(Reuters) -Investors are relieved that the United States and China have paused their damaging trade war, stocks are rallying and U.S. shelves may not be empty at Christmas after all – but trade tensions have not disappeared, they have merely receded. Here’s your look at the week ahead from Dhara Ranasinghe, Naomi Rovnick and Marc …
Take Five: Barbie’s back, but Trump trade turmoil persists Read More »
By Roshan Thomas and Sneha Kumar (Reuters) -Australia’s Mineral Resources on Monday named outsider Malcolm Bundey as non-executive chair, replacing James McClements after a decade in the role and sending shares of the lithium miner down 9% amid a broader governance shake-up. Bundey is currently the deputy chair at brick manufacturer Brickworks and has previously …
Australia’s Mineral Resources names Malcolm Bundey as next chair; shares slide Read More »
By Leika Kihara TOKYO (Reuters) -Japan will not resort to tax cuts funded by additional debt issuance, Prime Minister Shigeru Ishiba said on Monday, pushing back against political pressure to loosen fiscal policy ahead of an upper house election slated for July. “Japan is seeing interest rates turn positive and its fiscal state is not …
Japan’s Ishiba rules out tax cuts funded by debt issuance Read More »
By Steven Scheer JERUSALEM (Reuters) -Israel’s economy registered moderate growth of 3.4% in the first three months of 2025, as the war in Gaza against Palestinian Islamist group Hamas continued to take its toll, the Central Bureau of Statistics said on Sunday. The initial estimate for annualised gross domestic product growth in the January to …
Israel’s economy grew 3.4% in Q1 as war against Hamas weighs Read More »
(Reuters) -The European Central Bank may need to cut interest rates to “slightly below” 2% as global trade tensions pose downside risks to inflation and growth, Belgium’s central bank governor, Pierre Wunsch, told the Financial Times in an interview published on Saturday. Wunsch, previously known for his hawkish stance, told the FT that recent shocks …
ECB’s Wunsch says central bank may need to cut rates below 2%, FT reports Read More »
By Brijesh Patel (Reuters) – Gold prices have fallen almost 10% from a record high just above $3,500 per ounce in April as a de-escalation in U.S.-China trade tensions punctured momentum, but analysts are sticking with a bullish outlook due to strong underlying support for the metal. Spot gold was trading around $3,180 an ounce …
Gold players keep faith despite trade truce-induced correction Read More »
LONDON (Reuters) – U.S. equity funds received their first inflows in five weeks in the week to Wednesday, Bank of America Global Research said on Friday, as investors returned to U.S. assets when trade tensions started to ease. U.S. equities saw $19.8 billion of inflows, BofA said citing data from EPFR, while European and Japanese …
US equities attract first inflows in five weeks – BofA Read More »
SYDNEY (Reuters) -New Zealand’s inflation expectations rose in the second quarter to its highest in a year, a Reserve Bank of New Zealand (RBNZ) survey showed on Friday, as markets expect the central bank to cut rates when it meets end of this month. Two-year inflation expectations, seen as the timeframe when RBNZ policy action …
New Zealand inflation expectations rise in Q2, central bank survey shows Read More »
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of Australia will cut its key rate by 25 basis points on Tuesday and twice more this year as core inflation remains within its target range while trade tensions fuel growth concerns, a Reuters poll found. After it held borrowing costs steady in April there has …
RBA to lower key rate by 25 bps on May 20, two more cuts likely this year: Reuters poll Read More »
TOKYO (Reuters) -Japanese Finance Minister Katsunobu Kato said on Friday that he would seek to discuss foreign exchange issues with U.S. Treasury Secretary Scott Bessent on the understanding that excessive currency volatility is undesirable. “We reaffirmed at our meeting on April 24 that foreign exchange rates should be set by markets and that excessive volatility …
Japan Finance Minister to focus on forex consensus in dialogue with Bessent Read More »
