Submitted 19 hr ago|From @FirstSquawk

BOJ GOV UEDA: HARD TO PINPOINT EXACT LEVEL OF NEUTRAL RATE, WE WILL SCRUTINISE HOW JAPAN'S ECONOMY REACTS TO CHANGES TO SHORT-TERM INTEREST RATES

Submitted 19 hr ago|From @financialjuice|6 comments

SNB's Schlegel: increased willingness to intervene in FX SNB's Schlegel: mid-term inflation pressure is basically unchanged

Submitted 19 hr ago|From finance.yahoo.com

Bitcoin (BTC-USD) dropped more than 4% on Tuesday to hover near $67,000, its lowest level since early April. What’s behind the move: The world’s largest cryptocurrency has faced multiple headwinds in recent days as sentiment has soured after major ...

Submitted 19 hr ago|From justice.gov

Last week, the U.S. District Court for the District of Idaho denied a motion for a preliminary injunction to halt construction of the Stibnite Gold Project. Among other things, the project will establish a domestic source of the mineral antimony, ...

Submitted 19 hr ago|From cnbc.com

India’s central bank may defy expectations that it will leave its benchmark interest rate unchanged during its monetary policy decision meeting on Friday. The majority of economists polled by CNBC expect the Reserve Bank of India to keep rates ...

Submitted 19 hr ago|From ec.europa.eu

In April 2026, compared with March 2026, industrial producer prices increased by 0.6% in the euro area and by 0.7% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In March 2026, industrial ...

Submitted 19 hr ago|From @C_Barraud

#ECB EXECUTIVE BOARD ELDERSON SPEAKS ON CNBC *ELDERSON: LONGER WAR INCREASES LIKELIHOOD OF 2ND-ROUND EFFECTS *ECB'S ELDERSON: DON'T SEE SECOND-ROUND EFFECTS YET *ECB'S ELDERSON: BALANCE OF RISK HAS CLEARLY DETERIORATED: CNBC

Submitted 19 hr ago|From pmi.spglobal.com

Latest survey data indicated a setback for the UK service sector as output levels fell for the first time in just over a year. This mostly reflected a sustained reduction in new work. Weaker demand was attributed to elevated risk aversion among ...

Submitted 19 hr ago|From boj.or.jp|44 comments

It is my great pleasure to have the opportunity to speak today at the Kisaragi-kai meeting. Since early spring this year, the environment surrounding economic activity and prices both in Japan and abroad has been significantly affected by increased tension over the situation in the Middle East. As the surge in crude oil prices draws global attention to heightened inflationary pressure, central banks around the world face challenges in navigating their particular context for economic activity and prices. The Bank of Japan is no exception. In conducting monetary policy appropriately, it has become more important to accurately gauge the current situation of economic activity and prices and envision future developments. Today, after discussing its view on economic activity and prices, I would like to t BoJ's Governor Ueda: Our basic stance is to continue raising policy rate in accordance with economic, price, financial developments. BOJ GOV UEDA: EVEN IF SITUATION REGARDING MIDDLE EAST REMAINS UNCLEAR, SHOULD IT BE JUDGED THAT UPSIDE RISKS TO PRICES OUTWEIGH DOWNSIDE RISKS TO ECONOMIC ACTIVITY, IT WILL BE NECESSARY TO THOROUGHLY DISCUSS PROS AND CONS OF RAISING POLICY RATE BoJ's Governor Ueda: Likely that a rise in crude oil prices will push up the prices not only of energy, but also prices in general, particularly of a wide range of goods. BOJ GOV UEDA: THE ENVIRONMENT IN JAPAN TODAY HAS CHANGED SIGNIFICANTLY, COMPARED TO 4 YEARS AGO, AS THE COUNTRY'S DEFLATIONARY MINDSET HAS BEEN DISPELLED AND THE WAGE- AND PRICE-SETTING BEHAVIOUR OF FIRMS HAS BECOME MORE ACTIVE

Submitted 20 hr ago|From oecd.org|5 comments

The evolving conflict in the Middle East has become the dominant force shaping global economic prospects, prompting an energy shock that is driving inflationary pressures and is projected to have adverse impacts on growth, according to the OECD’s ...

Submitted 20 hr ago|From pmi.spglobal.com

Private sector business activity in the eurozone fell at the sharpest pace in 18 months in May, according to the latest S&P Global PMI® data, marking back-to-back months of contraction for the first time since the end of 2024. Weighing on output ...

Submitted 20 hr ago|From pmi.spglobal.com

the German service sector in May, reflecting a backdrop of subdued demand and elevated cost pressures, the latest PMI® survey results showed. Positively, the rate of contraction eased and firms' expectations for activity over the next 12 months ...

Submitted 20 hr ago|From pmi.spglobal.com

France's service economy slipped deeper into contraction midway through the second quarter, latest PMI® survey data showed, as both activity and new business levels decreased at their steepest rates in five-and-a-half years. The quickest reduction ...

Submitted 20 hr ago|From pmi.spglobal.com

A renewed fall in new business volumes pushed the Italian services economy deeper into contraction territory in May. Although companies continued to contend with elevated cost burdens - a consequence of war in the Middle East - the pass-through to ...

Submitted 20 hr ago|From @FirstSquawk|96 comments

TAKAICHI: FX POLICY IS IMPORTANT TO SUPPORT ECONOMY JAPAN PM TAKAICHI: TO DEEPEN INTL COOPERATION INCLUDING WITH US ON FX Japan PM Takaichi: Affirmed With G-7 Excessive Moves Are Bad For Economy -To Deepen Intl Cooperation Including With US On FX -Trades Incl. Speculation Have Big Impact On Market - FX Policy Is Important To Support Economy -To Take Appropriate Steps On FX As Needed At Any Time…

Submitted 21 hr ago|From sg.finance.yahoo.com

While gold and silver have historically commanded the spotlight during commodities rallies, offering investors solid inflation hedges, copper has been outshining both these precious metals in the era of artificial intelligence (AI). Driven by ...

Submitted 21 hr ago|From think.ing.com|1 comment

The dollar continues to edge higher as US data surprises on the upside, and the market considers a Fed hike this year. Yesterday's US April JOLTS data was the latest to surprise, with job openings rising to the highest levels since May 2024. The ...

Submitted 21 hr ago|From fxstreet.com

In a recent interview with FXStreet at the Proof of Talk conference, BitMEX CEO Stephan Lutz stated that the crypto market has entered a full bear phase, marked by declining activity across both crypto-native and real-world asset (RWA) sectors. He ...

Submitted 21 hr ago|From pmi.spglobal.com

Having contracted in April for the first time since August 2023, latest PMI data from S&P Global pointed to a more stable performance of Spain’s service sector in May. Activity rose fractionally, supported by a marginal increase in new business. ...

Submitted 21 hr ago|From brecorder.com

Copper slipped on Wednesday as investors locked in profit after prices touched a two-week high, while uncertaintyarounda US tariff on the metal limited losses. The benchmark three-month copper on the London Metal Exchange dropped 0.43% to $13,980.50 ...