International Economic
CMA cans Apple, Google app market probes ahead of new regulation
The Competition and Markets Authority (CMA) has closed its investigations into Google’s Play Store and Apple’s App Store, it announced on Wednesday, shifting its focus to the forthcoming digital markets competition regime.
China launches probe into EU dairy subsidies
China launched an anti-subsidy investigation into dairy products imported from the European Union on Wednesday, intensifying trade tensions between Beijing and Brussels.
Japanese trade deficit higher than expected as imports jump
Japan recorded a wider-than-expected trade deficit for July as imports surged on the back of rising prices, according to data released by the Finance Ministry on Wednesday.
German economy will avoid recession in Q3, Bundesbank predicts
The Bundesbank said on Tuesday that it expects the German economy to avoid a technical recession and return to growth in the third quarter of 2024, according to the central bank's monthly report for August.
Eurozone construction output growth hits 17-month high
Construction output in the eurozone bounced back strongly in June after contracting the previous three months, according to figures released on Tuesday by Eurostat.
Eurozone CPI inflation unchanged for third straight month
Core inflation in the eurozone officially held steady for the third straight month in July, according to final estimates published on Tuesday by Eurostat.
Sweden’s Riksbank cuts rates by 25 basis points
Sweden’s Riksbank cut its benchmark rate by 25 basis points on Tuesday to 3. 5%, as widely expected.
German wholesale price deflation slows to 13-month low
Wholesale price deflation in Germany eased to its lowest level in 13 months in July, in line with economists' predictions.
Fed's Neel Kashkari says it's time to discuss 'potentially cutting rates'
Federal Reserve Bank of Minneapolis president Neel Kashkari said on Monday that it was now time for the central bank to begin discussing potentially cutting US benchmark interest rates at its September meeting.
US consumer confidence little changed in August, University of Michigan says
Americans' confidence in the economy and their finances was little changed in August, the results of a closely followed survey revealed.
US building permits, housing starts fall in July
US building permits fell by 4% in July to a seasonally adjusted annualised rate of 1. 39m, according to the Census Bureau, the lowest level seen in four years and below market expectations of 1. 43m.
Philly Fed factory index drops unexpectedly in August
Factory activity in the US mid-Atlantic region shrank unexpectedly in August, the results of a closely followed survey showed.
Rebound in Autos and parts sees US July retail sales surge
Retail sales jumped last month, driven by a rebound in auto purchases.
Weekly US jobless claims dip again
Unemployment claims in the US dipped unexpectedly during the previous week.
China retail sales rise but industrial production misses estimates
Retail sales in China rose more than expected last month but industrial production was below forecasts, official data showed on Thursday.
US CPI gains slow to 2.9% in July, core prices at 3.2%
The cost of living in the US rose in July at its slowest pace in over three years.
Eurozone GDP grows 0.3% in second quarter
The eurozone economy grew by 0. 3% in the second quarter on a seasonally adjusted basis, according to a flash estimate published on Wednesday.
US mortgage applications surge 16.8pc
Mortgage applications surged 16. 8% in the week ended 9 August, according to the Mortgage Bankers Association, the sharpest week-on-week increase since January 2023.
US PPI growth comes in cooler than expected
US producer prices rose by less than expected in July, according to the Bureau of Labor Statistics.
German business sentiment deteriorates sharply in August - ZEW
German business sentiment deteriorated sharply in August, according to a survey released on Tuesday.