Preview: Bank of Japan Q2 Tankan to Show Business Sentiment Slipped as Trump Tariffs Hit Auto, Metal Industries, High Costs Slow Consumers Spending
By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey is forecast to show confidence was flat or deteriorated in most categories in the June quarter, hit by Trump tariffs on vehicles, metals and other goods, with automakers lowering export prices to pay for higher import costs for U.S. customers, according to […]
ISRAEL-IRAN UPDATE: Pres Trump Gathers Advisers, Says Iran’s Supreme Leader Safe ‘For Now;’ Tells Tehran to Evacuate; Vance Says Action May Come
WASHINGTON (MaceNews) – There are signs Tuesday afternoon that President Trump is weighing whether to finish off Iran’s capability to produce nuclear weapons by authorizing the use of penetrating “Bunker Buster” bombs dropped by American pilots. Top advisers have been seen entering the White House with a meeting reported under way in the White House’s […]
Japan Weekahead: Bank of Japan Set to Keep 0.5% Policy Rate, Focus on Possible Moderation in FY26 Balance Sheet Trim; Exports Hit by Trump Tariffs, Underlying Inflation Still Below 2%
By Max Sato (MaceNews) – Here are the key Japanese economic and political events for the coming week. – Monday, June 16 1400 JST (0500 GMT/0100 EDT) – The Bank of Japan’s nine-member board begins its two-day policy meeting. On day one, board members compare notes on the economic and financial conditions in Japan and […]
ISM: US Services Sector Posts 1st Contraction in 11 Months in May as Trade War Sparks Supply Chain Chaos
–ISM Services Index 49.9 Vs. 51.6, Well Below Consensus (52.0)–ISM’s Miller: Weak PMI Not Indicative of Severe Contraction but Caused by Uncertainty–Miller: Firms Cautious About Placing Orders Until Trade Tariff Impact Becomes Clearer By Max Sato (MaceNews) – The U.S. services sector slipped into contraction in May after growing for 10 months, hit by significantly […]
Preview: Japan Q1 GDP to Post 1st Contraction in 4 Quarters as High Costs Keep Consumers Wary, Exports Remain Flat amid Uncertain Global Growth Prospects
–Global Trade War May Lead to 2nd Straight GDP Slump in Q2 By Max Sato (MaceNews) – Japan’s gross domestic product for the January-March quarter is forecast to post its first contraction in four quarters, down a slight 0.1% on quarter, or an annualized 0.4%, in payback for a technical jump in net exports in […]
UPDATE: TARIFFS STATE OF PLAY: AS DUST SETTLES FOR NOW, BEHEMOTHS CHINA AND USA FACE OFF
WASHINGTON (MaceNews) – As U.S stocks rocketed up spectacularly Wednesday after President Trump’s pivot on tariffs, the battle of titans – the USA and China – emerged as the main event for months to come. At an afternoon White House event, President Trump said, “Somebody had to do it,” vs. China. A more skeptical former […]
ISM: US Services Sector Slips in March on Surging Costs amid Trump Trade War, Controversial Massive Federal Spending Cuts, but Clings to Growth
–ISM Services Index at 9-Month Low of 50.8 Vs. 53.5 in February, Below Consensus (53.0)–Employment Subindex Plunge by 7.7 Points Sharpest Since Early Pandemic Phase of April 2020–ISM’s Miller: More Industries Are Concerned About Impact of Tariffs–Miller: Canadian Boycott of US Goods, Services Having Immediate Impact–Miller: Services Sector Shows Some Strength from Overall Viewpoint By […]
US TARIFFS STATE OF PLAY: Pres Trump Imposes Massive Global Tariffs Likely to Cause Widespread USA Price Hikes
WASHINGTON (MaceNews) – Amid much pessimism about severe economic domestic consequences, President Trump Wednesday imposed massive tariffs on several dozen countries including China and the European Union and a blanket 10% levy on all the rest. The Rose Garden announcement shook stock futures into large negatives while interest rates maintained lows last hit in October. […]
US ISM Manufacturing Slips Back into Contraction in March as Firms Sit on Sidelines, Trim Payrolls Ahead of More Trump Tariffs Expected This Week
–ISM Manufacturing Index at 49.0 Vs. 50.3 in February, Below Consensus (49.6)–ISM’s Fiore: Activity ‘Overshadowed’ by US Import Tariffs; So Many Unknowns, More Confusion–Fiore: Still Think Lower New Orders, Higher Inventories, Slower Supply Deliveries Will Clear Up–Fiore: Tariffs Could Prompt Workers Hit by Higher Costs of Living to Demand Wage Hikes, Triggering Wage-Price Cycle By […]
Preview: BOJ March Quarter Tankan to Show Business Sentiment Slightly Down or Flat amid Uncertainty over Trump Tariffs, Elevated Consumer Inflation
By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey is forecast to show confidence among manufacturers slipped in the March quarter in the face of stiff tariffs on U.S. imports of metals and vehicles as well as President Trump’s plans to slap “reciprocal tariffs” on imports from global trading partners. China’s […]