AI Memory Boom Sparks Global Chip Supply Crunch 
Wall Street Slides as AI Stocks Tumble Following South Korea Tech Sell-Off 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
Today’s space race could turn fatal if we don’t agree on new rules 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
Oil Prices Slip as Iran Sanctions Relief and Hormuz Shipping Recovery Ease Supply Concerns 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
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.
