April retail sales and industrial production in China fell short of forecasts, weighing on regional markets amid rising oil prices and bond yields. China’s April economic data undershot expectations, with retail sales rising just 0.2% year-over-year against a forecast of 2
Spot Bitcoin ETFs record $1.039 billion net outflow Spot Bitcoin ETFs experienced a net outflow of $1.039 billion from May 11 to May 15, ending six consecutive weeks of net inflows. This shift in investor sentiment comes after a period of consistent growth in Bitco
China buys $17 billion in US agricultural products annually The White House has released a fact sheet detailing historic deals with China. The agreements include the purchase of 200 American-made Boeing aircraft by China. China will also purchase $17 billio
April data shows sharp slowdown in China’s retail sales and industrial output, undershooting forecasts amid weak demand and geopolitical pressures. China’s retail sales growth slowed to 0.2% year-on-year in April, the weakest pace since December 2022, as industrial output
State-backed platform aims to bypass SWIFT, targeting $10 billion in revenue from Gulf shipping insurance settlements in cryptocurrencies. Iran has launched Hormuz Safe, a digital maritime insurance platform for vessels in the Persian Gulf and Strait of Hormuz, allowing se
The Australian Dollar weakens as economic indicators from China weigh on investor sentiment and demand for the currency. The Australian Dollar declined for a third straight session, trading at 0.7130 against the USD in Asian hours on Monday. The move follows weaker-than-ex
NZD/USD trades near 0.5830 The New Zealand Dollar faces selling pressure due to weak Chinese economic data. The NZD/USD pair is in negative territory during Asian trading hours. The pair holds losses below 0.5850.
Weaker-than-expected Chinese retail sales and industrial production weigh on the Kiwi, while Fed rate hike bets rise. The NZD/USD pair fell to around 0.5830 in Asian trading, pressured by disappointing Chinese economic data. China’s April retail sales grew just 0.2% year-o
Beijing commits to buying $17 billion in U.S. agricultural goods annually, including soybeans, while addressing rare earth supply concerns. China has agreed to purchase at least $17 billion of U.S. agricultural products annually through 2028, the White House announced. The
Weaker-than-expected retail sales and industrial output growth in China weigh on market sentiment and AUD performance. China’s retail sales grew 0.2% year-over-year in April, missing the 2.0% forecast and slowing from March’s 1.7% gain. Industrial production rose 4.1%, bel
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