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5 March 2025
Howard Lutnick confronted Ontario Premier Doug Ford, who defiantly refused to relent after the call

Lutnick and Ford clashed over trade tensions, with Lutnick criticizing Trudeau’s remarks as “very dumb.”

5 March 2025
The Bank of Japan’s Deputy Governor Uchida indicated policy adjustments may occur if predictions are realised

BoJ may adjust policy; interest rates monitored; wages and consumption rising; economy recovering; JGB purchases possible.

5 March 2025
The IRS intends to reduce its workforce by up to 50% through layoffs and buyouts

The IRS plans to cut its workforce by 50% through layoffs, attrition, and buyouts, sources report anonymously.

5 March 2025
Unexpectedly, China’s Services PMI rose to 51.4 in February, surpassing January’s 51 and predictions

China’s Services PMI rose to 51.4, impacting Australia’s economy, Iron Ore prices, trade balance, and the AUD.

5 March 2025
The euro’s recent strength boosts EUR/USD to its highest level since early December amidst US policy confusion

The euro strengthens as US equities struggle, pushing EUR/USD to its highest level since December 6.

5 March 2025
Trump’s speech is anticipated later, amidst conflicting speculation about tariffs and the fentanyl emergency.

Conflicting views exist on tariff rollbacks amid the fentanyl crisis, with Trump set to speak soon.

5 March 2025
The Australian Dollar continues to rise for a third session after the release of Q4 GDP data.

Australian Dollar strengthens as US economy slows; Australia’s GDP, Retail Sales rise, while consumer confidence declines. Trade dynamics crucial.

5 March 2025
February’s Australian services PMI fell to 50.8, with manufacturing orders rising after two years.

Australia’s Services PMI fell, Composite PMI declined, manufacturing PMI rose, business confidence stayed high, and inflation eased.

5 March 2025
The Finance Ministry of China announced plans to enhance fiscal spending and implement effective policies in 2025.

China plans to enhance fiscal spending, address external pressures, boost economic recovery, and improve its fiscal structure.

5 March 2025
The Finance Ministry of China announced plans for increased fiscal expenditure and enhanced policies in 2025.

China plans increased fiscal spending in 2025 amid external challenges, weak demand, and trade uncertainty, ensuring stability.

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