International Economic
US producer prices register unexpected drop in May
Wholesale inflation in the US dipped somewhat unexpectedly last month.
China calls on EU to scrap EV tariffs
Beijing has urged the European Union to abandon newly-announced tariffs on Chinese electric vehicles, accusing it of “politicising” trade.
Eurozone industrial production edges lower, misses forecasts
Eurozone industrial production unexpectedly ticked lower in April, official data showed on Thursday.
ECB's De Guindos says direction of rates 'clear', but cautious in near-term
Luis de Guindos at the European Central Bank expressed confidence that interest rates were headed lower still, but perhaps more slowly than anticipated.
US CPI undershoots forecasts in May
The cost of living in the States was unchanged last month, leading markets to price in higher odds of a rate cut in September.
Starling sees profits surge, flags rise in bad loans
Challenger Starling Bank posted a jump in annual profits on Wednesday and reiterated its commitment to a possible stock market debut, despite a jump in bad loan provisions.
US mortgage applications surge as Treasury yields fall
US mortgage applications soared 15. 6% in the week ended 7 June, according to the Mortgage Bankers Association of America, rebounding from a 5. 2% drop in the previous week and erasing the prior two week’s declines.
EU to slap tariff of up to 38pc on Chinese EVs
The European Union (EU) is set to impose tariffs of up to 38% on Chinese electric vehicles (EVs), it was reported on Wednesday, initiating duties exceeding €2bn annually and risking a trade conflict with China.
World facing 'staggering' supply surplus as demand for oil peaks - IEA
The world is facing a "staggering" oil supply surplus, a leading energy think tank warned on Wednesday, as output outstrips slowing demand.
China inflation nudges higher, narrowly misses forecasts
Inflation in China nudged marginally higher in May, official data showed on Wednesday, while producer prices eased.
German annual inflation confirmed at 2.8% in May
The final reading of Germany inflation for May confirmed that annual price growth had picked up to a four-month high, with numbers in line with the preliminary estimate released two weeks ago.
Euro 2024 expected to give retailers a big boost, BRC poll shows
This summer's EUFA European Championship is expected to give UK retailers a big boost, according to a poll released on Wednesday by the British Retail Consortium.
OPEC keeps global oil demand forecasts unchanged
The Organisation of the Petroleum Exporting Countries kept its short-term global oil demand forecasts unchanged.
Senior Hamas official says UN ceasefire proposal has been accepted
A senior official from Palestinian terrorist group Hamas reportedly said the organisation had accepted the ceasefire resolution that had been approved the night before by the UN Security Council.
US small business optimism rises, but so does uncertainty
Small business optimism in the United States rose to a five-month peak in May, but uncertainty was at its highest levels in three and a half years, according to the National Federation of Independent Business (NFIB).
French snap elections are 'credit negative', warns Moody's
Credit ratings agency Moody's has said that president Emmanuel Macron's decision to call for a snap election is credit negative for the French economy and increases upside risks to the country's growing debt pile.
Eurozone investor confidence at highest in two years
Investor confidence in the eurozone turned positive in June, with the Sentix Economic Index rising for the eight month in a row.
US non-farm payrolls and hourly earnings outpace forecasts in May
Hiring and wage growth in the US outpaced forecasts by a very wide margin in May.
Eurozone GDP and employment show moderate growth in Q1
Final estimates for first-quarter economic and jobs data in the eurozone were in line with preliminary estimates on Friday, with both showing a moderate expansion on the preceding three months.
German economy improving but inflation remains 'stubborn' - Bundesbank
The German economy is gaining momentum after two years of weakness, the Bundesbank said on Friday, despite "stubborn" inflation.