Live, rolling coverage of business, economics and financial markets as 2025 starts with trepidation over new US administration’s trade policies
Good morning and happy new year! Welcome to our first business live blog of 2025, covering business, economics and financial markets as ever.
It’s a new year, but likely a familiar feeling for many as investors and executives around the world contemplate the impending start of another term in the White House for Donald Trump.
Exports dragged on demand amid mounting uncertainties stemming from the overseas economic environment and global trade. The corresponding indicator was in contractionary territory for the fourth time in the past five months.
Business optimism weakened. Concerns among surveyed companies focused on the economic recovery outlook and the trade conflict between China and the US. Future output expectations continued to grow, but the gauge dropped by more than three points from November.
9am GMT: Eurozone manufacturing purchasing managers’ index (PMI) (December final reading; previous: 45.2 points; consensus: 45.2 points)
9:30am GMT: UK manufacturing PMI (December final reading; prev.: 48; consensus: 47.3)
1:30pm GMT: US initial jobless claims (week ending 28 December; prev.: 219,000; cons.: 224,000)
2:45pm GMT: US manufacturing PMI (December final reading; prev.: 49.7; consensus: 48.3)
Continue reading…Live, rolling coverage of business, economics and financial markets as 2025 starts with trepidation over new US administration’s trade policiesGood morning and happy new year! Welcome to our first business live blog of 2025, covering business, economics and financial markets as ever.It’s a new year, but likely a familiar feeling for many as investors and executives around the world contemplate the impending start of another term in the White House for Donald Trump.Exports dragged on demand amid mounting uncertainties stemming from the overseas economic environment and global trade. The corresponding indicator was in contractionary territory for the fourth time in the past five months.Business optimism weakened. Concerns among surveyed companies focused on the economic recovery outlook and the trade conflict between China and the US. Future output expectations continued to grow, but the gauge dropped by more than three points from November.9am GMT: Eurozone manufacturing purchasing managers’ index (PMI) (December final reading; previous: 45.2 points; consensus: 45.2 points)9:30am GMT: UK manufacturing PMI (December final reading; prev.: 48; consensus: 47.3)1:30pm GMT: US initial jobless claims (week ending 28 December; prev.: 219,000; cons.: 224,000)2:45pm GMT: US manufacturing PMI (December final reading; prev.: 49.7; consensus: 48.3) Continue reading…
