International Economic
Eurozone inflation ticks higher in November
Euro area inflation picked up in November in annual terms, although some economists were expecting that it would soon head lower again.
German retail sales fall more than expected in October
German retail sales fell more than expected in October, down 1. 5% compared with the previous month, according to official data published on Friday.
French inflation picks up to 1.7% as expected
French inflation picked up as expected in November as consumer price growth continued to rebound from a three-year low in September, according to preliminary estimates released on Friday by INSEE.
German inflation rises to 2.2% in November - flash estimate
German inflation has risen to 2. 2% for November, according to a flash estimate from the Federal statistics office.
French borrowing costs mount on budget tensions
France’s borrowing costs briefly topped those of Greece on Thursday, as political tensions around controversial budget plans mounted.
Eurozone economic sentiment edges higher
Economic confidence in the eurozone edged higher in November, according to a survey released on Thursday by the European Commission, but remained below its long-term average.
US personal incomes and spending beat forecasts in October
Americans continued to spend freely last month, amid a slight pick up in price pressures.
US economy grows 2.8pc in Q3
The Commerce Department revealed on Wednesday that the US economy expanded 2. 8% in the three months ended 30 September, in line with preliminary estimates, on the back of solid strong consumer spending and increased exports.
US jobless claims flat at 213,000
Americans lined up for unemployment benefits at a broadly flat pace in the week ended 23 November, according to the Labor Department.
US mortgage applications surge 6.3pc week-on-week
US mortgage applications surged 6. 3% in the week ended 22 November, according to the Mortgage Bankers Association of America, building on the prior week's 1. 7% increase.
Macro concerns drag German consumer confidence to seven-month low
Consumer morale in Germany has fallen to a seven-month low with fears about a recession and unemployment weighed heavily on income expectations, according to a closely watched survey by the GfK Group and the Nuremberg Institute for Market Decisions (NIM).
French consumer confidence hits five-month low
Consumer confidence in France fell to its lowest level in five months in November with households turning more negative about their living standards and personal finances.
RBNZ lowers interest rate, tempers expectations for future cuts
The Reserve Bank of New Zealand lowered its official cash rate (OCR) by 50 basis points to 4. 25% on Wednesday, marking its second consecutive half-point cut.
US house price growth slows to 12-month low
A leading indicator of house prices in the United States showed that price inflation slowed to its lowest levels in a year in September.
Trump vows to hit China, Mexico and Canada with new tariffs
US president-elect Donald Trump has promised to institute new tariffs on China, Mexico and Canada from the first day of his presidency as part of an effort to stop illegal immigration and drug smuggling.
German business morale falls more than expected
Business morale in Germany worsened this month, with sentiment in both the struggling manufacturing sector and services industries taking a hit, according to the IFO Institute.
US composite PMI shows robust expansion for November
The US economy showed signs of robust expansion in November, with S&P Global's composite purchasing managers’ index (PMI) reaching a 31-month high of 55. 3, up from October's 54. 1.
CMA says Apple's browser policies hinder innovation
The Competition and Markets Authority (CMA) announced on Friday that it has provisionally found that Apple’s policies on mobile browsers hinder innovation, impacting UK businesses and millions of users.
Eurozone business activity contracts as composite PMI hits 10-month low
Business activity in the eurozone unexpectedly declined in November, according to a flash reading from the Hamburg Commercial Bank purchasing managers' index (PMI) released on Friday morning, which dropped to its lowest level in 10 months.
German GDP expands just 0.1% in third quarter
Germany's economy escaped a technical recession in the third quarter of 2024, but growth still came in below forecasts, according to official figures out on Friday from Destatis.