EUR/JPY declined as safe-haven demand rose, driven by US trade tensions and diverging central bank policies.
Australian retail sales rose 0.3% in January, driven by food spending and eased inflation, meeting expectations.
Japan’s Consumer Confidence Index fell to 35 in February, below expectations of 35.7, indicating weaker consumer sentiment.
RBA cuts cash rate to 4.10%, citing economic risks. Inflation remains above target, policy flexibility maintained.
Gold prices in the Philippines remained stable Tuesday, with slight decreases. Influences include geopolitics, interest rates, and central banks.
Corporate capex fell 0.2% in Q4 after years of growth, while GDP rose 2.8%, driven by consumption.
Gold prices in UAE remained stable; central banks increased reserves, influencing prices amid economic and geopolitical factors.
The PBOC sets a daily yuan midpoint, allowing a +/- 2% trading band, with interventions to manage volatility.
China urges dialogue, rejects threats, and seeks fair trade while reaffirming sovereignty and mutual respect amid tariffs.
David Solomon believes a U.S. recession by 2025 is unlikely but possible, highlighting fiscal spending’s economic impact.
