Morning Economic Report 5-16-25

Fairly quiet Friday docket and little tariff talks sees bourses contained but with a positive bias. Slower US Retail Sales and PPI now sees 2 FED cuts being priced in for 2025 which skids the USD and favours bourses although tech has been bothered by META issues on AI. Tariff concerns blamed for Japan's real GDP fall, a reading of -0.7% in Q1 v -0.2% call is registered. DAX +0.79%, CAC +0.73%, FTSE +0.50%, Euro STOXX600 +0.63%. Lower US Retail Sales and PPI sees increased pricing for FED cut and USD dips, DXY 100.75. Gold 3210. BTC $103,794.