News And Announcements
US existing home sales drop to lowest level since 1995 - NAR
US existing home sales fell in December to the lowest level since 1995, according to data released on Friday by the National Association of Realtors.
Retail sales slump unexpectedly in December - ONS
UK retail sales fell at the fastest pace since the start of 2021, official data showed on Friday, missing analyst expectations.
UK housing market shows signs of stabilising - Rics
The UK housing market showed signs of stabilising on Thursday, as mortgage rates continued to ease.
OPEC reaffirms 2024 growth projections, offers 2025 guidance
OPEC reaffirmed its projection of robust growth in global oil demand for 2024 on Wednesday, as well as offering an early outlook for 2025, highlighting China and the Middle East as the driving forces behind the surge.
UK inflation unexpectedly ticks up in December
UK inflation unexpectedly edged higher in the year to December, driven by a rise in alcohol and tobacco prices, and tempering rate cut expectations.
German investor sentiment improves in January - ZEW
German business sentiment improved in January, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
UK wage growth eases, unemployment rate unchanged
UK wage growth eased in the three months to November, while the unemployment rate was unchanged, according to figures released on Tuesday by the Office for National Statistics.
Train drivers announce fresh strike dates
Train drivers' union Aslef announced a new round of strikes on Monday, in its ongoing pay dispute with 16 train operators.
EZ industrial production falls in November
Eurozone industrial production fell 0. 3% in November on a monthly basis, as the single currency bloc continued to struggle amid inflationary pressures, according to official data published on Monday.
PBOC leaves medium-term loan rate unchanged
The People’s Bank of China surprised markets on Monday by keeping its one-year medium-term lending facility on hold at 2. 5%.
US, UK launch airstrikes against Houthi rebels in Yemen
America and Britain have launched strikes against targets connected to Houthi militants in Yemen in retaliation for attacks on commercial shipping in the Red Sea, US President Joe Biden said early Friday.
UK economy returns to growth in November
The UK economy returned to growth in November, according to figures released on Friday by the Office for National Statistics.
Amazon fails to offer remedies to EU concerns over iRobot acquisition
Shares in iRobot plunged overnight on Wednesday, after Amazon failed to provide solutions to address concerns raised by EU competition regulators regarding its $1. 4bn acquisition of the US domestic robotics giant.
US consumer price inflation rises more than expected in December
US consumer price inflation rose more than expected in December, according to figures released on Thursday by the Labor Department.
UK financial services sector falters - CBI
The UK’s financial services sector contracted for the first time in nearly four years in December, an industry survey showed on Tuesday.
EU to look at Microsoft-OpenAI investment as part of market probe
The European Commission announced two calls for contributions on Tuesday, focusing on competition within virtual worlds and generative artificial intelligence (AI), particularly Microsoft’s investment in ChatGPT developer OpenAI.
German industrial output posts shock fall in November
German industrial production registered an unexpected fall in November, making it the six straight month of declines as manufacturing in Europe's biggest economy continued to struggle.
Retailers hit by subdued festive demand - BRC
Retailers finished 2023 on the back foot, industry data showed on Tuesday, despite a modest uptick in demand in the week leading up to Christmas.
Oil stocks slide as Saudi Arabia cuts crude prices
Oil stocks were hit as major producer Saudi Arabia cut prices across the board, sending benchmark crude sharply lower on Monday.
UK labour market ends 2023 on muted note
UK firms remain reluctant to hire new staff, an industry survey showed on Monday, as the weak economic outlook continued to weigh heavily.