China’s Services PMI rose to 51.4, impacting Australia’s economy, Iron Ore prices, trade balance, and the AUD.
The euro strengthens as US equities struggle, pushing EUR/USD to its highest level since December 6.
Conflicting views exist on tariff rollbacks amid the fentanyl crisis, with Trump set to speak soon.
Australian Dollar strengthens as US economy slows; Australia’s GDP, Retail Sales rise, while consumer confidence declines. Trade dynamics crucial.
Australia’s Services PMI fell, Composite PMI declined, manufacturing PMI rose, business confidence stayed high, and inflation eased.
China plans to enhance fiscal spending, address external pressures, boost economic recovery, and improve its fiscal structure.
China plans increased fiscal spending in 2025 amid external challenges, weak demand, and trade uncertainty, ensuring stability.
The API survey provides private oil storage data, while the EIA report offers detailed, comprehensive industry statistics tomorrow.
DXY drops below 106.00 as tariffs spark trade tensions; market volatility rises amid stagflation concerns and technical weakness.
US stocks fell late, erasing earlier recovery. Dow dropped most, while Google gained despite broader declines.
