International Economic
US PCE rises to 2.7% in March, ahead of estimates
The US personal consumption expenditure rate rose to 2. 7% in March, according to the Bureau of Economic Analysis, up from 2. 5% in February and higher than the 2. 6% expected by economists, suggesting that inflationary headwinds were still building.
Friday preview: US inflation data, NatWest Group in the spotlight
Financial markets' attention at the end of the week would be squarely on the latest inflation data out of the States.
US Q1 GDP growth comes in slower than expected
Economic activity in the U. S. slowed by more than anticipated at the turn of the year, while price pressures picked up.
Turkey central bank holds interest rates at 50%
Turkey’s central bank left interest rates on hold on Thursday at 50% as it said it was keeping a close eye on inflation.
US initial jobless claims hit two-month low
Americans lined up for unemployment benefits at a decelerated pace in the week ended 20 April, according to the Labor Department, dropping to the lowest level seen since February.
Germany consumer sentiment picks up - GfK
German consumer sentiment has continued to strengthen, a closely-watched survey showed on Thursday.
US durable goods orders rise as expected in March, details weaker
Orders in the U. S. for goods made to last more than three years rose by slightly more than expected last month.
US mortgage applications fall 2.7% week-on-week
US mortgage applications fell by 2. 7% week-on-week in the seven days ended 19 April, trimming the 3. 3% increase from halfway through the month to mark the sharpest weekly decline since early February, according to the Mortgage Bankers Association of America.
German business sentiment improves in April - Ifo
German business sentiment improved in April, according to a survey released on Wednesday by the Ifo Institute.
US new home sales jump in March
New home sales in the United States bounced back strongly in March after a sharp downwards revision to numbers the month before.
Tesla announces plans to cut 400 jobs in Germany
Tesla is set to trim around 400 positions at its German gigafactory near Berlin, it emerged on Tuesday, accounting for 3% of the factory's total workforce.
US economic activity slows in April, PMIs show
Economic activity in the U. S. slowed last month, the results of two closely followed surveys revealed.
Eurozone business activity grows at fastest rate for a nearly a year
Business activity in the eurozone grew at the fastest pace for nearly a year in April, according to preliminary data released on Tuesday.
German private sector returns to growth, April composite PMI shows
Germany's private sector beat expectations and showed a surprise return to growth in April, according to flash estimates from a widely-read survey on Tuesday.
Chicago Fed's national activity index rises to 0.15 in March
The Chicago Federal Reserve's national activity index rose to +0. 15 in March, up from an upwardly revised reading of +0. 09 for February and beating expectations for a +0. 09 reading for the highest reading since November 2023.
China leaves rates unchanged as expected
China left benchmark lending rates unchanged in line with market expectations.
Fed's Goolsbee says central bank needs more 'clarity' before moving on rates
A top Federal Reserve official said that the central bank needs more clarity on inflation before moving on interest rates.
Israel hits target in Iran's central province of Isfahan in limited strike
Israel struck a target in the central Iranian province of Isfahan, where the country's nuclear installations are located.
German March producer prices fall 2.9% year on year
German industrial producer prices fell 2. 9% in March year on year, driven by lower energy prices, the federal statistics agency said on Friday.
EU car sales decline by most in 16 months
New car registrations in the European Union dropped in March, with the timing of the Easter holidays hammering sales, according to the European Automobile Manufacturers’ Association or ACEA.