June 9, 2025
United States:
Stocks, Bonds, Dollar Waver Amid US-China Talks
Stocks, bonds and the dollar saw small moves as investors monitored trade talks between the US and China for signs on whether tensions between the world’s two largest economies are cooling.
Following a rally that put the S&P 500 just about 2% away from its record, the American equity benchmark was little changed on Monday.
Europe:
ECB Nearly or Already at the End of Easing Cycle, Kazimir Says
The European Central Bank is nearly, if not already, at the end of its cycle of interest-rate cuts, according to Governing Council member Peter Kazimir.
“Looking ahead, I continue to see clear downside risks to growth, and there is also uncertainty about future price developments,” Kazimir, who is also Slovak central bank governor, said in an op-ed published on Monday.
Asia:
Japan Confirms GDP Contraction, Backing BOJ’s Cautious Stance
Japan’s economy contracted in the first quarter, a revised estimate confirmed Monday, weakness that supports the Bank of Japan’s cautious stance and keeps political pressure on Prime Minister Shigeru Ishiba ahead of a key election.
Gross domestic product shrank at an annualized pace of 0.2% in the three months through March, according to the Cabinet Office, a less severe drop than the initial estimate of a 0.7% decline.
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