The beat offers some relief after Saturday’s weak official survey and may give modest support to China-sensitive assets such as the yuan, the Australian dollar and industrial metals at the start of the week. The price detail is less encouraging. Falling output and export charges driven by fierce competition point to continued disinflationary pressure from Chinese factories, which global markets…
Samarium sells for as much as 346 times more in North America than in China, and that price is just a preview of what American industry would pay the day Beijing stops exporting. Jet engines, industrial motors, EVs, wind turbines and medical scanners all run on rare earth magnets, and most U.S. manufacturers still buy theirs from China, at Chinese prices. Outside China, dysprosium costs five…
The survey keeps Japan’s factory sector in solid expansion while showing price pressure starting to build again, which supports the case for continued policy normalisation by the Bank of Japan. Stronger input inflation linked partly to oil, together with hiring close to its fastest pace in years and rising backlogs, points to a tight goods sector rather than a weakening one. For the yen, the data…
The benefit itself is modest in scale, but it sits alongside a proposed two-year cut to the consumption tax on food, which keeps Japan’s fiscal trajectory in focus for bond investors. Any sign that the combined package grows beyond the reference figures could add to upward pressure on long-dated Japanese government bond yields and weigh on the yen, given persistent market sensitivity to Tokyo’s…
A month ago, a series of news reports said oil flows out of Hormuz had recovered to pre-war levels, pushing oil prices lower. However, the rout did not last. Benchmarks are set for their fourth monthly gain in a row, and no amount of repeating that Gulf states are exporting even more oil than before the war can change that. Because barrels are not the whole story. “What is the price of oil? Eight…
The exchange says withdrawals surged after some services resumed but have since slowed, with the outflows representing a fraction of its roughly $171 billion in customer assets.