Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Trump Questions USMCA Renewal as Trade Talks Continue 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Gold Tumbles Below $4,400 on NFP Shock: Fed Easing Bets Crater, Sell on Rallies to $4,300 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
J.P. Morgan Sees Major Upside for Prysmian as Optical Fiber Prices Surge 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Caixin China General Services PMI for February 2025 was recorded at 51.4, a slight increase from the previous month's reading of 51.018. This reflects a modest growth in China's service sector, with a more rapid recovery in demand, including export orders. Growth in new business and export orders helped push up the first rise in employment in three months as service firms met increased workloads1. Despite continued trade tensions, business confidence hit a three-month high as firms anticipated better demand and made further sales-supporting measures1.
Some of the highlights of the February Caixin Services PMI are as follows:
PMI Reading: 51.4, up from 51.0 in January.
Drivers of Expansion: New orders and export orders.
Employment: First rise in three months because of increased work volumes.
Input Costs: Fell for the first time since June 2020, resulting in lower selling prices.
Business Outlook: Optimism hit a three-month high as expectations of more robust demand fueled it.
