Initial jobless claims data for the week ending Aug 19
- Prior was 232K
- Continuing claims 1954K vs 1950K expected
- Prior continuing claims 1954K
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Singapore's non-oil domestic exports surged 38.4% in May (expected +31.1%. prior +24.5%) the largest annual rise in 20 years, driven by AI-related electronics demand, though a proposed US 12.5% tariff threatens a third of direct US shipments.
Japan April core machinery orders surge, exports beat also
PBOC is expected to set the USD/CNY reference rate at 6.7659 – Reuters estimate
The ECB raised its key rate 25bp to 2.25% and revised up its 2026 inflation forecast to 3.0%, with BNP Paribas expecting one further hike in September before rates plateau through 2027.
G7 leaders meeting in France are considering higher tariffs on Chinese imports as Beijing's record $1.2 trillion trade surplus redirects export pressure toward Europe, the AP reported.
New Zealand Q1 current account deficit narrows sharply on quarterly basis
Uber & Lyft's AI pricing sparks debate. Same rides, 29 price variations raise profit questions.
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