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  • May 12, 2025

Bond Traders Eye Inflation for Rate Clues as Recession Odds Fade

(Bloomberg) -- The temporary US-China trade truce dimmed the odds of a recession and sparked a selloff in Treasuries, raising the stakes for investors ahead of the release of inflation figures for the world’s biggest economy.Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Tr

  • May 12, 2025

Dollar holds gains, yuan jumps from US-China trade pact

SINGAPORE (Reuters) -The dollar retreated slightly on Tuesday but held most of its gains on lingering optimism over a tariff deal between the United States and China, which tapped the brakes on a trade war between the world's two largest economies. "It's way better than the market was expecting," said Rodrigo Catril, senior FX strategist at National Australia Bank. China's yuan scaled a six-month high, peaking at 7.1855 per dollar, which in turn lifted the Australian and New Zealand dollars.

  • May 12, 2025

Xi Defiance Pays Off as Trump Meets Most China Trade Demands

(Bloomberg) -- Xi Jinping’s decision to stand his ground against Donald Trump could hardly have gone any better for the Chinese leader. Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Trump PoliciesLA Mayor Credits Trump on Fire Aid, Stays Wary on ImmigrationAfter two days o

  • May 12, 2025

Australia consumer sentiment recovers partially from tariff blow

SYDNEY (Reuters) -A measure of Australian consumer sentiment partially rebounded in May as the initial shock of U.S. President Donald Trump's tariff war faded a little, an improvement that should be underpinned by the latest truce with China. A Westpac-Melbourne Institute survey showed on Tuesday its main index of consumer sentiment bounced 2.2% in May, retracing some of the 6.0% dive suffered in April when Trump first announced his "reciprocal" tariffs. Matthew Hassan, Westpac's head of Australian macro-forecasting, said overall sentiment got a modest boost from the clear victory of the Labor government in a national election on May 3.

  • May 12, 2025

Oil prices ease on concerns over rising supply, US-China trade deal caution

(Reuters) -Oil prices eased on Tuesday from a two-week high, weighed down by concerns about rising supplies and some caution over whether the pause in the U.S.-China trade war indicated a longer-term deal was likely. Brent crude futures dropped 11 cents, or 0.2%, to $64.85 per barrel by 0510 GMT. U.S. West Texas Intermediate (WTI) crude fell 8 cents, or 0.1%, to $61.87.

  • May 12, 2025

BOJ upbeat on wages despite US tariffs, sees scope to resume rate hikes

TOKYO (Reuters) -The Bank of Japan expects wages and prices to keep rising even as the uncertainty over U.S. tariff policy weighs on the economy, its deputy governor Shinichi Uchida said on Tuesday, signalling the bank's resolve to maintain its rate-hike stance. While U.S. tariffs are likely to hurt Japan's economic growth, the BOJ will continue to raise interest rates if the economy and prices improve after a period of stagnation, as the board projects, Uchida told parliament. The BOJ will scrutinise the economic fallout from U.S. trade policy "without pre-conception" as uncertainty surrounding the outlook was extremely high, Uchida added.

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