Latest Finance-Economy News
Trump Signals End to Iran War, Oil Prices Slide
President Trump discussed ending the Iran conflict with Putin after market panic, promising to suspend oil sanctions and provide tanker escorts. Oil prices declined as markets relieved, boosting global equities. Treasurys snapped a five-day decline amid optimism.
Asian Markets Surge with KOSPI Up Over 5%
South Korea's KOSPI led gains over 5%, driven by Samsung Electronics and SK Hynix in double digits after 25% valuation drop since January. Taiwan and other indices rose 2% from correction territory amid volatility. Optimism builds in chip stocks.
China Joins Regional Relief Rally, CSI 300 Up 0.8%
China's CSI 300 climbed 0.8% as markets bounced back across Asia, with airlines like Cathay Pacific up 5%. Gold recovered somewhat despite not acting as full haven. Relief tied to Iran de-escalation news flow.
RBC Forecasts Core Inflation to 3.5% Mid-2026
RBC Chief Economist predicts core inflation rising to 3.5% by mid-2026, outside comfort zones, amid disinflation threats and currency turmoil. Calls for Fed hikes as U.S. inflation exceeds target. Stagflation positioning may unwind rapidly.
BNP Paribas Sees ECB Hikes Priced In
BNP Paribas notes market pricing ECB hikes due to long positioning in euro front-end and inflation risks disanchoring expectations. Greater risk central banks act amid volatility. U.S. economy reacting to above-target inflation.
Canada Announces Major Workforce Development Investment
Government invests in key sectors like construction, manufacturing, tourism, forestry to strengthen workforce amid global shifts and U.S. tariffs. Targets 66.2% of GDP, 9.9M workers; supports reskilling for 50,000. Enhances labor market info for strategies.
Oil Surges Beyond $100 on Middle East Tensions
Oil prices exceeded $100/barrel as conflict intensified, though Trump's signals later eased them; drivers in China rushed to fill tanks pre-hike. JPY weakened amid reassessment of rate paths and softer data.
RBC 2026 Outlook: S&P 500 Target 7,750
RBC sets 12-month S&P 500 target at 7,750, monitoring economic shifts, diversification, midterms. Lower energy key for Trump's reindustrialization and AI goals. Real estate subsectors promising due to demographics, supply.
Signal49 U.S. Five-Year Outlook Assumes 15% Tariffs
Forecast under 15% effective U.S. tariff rate through 2026 amid trade battles; longer war worse, none better. Tracks labor, consumer, energy, housing impacts from Trump policies like One Big Beautiful Bill Act.
Key Economic Data Releases Today
Trading Economics calendar highlights China trade balance $114.1B expected, U.S. trade balance -$95B, Brazil inflation 0.33%, India metrics, Turkey rates at 40%. Covers inflation, GDP, labor globally.
RBC Warns Canada Faces Lower Growth, Possible Hikes
Canada confronts trade, fiscal, immigration shifts leading to slower growth but not more cuts; hikes possible in 2026. German budget expansion to drive euro area growth.
Global Power Demand Reshapes 2026 Infrastructure Investments
Datacenters surge power demand, altering opportunities in utilities, midstream, renewables. EY megatrends highlight labor scarcity, migration as economic infrastructure, trust economy.