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Goldman Sachs scale back on Fed rate cut projections amid latest tariff developments
Goldman Sachs scale back on Fed rate cut projections amid latest tariff developments
The firm also lowers its probability of a US recession in the next 12 months
UBS sees better growth prospects for China as tariffs impact eases
UBS sees better growth prospects for China as tariffs impact eases
Analysts are now believing that the worst is over on the trade war
China  President Xi Jinping says that tariff and trade wars produce no winners
China President Xi Jinping says that tariff and trade wars produce no winners
Warned that acts of bullying and domination will ultimately lead to isolation.
China
ICYMI China SASAC calls for advancement of major projects aligned with national priorities
ICYMI China SASAC calls for advancement of major projects aligned with national priorities
China’s State-owned Assets Supervision and Administration Commission (SASAC)
China
China is building megaports in South America to feed its need for crops
China is building megaports in South America to feed its need for crops
Wall Street Journal report - China is investing in South American infrastructure to secure agricultural imports.
China
Australian April business confidence -1 (prior -4)
Australian April business confidence -1 (prior -4)
National Australia Bank business survey for April 2025
Japan finance minister Kato wants to discuss FX with Bessent
Japan finance minister Kato wants to discuss FX with Bessent
A transparent attempt here from Kato to verbally intervene in the slumping yen
China’s foreign minister meets Brazil counterpart in Beijing
China’s foreign minister meets Brazil counterpart in Beijing
It makes sense that China will be using the tariff pause to shore up trade deals with other countries - meeting with Brazil now
China
UK April consumer spending shows its biggest increase since June 2023
UK April consumer spending shows its biggest increase since June 2023
British Retail Consortium reported a 7.0% year-on-year rise in total retail sales, up from 1.1% in March — the strongest annual gain for any month since the pandemic.
Forexlive Americas FX news wrap: Massive across the board on trade war relief
Forexlive Americas FX news wrap: Massive across the board on trade war relief
Forex news for North American trading on May 12, 2025
Session wrap
Wrap Nth America
Trump's Hassett says there are 24 countries lined up for trade talks over the next weeks
Trump's Hassett says there are 24 countries lined up for trade talks over the next weeks
Hasset is trying to appear relevant after all the attention on Bessent and Greer's trade war ceasefire agreement with China
Politics
USD
US stocks close sharply higher on US China tariff news
US stocks close sharply higher on US China tariff news
Progress on tariffs gives buyers a shove
Stocks
Why Apple will never leave China
Why Apple will never leave China
The company has trained 28 million workers -- more than the entire population of California
Stocks
Were the last six weeks all a bad dream?
Were the last six weeks all a bad dream?
Deutsche Bank on the state of play after the latest twist
market overview
Trump: We achieved a total reset with China
Trump: We achieved a total reset with China
Comments from Trump in today's press conference
Politics
Trump set to speak on pharma
Trump set to speak on pharma
Talk might turn to tariffs and China
Politics
USD
Gold is being put to the test today
Gold is being put to the test today
So far the May 1 low has held
US-China breakthrough leads to a breakout
US-China breakthrough leads to a breakout
Huge moves greet Monday markets as the US and China reverse tariffs
ForexLive European FX news wrap: US, China strike deal to lower tariffs after talks
ForexLive European FX news wrap: US, China strike deal to lower tariffs after talks
Forex news from the European morning session on May 12, 2025
Session wrap
Wrap Europe
Bessent: I could see a Trump-Xi call happening in the coming weeks, months
Bessent: I could see a Trump-Xi call happening in the coming weeks, months
Further remarks by US Treasury secretary, Scott Bessent
Politics
Bessent: It is implausible that tariffs on China go below 10%
Bessent: It is implausible that tariffs on China go below 10%
Bessent adds that the ceiling for China tariffs will be the 2 April level i.e. 54%
Politics
How is the China camp painting the trade deal situation back home?
How is the China camp painting the trade deal situation back home?
It's mostly positive but like any war, there has to be a winner and a loser in some sense
Politics
How have interest rates expectations changed after the US-China news?
How have interest rates expectations changed after the US-China news?
The hawkish repricing across the board continues...
market overview
More from BoE's Greene: Disinflation process in underway
More from BoE's Greene: Disinflation process in underway
Further remarks from BoE's policymaker, Megan Greene
Equities, dollar hold gains ahead of US trading
Equities, dollar hold gains ahead of US trading
No let up in the optimism in European trading thus far
Stocks