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Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
The accelerating regional manufacturing growth comes against the backdrop of a surge in inflationary pressure, stoked by the oil shock triggered by the U.S.-Iran conflict.
Rising China-Taiwan tensions threaten global markets as Taiwan dominates advanced semiconductor manufacturing; With AI-driven stocks fueling record equity rallies, any disruption could severely impact technology supply chains.
S&P 500 and Dow futures point higher in early trade; oil volatile on Hormuz risk while gold eases and the dollar flat ahead of the 8:30 a.m. retail sales print.
Chip-led rally loses steam, dollar firms against the yen and gold dips below $4,700 with Iran ceasefire on 'life support.'
The private service-providing sector added 113,000 jobs, thanks to robust gains in healthcare and social assistance (+53,900), transportation and warehousing (+30,300) and retail trade (+21,800).
A strong payrolls report could provide leeway for the Fed to raise rates if the U.S-Iran-war induced pricing pressure worsens the inflation outlook.
U.S. services activity expanded in April but missed forecasts, while job openings held steady in March and hiring rose, signaling a cooling yet resilient labor market amid geopolitical uncertainty.
The U.S. trade deficit widened to $60.3 billion in March as imports outpaced record exports even as the world is navigating through an ongoing geopolitical crisis.
Germany’s producer prices rose on a monthly basis driven by surging energy costs, while annual decline narrowed, with heating oil leading gains.
Strong early-year expansion, led by services, masks underlying fragility as rising inflation, trade imbalances, and weakening business conditions are expected to slow momentum and limit prospects for policy tightening in the U.K.
Germany’s wholesale inflation surged on energy and metals costs, complicating ECB policy outlook, with markets pricing fewer rate hikes despite persistent price pressures.
Mixed labor signals and steady hiring trends, alongside geopolitical risks and inflation uncertainty, are likely to keep the Federal Reserve cautious and delay potential interest rate cuts.