The Trump’s announcement yesterday was without a doubt worse than expected. There were some positive caveats like reciprocal tariffs not coming into effect immediately and …
That being said, they are still maintaining their forecast for China’s full year 2025 GDP growth at 4.5%. I’m not sure how their estimate works …
Prior +0.8%; revised to +0.7% PPI +3.0% vs +3.0% y/y expected Prior +1.8%; revised to +1.7% Looking at the breakdown, there were increases in prices …
Rate cuts by year-end Fed: 82 bps (76% probability of no change at the upcoming meeting) ECB: 70 bps (90% probability of rate cut at …
The dollar is falling further in European trading as it fails to find any shelter in the first wave of the market reaction towards Trump’s …
Exchange rate reaction hard to predict See some risks for Swiss economy due to tariffs As mentioned earlier here, it’s not about tariffs equality or …
Europe will respond appropriately and proportionately. Trump’s decision on tariffs is fundamentally wrong. Entire world economy will suffer from this. Even if we did nothing …