Australian Dollar strengthens as US economy slows; Australia’s GDP, Retail Sales rise, while consumer confidence declines. Trade dynamics crucial.
Australia’s Services PMI fell, Composite PMI declined, manufacturing PMI rose, business confidence stayed high, and inflation eased.
China plans to enhance fiscal spending, address external pressures, boost economic recovery, and improve its fiscal structure.
China plans increased fiscal spending in 2025 amid external challenges, weak demand, and trade uncertainty, ensuring stability.
The API survey provides private oil storage data, while the EIA report offers detailed, comprehensive industry statistics tomorrow.
DXY drops below 106.00 as tariffs spark trade tensions; market volatility rises amid stagflation concerns and technical weakness.
US stocks fell late, erasing earlier recovery. Dow dropped most, while Google gained despite broader declines.
Trump to impose reciprocal tariffs on Canada, escalating trade tensions and economic challenges early in his second term.
Kevin Hassett links the fentanyl crisis to border issues, urging Canada and Mexico to address drug challenges urgently.
The US Dollar declined as tariffs were announced, economic data weakened, and markets shifted towards safe-haven assets.
