News And Announcements
Eurozone tips into recession
The Eurozone has tipped into recession, official data showed on Thursday, after a series of downward revisions.
Higher interest rates weigh on UK housing market - RICS
The UK housing market saw a modest recovery in May, a closely-watched survey showed on Thursday, although rising interest rates and stubborn inflation continued to weigh heavily.
Watchdog announces new requirements to tackle APP fraud
The UK watchdog for payment systems unveiled new obligations for lenders and payments outfits with a view to helping more victims of Authorised Push Payment fraud to recover their funds.
German industrial production rises less than expected in April
German industrial production rose less than expected in April, according to data released by Destatis on Wednesday.
Annual house prices fall in May for first time since 2012 - Halifax
Annual house prices fell in May for the first time since 2012 amid surging mortgage costs, according to data released on Wednesday by Halifax.
Merger and acquisition activity declines in first quarter - ONS
Mergers and acquisitions activity in the first quarter of 2023 experienced a decline compared to the previous quarter, according to data released on Tuesday by the Office for National Statistics (ONS).
Ryanair cancels hundreds of flights as French ATC strikes
Ryanair, Europe's largest low-cost airline, was forced to cancel a significant number of flights on Tuesday,as a result of ongoing strike action by air traffic control (ATC) workers in France.
Eurozone retail sales stagnant in April
Retail sales in the Eurozone stagnated in April, official data showed on Tuesday, missing expectations for a small uptick.
UK construction sector gains momentum despite housing drag
The UK construction sector saw an uptick in activity last month, a closely-watched survey showed on Tuesday, although higher interest rates continued to weigh heavily on house building.
Weak demand hits Eurozone construction sector
Weak demand continued to weigh heavily on the Eurozone construction sector, a closely-watched survey showed on Tuesday, despite input price rises starting to ease.
Australia's central bank hikes rates by 25 basis points
The Reserve Bank of Australia unexpectedly hiked interest rates again on Tuesday, arguing that inflation was still too high.
German factory orders unexpectedly fall in April
German factory orders unexpectedly fell in April as large-scale orders dropped, according to figures released on Tuesday by Destatis.
Bank holidays fail to boost retail sector - BRC
UK retail sales growth slowed in May, industry data showed on Tuesday, despite a succession of bank holiday weekends.
UK May car registrations rise 16.7%
New car registrations rose 16. 7% in May, according to industry figures released on Monday, but are still lower than pre-Covid pandemic levels.
Eurozone investor sentiment deteriorates in June
Eurozone sentiment deteriorated in June as worries about the German economy weighed, according to data released on Monday.
Resilient consumer demand boosts UK service sector
The UK service sector saw output strengthen in May, a closely-watched survey showed on Monday, as firms benefited from resilient consumer demand despite higher input costs.
Germany posts surprise trade surplus rise in April
Germany reported an unexpected month-on-month trade surplus rise in April after an increase in exports, according to official data published on Monday.
Activity in China's services sector picks up in May
Activity in China’s services sector unexpectedly picked up in May, according to a survey released on Monday.
US payrolls rise far more than expected in May
The US economy created far more jobs than expected in May, according to figures released on Friday by the Bureau of Labor Statistics, but analysts suggested that a moderation in wage growth could allow the Federal Reserve to skip a rate hike this month.
US manufacturing sector contracts again in May - ISM
The US manufacturing sector contracted in May for the seventh month in a row, according to data released on Thursday.