President Trump's Budget sees real GDP increase of 3.1%, CPI increase of 2.3%, and USD 464bln of tariff revenue collection for FY27, Bloomberg reports

President Trump's budget proposal projects a notable 3.1% increase in real GDP and a 2.3% increase in CPI for FY27, suggesting optimism about economic growth amid inflationary pressures.

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President Trump's Budget sees real GDP increase of 3.1%, CPI increase of 2.3%, and USD 464bln of tariff revenue collection for FY27, Bloomberg reports

Russian Energy Ministry says there is no reason to ban diesel fuel exports and adds that production and stocks are sufficient, via RIA

Emirates Global Aluminium says it sustained significant damage due to the Iranian missile and drone attacks at the Khalifa Economic Zone, facilities have entered an emergency shutdown and could take up to 12 months to restore

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The anticipated USD 464 billion in tariff revenue indicates a significant fiscal strategy that could impact trade relations and the USD's strength, ultimately influencing market expectations across forex, equities, and commodities.

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