Live Updates

16 May 2025
The leaders of Canada and Mexico aim to reinforce their economies to better withstand future disruptions

Carney and Sheinbaum emphasized strengthening economic resilience, reflecting on trade disruptions and reinforcing the USMCA framework.

16 May 2025
Japan’s Economy Minister Akazawa stated the government will persist in seeking a review of US tariffs

Japan seeks US tariff review, offers business support, while Yen strengthens from policy shifts and safe haven demand.

16 May 2025
A Reuters poll indicates RBA may reduce cash rate to 3.85%, with further cuts anticipated

Most economists expect RBA to cut rates, with forecasts seeing further reductions through 2025 amid economic softness.

16 May 2025
The annualised GDP for Japan decreased by 0.7%, falling short of the predicted 0.2%

Japan’s GDP shrinks, AUD/USD rises, USD/JPY rebounds, gold stalls, crypto dips, UK data sparks debate.

16 May 2025
The Trump administration is divided over the timing for blacklisting Chinese chipmakers due to trade negotiations

Trump administration plans to blacklist Chinese chipmakers, raising concerns about impact on delicate trade negotiations.

16 May 2025
In April, New Zealand’s Business NZ PMI increased from 53.2 to 53.9

New Zealand’s PMI rises; currencies fluctuate amid economic shifts; gold, crypto, and UK growth draw market focus.

16 May 2025
April’s PMI for New Zealand’s manufacturing sector rose to 53.9, indicating ongoing growth and recovery

New Zealand’s manufacturing PMI rose to 53.9 in April, marking continued recovery and sustained expansion trends.

16 May 2025
A series of investment agreements in AI and energy with the UAE were announced by the White House

Trump administration touts $200B in UAE deals, but details remain vague; includes AI, aerospace, and aluminium projects.

16 May 2025
Australia’s Trade Minister expresses reluctance to join the US in a trade conflict with China

Australia prioritizes its economic ties with China over a US-led trade stance, says Minister Farrell.

16 May 2025
Following weak US data, geopolitical tensions, and declining yields, gold prices surged significantly upwards

Gold surged to $3,228 after weak US data, falling yields, and geopolitical tensions boosted safe-haven demand.

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