China's JD.com (JD) topped market estimates for quarterly revenue on Tuesday, in a sign the e-commerce giant saw steady demand even as U.S. tariffs and prolonged economic weakness weighed on consumer sentiment. The company reported total revenue of 301.08 billion yuan for the quarter ended March 31, up 15.8% from a year earlier.
-Asian equities are attracting foreign investments so far in May, marking a sharp reversal from outflows in the first four months of the year, as optimism over progress in trade talks has eased fears of U.S. tariffs fuelling a global economic slowdown.
Asian equities are attracting foreign investments so far in May, marking a sharp reversal from outflows in the first four months of the year, as optimism over progress in trade talks has eased fears of U.S. tariffs fuelling a global economic slowdown.
Uncertainty in the global economy is likely to persist even if a global trade war proves short-lived, European Central Bank governing council member Gabriel Makhlouf said in a speech on Tuesday. "Even if a full-blown trade war turns out to be short-lived, the uncertainty effects will persist for some time," said Makhlouf, the governor of the Irish Central Bank.
-U.S. President Donald Trump's tariff decisions since he took office on January 20, from imposing sweeping duties to abruptly pausing some of them, have shocked financial markets and sent a wave of uncertainty through the global economy.
U.S. President Donald Trump's tariff decisions since he took office on January 20, from imposing sweeping duties to abruptly pausing some of them, have shocked financial markets and sent a wave of uncertainty through the global economy.
Euro zone bond yields hovered near one-month highs on Tuesday as investors pared back bets on interest rate cuts by the European Central Bank after a faster-than-expected de-escalation in U.S.-China trade war eased worries about a sharp global slowdown.
The European Central Bank will stand by its aggressive stimulus policy of the last decade in a strategy review, side-stepping calls for self-criticism after a bout of high inflation and sizeable losses, several ECB policymakers told Reuters.
* ECB to keep reference to 'forceful' action. * Review yields little criticism of past moves. * Some policymakers had urged deeper soul-searching. By Francesco Canepa and Balazs Koranyi.
* US and China reach deal to temporarily slash tariffs. * Tariff pause may reduce need for Fed rate cuts, Kugler says. * US CPI data due at 1230 GMT. By Anmol Choubey.
Bank of Japan Deputy Governor Shinichi Uchida said on Tuesday companies are likely to keep raising wages and prices even as uncertainty over U.S. tariff policy weighs on the economy. "Japan's underlying inflation, and medium- to long-term inflation expectations, are likely to temporarily stagnate.
The Bank of Japan expects wages and prices to keep rising even as the uncertainty over U.S. tariff policy weighs on the economy, its deputy governor Shinichi Uchida said on Tuesday, signalling the bank's resolve to maintain its rate-hike stance.
The dollar retreated on Tuesday, giving back some of its sharp gains a day earlier after an inflation reading came in below market expectations. The Labor Department said the consumer price index increased 0.2% last month, below expectations of economists polled by Reuters for a 0.3% gain, after dipping 0.1% in March.
* Dollar holds gains on optimism over US-China trade truce. * Yen, euro nursing steep losses. * Investors pare back expectations of Fed rate cuts. By Rae Wee. The dollar held strong gains on Tuesday as investors cheered a tariff deal between the United States and China to tap the brakes on a trade war between the world's two largest economies that had fed fears of a global recession.
A measure of Australian consumer sentiment partially rebounded in May as the initial shock of U.S. President Donald Trump's tariff war faded a little, an improvement that should be underpinned by the latest truce with China.
A split is emerging between the Federal Reserve and other major central banks as they try to assess the economic impact of the rapidly shifting global trade war. The Fed has kept interest rates on hold in the face of rising inflation risk, while many of its peers are cutting to cushion the blow from the looming growth slowdown.
Brazil's central bank will sign a currency swap agreement with the People's Bank of China, it said in a statement on Monday, with a maximum outstanding value of 157 billion reais and a five-year term.
Simon Property Group (SPG) reported a rise in first-quarter real estate funds from operations on Monday, helped by resilient leasing demand at its shopping centers. The commercial real estate investment trust counts LVMH, top luxury brand and owner of Louis Vuitton, Christian Dior, Hennessy and Tiffany & Co, among its tenants.
Three Belgian soldiers from one of the country's parachute regiments were injured while on exercise in Scotland, said Belgian Prime Minister Bart de Wever in a post on X on Monday. He did not provide details. Belgium is planning to increase its total defence spending to 2% of its gross domestic product this year, which is the minimum level agreed among NATO allies.
* Tariff pause may reduce need for Fed rate cuts, Kugler says. * Investors push out rate-cut expectations to September. * Trade conflict could impact US reputation, supply chains. By Padraic Halpin and Howard Schneider.
-Top U.S. bank lending officers reported weaker demand from businesses and consumers for many types of credit during the first three months of the year, according to?a Federal Reserve report released on Monday, reversing a short-lived surge in loan demand the previous quarter.
Federal Reserve Gov. Adriana Kugler said in a speech in Dublin that trade barriers could soon affect prices and slow down growth while increasing uncertainty in 2025.
-U.S. President Donald Trump's tariff decisions since he took office on January 20, from imposing sweeping duties to abruptly pausing some of them, have shocked financial markets and sent a wave of uncertainty through the global economy.
-U.S. President Donald Trump's tariff decisions since he took office on January 20, from imposing sweeping duties to abruptly pausing some of them, have shocked financial markets and sent a wave of uncertainty through the global economy.
Anheuser-Busch InBev's American subsidiary said on Monday it would invest $300 million in its manufacturing operations in the United States this year amid a push for local production under President Donald Trump.
U.S. President Donald Trump's tariff decisions since he took office on January 20, from imposing sweeping duties to abruptly pausing some of them, have shocked financial markets and sent a wave of uncertainty through the global economy.
The Consumer Price Index for April, due Tuesday morning, could test Wall Street's renewed bullishness after a major U.S.-China tariff rollback fueled risk-on sentiment. Despite a slightly defused trade war, the inflation print could tighten the Fed's hand further, especially if prices came in hotter than forecast.
The U.S.-China deal to lower the most aggressive import tariffs between the world's two largest economies could lessen the impact of their trade war, though the levies left in place are still steep and will leave a mark on the economy, Federal Reserve officials said on Monday.
U.S. central bank officials are having trouble judging the underlying strength of the economy given the rapid changes in trade policy and the impact on households and businesses rushing earlier this year to buy imported goods, Federal Reserve Governor Adriana Kugler said on Monday.
* US CPI due on Tuesday. * Dollar, global shares soar after China-US truce. * Platinum, palladium down over 1% By Sarah Qureshi and Ashitha Shivaprasad. Safe-haven gold fell more than 2% on Monday as risk sentiment crept in following the announcement of a temporary deal between the United States and China to reduce tariffs. Spot gold was down 2.5% at $3,239.54 an ounce, as of 0941 ET.
The Federal Reserve got one more reason to wait on cutting interest rates after a delay of the most punitive tariffs imposed in the Trump administration's trade battle with China appeared to reduce the chance of a U.S. economic slowdown that would force the central bank to rush to the rescue by reducing borrowing costs.
Three-quarters of Younger Veterans with Debt are Still Paying off Amounts Incurred While Serving NEW YORK, May 12, 2025 /PRNewswire/ --?National Debt Relief, the industry leader in debt settlement known for its unique approach to debt relief, today released the findings of a powerful new study revealing that many U.S. veterans face mounting debt, financial instability and emotional strain as th...
Brazilian economists believe the aggressive monetary tightening cycle in Latin America's largest economy has come to an end, a weekly central bank survey showed on Monday.
By Jamie McGeever. A split is emerging between the Federal Reserve and other major central banks as they try to assess the economic impact of the rapidly shifting global trade war. The Fed has kept interest rates on hold in the face of rising inflation risk, while many of its peers are cutting to cushion the blow from the looming growth slowdown.
A breakthrough in U.S.-China trade talks has propelled world stocks and the dollar higher, but investors fear further negotiations could prove a long slog, tempering optimism, as risks of a global economic slowdown persist.
A truce in the U.S.-China trade war set off a relief rally in stocks on Monday and propelled the dollar higher, but investors fear further negotiations could prove a long slog, as risks of a global economic slowdown persist.
Anheuser-Busch InBev said on Monday it would invest $300 million in its manufacturing operations in the United States this year amid a push for local production under President Donald Trump. The Budweiser maker, which said it invested nearly $2 billion over the last five years in 100 facilities across the country, also announced the launch of a new plant in Columbus, Ohio.
An initiative of the International Economic Forum of the Americas at the heart of major global transformations MONTREAL, May 12, 2025 /PRNewswire/ - From June 9-11, 2025, the H?tel Bonaventure will host a new edition of the Conference of Montreal under the theme 'Change, Vector of Opportunities'.
What matters in U.S. and global markets today. By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets?????. A confusing mix of trade policy shifts and opaque economic data has left financial markets and the Federal Reserve searching for solid ground.
* Networks to make star-studded pitches to brands this week. * Media firms may face pressure to offer pricing concessions. * Research firm says television ad spending could drop by $4 billion. By Lisa Richwine and Dawn Chmielewski.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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