.
“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.”