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China's Finance Ministry said on Friday that the current world economic growth momentum was insufficient, with tariff and trade wars further impacting economic and financial stability, per Reuters. He called on all parties to further improve the international economic and financial system by strengt

On the radar March retail sales in Poland arrived at -0.3% y/y. Today, unemployment data will be released in Poland. There are no other releases scheduled. Economic developments Earlier this week, Eurostat published government finance statistics for EU member countries in 2024. These statistics incl

On the radarIn Poland, March industrial production increased by 2.5% y/y, wages by 7.7% y/y and PPI declined by 1.1% y/y.Gross nominal wages rose by 14.9% y/y in February in Croatia, while unemployment in March was at 5.1%.Today at 10 am, Poland will publish retail sales data.Economic developments Y

President Donald Trump's public criticism of Fed Chair Jerome Powell has fueled concern that he will try to fire the central bank chief, but even that historic and legally questionable move may not be enough for Trump to bend monetary policy in his preferred direction. Even firing Powell won't neces

The Japanese yen has rallied for a third straight day. In the European session, USD/JPY is trading at 140.38, down 0.33% on the day. The yen has climbed 1.3% since Thursday, as the US dollar is under pressure against the major currencies. BoJ Core CPI remains at 2.2% BoJ Core CPI, a key inflation in

Macro data released last week showed the government policy support has been generating positive impact on the economy. China’s Q1 GDP delivered a strong growth of 5.4%yoy, above market expectations of 5.2%yoy. Meanwhile, overall March’s monthly macro data pointed to a growth acceleration from prior

Markets US stocks got absolutely smoked Wednesday as Fed Chair Jerome Powell stepped up and delivered… an airball. Traders looking for even a whiff of a dovish pivot got nothing but rim. The Dow dumped 700 points (-1.73%), the S&P 500 sank 2.24%, and the Nasdaq faceplanted with a 3.07% dive — al

Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible. Trump delays several tariffs, but continues to hit China Wit

Gold rallied from a three-week low to start today’s session as President Trump added a further 50% tariff on imports from China. This comes after Beijing retaliated with a 34% levy of its own, following last week’s move by the Trump administration. Following the latest percentage increase, total tar

UD Dollar (USD) has gathered downward momentum vs Japanese Yen (JPY), but it might not be able to break below 145.00. In the longer run, oversold weakness has not stabilized; there is a chance for USD to drop below 145.00 again before the risk of another rebound increases, UOB Group’s FX analysts Qu

The sharp rally in the euro last week was somewhat counterintuitive. While the EU was spared from the worst of the tariffs (Asia very much bore the brunt), the 20% levy imposed on the bloc is both very significant and far above expectations. The big fear for markets will be that the tariffs could ti

Following Friday's 3% slump in Gold price on Comex, Gold price in India remains on the losing end early Monday. The Gold price retreat from record highs extends amid a wider market sell-off as traders cover their losses and margin calls on other assets by liquidating their positions in the bullion.