Asia has entered its busiest week of the current earnings season, a crucial time for investors looking for clues on how companies are coping with ongoing trade tensions and economic uncertainty https://t.co/tam081SkPn ...

We are now in the second-longest government shutdown era, and its impact can be felt in growing dissatisfaction among furloughed workers, economic instability in regional banks, and increasing uncertainty over back pay. Meanwhile, the stock market remains largely unaffected, and once again, on Friday, it closed at its highest level. The S&P 500 advanced 1.9% this week, with positive earnings at the core. The Nasdaq Composite rose 2.3% over the week, while the Dow Jones Industrial Average, which gained 4 ...

Jeff Freeman is the president and the CEO of US travel. We have seen this to be the outsized um impact of whatever tensions are going between countries. We've seen a decline in some of the other inbound travel, Jeff, but it's been really marked from Canada.Why do you think that is. >> Vanessa, it's good to be with you again. There's no doubt that Canada has been the largest source of the decline in travel to the United States.We're down 23% uh year-over-year on Canadian visitation. Uh and the situation is d ...

After six months of trade tensions, China is breathing more easily than America. We explain three reasons why, and what could still go wrong https://t.co/BXbXun3I8e ...

Trade tensions remain a key focus for India markets, with senior executives at refiners warning that flows of Russian oil will likely fall to near zero following US sanctions.Read what could move markets today for free with your email. https://t.co/L3ggDlbT5x ...

Trade tensions remain a key focus for India markets, with senior executives at refiners warning that flows of Russian oil will likely fall to near zero following US sanctions. Read what could move markets today for free with your email. https://t.co/zY8OKBi1wR ...

Core Insights - Adelayde Exploration Inc. has successfully closed an acquisition of the Sisson NW Tungsten Project, which consists of 89 claims over approximately 4,890 contiguous acres in New Brunswick, adjacent to Northcliff Resources Ltd.'s Sisson Tungsten Mine [1][2] Company Developments - The acquisition allows Adelayde to expand its footprint to a total of 9,780 acres prospective for tungsten, coinciding with rising global demand for critical metals amid trade tensions between the USA and China [2] - The company plans to initiate work plans for the Sisson Tungsten and George Lake South Antimony projects, along with a maiden drill program on the Esmeralda County gold project in Nevada in 2025 [2] Financial Terms of Acquisition - Under the option agreement, Adelayde will earn a 100% interest in the Sisson NW Tungsten Project by issuing 6,000,000 common shares at a deemed price of $0.11 per share and making a cash payment of $5,000 [2] - The payment structure includes an immediate payment of $5,000 and the issuance of 4,500,000 shares, followed by an additional 1,500,000 shares after incurring a minimum of $200,000 in exploration expenditures within 18 months [2] Industry Context - The global supply of tungsten and antimony is tight, with China producing approximately 80-90% of each, while demand is increasing for applications in electronics, defense, and energy technologies [2] - The strategic stockpiling and supply risks are contributing to higher prices for these critical metals as Western nations seek alternative sources [2]

Core Viewpoint - U.S. stock futures are experiencing mixed movements due to heightened trade tensions following Trump's threat of new restrictions on software products against China [1] Group 1 - The announcement has led to increased uncertainty in the market, impacting investor sentiment [1] - Companies involved in software and technology sectors may face potential regulatory challenges as a result of these threats [1] - The situation could lead to further escalation in U.S.-China trade relations, affecting global supply chains [1]

Summary of Key Points from the Conference Call Industry Overview - The focus is on the **Asia Pacific** region, particularly the economic impacts of **China's deflationary pressures** on other Asian economies. Core Insights and Arguments 1. **China's Deflationary Environment**: - China's economy has been experiencing deflation for 10 consecutive quarters, with a GDP deflator of -1.0% as of Q3 2025, indicating persistent deflationary pressures [2][4][44]. - The non-commodity Producer Price Index (PPI) in Asia excluding China is also declining, influenced by China's trade surpluses and excess capacity [1][10]. 2. **Impact on Asia Ex China**: - The report identifies **Thailand, Malaysia, and Korea** as the most exposed economies to China's deflationary pressures, while **Australia and Japan** are the least exposed [3][76][80]. - The PPI for Thailand is at -1.2%, Malaysia at -5.0%, and Korea at 0.7%, indicating varying levels of exposure to deflation [76]. 3. **Central Banks' Response**: - Central banks in Asia are likely to continue easing monetary policy, as inflation is within or below comfort zones for eight out of ten economies in the region [5]. 4. **Trade Dynamics**: - China's trade surplus has increased significantly, from **US$890 billion** in September 2024 to **US$1,174 billion** currently, with exports to the US declining by **27%** year-on-year [56][62]. - The share of Asia ex China in China's exports has risen from **39%** to **41%** [10]. 5. **Sectoral Analysis**: - Sectors most affected by China's deflation include **motor vehicles, electronics, and battery manufacturing**. These sectors are experiencing significant pricing pressures due to competitive dynamics with China [67][70]. - The report highlights that **13 out of 14 non-commodity manufacturing sectors** in China are seeing price declines, with pharmaceuticals and automotive sectors being particularly impacted [47][52]. Additional Important Insights 1. **Risks to the Economic Outlook**: - Potential risks include stronger global growth or intensified anti-involution efforts in China, which could alter the current deflationary trajectory [6]. 2. **Framework for Assessment**: - A scorecard approach is introduced to assess the exposure of Asian economies to China's deflation, considering factors like PPI weight, correlation with China's PPI, and export similarity [3][75]. 3. **Long-term Implications**: - Without significant stimulus to boost demand, achieving a sustained exit from deflation in China remains challenging, which will continue to affect the broader Asian economic landscape [4][43]. 4. **Sector-Specific Pricing Trends**: - Pricing trends in key sectors such as **autos and batteries** remain weak, with significant price declines noted in recent months [52][54]. 5. **Comparative Analysis of Economies**: - Japan and Australia show resilience with positive PPI growth, indicating lower exposure to deflationary pressures compared to their Asian counterparts [80][81]. This summary encapsulates the critical insights from the conference call, highlighting the interconnectedness of China's economic conditions and their implications for the broader Asia Pacific region.

Market Overview - The Dow Jones Industrial Average rose 0.1% to 46,757.20, while the S&P 500 slipped 0.1% to 6,731.14 and the Nasdaq Composite declined 0.3% to 22,933.67 [2][4] - Tech giants, including Alphabet, saw a decline, with Alphabet dropping 1.3% from its record high, becoming the heaviest drag on the S&P 500 [3][4] Company Performance - General Motors (GM) surged 10.2% after reporting quarterly results that surpassed analyst expectations and raised its full-year financial forecasts [2][4] - CEO Mary Barra indicated that GM is taking steps to curb losses in its electric vehicle business by 2026, acknowledging slower-than-expected EV adoption [2][4] - Halliburton and Danaher both climbed over 8% after reporting stronger-than-expected profits [2][4] - Coca-Cola rose 3.4% and GE Aerospace advanced 4.2% on positive earnings reports [2][4] - Warner Bros. Discovery shares jumped 10.6% as the company considers a sale of all or part of its business due to unsolicited interest [2][4] Market Sentiment - Analyst Patrick O'Hare noted that earnings news for the September quarter continues to be better than expected, with generally reassuring guidance [3][4] - CFRA Research's Sam Stovall highlighted investor concerns regarding stretched valuations amid strong year-to-date gains [5] International Markets - Markets in Europe and Asia were broadly higher, with Japan's Nikkei 225 rising 0.3% and Shanghai gaining 1.4% [5] - Hong Kong rose 0.7% amid hopes for a meeting between President Donald Trump and Chinese President Xi Jinping to ease trade tensions [5] Bond Market - The yield on the 10-year Treasury fell to 3.95% from 4.00% [5]