Economy News

Economy

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

Mortgage applications in the U.S. increased by 11% last week, with interest rates for 30-year fixed mortgages dropping slightly. The MBA's survey also noted rises in the Purchase, ...

Economy

Chancellor Merz Urges Swift EU Ratification of Mercosur Trade Deal Amid Opposition

German Chancellor Friedrich Merz advocates for the rapid ratification of the EU-Mercosur trade deal during his visit to Paris, highlighting the agreement's importance despite facin...

Economy

Breaking: US and China Set to Begin Crucial Trade Talks in Switzerland on May 10

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

US-China Trade Talks Set to Begin in Switzerland on May 10, Focus on De-escalation

US Treasury Secretary Scott Bessent announces the start of US-China trade talks in Switzerland on May 10, focusing on de-escalation rather than a major trade deal. The meeting aims...

Economy

Surge in German Factory Orders: A 3.6% Rise in March Signals Economic Recovery

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

Economy

France's Trade Deficit Narrows to €6.25 Billion in March, Exports Show Promising Growth

France's trade deficit improved to €6.25 billion in March, with exports growing by 5.6% to €52.5 billion. The energy balance declined slightly, while the manufactured goods balance...

Economy

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

The UK construction sector showed a slight recovery in April with a minor PMI increase. Civil engineering lagged, while residential and commercial sectors performed slightly better...

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 trade in March, with annual growth of 1.5% and 1.4% respectively. Sector and country-level data reveal mixed trends, with...