Latest Finance-Economy News
US Treasury Announces Higher-Than-Expected Borrowing Needs
The Treasury Department revealed it must issue more debt than anticipated this quarter due to weaker incoming cash flows. This refunding announcement came at 12:30 PM UTC.
Global Stocks Diverge as Oil Prices Rise on US-Iran Clashes
Stock markets showed mixed performance while oil prices increased following fresh US-Iran clashes in the Strait of Hormuz, dampening Middle East peace hopes. The escalation jolted investor sentiment.
US Dollar Slides Despite Strong Jobs Data
The USD weakened after robust headline jobs figures were offset by softer wage growth, reducing inflation fears. This eased pressure on Fed rate hike expectations.
Brazil S&P Global Services PMI Beats Expectations
Brazil's Services PMI came in at 52.3, surpassing consensus of 50.1 and previous 49, signaling expansion in the sector. Released at 01:00 PM UTC.
Brazil Composite PMI Shows Expansion
S&P Global Composite PMI for Brazil reached 52.4, above forecast 49.9 and prior 50.1, indicating broader economic improvement. Data released at 01:00 PM.
Japan Monetary Base Contracts Sharply YoY
Japan's Monetary Base fell -11.3% year-over-year, better than consensus -11.6% but worse than prior -10.5%. Minutes from BoJ policy meeting also out at 11:50 PM.
Saudi Arabia Industrial Production Rebounds Strongly
SA Industrial Production surged 8.9% YoY, a sharp recovery from previous -7.7%. Released at 06:00 AM UTC on Sunday.
ECB Cipollone to Speak at 09:30 AM
European Central Bank official Cipollone is scheduled to deliver a speech at 09:30 AM UTC, potentially addressing monetary policy amid global tensions.
Japan Overtime Pay Growth Slows
Japan's Overtime Pay rose 3.3% YoY, missing consensus 3.5%. This follows prior 3.4%, amid labor market data releases late Friday.
China Vehicle Sales Decline YoY
China's Vehicle Sales dropped -0.6% year-over-year, highlighting ongoing demand weakness in the auto sector. Data noted for Monday release context.
Germany New Car Registrations Surge
German New Car Registrations jumped 16% YoY, exceeding expectations of 7.5%. This boosts Eurozone auto sector outlook.