The Wall Street Journal Editorial Board has warned that the recent 15% tariff agreement with Japan could carry long-term strategic costs in the form of rising prices and mounting pressure on consumer and business sentiment.
The US dollar steadied after three days of losses, as markets assessed the newly announced trade agreement with Japan, which involves a 15% tariff on exports.
The Mexican peso demonstrated remarkable resilience amid negative signals from the industrial sector, but faces considerable challenges in the near-term, especially from U.S. economic uncertainties.
Wetherspoons sales growth slowed slightly in the second quarter but still remained solid with robust trading over the key Christmas period. It's a delicate balance.
Exxon and Chevron are sticking to their core oil and gas strategy while getting bigger in some of the best assets globally. The near-term outlook for oil and gas feels soft, especially with OPEC poised to move more barrels onto the market.
Gold prices have remained strong following yesterday's rally to record highs, amid increasing expectations for more monetary easing and declining consumer confidence in the U.S.
