International Economic
German inflation cools to 1.6pc in September
German inflation fell to 1. 6% in September, according to the Federal Statistical Office, down from August's 1. 9% print and in line with preliminary expectations.
US CPI rises by more-than-expected in September
The US consumer price index rose by more than expected in September, according to the Bureau of Labor Statistics.
US initial jobless claims much higher than expected, hit 14-month high
Americans lined up for unemployment benefits at an accelerated pace in the week ended 5 October, according to the Labor Department.
German retail sales pick up as Destatis reporting resumes
Retail sales in Germany rose over the past two months, according to delayed data from the Federal Statistical Office on Thursday.
German government now projecting a second year of GDP contraction
Germany’s economy is set to contract by 0. 2% in 2024, marking the second consecutive year of shrinking output, according to a statement from the country’s economy ministry on Wednesday.
US mortgage applications fall 5.1pc
US mortgage applications fell by 5. 1% in the week ended 4 October, according to the Mortgage Bankers Association, extending the prior week's 1. 3% drop in taking a bite out of the almost 30% surge in demand throughout September.
New Zealand central bank cuts interest rates by 50bp
New Zealand's central bank has cut interest rates by 50 basis points in an effort to steady inflation and gave indications that more easing could follow, but stopped short of providing official guidance.
German trade surplus jumps as exports unexpectedly rise
Germany's trade surplus jumped by more than forecast in August as exports unexpectedly grew, according to figures from the Federal Statistical Office on Wednesday.
NFIB small business optimism index falls short of expectations
The National Federation of Independent Business' September optimism index increased to 91. 5 in September, missing forecasts for a print of 91. 7 and marking the 33rd consecutive month below the 50-year average of 98.
Auto industry drive big jump in German Aug industrial production
German industrial production increased more than expected in August, driven by a “significant” jump in the auto industry, according to official data published on Tuesday.
Eurozone retail sales inch higher, meet forecasts
Retail sales across the eurozone inched higher in August, according to figures released by Eurostat on Monday.
Sentix investor confidence index rises for first time in four months
A key gauge of investor sentiment in the eurozone has improved for the first time in four months, as the region attempts to emerge from a prolonged period of stagnation, with confidence helped by stimulus measures in China.
German factory orders sink sharply as industrial downturn continues
Factory orders in Germany fell more sharply than expected in August, dropping by their steepest level in seven months, amid an ongoing industrial downturn in Europe's largest economy.
Non-farm payrolls beat expectations, unemployment rate dips
The US economy added far more jobs than expected in September while the unemployment rate unexpectedly fell, dashing any expectations of a potential 50 basis points rate cut by the Federal Reserve next month.
EU backs steep tariffs on Chinese EV imports
The European Union is to impose steep tariffs on imports of Chinese electric vehicles, it was confirmed on Friday, after a majority of member states voted in favour.
Eurozone construction downturn continues as new orders, staffing levels sink
The decline in construction across the eurozone eased slightly in September, but the downturn remained firmly entrenched, with every member state reporting a contraction in activity.
Maersk among Friday's fallers as US port strike called off
Shares in shipping firms were in the red on Friday, with Maersk particularly affected, following the resolution of a US port strike that had initially raised hopes for a boost in global shipping demand for European operators.
US jobless claims increase by 6,000
Americans lined up for unemployment benefits at an accelerated clip in the week ended 28 September, according to the Department of Labor.
Eurozone PPI growth beats forecasts in August
Industrial output in the eurozone rose more than expected in August, according to data released by Eurostat on Thursday.
Eurozone economy falters as services growth softens
The eurozone economy faltered in September, a closely-watched survey showed on Thursday, weighed down by slowing growth in the bloc's dominant services sector.