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The unemployment rate held steady at 4.1% as the participation rate rose to 67.1%. Crude oil remained flat at $61.31, while gold fell 2.76% to $3,235. Key upcoming economic events include the RBA interest rate meeting on May 20 and the US S&P Flash PMI on May 22. In the UK, inflation slowed to 2.6%, prompting a 25 bp rate cut by the Bank of England. Japan's inflation eased slightly to 3.6%, but persistent pressures may complicate the Bank of Japan's policy decisions.
U.S. regulators are set to relax capital requirements for major banks, a move that aligns with the industry's long-standing push for reduced restrictions. This proposal, expected next month from the Federal Reserve and other agencies, aims to simplify post-crisis financial regulations by easing certain loss-absorption buffers for the largest banks.
Deutsche Bank has sought approval from the European Central Bank to initiate a share buyback in the second half of 2025, as announced by CEO Christian Sewing. This announcement is set to be delivered at the bank's upcoming annual shareholder meeting.
The Australia 200 index is experiencing a seven-day rally, currently trading at 8298, buoyed by a strong jobs report showing 89,000 new jobs in April. The unemployment rate remains stable at 4.1%, prompting expectations of a 25 basis point rate cut by the Reserve Bank of Australia next week. Consumer-facing and bank stocks have gained, while technology stocks continue their upward trend, despite a decline in gold stocks due to falling bullion prices.
UBS forecasts Swiss GDP growth of 1% in 2025 and 1.2% in 2026, driven by a resilient domestic economy despite challenges from U.S. trade policies impacting exports. Inflation is expected to remain low at 0.2% in 2025, with a potential rate cut by the Swiss National Bank to stimulate growth.
UBS forecasts Swiss GDP growth of 1% in 2025 and 1.2% in 2026, driven by a resilient domestic economy despite challenges from US trade policy impacting exports and investments. Inflation is expected to remain low at 0.2% in 2025, rising slightly to 0.5% in 2026, prompting the Swiss National Bank to consider a rate cut to stimulate economic activity. However, substantial economic risks persist, particularly if tariffs lead to a global recession.
UBS forecasts Swiss GDP growth of 1% in 2025 and 1.2% in 2026, driven by a resilient domestic economy despite challenges from U.S. trade policies impacting exports. Inflation is expected to remain low at 0.2% in 2025, with a potential interest rate cut by the Swiss National Bank to stimulate growth.
Former Credit Suisse executives will retain their bonuses despite ongoing scrutiny. Meanwhile, Friends of the Earth has initiated legal action against Shell to halt its plans for increased fossil fuel production post-2030, citing potential violations of Dutch law regarding climate commitments. In economic news, US inflation has slowed to 2.3% year-on-year, influenced by falling fuel prices, while Switzerland's GDP growth is projected at 1.0% for 2025, driven by domestic demand amid global trade uncertainties.
UBS forecasts that credit quality trends will be a key focus for Canadian banks in the second quarter. The Royal Bank of Canada operates internationally, providing a wide range of services including personal and commercial banking, wealth management, capital markets, and insurance solutions. Its offerings span various regions, including Canada, the Caribbean, and the United States.
US inflation slightly decreased from 2.4% to 2.3% in April, with core inflation remaining steady at 2.8%. Price increases for goods were minimal, and declines in food, petrol, and airline ticket prices contributed to the overall moderation. The Federal Reserve is likely to maintain current interest rates, anticipating potential future cuts if the economy cools further.
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global inflation trends and economic outlook amid trade uncertainties
08:07 16.05.2025
us regulators plan to ease capital rules for major banks
19:52 15.05.2025
Deutsche Bank seeks ECB approval for share buyback in 2025
19:32 15.05.2025
Australia 200 rallies on strong jobs data amid rate cut expectations
Newmont Corporation
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07:56 15.05.2025
ubs forecasts modest swiss gdp growth amid global economic challenges
10:46 14.05.2025
ubs forecasts modest swiss gdp growth amid global economic challenges
10:46 14.05.2025
ubs forecasts modest swiss gdp growth amid global economic challenges
10:46 14.05.2025
credit suisse executives retain bonuses amid ongoing economic challenges
21:41 13.05.2025
canadian banks focus on credit quality trends in second quarter forecast
18:02 13.05.2025
us inflation eases slightly as core prices show limited increase
15:40 13.05.2025
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