Japan exports rise 7.3% year/year in March

Insider Monkey
5 Most Powerful Countries in the World by Economy
In this article, we will look at the 5 Most Powerful Countries in the World by Economy. Global Economic Outlook The United States of America, China, and Germany are some of the most powerful countries in the world by economy. Factors including strong GDP growth, low inflation rates, increased employment opportunities, and strong investment determine a country’s economic power. […]
FX Empire
AUD/USD Forecast – Aussie Continues to Pressure The Upside
The Aussie continues to pressure the upside overall at this point, but still has to deal with a major resistance barrier just above current trading levels. I suspect we are going to finally see some conclusion soon.
INSIDER
Russia's defense ministry is now helmed by an economist, showing Putin's 'nerds' are performing better than his 'jocks': analyst
Russia's economic resilience is outshining its performance on the battlefields, per Eurasia Group's GZERO Media.
FX Empire
AUD/USD Forecast – Aussie Dollar Threatens a Major Breakout
The Australian dollar is currently at the top of a major trading range, threatening a massive breakout. This currency could be a bit of an outlier against the greenback, as it is so heavily influenced by commodities, which of course are doing quite well these days.
Reuters
G7 to discuss global trade risks after US tariffs on China
ROME (Reuters) -The Group of Seven (G7) major democracies meeting in Italy next week will discuss the risk of fragmentation in global trade after "very tough" tariffs imposed by the United States against China, Italian Economy Minister Giancarlo Giorgetti said. U.S. President Joe Biden unveiled this week a bundle of steep tariff increases on an array of Chinese imports including electric vehicle (EV) batteries, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks. The meeting on May 24-25 among the G7 finance ministers in the northern Italian town of Stresa will reflect on the "fragmentation of global trade, with the latest moves by the American government which has shown its cards with very tough measures against China", Giorgetti said.
Bloomberg
Malaysia’s Anwar says to cut fuel subsidy at the ‘right time'
Malaysian Prime Minister Anwar Ibrahim reiterated the need to cut wasteful spending, including reducing excess subsidies to trim government debt levels, while stopping short of committing a timeline to do away with fuel concessions.
Reuters
UPDATE 3-US Fed's Powell expects inflation to fall, though not as confident as before
Federal Reserve Chair Jerome Powell on Tuesday gave a bullish assessment of where the U.S. economy stands now, with an outlook for continued above-trend growth and confidence in falling inflation that, while eroded by recent data, remains largely intact. "I expect that inflation will move back down ... on a monthly basis to levels that were more like the lower readings that we were having last year," Powell said at a banking event in Amsterdam. Though he said "my confidence in that is not as high as it was," given faster than expected inflation through the first three months of the year, the U.S. central bank chief said it remained unlikely in his view that the Fed would have to raise rates any further, even if the prospect for rate cuts has become less certain.
Reuters
FOREX-Dollar edges higher ahead of US inflation data, weakening yen in focus
The dollar edged higher on Tuesday as traders awaited U.S. inflation data, while the yen hovered near a two-week low, stoking intervention worries. The sterling fell sharply after Bank of England Chief Economist Huw Pill said it was not unreasonable to believe that over summer there might be enough confidence to consider rate cuts.
Reuters
German economic advisers cut 2024 growth forecast to 0.2%
The panel expects 0.2% gross domestic product growth this year, cutting its autumn forecast of 0.7% growth, their forecast showed on Wednesday, as reported by Reuters on Tuesday. The German economy is expected to gain some momentum over the course of the year, with inflation expected to fall and nominal wages forecast to rise. For 2025, the economic experts forecast 0.9% growth, the report showed.
The Independent
Interest rate cut hopes dented by strong wage growth
The ONS figures also revealed that Britain’s unemployment rate has risen to its highest level for nearly a year
Yahoo Finance Video
These two factors will bring inflation to 2%: Economist
Ahead of the highly anticipated Consumer Price Index (CPI) report scheduled for release on Wednesday, PNC Financial Services Group Chief Economist Gus Faucher joins Market Domination Overtime to discuss the potential implications of future Federal Reserve rate cuts. Faucher anticipates a slowdown in the year-over-year CPI report, which he considers "good news from the Fed's perspective." However, he expects the Federal Reserve to maintain a cautious stance and keep interest rates on hold until it can observe "more definitive proof that inflation is really slowing." Faucher outlines two critical factors that need to materialize for the Fed to achieve its inflation target: "slower growth in housing costs," which has not yet been reflected in the shelter component of inflation data. And second, weaker wage growth is necessary, as these two elements combined can guide markets "back to that 2% objective." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Reuters
German final inflation confirmed at 2.4% in April
German inflation inched up in April to 2.4%, the federal statistics office said on Tuesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen by 2.3% year-on-year in March, the lowest rate in almost three years. "Energy and food prices, in particular, have had a dampening effect on the inflation rate since January 2024," said Ruth Brand, president of the federal statistics office.
The Guardian
Intensifying war increasing threat to Ukraine economy, EBRD warns
European Bank for Reconstruction and Development cuts growth forecasts for regions it operates in, saying war ‘casting long shadow’
Fortune
Why experts aren’t panicking about the latest jump in producer price inflation
Downward revisions to March’s inflation data indicate the latest producer price index isn’t as bad as it seems.
Reuters
China c.bank seen keeping lending rate on hold, yuan constrains easing
China's central bank is widely expected to leave a key policy rate unchanged when rolling over maturing medium-term loans on Wednesday, a Reuters survey showed. In a Reuters poll of 32 market watchers conducted this week, 27, or 84%, of all respondents expected the People's Bank of China (PBOC) to leave the interest rate on the one-year medium-term lending facility (MLF) loans unchanged at 2.50% from the previous operation. And the remaining five market participants projected a marginal interest rate reduction.
Reuters
Utility price hikes in parts of China hand another blow to households
Utility price hikes in more than 10 Chinese cities may briefly lift nationwide inflation from ultra-low levels, but could ultimately turn into a deflationary force in the world's no. 2 economy as they further erode the households' spending power, analysts say. Many economists have said boosting household demand is crucial for China to avoid a Japan-like prolonged period of meagre growth and deflation in the long run, calling for policies that transfer economic resources to consumers. The large tech and manufacturing hubs of Shenzhen and Guangzhou, and other cities in China, have in recent months increased or flagged plans to raise water or gas prices.
Reuters
CORRECTED-FOREX-Dollar slips after unexpected rise in US producer prices
The dollar edged lower on Tuesday following an unexpected increase in U.S. producer prices in April amid strong gains in the costs of goods and services, indicating inflation remained stubbornly high early in the second quarter. The report from the Labor Department also showed wholesale goods prices rising solidly last month, though the cost of food declined. Traders trimmed their expectations for the Federal Reserve to cut interest rates in September after the report.
AFP News
Global stocks tread water ahead of US inflation data
Global markets were in cautious mode Monday with Wall Street marking time while major European stock markets put the brake on following a record run last week as investors wait on key US inflation data.World markets rallied last week on optimism that the US Federal Reserve, the European Central Bank and the Bank of England will soon cut borrowing costs after raising them in efforts to contain soaring prices.
Reuters
BOJ may reduce bond buying in June, hike rates in Sept, says ex-c.bank executive
The Bank of Japan (BOJ) may decide to reduce the size of scheduled bond buying next month to resuscitate a bond market left largely dysfunctional by its continued huge purchases, former central bank executive Kazuo Momma told Reuters. But the BOJ is likely to wait at least until September in raising interest rates to scrutinise whether wages, consumption and service-sector prices rise enough to keep inflation durably around its 2% target, Momma said in an interview on Tuesday.
Benzinga
US Consumers Brace For Higher Inflation, Home Price Surge: New York Fed Survey
The latest Survey of Consumer Expectations (SCE) from the Federal Reserve Bank of New York shows American consumers are bracing for increased inflation and the fastest home price growth in nearly two years, alongside an evolving outlook on the labor market and taxes. Key Findings From New York Fed’s SCE April 2024 Survey Inflation Trends: Short-Term Inflation Expectations: Median inflation expectations have risen from 3.0% to 3.3% over a one-year horizon. That’s still below the 12-month trailing

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Japan exports rise 7.3% year/year in March

Latest stories

5 Most Powerful Countries in the World by Economy

AUD/USD Forecast – Aussie Continues to Pressure The Upside

Russia's defense ministry is now helmed by an economist, showing Putin's 'nerds' are performing better than his 'jocks': analyst

AUD/USD Forecast – Aussie Dollar Threatens a Major Breakout

G7 to discuss global trade risks after US tariffs on China

Malaysia’s Anwar says to cut fuel subsidy at the ‘right time'

UPDATE 3-US Fed's Powell expects inflation to fall, though not as confident as before

FOREX-Dollar edges higher ahead of US inflation data, weakening yen in focus

German economic advisers cut 2024 growth forecast to 0.2%

Interest rate cut hopes dented by strong wage growth

These two factors will bring inflation to 2%: Economist

German final inflation confirmed at 2.4% in April

Intensifying war increasing threat to Ukraine economy, EBRD warns

Why experts aren’t panicking about the latest jump in producer price inflation

China c.bank seen keeping lending rate on hold, yuan constrains easing

Utility price hikes in parts of China hand another blow to households

CORRECTED-FOREX-Dollar slips after unexpected rise in US producer prices

Global stocks tread water ahead of US inflation data

BOJ may reduce bond buying in June, hike rates in Sept, says ex-c.bank executive

US Consumers Brace For Higher Inflation, Home Price Surge: New York Fed Survey