Latest Finance-Economy News
Oil Prices Surge Above $100 per Barrel
Brent crude topped $100 amid new Middle East conflict damaging oil facilities and halting 90% of Strait of Hormuz shipping. UAE and Kuwait cut production due to full storage; global markets see biggest sell-off since 'Liberation Day'.
This fuels higher Treasury yields, with 3-year jumping to 2011 highs.
Global Stocks Slump on Energy Shock
Stocks tumble worldwide, futures drop as oil surge pushes yields higher; Japan stocks under watch. Bond markets react with 3-year contracts falling amid supply fears.
Traders eye Fed sidelined, ECB hikes possible.
Middle East Conflict Disrupts Global Energy
New conflict stops oil/gas facilities, slashes Hormuz traffic 90%; takers avoid strait, storage fills. IMF warns every 10% oil rise adds 40bp to global inflation, cuts output 0.1-0.2%.
Asia energy security rises in concerns.
IMF Assesses Oil Shock Impacts
IMF analyzes conflict's effects on members, upcoming World Economic Outlook to detail. Urges financial buffers for firms/governments to absorb shocks like profit margin compression.
Highlights Asia regional trade to boost GDP 1.8% long-term.
US Inflation Data Looms Large This Week
PCE inflation (Fri) projected at 2.8% y/y Jan, CPI (Wed) steady ~2.4-2.5%; could sway Fed amid oil storm. PCE stuck near 3%, now pivotal with Middle East risks.
JOLTS, claims to signal labor cooling.
Japan Labor Cash Earnings Beat Expectations
Year-on-year 3% gain exceeds 2.4% forecast, driven by winter bonuses, corporate profits. Central bank nimble on policy post-below-target inflation.
GDP data this week to check Trump tariff effects.
Treasury Yields Spike on Oil Rally
3-year yield hits high since 2011; global yields trend up, futures down. Bond markets on edge pre-US CPI/PCE amid fast-changing dynamics.
ECB faces hike pressure.
Canada Faces Looming Transport Strikes Risk
Tens of thousands in railways, ports, airlines near contract expiry; could halt $1B+ daily goods. Trade 2/3 GDP vulnerable vs US safeguards; ad hoc laws fail.
Past BC port strike cost $800M/day.
Global Data Week: Tariffs, Inflation Checks
Eurozone IP, Japan GDP, Canada trade test Trump tariffs; China/India/Brazil/Mexico inflation updates. OPEC/IEA reports on Gulf energy shocks key movers.
Trade uncertainty weighs on provinces.
PNG Bank Projects 4% Inflation in 2026
Headline ~4%, core 2.5-3% medium-term amid global pressures. Reflects broader emerging market inflation watches this week.
Firms Trim Expansion Amid Private Credit Woes
Companies scale back large plans; private credit issues rise with oil/market turmoil. Exporters/importers compress margins on tariffs, per IMF.
Canada funds aid tariff-hit workers.