US consumers is set for its steepest drop since the pandemic as shoppers — particularly Gen Z — pull back amid economic uncertainty, a PricewaterhouseCoopers survey showed.
Thailand’s economic growth next year is looking increasingly at risk amid a possible delay in the budget because of the country’s political deadlock, according to outgoing central bank Governor Sethaput Suthiwartnarueput.
Oil prices eased in Asia on Wednesday but held near one-month highs on the back of new US sanctions on a network of shipping companies and vessels, while traders looked ahead to an OPEC+ meeting over the weekend.
China's manufacturing activity shrank for a fifth straight month in August, an official survey showed on Sunday, suggesting producers are waiting for further clarity on a trade deal with the U.S. while domestic demand remains sluggish.
The official purchasing managers' index (PMI) rose to 49.4 in August versus 49.3 in July, remaining below the 50-mark separating growth from contraction and missing a median forecast of 49.5 in a Reuters poll.
Source : Reuters
Oil prices rose on Tuesday as concerns about supply disruptions grew amid an escalation of the conflict between Russia and Ukraine, and as the market weighed whether upcoming U.S. jobs data would lead to interest rate cuts.
Asian stocks were a mixed bag on Tuesday as uncertainty over U.S. trade tariffs and interest rate cuts kept investors to the sidelines, while Chinese markets fell from recent peaks following mixed data for August.