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Fiscal slippage keeps bearish bias – Societe Generale

Societe Generale analysts Kunal Kundu and Galvin Chia say Indonesia’s early‑2026 fiscal deterioration is driven by front‑loaded expenditure, with the primary balance already in deficit and raising financing needs. They argue this mainly reinforces existing concerns rather than creating a new shock for FX, and they keep a bearish stance…

Trump’s crypto capital push advances as CLARITY Act nears Senate markup

Momentum is building behind President Donald Trump’s push to make the U.S. the “crypto capital of the world,” as lawmakers work to advance key legislation that could reshape the industry. “We obviously fully support the president’s agenda to make America the crypto capital of the world,” said Zach Witkoff, CEO of World Liberty Financial.Witkoff, the son of Trump special envoy Steve Witkoff, discussed the CLARITY Act with FOX Business early Wednesday. The act seeks to…

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Business

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Private sector adds 109,000 jobs in April: ADP

Companies in the private sector added 109,000 jobs in April, payroll processing firm ADP said Wednesday. The figure is above economists’ estimates of a gain of 99,000 jobs. The prior month’s payrolls number was revised lower to a gain of 61,000 from an initially reported gain of 62,000. Which industries…

Investing

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