UK Retailers in Cost Quagmire as Inflation Worsens and Statistical Reform LoomsUK Retailers in Cost Quagmire as Inflation Worsens and Statistical Reform Looms
China - Australia Trade Recovery Drives Growth in Australian Wine and Lamb ExportsChina - Australia Trade Recovery Drives Growth in Australian Wine and Lamb Exports
Japan Considers Easing Import Car Reviews in Bid for Tariff Exemption as US-Japan Tariff Tussle EscalatesJapan Considers Easing Import Car Reviews in Bid for Tariff Exemption as US-Japan Tariff Tussle Escalates
Japanese Stocks to Be Closed on the 29th; BoJ Expected to Keep Rates Steady This Week, Pressuring Yen's Safe-Haven StatusJapanese Stocks to Be Closed on the 29th; BoJ Expected to Keep Rates Steady This Week, Pressuring Yen's Safe-Haven Status
Australia's Exports to US Surge, Reversing Trade DeficitAustralia's Exports to US Surge, Reversing Trade DeficitIn the three months to March 2025, Australia's merchandise exports to the US surged more than three - fold year - on - year to A $16.7 billion, creating a trade surplus of A $4.1 billion and reversing a deficit of A $6.2 billion in the same period last year. Driven by the hedging demand triggered by Trump's tariff policies, the export of gold has become a key driving force
Japan's Economy Faces Double Pressure: Manufacturing Contraction and Halted Central Bank Policy ShiftJapan's Economy Faces Double Pressure: Manufacturing Contraction and Halted Central Bank Policy ShiftJapan's manufacturing sector has been in a continuous slump, with the PMI remaining below the boom - bust line for 10 consecutive months. In April, it recorded 48.7, and the new orders index saw its largest decline in 14 months. Weak demand from China, the US, and Europe, along with US tariff shocks, have significantly hit core export categories such as automobiles and semiconductors.
New Zealand's Housing Loan Risks Accumulate Despite Interest Rate CutsNew Zealand's Housing Loan Risks Accumulate Despite Interest Rate CutsDespite the Reserve Bank of New Zealand initiating an interest - rate - cutting cycle in August 2024 and the continuous decline in mortgage rates, risks in the housing loan sector are steadily mounting. As of March 2025, the total amount of non - performing housing loans reached NZ$2.412 billion, an increase of NZ$249 million (11.5%) from the beginning of the year.
UK Economy Shows Mixed Signals: Ebbing Housing Policy and Pressured ManufacturingUK Economy Shows Mixed Signals: Ebbing Housing Policy and Pressured ManufacturingThe UK economy is displaying divergent signals, with the housing market and manufacturing sector showing contrasting trends. In March, mortgage lending in the UK increased by £12.963 billion, reaching a new high since June 2021. This was driven by homebuyers rushing to take advantage of the first - time buyer tax - break before it ended on April 1st. However, the housing market cooled rapidly after the policy ended.
FTSE 100 Index Records 13 - day Winning Streak, but Macroeconomic Signals are MixedFTSE 100 Index Records 13 - day Winning Streak, but Macroeconomic Signals are MixedThe FTSE 100 index has witnessed a remarkable 13 - day consecutive gain, reaching a seven - year high. On May 2nd, it edged up 0.02% to 8,229.97. However, individual stocks showed a significant divergence. Rolls - Royce saw a 1.7% increase after confirming that tariff - relief measures would safeguard its annual targets.
One in Four French Households Live in Severely Under-Occupied Homes: Insee StudyOne in Four French Households Live in Severely Under-Occupied Homes: Insee StudyA study released by France’s National Institute of Statistics and Economic Studies (l'Insee) on Tuesday, July 8, reveals that a quarter of French households reside in severely under-occupied homes—defined as having at least three more rooms than actually needed. This phenomenon affects 7.6 million primary residences, 93% of which are single-family houses, with three-quarters of these under-occupied homes exceeding 100 square meters in size.
Canadian Stocks Reach New Monthly High, Led by Industrials and Energy Sectors with Tariff Concerns LurkingCanadian Stocks Reach New Monthly High, Led by Industrials and Energy Sectors with Tariff Concerns LurkingOn May 2nd, the S&P/TSX Composite Index in Canada rose 1% to 25,031.51, hitting a one - month high with a weekly gain of 1.3%. The market was boosted by the better - than - expected US employment data, which alleviated recession concerns. Coupled with the easing of trade tensions between China and the US, risk appetite recovered
Japan's Economy Shrinks in Q1 as US Tariffs Hit Auto IndustryJapan's Economy Shrinks in Q1 as US Tariffs Hit Auto IndustryJapan's economy is expected to have shrunk by 0.2% on an annualized basis in the first quarter, the first negative growth in a year, according to a Reuters poll. The main reasons are weak domestic demand and imports growing faster than exports. Private consumption increased only slightly by 0.1%, as rising food prices curbed spending. Capital expenditure rose by 0.8%, but net exports dragged down GDP by 0.6%.
UK Stocks Surge with Record - Long Rally, Led by Energy and Finance SectorsUK Stocks Surge with Record - Long Rally, Led by Energy and Finance SectorsThe UK's FTSE 100 index climbed 1.2% on May 2nd, registering its 15th consecutive daily gain and setting a new record for the longest streak of rises in its history. It is now just 3% below its March peak. Global trade tensions have eased, with signs of the US and China reopening negotiations on tariffs, and better - than - expected corporate earnings have boosted market sentiment and risk appetite.
Australian Consumer Spending Shows Signs of Moderate Recovery, Rate - Cut Expectations StrengthenedAustralian Consumer Spending Shows Signs of Moderate Recovery, Rate - Cut Expectations StrengthenedAustralia's retail sales in March increased by 0.3% month - on - month and 4.3% year - on - year, expanding for the third consecutive month, indicating the resilience of household consumption. Food retail led the growth with a 0.7% increase, mainly due to the fact that families in Queensland stocked up on necessities in response to Hurricane Alfred, which significantly drove up the transaction volume of this category. However, catering services and department store sales declined by 0.5%, reflecting that non - essential spending is still restrained. There is obvious regional differentiation.
France and Spain Face Hurdles in Economic Policy Adjustment: Fiscal Austerity and Military Spending PressureFrance and Spain Face Hurdles in Economic Policy Adjustment: Fiscal Austerity and Military Spending PressureIn France, on May 3rd, Prime Minister Bérut stated that in order to defuse the social backlash caused by large - scale fiscal austerity, he is considering holding a referendum on the national budget, claiming that debt reduction is crucial for the "future of the country" and requires a decision from the entire population.
Canada's Housing Demand Suppressed by Economic Recession FearsCanada's Housing Demand Suppressed by Economic Recession FearsCanada's housing market is facing a significant downturn as economic recession concerns weigh on potential homebuyers. A recent BMO survey reveals that 73% of would - be purchasers are adopting a wait - and - see attitude due to fears of an economic slump, a 13 - percentage - point increase compared to March.
Canadian Stocks Retreat Slightly Amid Oil Price Decline and Service Sector WoesCanadian Stocks Retreat Slightly Amid Oil Price Decline and Service Sector WoesOn May 5, the Canadian stock market experienced a slight pullback. The S&P/TSX composite index on the Toronto Stock Exchange dropped 27.99 points, or approximately 0.3%, closing at 24,953.52, bringing an end to the previous day's upward trend.
Japan Clarifies on US Debt and Participates in 10+3 Finance MeetingJapan Clarifies on US Debt and Participates in 10+3 Finance MeetingOn May 5th, Japanese Finance Minister Katsunobu Kato clarified in Milan, Italy, that Japan will not use the sale of its $1.3 trillion in US Treasuries as a bargaining chip in US trade negotiations, retracting his previous controversial remarks.
UK Markets Await Central Bank Decisions Amid Holiday LullUK Markets Await Central Bank Decisions Amid Holiday LullOn May 5, the UK stock market was closed due to a holiday. On Monday, the pound rose against the weakening US dollar. With the UK public holiday causing a lull in market news, all eyes are on the upcoming Bank of England's monetary policy decision later this week. There are no major domestic events before Thursday's Bank of England meeting.
ANZ Bank Cuts Australia's Economic Growth Forecast, Banks Face Key TestsANZ Bank Cuts Australia's Economic Growth Forecast, Banks Face Key TestsOn May 5, the ANZ Bank lowered its economic growth forecast for Australia in 2025 to 2.0%. The main reasons are the slowdown in global demand and geopolitical risks weighing on exports. With the growth rate of CPI in the first quarter falling, the market expects that the Reserve Bank of Australia (RBA) may cut interest rates by 25 basis points ahead of schedule this month,