Economy

Argentina Strikes $20 Billion IMF Deal as Milei Cements Peso Convertibility Ambition

Argentina and the International Monetary Fund reached a staff-level agreement on a fresh $20 billion Extended Fund Facility, with President Javier Milei's government committing to a roadmap that would lift remaining capital controls by Q4 2026 and re-establish full peso convertibility for the first time since 2019.

Robert Hayes•4/29/2026

europe-marketseconomy

UK 30-Year Gilt Yield Hits 5.20% as Reeves Pre-Budget Spending Plans Unsettle Bond Vigilantes

The yield on the UK 30-year gilt climbed to 5.20% on Wednesday, the highest since the September 2022 mini-budget crisis, as Chancellor Rachel Reeves' pre-Spring Statement spending blueprint heightened bond-market scrutiny of UK fiscal headroom and pushed sterling to $1.224.

Alex Rivera•4/29/2026

asia-marketseconomy

South Korea Q1 GDP Beats at 1.3% as Samsung HBM Memory Sales Power Export Recovery

South Korea's economy expanded 1.3% in the first quarter, well above the 0.9% consensus, as semiconductor exports led by Samsung's high-bandwidth memory shipments to AI customers reaccelerated and the won strengthened to 1,358 per dollar despite a strong dollar backdrop.

Robert Hayes•4/29/2026

us-marketseconomy

ADP Private Payrolls Surprise at 142,000, Cooling Soft-Landing Fears Before FOMC

U.S. private employers added 142,000 jobs in April, materially above the 113,000 consensus, as ADP's payroll data delivered a steadier reading on the labor market just hours before the FOMC decision and pushed back against narratives of an imminent slowdown.

Sarah Chen•4/29/2026

asia-marketseconomy

China Manufacturing PMI Slides to 49.4 as Tariff Headwinds and Weak Property Bite

China's official manufacturing PMI fell to 49.4 in April from 50.5 in March, slipping back below the 50 expansion threshold for the first time in three months, as ongoing U.S. tariff pressure and a renewed property-sector slowdown weighed on factory activity heading into peak season.

Jennifer Walsh•4/29/2026

europe-marketseconomy

European Markets Wave Through ECB's 2.25% Deposit Rate as Lagarde Hints at Pause

European Central Bank President Christine Lagarde guided markets toward a likely June pause after Wednesday's 25 basis-point cut to a 2.25% deposit rate, with the Stoxx Europe 600 hitting a fresh record as investors weighed slower disinflation against still-soft euro-zone activity.

Robert Hayes•4/29/2026

forexeconomy

Yen Slides to 159.78 as Hawkish Fed Pairs With BoJ Caution to Pressure Tokyo

The Japanese yen weakened to 159.78 per dollar after Wednesday's Federal Reserve decision, extending its losses against major currencies as the U.S.-Japan rate differential widened and Tokyo CPI data Friday loomed as the next critical input for Bank of Japan tightening expectations.

David Kim•4/29/2026

us-marketseconomy

Q1 GDP Surprises at 2.6% as Iran-War Capex and AI Build-Out Power Investment

The U.S. economy expanded at a 2.6% annualized rate in the first quarter, comfortably exceeding the 1.9% consensus, as a surge in nonresidential fixed investment driven by AI infrastructure and energy security capex offset the drag from elevated oil prices and softer consumer spending.

James Mitchell•4/29/2026

Trending Now

Target and Costco Advance as Consumer Names Defy the Energy Cost Shock

us-marketsfinance

Homebuilders Stay Flat Despite Bond Rally as Affordability Concerns Override Lower Long Yields

us-marketseconomy

Bitcoin Dominance Hits 58.6% as Total Crypto Market Cap Falls on a Rising Bitcoin

cryptotech

Airlines Slip as Jet Fuel Costs Climb With Crude Above $102

us-marketsfinance

Euro Falls to $1.1554 as Rate Differentials Swing Back Toward the Dollar

forexeconomy

Eli Lilly Leads Healthcare Higher as Investors Seek Shelter From Cyclical Exposure

us-marketsfinance

Defense Contractors Firm as Oil Spike Revives Geopolitical Risk Premium

us-marketspolitics

Copper Slides 2.6% and Caterpillar Drops 3.9% in a Warning on Global Industrial Demand

commoditieseconomy

Argentina Strikes $20 Billion IMF Deal as Milei Cements Peso Convertibility Ambition

UK 30-Year Gilt Yield Hits 5.20% as Reeves Pre-Budget Spending Plans Unsettle Bond Vigilantes

South Korea Q1 GDP Beats at 1.3% as Samsung HBM Memory Sales Power Export Recovery

ADP Private Payrolls Surprise at 142,000, Cooling Soft-Landing Fears Before FOMC

China Manufacturing PMI Slides to 49.4 as Tariff Headwinds and Weak Property Bite

European Markets Wave Through ECB's 2.25% Deposit Rate as Lagarde Hints at Pause

Yen Slides to 159.78 as Hawkish Fed Pairs With BoJ Caution to Pressure Tokyo

Q1 GDP Surprises at 2.6% as Iran-War Capex and AI Build-Out Power Investment

Trending Now

Target and Costco Advance as Consumer Names Defy the Energy Cost Shock

Homebuilders Stay Flat Despite Bond Rally as Affordability Concerns Override Lower Long Yields

Bitcoin Dominance Hits 58.6% as Total Crypto Market Cap Falls on a Rising Bitcoin

Airlines Slip as Jet Fuel Costs Climb With Crude Above $102

Euro Falls to $1.1554 as Rate Differentials Swing Back Toward the Dollar

Eli Lilly Leads Healthcare Higher as Investors Seek Shelter From Cyclical Exposure

Defense Contractors Firm as Oil Spike Revives Geopolitical Risk Premium

Copper Slides 2.6% and Caterpillar Drops 3.9% in a Warning on Global Industrial Demand

Market Movers