• Thu, Jun 12, 2025 13:55
    U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

    After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.

  • Thu, Jun 12, 2025 13:52
    U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

    The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.

  • Thu, Jun 12, 2025 09:39
    UK Economy Contracts Most Since 2023

    The UK economy contracted at the fastest pace in 18 months in April as the end of stamp duty holiday, tax hike on businesses and higher US trade tariffs damped the positive momentum seen at the start of the year. Real gross domestic product declined 0.3 percent month-on-month in April, following a growth of 0.2 percent in March, the Office for National Statistics reported Thursday.

  • Thu, Jun 12, 2025 08:08
    Pound Slides On Weak U.K. GDP Data

    The British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output.

  • Thu, Jun 12, 2025 07:41
    Commodity Currencies Slide Amid Rising Geopolitical Risks, Yen Rises

    The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Thursday, as rising geopolitical tensions in the Middle East weighed on market sentiment.

  • Thu, Jun 12, 2025 04:42
    European Economic News Preview: UK GDP, Foreign Trade Data Due

    Monthly GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The economy is forecast to shrink 0.1 percent on a monthly basis in April, reversing a 0.2 percent rise in March.

  • Wed, Jun 11, 2025 14:50
    ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year

    A measure, based on the collective bargaining agreements in the euro area, suggested that negotiated wage growth is set to ease significantly this year, the European Central Bank said on Wednesday, which adds to expectations of inflation staying near the 2 percent target.

  • Wed, Jun 11, 2025 13:39
    U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

    A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.

  • Wed, Jun 11, 2025 08:08
    Commodity Currencies Slide Amid Crude Oil Price Drop

    The commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid crude oil price drop, as markets awaited the outcome of US-China trade talks, which have yet to be approved by President Donald Trump, with China's poor oil demand and OPEC+ output increases weighing on the market.

  • Tue, Jun 10, 2025 13:08
    Eurozone Investor Confidence Strongest In A Year: Sentix

    Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

  • Tue, Jun 10, 2025 09:52
    Yen Recovers Amid BoJ Rate Hike Speculation

    The Japanese yen recovered from early lows against other major currencies in the European session on Tuesday, as traders speculate that the Bank of Japan (BoJ) will hike interest rates this year.

  • Tue, Jun 10, 2025 09:28
    UK Jobless Rate Rises; Wage Growth Softens

    The UK unemployment rate rose slightly in the three months to April period and wage growth softened as the rise in social security contribution and the minimum wage started to weigh on the labor market activity. The ILO jobless rate rose to 4.6 percent in the three months to April, as expected, from 4.5 percent in the three months to March, data from the Office for National Statistics revealed T

  • Tue, Jun 10, 2025 07:38
    Pound Slides On Weak U.K. Employment Data

    The British pound weakened against other major currencies in the early European session on Tuesday, after the U.K. unemployment rate rose slightly in the three months to April period.

  • Tue, Jun 10, 2025 05:24
    Australia NAB Business Conditions Ease; Confidence Improves

    Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.

  • Tue, Jun 10, 2025 04:27
    European Economic News Preview: UK Unemployment Data Due

    Unemployment from the UK and industrial production from Italy are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to fall to 4.6 percent in three months to April from 4.5 percent in the preceding period.

  • Mon, Jun 09, 2025 07:11
    China Consumer Prices Fall For Fourth Month; Exports Rise

    China's consumer prices declined for the fourth consecutive month and the decline in producer prices worsened in May, deepening deflation worries among policymakers as domestic demand remained weak despite taking enormous measures to boost consumption.
    Another report showed an increase in exports in May despite a sharp decline in shipments to the US due to trade tariff uncertainties.

  • Fri, Jun 06, 2025 13:45
    U.S. Job Growth Slightly Exceeds Estimates In May

    Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.

  • Fri, Jun 06, 2025 10:35
    Eurozone GDP Growth Accelerates To 0.6%

    The euro area economic growth doubled in the first quarter on household spending, investment and exports, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.6 percent in the first quarter, which was faster than the initial estimate of 0.3 percent, Eurostat said. This followed a 0.3 percent rise in the fourth quarter of 2024.

  • Fri, Jun 06, 2025 10:22
    India Slashes Policy Rates By Bigger Than Expected 50 Bps; Shifts Stance To Neutral

    The Reserve Bank of India lowered its interest rates by a sharper-than-expected 50 basis points on Friday, marking the third consecutive reduction as policymakers focused on propelling growth amid the softening inflation, but the central bank shifted its monetary policy stance to neutral signaling a pause ahead. The MPC decided to cut the policy repo rate by 50 basis points to 5.50 percent.

  • Fri, Jun 06, 2025 08:23
    German Industrial Output Drops; Exports Fall

    German industrial production declined more than expected in April as the temporary boost from the frontloading of orders ahead of the US tariff hikes faded, data from Destatis revealed on Friday. Another data showed that Germany's trade surplus declined in April as exports to the US logged a double-digit decline amid a notable growth in imports. Industrial output declined 1.4 percent.

  • Fri, Jun 06, 2025 07:25
    UK Halifax House Prices Fall Unexpectedly

    UK house prices declined unexpectedly in May after the stamp duty holiday ended in March, data from the mortgage lender Halifax revealed on Friday. House prices dropped 0.4 percent month-on-month in May, in contrast to the 0.3 percent increase in April. Prices were expected to grow 0.4 percent. On a yearly basis, house price inflation softened to 2.5 percent in May from 3.2 percent in April.

  • Fri, Jun 06, 2025 05:19
    European Economic News Preview: Germany Industrial Output, Foreign Trade Data Due

    Industrial production and foreign trade from Germany and house prices from the UK are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production and foreign trade data. Economists forecast industrial output to fall 0.9 percent on a monthly basis in April, in contrast to the 3.0 percent rise in March.

  • Thu, Jun 05, 2025 19:38
    ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered

    The European Central Bank slashed its interest rates by 25 basis points on Thursday, in line with expectations, while the staff trimmed the euro area price growth projections for this year and next citing prospects of energy prices and stronger euro going forward.

  • Thu, Jun 05, 2025 14:01
    U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated

    Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.

  • Thu, Jun 05, 2025 13:44
    U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

    Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.