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India Braces for Steel Import Surge as Trump's Tariffs Ripple Across Globe

India's steel industry is on high alert, fearing a surge in imports following U.S. President Donald Trump's imposition of a sweeping 25% tariff on all steel imports. The move, part of Trump's broader protectionist trade agenda, is expected to redirect excess steel production
India Braces for Steel Import Surge as Trump's Tariffs Ripple Across Globe

Recession Risk Rising, Says Apollo's Torsten Slok

The U.S. labor market showed signs of resilience in February, with nonfarm payrolls increasing by 151,000, according to the Labor Department's latest report. However, economists warn that the underlying economic landscape is becoming increasingly precarious, clouded by the Trump administration's trade policies and proposed
Recession Risk Rising, Says Apollo's Torsten Slok

Canada Fires Back at US Tariffs with Sweeping Retaliatory Measures

The Canadian government has announced a sweeping package of counter-tariffs against US-made products in response to President Donald Trump's decision to impose tariffs on Canada and Mexico, Bloomberg reports. Prime Minister Justin Trudeau, in a statement late Monday, vowed to retaliate against the US tariffs, echoing his February

Eurozone Unemployment Remains Low Despite Economic Concerns

The eurozone's labor market continues to defy economic weakness, maintaining a record-low unemployment rate of 6.2% in January, according to official data released by Eurostat. This development, as reported by the Wall Street Journal, comes despite mounting economic headwinds and concerns among European Central Bank (ECB) policymakers.

UK Grocery Inflation Steady as Shoppers Seek Out Promotions

Grocery inflation in the UK remained unchanged in February, helped by increased reliance on supermarket promotions amid rising cost-of-living concerns, according to a report released Tuesday by market researcher Kantar, as reported by Reuters. Supermarkets have warned that tax increases and a national minimum wage hike will fuel inflation this

China Strikes Back at US Tariffs with Fresh Levies on Farm Goods

China has retaliated against US President Donald Trump's latest tariffs, imposing new levies on a wide range of American agricultural products, Nikkei Asia reports. These countermeasures come in response to fresh 10% tariffs imposed by the US on Chinese goods, escalating the ongoing trade war. In a statement

US Steel Prices Surge on Looming Tariff Threat, Exceeding Imported Costs

US steel prices have surged to levels exceeding imported steel, fueled by anticipation of President Donald Trump's threatened 25% tariff on foreign steel, Bloomberg reports. This move is already impacting US buyers, who are facing higher costs for domestic metal even before the tariffs are officially implemented. The

US Corporate Bonds Outperform Treasuries Amidst Policy Uncertainty

US corporate bonds are exhibiting lower volatility than US Treasuries, defying conventional wisdom and potentially signaling a shift in investor sentiment, Bloomberg reports. This unusual dynamic is driving high valuations for company debt. In a recent analysis, Barclays Plc found that, on a six-month rolling basis, investment-grade bond yields have

Markets Weekly: The Stagflation Specter

JPMorgan Chase CEO Jamie Dimon has been a persistent voice warning of the risks of stagflation. In April last year, Dimon said “stagflation is on the list of possible things” that could happen to the US economy. He repeated the warning at an investment conference in September, saying that a
Markets Weekly: The Stagflation Specter

Australia's Q4 Business Investment Unexpectedly Dips

Australia's business investment unexpectedly dipped in the December quarter, defying market forecasts and signaling a potential slowdown in economic growth, Reuters reports. Private capital spending fell by 0.2% in real terms during the fourth quarter, reversing a revised 1.6% increase in the previous quarter. Economists had