Category: Uncategorized

China’s industrial profits January – May 2025: -1.1% y/y (prior +1.4% y/y)

US will not complete scheduled deliveries of crude oil into the SPR until the end of year

European Central Bank’s Piero Cipollone will speak on Friday

South Korea government holds emergency meeting on household debt

Japan May retail sales +2.2% y/y (expected +2.7%)

Goldman Sachs on oil, sees Brent $90 if interruption of trade through the Strait of Hormuz

Japan May unemployment rate 2.5% (expected 2.5%)

Tokyo June 2025 headline CPI +3.1% y/y (3.3% expected)

JP Morgan expects more USD weakness could encourage greater diversification into EM assets

White House official dials it all back – its not a deal, its just an ‘understanding’

US Com Secretary Lutnick announced the deal with China that was reached in Geneva in May!

US Commerce Secretary Lutnick has said a US-China trade deal was signed two days ago