Markets, trade, and economic policy worldwide
US equity ETFs including SPY, VOO, and IVV have driven a historic rebound since the March low, with record daily inflows of $7.5 billion contributing to a $100 billion total inflow.
Bank of Japan Governor Kazuo Ueda stated that a rate hike remains possible provided there is no significant downside pressure on the economy.
BOJ Governor Ueda stated that if the economy does not undershoot significantly, there is a possibility of a rate hike.
China's Minister of Commerce announced that the country has reached a 'soft landing' agreement with the European Union regarding tariffs on electric vehicles.
Austria agrees on €5.1 billion budget measures, including extending a bank tax, to end an EU probe into its finances.
Spain's unemployment rate rose to 10.83% in the first quarter, above the expected 9.8% and up from 9.93% in the previous quarter.
Bank of Japan Governor Kazuo Ueda stated there is no immediate need to raise interest rates, noting that while six board members are mindful of inflation risks, they do not see current urgency for a hike.
Bank of Japan Governor Ueda noted that underlying inflation has not fully stabilized at the 2% level.
The Bank of Japan held interest rates steady but adopted a hawkish tone, setting the stage for other central banks.
The New Zealand Defence Force reports that a North Korean vessel was observed conducting a suspected ship-to-ship transfer of illicit goods at sea.
Oil prices increased 1% amid the ongoing Iran war standoff with no resolution in sight.
Chinese luxury automaker Hongqi, known as Mao Zedong's preferred car brand, is in talks with Stellantis to build vehicles at one of its Spanish plants as it expands in Europe.
BP reported a significant increase in first-quarter earnings, attributing the growth to higher profits resulting from the ongoing conflict involving Iran.
The Chinese Politburo has announced a deepened crackdown on "involution-style" competition, according to a report by Xinhua.
China's Politburo aims to stabilize employment and market expectations, reports Xinhua
The United Arab Emirates has demanded that Pakistan immediately repay a $3.5 billion loan, a move that threatens to deplete 20% of Pakistan's central bank reserves amid regional diplomatic tensions.
Asian stock markets are trading lower while oil prices rise following a stalemate in diplomatic negotiations aimed at ending the conflict in Iran.
China has blocked the Meta-Manus deal, unnerving entrepreneurs and investors.
Two creditors of Spirit Airlines have expressed support for a bailout plan proposed by President Trump, according to the Financial Times.
The Philippine peso extended its decline, reaching a new record low of 60.993 per dollar.
China's CMOC Group signed a $1.7 billion agreement with Ecuador to develop a major gold mine in the South American country.
The Sudanese government has implemented a ban on a wide range of imports in an effort to stabilize the national currency and address its ongoing depreciation.
The Bank of Japan maintained its benchmark interest rate, though three of the nine board members dissented against the decision, causing the yen to rise against the dollar.
Global military spending reached a record $2.9 trillion, marking 11 consecutive years of growth as the United States, China, Russia, and European nations increase their defense budgets.