Economy News

Economy

Surprising 11% Spike in US Mortgage Applications Signals Market Shift

The US mortgage applications surged by 11% in the week ending May 2, with a decrease in interest rates and increases in Purchase and Refinance Indexes, signaling a vibrant mortgage...

Economy

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

German Chancellor Friedrich Merz calls for rapid EU ratification of the Mercosur trade deal during his visit to Paris, facing opposition from France and Poland, and concerns from o...

Economy

German Chancellor Urges Immediate 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 member stat...

Economy

Germany's Industrial Surge: March Factory Orders Jump 3.6%, Signaling Robust Economic Recovery

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

France's Trade Deficit Narrows to €6.25 Billion in March, Exports Surge by 5.6%

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

Economy

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

The UK construction sector saw a slight recovery in April with the PMI increasing to 46.6, indicating a slow but steady improvement. Civil engineering lagged behind, while resident...

Economy

Eurozone and EU Retail Sales Dip Slightly in March, With Varied Performance Across Sectors

Eurozone and EU retail trade slightly decreased by 0.1% in March, with a year-on-year growth of 1.5% and 1.4% respectively. Sector performances varied, with automotive fuel sales r...

Economy

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

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