US ISM Manufacturing Stays in Contraction in June as Uncertainty Over Trade Conflicts Keeps Firms on Sidelines, Leading to Weak Demand, More Layoffs
–ISM Manufacturing Index at 49.0 Vs. 48.5 in May, Consensus at 48.8–ISM’s Spence: Production Up but Still Fragile, New Orders Falling–Spence: Orders Unlikely to Pick Up Until Trade, Geopolitical Risks Wane By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction for the fourth straight month in June as the uncertainty over protectionist U.S. […]
Japan Weekahead: Feeling Drag from Trump Tariffs, High Costs of Living in Key Economic Data
By Max Sato (MaceNews) – Here are the key Japanese economic events later this week. There is optimism in financial markets that the global trade war may be resolved through negotiations, but protectionist U.S. trade policy remains unpredictable and geopolitical risks have been heightened. Japanese automakers have lowered prices for their U.S. customers to cover […]