Global economic growth losing momentum as markets show mixed signals
US growth is slowing while China, Japan and other major economies face mixed data, with central banks responding to market pressures.
Global economic activity is showing signs of weakening, with the United States experiencing slower growth and concerning bond market signals. China's manufacturing indicators have turned negative, though some economies like Canada are performing better. Central banks are responding to conditions, including Japan's currency intervention and China's commitment to additional stimulus measures. Financial markets are reflecting uncertainty, with fluctuating bond yields, currency movements and commodity prices.
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Coverage across the news outlets we track, as at publication.
What outlets are saying
interest.co.nz
Breakfast briefing: The air is going out of the global economy
US growth fades; China commits to more stimulus; Japan intervenes to support the yen; EU growth firms; air travel weak; Aussie home lending weak; UST 10yr at 4.67%; gold firms; oil dips; NZ$1 = 58.8 USc; TWI-5 = 62.5
interest.co.nz
Breakfast briefing: The rise and rise of long-term interest rates
China PMIs negative; Korean data positive; Japan mixed; US data well off the boil with worrying bond market signals; Canada growth rises; UST 10yr at 4.75%; gold dips; oil mixed; NZ$1 = 58.9 USc; TWI-5 = 62.6
interest.co.nz
Breakfast briefing: Oil prices fall on expectation a Hormuz deal is close
Bessent moves markets; US data lackluster; Canada trade rises; China sets tight fuel goal; copper price at record; Aussie bird flu spreads; UST 10yr at 4.63%; gold rises; oil falls hard again; NZ$1 = 58.9 USc; TWI-5 = 62.6