Economy News

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...

Economy

Federal Reserve Expected to Maintain Steady Rates Amid Inflation and Economic Growth Concerns

The Federal Reserve is likely to hold interest rates steady at 4.25% to 4.5% in May, focusing on inflation targets amid economic growth concerns. Core inflation remains high, and G...

Economy

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

Mortgage applications in the US increased by 11% in the week ending May 2, with interest rates for 30-year fixed mortgages dropping slightly. The Purchase and Refinance Indexes als...

Economy

German Chancellor 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 member stat...