Economy News

Economy

Surge in US Mortgage Applications: An 11% Weekly Increase Signals Market Shift

Mortgage applications in the US surged by 11% last week, with interest rates for 30-year fixed mortgages dropping to 6.84%. The MBA's survey also noted increases in the Purchase, R...

Economy

Germany's Merz Urges Rapid EU Ratification of Mercosur Trade Deal Amidst Opposition

German Chancellor Friedrich Merz advocates for the quick ratification of the EU-Mercosur trade deal during his visit to Paris, despite facing opposition from several EU countries. ...

Economy

US and China Set to Begin Crucial Trade Talks in Switzerland This May

US Treasury Secretary Scott Bessent announces the start of US-China trade talks in Switzerland on May 10, focusing on de-escalation and future negotiation plans. Key figures from b...

Economy

France's Trade Deficit Narrows to €6.25 Billion in March, Marking a Significant Improvement

France's trade deficit improved to €6.25 billion in March, with exports rising by 5.6% and imports by 2.3%. The energy deficit decreased, and the manufactured goods balance saw sig...

Economy

Germany's Industrial Sector Booms: March Sees a 3.6% Surge in Factory Orders

Germany's factory orders rose by 3.6% in March, with significant growth in both domestic and foreign orders. Key sectors like electrical equipment and pharmaceuticals saw double-di...

Economy

UK Construction Sector Shows Signs of Recovery in April with Slight PMI Increase

The UK construction sector showed signs of a slight recovery in April, with the PMI increasing to 46.6. Civil engineering was the weakest sector, while residential and commercial c...

Economy

Eurozone Retail Sales Dip Slightly in March, Revealing Mixed Trends Across Member States

Eurostat reports a 0.1% decrease in Eurozone and EU retail sales in March, with annual growth of 1.5% and 1.4% respectively. Sector performances varied, with Malta showing the high...

Economy

Federal Reserve Expected to Maintain Interest Rates Amid Inflation and Economic Slowdown

The Federal Reserve is likely to keep interest rates steady amid high inflation and economic slowdown, with potential rate cuts later in the year. President Trump pushes for cuts, ...