world economy

by hellenicshippingnews… on 13 June 2025 at 9:00 pm

The Federal Reserve is widely expected to hold interest rates steady next week, with investors focused on new central bank projections that will show how much weight policymakers are putting on recent soft data and how much risk they attach to unresolved trade and budget issues. The release of a series of inflation readings has …

by hellenicshippingnews… on 13 June 2025 at 9:00 pm

Indonesia aims to seal a free trade agreement with the European Union in 2026, Indonesian trade ministry official Djatmiko Bris Witjaksono said on Friday, after the two sides completed their latest round of negotiations. Indonesia and the EU have been in discussions on the agreement for about nine years, and are aiming to sign and …

by hellenicshippingnews… on 13 June 2025 at 9:00 pm

Turkey’s central bank took another small step toward eventually easing policy, analysts said, when on Thursday it provided 100 billion lira in funding via a repo for the third day in a row. The one-week auction at 46% for 100 billion lira ($2.5 billion) on each of the three days marked a change from the …

by hellenicshippingnews… on 13 June 2025 at 9:00 pm

British goods exports to the United States suffered a record fall in April after U.S. President Donald Trump imposed new tariffs, official figures showed on Thursday, pushing Britain’s goods trade deficit to its widest in more than three years. Britain exported 4.1 billion pounds ($5.6 billion) of goods to the United States in April, down …

by hellenicshippingnews… on 13 June 2025 at 9:00 pm

Britain is ready to implement its side of a tariff deal with the United States and is hopeful for a proclamation from U.S. President Donald Trump to put the agreement into effect in the coming days, trade minister Jonathan Reynolds said on Thursday. British Prime Minister Keir Starmer and Trump on May 8 agreed to …

by hellenicshippingnews… on 13 June 2025 at 9:00 pm

USD: Geopolitical risk opens room for brief dollar rebound The dollar is stronger across the board this morning after Israel attacked Iran’s nuclear facilities. The main transmission channel from this specific geopolitical risk and FX is the price of oil, which has rallied around 8% since the Israeli strike. In other conditions, the DXY rally …

by hellenicshippingnews… on 13 June 2025 at 9:00 pm

Should the Bank of England be cutting rates this month? The Bank of England is highly unlikely to cut rates this month, but should it? An increasingly bad run of jobs data, which has seen employee numbers fall for 9 out of the past 10 months at an ever-increasing rate, certainly raises the possibility that …

by hellenicshippingnews… on 13 June 2025 at 5:00 pm

The British public’s expectations for inflation over the medium term remained at their highest in several years although short-term expectations fell, according to a Bank of England survey on Friday ahead of its interest rates decision next week. The central bank looks closely at surveys of the inflation expectations among the public and investors for …

by hellenicshippingnews… on 13 June 2025 at 10:00 am

U.S. trade negotiations have transitioned from their opening act, with its many twists and turns, into a new, protracted chapter: the Slow Grind. It may be less turbulent than this past spring’s drama, but no less worrying for investors. Now that the U.S. and China have the framework for a trade agreement, attention may start …

by hellenicshippingnews… on 13 June 2025 at 10:00 am

China is ready to strengthen cooperation with the European Central Bank (ECB), including on reforming the international monetary system, Premier Li Qiang told ECB President Christine Lagarde at a meeting in Beijing on Thursday. Lagarde is on a rare visit to Beijing this week as both China and the European Union are embroiled in trade …

by hellenicshippingnews… on 13 June 2025 at 10:00 am

Cooler-than-expected U.S. inflation last month deepened conviction in financial markets that the Federal Reserve will start cutting interest rates by September and deliver a second reduction by the end of this year. A U.S. government report showed the Consumer Price Index – a measure of underlying inflation – rose just 0.1% in May after a …

by hellenicshippingnews… on 13 June 2025 at 10:00 am

The view from business leaders Based on its annual Global Risks Perception Survey, the World Economic Forum identified earlier this year the three biggest risks for 2025: state-based armed conflict, extreme weather events, and geoeconomic confrontation. While extreme weather events have unfortunately become more common and already figured last year in the top three, the …

by hellenicshippingnews… on 13 June 2025 at 10:00 am

How far can 10yr yields fall based off current thinking on interest rate cuts? We’ve moved into calmer waters for market rates. The 10-year Treasury yield has recently tended not to stray too far from 4.5%. In the eurozone, the 10yr Euribor rate has trended around the 2.5% area, and the 10yr Bund yield is …

by hellenicshippingnews… on 13 June 2025 at 10:00 am

U.S. and Chinese trade negotiators are no longer driving off a cliff, but they’re still on the wrong road. The world’s two largest economies reached an agreement in London on Tuesday that roughly returns to a month-old truce halting a vicious spiral of tit-for-tat trade levies. In the interim, both found the other’s key pain …

by hellenicshippingnews… on 13 June 2025 at 10:00 am

In recent weeks, two major developments have shaped the trade landscape: a US court ruling questioning the legality of tariffs imposed under the International Emergency Economic Powers Act (IEEPA), and the doubling of tariffs on steel, aluminium, and related derivatives, effective from 4 June. Despite these major developments, we believe that the average tariff rate …

by hellenicshippingnews… on 12 June 2025 at 9:00 pm

The German economy is expected to grow this year following two consecutive years of contraction, four economic institutes said on Thursday, raising their forecasts for 2025 and 2026. The Kiel Institute for the World Economy (IfW) raised its forecast to 0.3% growth from the stagnation it had previously envisaged due to a better-than-expected first quarter, …

by hellenicshippingnews… on 12 June 2025 at 9:00 pm

The U.S. government posted a $316 billion budget deficit for May, down 9%, or $31 billion, from a year earlier, as customs receipts nearly quadrupled to a record $23 billion due to President Donald Trump’s steep new import tariffs, the Treasury Department said. Gross customs receipts jumped last month from $6 billion in May 2024 …

by hellenicshippingnews… on 12 June 2025 at 9:00 pm

Job losses appear to be picking up pace A lot has happened in the UK over the past month, but a surprisingly bad jobs report has set off fresh economic alarm bells recently. It showed that employee numbers are falling at the fastest rate outside of the Covid-19 pandemic, since the data began in 2014. …

by hellenicshippingnews… on 12 June 2025 at 9:00 pm

April was a disappointing month for the UK economy, judging by the 0.3% drop in GDP across the month. In truth, this isn’t hugely surprising. The figures have been enormously volatile recently. That’s partly because of frontloading activity ahead of tariffs. Manufacturing surged in February and has unwound since. But there is also a curious …

by hellenicshippingnews… on 12 June 2025 at 9:00 pm

Japan’s business sentiment worsened in April-June for the first time in five quarters, a government survey showed on Thursday, a sign uncertainty over U.S. tariff policy was taking a toll on the country’s export-heavy economy. An index measuring big firms’ business confidence fell to -1.9 in the current quarter, following +2.0 in January-March, Ministry of …