Jerry Lin
The Latest
-
Oil Soars, Markets Drop as Israel Strikes Iran, Triggering Fears of Wider Middle East Conflict
Global oil prices surged and equity markets tumbled Friday after Israel launched a wave of airstrikes targeting Iranian nuclear and military facilities, killing at least two of Tehran's top commanders and triggering a sharp escalation in Middle East tensions. 
Global oil prices surged and equity markets tumbled Friday after Israel launched a wave of airstrikes targeting Iranian nuclear and military facilities, killing at least two of Tehran's top commanders and triggering a sharp escalation in Middle East tensions. -
UK Economy Shrinks 0.3% in April as Trump Tariffs Slash Exports by Record £2 Billion
The United Kingdom's economy shrank 0.3% in April, marking its steepest monthly contraction since October 2023, as President Donald Trump's new tariffs and domestic tax increases hammered British exports and consumer activity. Data released Thursday by the Office for National Statistics (ONS) revealed widespread declines in manufacturing, services, and exports, dashing government hopes for sustained post-winter growth. 
The United Kingdom's economy shrank 0.3% in April, marking its steepest monthly contraction since October 2023, as President Donald Trump's new tariffs and domestic tax increases hammered British exports and consumer activity. Data released Thursday by the Office for National Statistics (ONS) revealed widespread declines in manufacturing, services, and exports, dashing government hopes for sustained post-winter growth. -
Oil Prices Hit Two-Month High as Trump Touts China Trade Deal, U.S. Inventories Drop 3.6 Million Barrels
Oil prices climbed to their highest levels in more than two months Wednesday, as investors reacted to renewed trade optimism between the U.S. and China and a sharper-than-expected decline in U.S. crude inventories. 
Oil prices climbed to their highest levels in more than two months Wednesday, as investors reacted to renewed trade optimism between the U.S. and China and a sharper-than-expected decline in U.S. crude inventories. -
U.S. Inflation Holds at 2.4% in May Despite Trump’s Tariffs; Core Rate Unchanged at 2.8%
Consumer prices in the U.S. rose less than expected in May, showing limited impact from President Donald Trump's tariff regime, according to new data released Wednesday by the Bureau of Labor Statistics. 
Consumer prices in the U.S. rose less than expected in May, showing limited impact from President Donald Trump's tariff regime, according to new data released Wednesday by the Bureau of Labor Statistics. -
EU Proposes $45 Price Cap on Russian Oil, Targets 400 Shadow Fleet Tankers in Fresh Sanctions Push
Brussels is pushing for a significant tightening of sanctions against Russia, including a proposal to lower the Group of Seven-imposed price cap on Russian oil exports from $60 to $45 a barrel, as the European Union intensifies pressure on the Kremlin to halt its war in Ukraine. 
Brussels is pushing for a significant tightening of sanctions against Russia, including a proposal to lower the Group of Seven-imposed price cap on Russian oil exports from $60 to $45 a barrel, as the European Union intensifies pressure on the Kremlin to halt its war in Ukraine. -
China’s Consumer Prices Fall for Fourth Month as Factory Deflation Hits 3.3%
China's consumer prices fell for a fourth consecutive month in May, with the Consumer Price Index (CPI) down 0.1% year-on-year, matching declines from March and April and reinforcing fears of deepening deflation across the world's second-largest economy. Producer prices fell 3.3% from a year earlier, marking the sharpest decline since July 2023, as weak domestic demand and a prolonged price war in the auto sector intensified disinflationary pressures. 
China's consumer prices fell for a fourth consecutive month in May, with the Consumer Price Index (CPI) down 0.1% year-on-year, matching declines from March and April and reinforcing fears of deepening deflation across the world's second-largest economy. Producer prices fell 3.3% from a year earlier, marking the sharpest decline since July 2023, as weak domestic demand and a prolonged price war in the auto sector intensified disinflationary pressures. -
U.S. Adds 139,000 Jobs in May Despite Trade Tensions; Unemployment Holds at 4.2%
The U.S. economy added 139,000 jobs in May, surpassing economists' expectations even as trade uncertainty and government workforce reductions weighed on hiring. The unemployment rate remained unchanged at 4.2%, according to data released Friday by the Bureau of Labor Statistics. 
The U.S. economy added 139,000 jobs in May, surpassing economists' expectations even as trade uncertainty and government workforce reductions weighed on hiring. The unemployment rate remained unchanged at 4.2%, according to data released Friday by the Bureau of Labor Statistics. -
ECB Cuts Key Rate to 2% Amid Slowing Inflation, But Growth Outlook Remains Flat
The European Central Bank on Thursday trimmed its benchmark interest rate by 25 basis points to 2%, responding to a sharper-than-expected slowdown in inflation and rising geopolitical and trade uncertainties. The move, widely anticipated by markets, marks the ECB's first rate cut since inflation dipped below the bank's 2% target for the first time in three years. 
The European Central Bank on Thursday trimmed its benchmark interest rate by 25 basis points to 2%, responding to a sharper-than-expected slowdown in inflation and rising geopolitical and trade uncertainties. The move, widely anticipated by markets, marks the ECB's first rate cut since inflation dipped below the bank's 2% target for the first time in three years. -
Gold Holds Steady as Traders Weigh U.S. Jobs Data, China Tensions, and Rate Outlook
Gold prices remained largely flat on Wednesday as a mixed batch of U.S. labor data dampened safe-haven momentum that had been building amid escalating trade tensions between Washington and Beijing. Spot gold hovered at $3,349.19 an ounce by 11:45 GMT, while U.S. gold futures stood unchanged at $3,373.10. 
Gold prices remained largely flat on Wednesday as a mixed batch of U.S. labor data dampened safe-haven momentum that had been building amid escalating trade tensions between Washington and Beijing. Spot gold hovered at $3,349.19 an ounce by 11:45 GMT, while U.S. gold futures stood unchanged at $3,373.10. -
China’s Factory Output Contracts Sharply as Tariffs and Falling Demand Hit PMI to 48.3
China's manufacturing activity fell sharply in May, as rising U.S. tariffs and deteriorating global demand dealt a significant blow to export orders and factory output. The Caixin/S&P Global manufacturing purchasing managers' index dropped to 48.3, the lowest reading since September 2022 and well below the 50-point threshold separating expansion from contraction. 
China's manufacturing activity fell sharply in May, as rising U.S. tariffs and deteriorating global demand dealt a significant blow to export orders and factory output. The Caixin/S&P Global manufacturing purchasing managers' index dropped to 48.3, the lowest reading since September 2022 and well below the 50-point threshold separating expansion from contraction.
