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ANZ Bank Cuts Australia's Economic Growth Forecast, Banks Face Key TestsANZ Bank Cuts Australia's Economic Growth Forecast, Banks Face Key Tests

ANZ Bank Cuts Australia's Economic Growth Forecast, Banks Face Key Tests

On May 5, the ANZ Bank lowered its economic growth forecast for Australia in 2025 to 2.0%. The main reasons are the slowdown in global demand and geopolitical risks weighing on exports. With the growth rate of CPI in the first quarter falling, the market expects that the Reserve Bank of Australia (RBA) may cut interest rates by 25 basis points ahead of schedule this month,
ESA Assesses Impact of US Budget Proposal; Europe Faces Energy ChallengesESA Assesses Impact of US Budget Proposal; Europe Faces Energy Challenges

ESA Assesses Impact of US Budget Proposal; Europe Faces Energy Challenges

The European Space Agency (ESA) is urgently evaluating the impact of the US 2025 fiscal year budget proposal on the joint lunar exploration program. The proposal plans to phase out the SLS rocket and the Orion spacecraft, which contains key modules of Airbus, a European company, and cancel the construction of the "Lunar Gateway" orbital station, which includes components contracted by Thales of France and Italy.
Canadian Economy Faces Double Pressure: April PMI Below Boom - Bust Line, Soft Housing Market and Tariff ShockCanadian Economy Faces Double Pressure: April PMI Below Boom - Bust Line, Soft Housing Market and Tariff Shock

Canadian Economy Faces Double Pressure: April PMI Below Boom - Bust Line, Soft Housing Market and Tariff Shock

Canada's economic momentum slowed significantly in April. The Ivey Purchasing Managers' Index (PMI) plummeted from 51.3 in March to 47.9, falling below the boom - bust line for the first time since January. The employment sub - index has contracted for two consecutive months (48.0), and the cost pressure on enterprises has eased slightly (price - payment index 70.0). Meanwhile, the housing market in Toronto is also cooling down.
UK Stocks Focus on Central Bank Policies: FTSE 100 Slightly Down 0.2% with Precious Metals Sector Leading the WayUK Stocks Focus on Central Bank Policies: FTSE 100 Slightly Down 0.2% with Precious Metals Sector Leading the Way

UK Stocks Focus on Central Bank Policies: FTSE 100 Slightly Down 0.2% with Precious Metals Sector Leading the Way

On May 6, the UK's FTSE 100 index closed 0.2% lower at 8,143 points. Investors remained cautious ahead of the interest rate decisions of the Federal Reserve and the Bank of England. The mid - cap index, however, bucked the trend and rose 0.6%, achieving a nine - day winning streak. The precious metals sector soared 5.5% boosted by the gold price. Endeavour Mining (+5.2%) and Fresnillo (+4.7%) led the gains among the blue - chip stocks.

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