U.S. economy weakens with negative Q1 GDP, falling job openings, mixed manufacturing data

From Investing.com: 2025-05-07 09:20:00

In the past week, the U.S. economy showed signs of weakening momentum, with negative Q1 GDP, falling job openings, and mixed manufacturing data. Political pressure on the Fed added to market uncertainty. Eurozone inflation rose, GDP surprised to the upside, and trade negotiations with the U.S. continued but remained fragile. The Canadian economy contracted in February, with industrial sectors leading the decline. Global trade tensions eased slightly, with China offering tariff exemptions and Europe pursuing negotiations. ABCG Research maintains a bearish view on the U.S. dollar and a bullish bias on EUR/USD.

The U.S. economy faced uncertainty with negative Q1 GDP, falling job openings, and mixed manufacturing data, alongside political pressure on the Fed. Eurozone inflation rose, GDP exceeded expectations, and trade talks with the U.S. continued cautiously. Canada’s economy contracted in February, primarily in industrial sectors. Global trade tensions slightly eased, with China offering tariff exemptions and Europe engaging in negotiations. ABCG Research holds a bearish stance on the U.S. dollar and a bullish outlook on EUR/USD.



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