Year: 2025

More office space is now being removed than is being added. That should help the recovery in a real estate sector that was crushed by the pandemic.

Shares of online sports betting platforms struggled in Monday’s session.

BoJ Governor Kazuo Ueda told parliament today that recently imposed U.S. tariffs could weigh on Japanese corporate sentiment, potentially impacting winter bonus payments and next year’s wage negotiations. He acknowledged that wage growth may “slow somewhat” in the near term due to these external pressures. However, Ueda expressed confidence that wage momentum would eventually “re-accelerate”, […]

The post BoJ’s Ueda: Ready to hike if wage growth recovers from tariff drag appeared first on Action Forex.

Trump’s tariffs are still the main thing that is keeping markets on edge as we get into June trading. Wall Street managed a modest recovery yesterday, led by tech shares. But even so, there’s still a lot of uncertainty up in the air on the trade front at the moment. Let’s try and take stock of what is happening as we look to the days ahead.

• The US federal court moved to temporarily reinstate reciprocal tariffs on Friday
• That follows from Trump’s appeal, so the ruling by the trade court is paused in the meantime
• However, the plaintiffs are ordered to respond by 5 June and the administration by 9 June
• Trump has now called for a longer pause amid ongoing trade negotiations
• And he has also warned countries to make their “best offers” by 4 June
• As much as Trump’s aides have talked about closing trade deals, we’re still yet to see any until now
• The supposed “easier” negotiations with Japan and India continue to run into roadblocks
• There is now just 36 days to go for trade deals to be struck
• And despite a “truce” period with China now, it doesn’t seem like talks are going anywhere
• US claims that Trump and Xi will “likely” speak this week but China remains silent on the matter

On that final point, go figure. When it comes to analysing Trump and the narrative he wants to sell, always remember that there are two sides to the coin.

It feels like we’re running in circles and maybe oblongs over the past 54 days since we began this 90-day negotiation period. The question now is, will Trump extend that as we get no closer to any trade deals? Or will he even have the power to do so as the courts are still doing battle on legitimising his tariffs? And what about China? As talks go nowhere, will Trump lose his patience and snap on China with higher tariffs?

Plenty of questions. Not much answers. That pretty much sums things up.

And in the case of the US dollar, that’s not a good sign of confidence for a currency that is already lacking in that department amid the ongoing policy incoherence and uncertainty.

This article was written by Justin Low at www.forexlive.com.

China’s manufacturing sector unexpectedly shrank in May, with Caixin PMI falling to 48.3 from 50.4, well below market expectations of 50.6. This marked the first contraction in eight months and the lowest reading since September 2022. According to Caixin Insight’s Wang Zhe, both supply and demand weakened, with a particularly notable drag from overseas demand. […]

The post Caixin PMI manufacturing drops to 48.3, as China faces marked weakening at start of Q2 appeared first on Action Forex.

RBA’s May 20 meeting minutes revealed that policymakers weighed three policy options—holding rates, a 25bps cut, or a larger 50bps reduction—before ultimately opting for a modest 25bps cut to 3.85%. The case for easing hinged on three key factors: sustained progress in bringing inflation back toward target without upside surprises, weakening global conditions and household […]

The post RBA Minutes: 25bps cut chosen for caution and predictability after debating hold and 50bps options appeared first on Action Forex.

Chicago Fed President Austan Goolsbee said in a webcast overnight that tariffs typically lead to a one-time price increase rather than sustained inflation. Drawing on textbook theory, he said a 10% tariff would create a 10% rise in prices for imported goods for “one year”, after which the inflationary effect dissipates. Such shocks are usually […]

The post Fed’s Goolsbee warns against repeating ‘transitory’ mistake on tariff inflation appeared first on Action Forex.

Uber said Monday that Pierre-Dimitri Gore-Coty, the company’s senior vice president of delivery, is stepping down from his position.

But the 90-day tariff pause agreed by China and the U.S. in Geneva in May is now under threat as both sides have accused each other of breaching the terms.