News

Airbus and Boeing have been competing head to head for decades as the world’s largest commercial airplane makers, but Airbus is pulling ahead.

Musk, the Tesla and SpaceX CEO who spend over $250 million backing Trump’s presidential bid, led the president’s DOGE group until last week.

The White House confirmed today that it sent a letter asking nations to submit their
best trade offers by Wednesday.

The progress around trade deals since ‘Liberation Day’ has been painstaking and now we wait to see what the Trump administration is planning.

Reuters obtained the letter, which asked countries for their best offers on tariffs, quotas for purchases
of US products, and plans to kill other non-tariff barriers.

I wouldn’t assume that we will see immediate retaliation or action from the White House. The NY Post reported that the letter was meant as a progress check on trade partners, not
necessarily a request for a final offer, citing an official close to the matter.

Update: The White House says Trump-Xi call will be held ‘very soon’

That’s a great sign and something that the market has been front-running today after the comments from diplomats.

This article was written by Adam Button at www.forexlive.com.

Bloomberg reports that “Constellation Energy Corp. ($CEG) agreed to sell power from an operating Illinois nuclear plant to Meta Platforms Inc. ($META) This deal could spur constraction of a new reactor at the site as artificial intelligence sends power demand soaring.”

This positive trend for nuclear power has been going on since 2022 when the Russia-Ukraine war and the AI boom later triggered a rush for this zero-emission clean energy source.

The stock of Constellation Energy Corp. ($CEG) is up 11% in pre-market trading.

Click here for the full article

This article was written by Giuseppe Dellamotta at www.forexlive.com.

• Business surveys are probably better guide to UK outlook than recent GDP data.

GDP is always a very lagging indicator.

• Pattern from forward-looking surveys is not as strong for outlook as latest GDP.
• Official data showing negative productivity growth in the UK last year is a puzzle, as it is usually associated with severe recession.
• Still a very severe health warning on quality of official labour force survey data.
• How QT feeds along the yield curve is important.
• Long end of the yield curve is less important for monetary transmission than the short end.
• Large steepening of yield curve is not due to QT, but will need to consider how QT interacts with this.

When the yield curve steepens and goes positive, it’s generally a sign that monetary policy is not restrictive anymore.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy, continuing the wave of tech giants teaming up with the industry.

Cook expressed concern Tuesday with the progress on inflation, saying recent lower readings could reverse.

Goolsbee doesn’t have pre-released text for his speech, so I’ll update as we go if there is anything. He’s talking about the inflatino impact of tariffs in these comments.

• Could see direct effect of tariffs on prices within a month
• Slowdown related to tariffs might not show up for a while in the data

This article was written by Adam Button at www.forexlive.com.

• Says she is committed to keeping longer-term inflation expectations in check
• She will balance Fed goals as part of mon pol deliberations
• Says she anticipates economic growth will slow this year
• Sees evidence that trade policy is now affecting the economy
• Trade policy may make it harder to get inflation lower

There is a slight dovish tilt here.

This article was written by Adam Button at www.forexlive.com.

Trump’s reaction to Paul shows him pressuring Republican holdouts to back the “big beautiful bill” that covers much of the president’s domestic policy agenda.