Key Takeaways Headline CPI ticks up: Tokyo headline inflation rose to 1.5% in April from 1.4% in March. Core falls below target: Tokyo core CPI dropped to 1.5% from 1.7%, missing the 1.8% forecast and slipping further below the BOJ’s 2% target — a four-year low. Underlying gauge softens: Inflation …
Read More »Gold Stuck Near One-Month Low: Iran War Inflation Fears and Hawkish Central Banks Crush Bullion
Key Takeaways Prices slip: Spot gold fell 0.5% to $4,600.06/oz, while gold futures dropped 0.4% to $4,611.54/oz — both close to one-month lows. Quiet trading: Volumes were muted due to market holidays across most of Asia. Two months of losses: Spot gold lost roughly 1% in April, extending March’s near …
Read More »Yen Wobbles After Tokyo’s Intervention Strike: Dollar Steadies as Iran War Reshapes Currency Battleground
Key Takeaways Yen reverses gains: USD/JPY rose 0.4% on Friday after plunging more than 2% in the prior session on reported Tokyo intervention. Tokyo defends 160 line: The Japanese government stepped in after USD/JPY breached the historically sensitive 160 yen level. Tokyo CPI disappoints: Softer-than-expected April inflation added pressure on …
Read More »Apple Smashes Records as iPhone 17 Frenzy Continues, but Cook Exit Casts Shadow Over $100B Buyback Boost
Key Takeaways Record-breaking quarter: Apple posted all-time records for total revenue and EPS, with iPhone sales surging more than 20% for a second straight quarter. Massive buyback: The company authorized an additional $100 billion share repurchase program. Mixed stock reaction: Shares initially ticked higher after hours but reversed to close …
Read More »Oil Holds Near 2022 Peaks: Iran Defiance and Trump’s Military Options Keep Crude on Edge
Key Takeaways Prices stay elevated: Brent crude futures for July rose 0.4% to $110.87/barrel; WTI for June held flat at $105.20. Four-year high: The expiring June Brent contract hit over $126 per barrel on Thursday — the highest since the 2022 Russia-Ukraine crisis. Trump weighs strikes: The president is considering …
Read More »U.S. Economy Roars Back in Q1: Growth Accelerates but Iran War Inflation Sounds Alarm Bells
Key Takeaways GDP rebound: First-quarter GDP rose to 2%, up sharply from 0.5% in Q4 2026 — though just shy of the 2.2% forecast. Shutdown distortion: Last year’s 43-day government shutdown caused the biggest federal spending drop since 1972, skewing prior comparisons. AI data center boom: Rapid expansion to support …
Read More »Canadian Economy Stays Resilient: Manufacturing Powerhouse Drives Fourth Straight Month of Growth
Key Takeaways Steady momentum: Canada’s GDP rose 0.2% month-on-month in February, matching expectations and marking the fourth consecutive month of positive growth. Manufacturing the standout: The sector surged 1.8% — its strongest monthly performance since January 2023 — with broad-based gains across transportation equipment and automotive. Tariff resilience: Canada has …
Read More »ECB Holds the Line as Iran War Stagflation Threat Looms: Lagarde Warns of Worsening Energy Shock
Key Takeaways Rates held at 2%: The ECB kept its key deposit rate unchanged, sticking with a “steady-hand approach” as expected. Stagflation warning: ING analysts highlighted “increasing stagflationary pressures” in the eurozone — a toxic mix of high inflation and stagnant growth. Oil and gas pain: The Iran war has …
Read More »Bank of England Walks the Tightrope: Rates Held but Bailey Warns Hikes May Be Needed as Iran Oil Shock Fuels Inflation
Key Takeaways Rates held at 3.75%: The BOE voted 8-1 to keep its key bank rate unchanged, with one member backing a quarter-point hike. Hawkish warning shot: The central bank flagged that policy may need to respond later this year to the energy shock from the Iran war. Inflation already …
Read More »Meta Doubles Down on AI Spending Spree: Capex Soars to $145B as Stock Slides 8% on Cost Shock
Key Takeaways Stock takes a hit: Meta shares plunged as much as 8% in premarket trading after the company raised its capital expenditure outlook. Massive capex hike: 2026 capital spending guidance lifted to $125-$145 billion, up from the prior $115-$135 billion range. Q1 blowout earnings: Revenue hit $56.31 billion (vs. …
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