Economic News
Mounting cost of living undermines UK consumer confidence - GfK
Consumer confidence in the UK weakened in January, a survey showed on Friday, as concerns about the rising cost of living mounted.
Philly Fed manufacturing index edges past forecasts at the start of 2022
Activity in the us mid-Atlantic region picked up the pace last month with new orders, shipments and delivery times both improving.
US initial jobless claims unexpectedly rise last week
Americans made first-time unemployment benefit claims at a higher than expected clip last week, driven by an increased number of Covid-19 cases that disrupted business activity across the nation.
ECB does not need to react as quickly as the Fed, Lagarde says
The European Central Bank should not raise interest rates as quickly as the Federal Reserve, Christine Lagarde told French media.
UK house prices continue to rise as new listings dwindle
The number of new properties coming to market continued to slide in December, a closely-watched survey showed on Thursday, pushing house prices higher.
German producer prices clock in with fastest rise ever in December
A surge in natural gas prices stoked the fastest pace of increase in German producer prices ever at the end of 2021.
PBoC cuts key lending rates by less than expected
China's central bank trimmed two key lending rates overnight in a bid to bolster activity in the country's property sector and in order to help small businesses.