Japan’s Manufacturing PMI rises to 49.0 but remains in contraction amid weak demand, rising costs, and uncertainty.
Australia’s AUD sentiment improves; AUD/USD rises on China’s PMI. USD/JPY drops; gold rebounds on uncertainty. Focus: NFP, ECB.
PBOC sets the yuan’s midpoint at 7.2857, allowing a +/- 2% fluctuation, intervening if volatility arises.
Oil positions dropped, AUD/USD rose, USD/JPY faced resistance, gold increased, and key economic events loom.
Buffett warns tariffs fuel inflation, burden consumers, and act as economic warfare, sparking reactions from Chinese media.
Stocks initially rose on PCE data but declined amid geopolitical tensions, layoffs, tariffs, and bearish market sentiment.
Australian inflation fell 0.2% in February 2025; yearly rate at 2.2%, below the Reserve Bank’s target range.
An explosion caused a fire at a Ufa oil refinery; Russian sources suggest ongoing drone attacks as possible cause.
The Dow rose 150 points; tariffs on Canada, Mexico loom. Inflation eases, but volatility and concerns persist.
Cable hits a ten-day low as GBP/USD drops to 1.2560, reflecting market sentiment and political uncertainty.
