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Japanese stocks jump, dollar firms on trade hopes; bitcoin soars
Japanese stocks jumped on Friday, supported by the dollar's surge against the yen, after a U.S. trade deal with Britain fuelled hopes of progress in tariff talks with other countries. Bitcoin soared to the highest since January and U.S. crude ticked up after a more than 3% surge on Thursday, when President Donald Trump announced the agreement with British Prime Minister Keir Starmer - the first in the month since Trump started a 90-day pause on trade tariffs to allow room for negotiations. At the same time, concerns that the limited trade agreement with London may not provide much of a blueprint for additional deals ... (full story)
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May 9, 2025 1:04am
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From cftc.gov | 11 min ago
The Commodity Futures Trading Commission today issued a final order sunsetting the routine position-reporting requirements of Part 20, the large trader reporting rules for physical commodity swaps. Under the order, clearing organizations, clearing members, and swap dealers will no longer be required to file the daily and event-based position reports ...
From economics.bmo.com | 1 hr 22 min ago
A weaker-than-expected 4.3% y/y rise in Q2 real GDP has led to a chorus of calls by China-watchers for stepped-up economic stimulus. Such advice is driven by two inter-related developments: (1) the extended slump in domestic demand, both consumer spending and private investment; and (2) growth now running below the government’s 2026 target range of ...
From ftportfolios.com | 4 hr ago
Industrial production continued to grow at a slower pace in June, posting a modest 0.1% gain. Looking at the details, the largest positive contributions came from mining and utilities, which both rose 0.4%. Gains in mining output were driven by both oil and gas extraction and drilling activity, which more than offset a decline in other mineral extraction. ...
