US economic data disappoints as central banks assess global outlook
Weak US economic figures emerge alongside mixed data from major economies as markets absorb shifting monetary policy signals.
US economic data has shown modest gains alongside higher interest rates, while Canadian data disappointed and Singapore provided a surprise. Global markets responded with oil prices falling sharply, gold firming, and currency movements reflecting shifting economic expectations. China awaits stimulus decisions as Indonesia takes a risky policy turn.
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Breakfast briefing: US backs away in Hormuz after achieving nothing
US data reveals limp gains and higher rates; Canada data dour; Singapore surprises; China awaits stimulus decisions; Indonesia takes a risky turn; UST 10yr at 4.65%; gold firms; oil falls sharply; NZ$1 = 57.7 USc; TWI-5 = 61.6