Trump Administration Wants Autos Under USMCA to Be at Least 50% Made in the US - WSJ
The Trump administration is drafting a proposal to tighten USMCA automotive rules of origin, requiring at least 50% of a vehicle’s components to be sourced from the United States to qualify for preferential tariffs. Under the current pact, vehicles need 75% North American content but no specific U.S. share. The change aims to spur reshoring, create jobs, and shift supply chains, but analysts warn it could raise costs and disrupt the integrated North American production network. The proposal is being discussed ahead of the USMCA’s six‑year review.
Major US Stock Indices Extend Gains to New Record Highs on US-Iran Deal Optimism
U.S. equity indexes pushed to fresh all‑time highs as investors cheered news of a 60‑day US‑Iran memorandum extending the cease‑fire and opening nuclear talks. The S&P 500 rose 0.44% and the Nasdaq added 0.58% following the Axios report, while market focus...
Fed's Paulson Says Healthy for Markets to Shift to Tighter Monetary Policy Outlook
Fed Governor Lisa Paulson said the central bank’s policy is now mildly restrictive and well‑positioned to bring inflation back toward target. She noted that inflation remains too high despite a slowdown in economic activity and that the labor market remains...
Fed's Bowman Says Progress on Lowering Inflation Has Stalled
Federal Reserve Governor Michelle Bowman said the Fed can look through a temporary energy‑price shock from the Middle East conflict as long as it maintains credibility on monetary policy. She noted that progress in lowering inflation has stalled, raising concerns...
US April Wholesale Inventories +0.5% vs +0.8% Expected
U.S. wholesale inventories rose 0.5% in April, falling short of the 0.8% increase economists expected and down from a 1.3% gain in March. The data comes from the Census Bureau’s Monthly Wholesale Trade Survey, which samples about 4,200 merchant‑wholesaler firms....
US April Advanced Goods Trade Balance -$82.40 Billion vs -$86.50 Billion Expected
The United States posted an advanced goods trade deficit of $82.4 billion in April, beating analysts’ expectation of $86.5 billion and improving from the prior estimate of $87.45 billion. Goods exports rose to $219.7 billion, up $8.5 billion from March, while imports increased to $302.1 billion,...
Canada Q1 GDP -0.1% vs +1.5% Expected
Canada’s real GDP showed no growth in Q1 2026, missing the 1.5% expansion forecast and marking a flat quarter after a 0.2% decline in Q4 2025. The stagnation stemmed from higher imports—particularly gold—offsetting inventory accumulation, while reduced business and government...
Bitcoin Analysis Today: BTC Tries to Turn the 72,900 Flush Into a Bullish Pivot
Bitcoin futures slipped to a low of about $72,900 before snapping back above the 73,145 and 73,350 high‑volume zones. The rebound is viewed as a tactical repair, but the market remains neutral until price sustains above the VWAP‑aligned 73,750 level....
ECB Policymaker Stournaras Confirms a Rate Hike in June Is the Most Likely Development
Greek central bank governor Yannis Stournaras told Kathimerini that a June European Central Bank rate hike is now the most likely outcome, marking a notable shift from his traditionally dovish stance. He emphasized that the move aims to curb second‑round...
Gold Continues to Slide Amid Lack of US-Iran Breakthrough and Hawkish Fed Risks
Gold slipped to a new two‑month low, hovering around $1,945 per ounce, as the anticipated US‑Iran diplomatic breakthrough failed to materialize and Federal Reserve officials grew increasingly hawkish. The lack of a cease‑fire and the continued closure of the Strait...
What Are the Main Events for Today?
The European session will feature low‑impact data such as French PPI and Spanish retail sales, leaving the ECB’s policy outlook unchanged. Market consensus expects the ECB to deliver a modest “insurance” rate hike in June before pausing through September. In...
RBNZ Gov Breman Says All Policy Setters Agree on Hikes, but Not on Timing
RBNZ Governor Anna Breman announced that the Reserve Bank kept the official cash rate at 2.25% after a razor‑thin 3‑3 committee split, using her casting vote to hold. She said the ongoing Middle East conflict was the immediate trigger for...
BOJ Signals Loose Conditions Persist as Ueda Lays Groundwork for Rate Hike Ahead
Bank of Japan officials signaled that Japan’s financial conditions remain accommodative, even as long‑term yields rise. Director‑General Akio Okuno told parliament that negative real rates, strong corporate profits and modestly improving labor markets support further policy normalisation. Governor Kazuo Ueda...
Australia April CPI Slows to 4.2% but Core Inflation Creeps to Highest Since 2024
Australia’s consumer price index eased to a 4.2% annual rise in April, missing the 4.4% consensus as a temporary fuel excise cut pulled down transport costs. The trimmed‑mean core inflation gauge, however, ticked up to 3.4% year‑over‑year, the highest level...
RBNZ Leaves Its Cash Rate on Hold at 2.25%, as Widely Expected
The Reserve Bank of New Zealand (RBNZ) left its Official Cash Rate unchanged at 2.25% after a split 3‑3 vote, with the governor casting the deciding vote. The decision aligned with a near‑unanimous expectation among economists that the bank would...