Bloomberg reports: Iran is considering a short-term pause to shipments through the Strait of Hormuz to avoid testing a US blockade and scuppering a fresh round of peace talks They cited a…
Prior was 3.4% y/y PPI M/M +0.5% vs +1.1% expected Prior +0.7% (revised to +0.5%) Core PPI Core PPI Y/Y +3.8% vs +4.2% expected Prior +3.9% (revised to 3.8%) Core PPI M/M…
US March NFIB small business optimism index 95.8 vs 97.9 expected A tricky time for the oil market as the “smart money” has moved on Investors surveyed in early April were most…
Prior 98.8 Full report here The NFIB Small Business Optimism Index fell 3.0 points in March to 95.8, leaving it below its 52-year average of 98.0. The last time the Optimism Index…
Net 36% of investors expect weaker global economy, shifting from net 7% expecting growth Global equity allocation drops to net 13% overweight from 37% in February 58% of investors expect Fed to…
The report is from earlier today with it noting that there were three tankers that entered the Gulf via the Strait of Hormuz on the first day of the US naval blockade.…
Prior +2.3% HICP +3.4% vs +3.3% y/y prelim Prior +2.5% Core annual inflation is seen at 2.9% and that is a step up from the 2.7% reading in February. As higher energy…
This is mostly a repeat to what we’ve heard from earlier in the day, that both sides are eyeing talks on Thursday in Islamabad. But as the echo chamber gets louder, we’re…
China exports miss sharply as imports surge, narrowing trade surplus. Summary: Exports +2.5% y/y (vs +8.6% expected) Imports +27.8% y/y (vs +11.2% expected) Trade surplus $51.1bn (vs $108.2bn expected) Yuan exports stronger…
US Treasury’s Bessent backs “wait and see” on rates China exports miss, imports surge as trade surplus shrinks sharply Some China trade data dribbling out. Q1 trade data shows imports surge, exports…
China’s yuan-denominated imports rose 19.6% year-on-year in the first quarter, while exports increased 11.9%, according to customs data. Total trade (imports + exports) exceeded CNY 11 trillion for the first time on…
Australian business confidence collapses as energy shock crushes outlook. Earlier: RBA’s Hauser warns of stagflation risk as energy shock hits economy. says not sure interest rates are at the right level to…
