The euro area economy expanded only marginally in the first quarter, the statistical office Eurostat confirmed on Wednesday. Gross domestic product posted a quarterly growth of 0.1 percent, matching the initial estimate but slower than the 0.2 percent expansion seen in the fourth quarter, Eurostat reported.
The New Zealand dollar weakened against other major currencies in the late Asian session on Wednesday, as Asian markets traded lower, as surging crude oil prices renewed global inflationary pressures amid the re-escalation in the Middle East conflict following the U.S. rejection of Iran's peace proposal....
Flash quarterly national accounts and industrial production from the euro area and final inflation from France are due on Wednesday. At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for April. Wholesale prices are forecast to rise 1.8 percent on a monthly basis after rising 2.7 percent in March.
The U.S. Dollar value edged higher driven by oil-driven inflationary concerns brought on due to the impasse in U.S.-Iran conflict and reports of a possible fresh military offensive by the U.S. on Iran. In addition, stronger-than-expected April month's consumer price data supported the U.S. dollar.
With energy prices surging, the Labor Department released a report on Tuesday showing consumer prices in the U.S. increased in line with economist estimates in the month of April. The Labor Department said its consumer price index climbed by 0.6 percent in April after advancing by 0.9 percent in March. The growth matched expectations.
German economic confidence unexpectedly improved in May as financial experts anticipate an end to the Iran war, survey results from the Mannheim-based Centre for European Economic Research, or ZEW, showed Tuesday. The ZEW indicator of economic sentiment rose to -10.2 in May from -17.2 in the previous month. The score was forecast to fall to -19.1. However, the index remained negative.
Economic sentiment and final inflation from Germany are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to release Germany's final inflation figures for April. The flash estimate showed that consumer price inflation rose to 2.9 percent from 2.7 percent in March.
The U.S. Dollar value ended nearly flat after U.S. President Donald Trump rejected Iran's response to a U.S.-offered plan to end the gulf war. However, expectations of traders that the upcoming meeting between U.S. and Chinese premiers could yield a solution to the crisis capped the gains.
After reporting a sharp pullback by U.S. existing home sales in the previous month, the National Association of Realtors released a report on Monday showing existing home sales rebounded by much less than expected in the month of April. NAR said existing home sales crept up by 0.2 percent to an annual rate of 4.02 million in April.
The Japanese yen weakened against other major currencies in the European session on Monday, due to worries about Japanese authorities intervening in the foreign exchange market. Concerns over Japan's economic future and rising oil prices continue to put pressure on the Japanese yen (JPY). Following...
The U.S. dollar extended losses against major currencies during the week ended May 8 despite data from the U.S. that showed a resilient job market. Fading safe haven demand dragged down the dollar amidst President Trump's assertion that the ceasefire between Washington and Tehran remained intact despite the recent flare-up in the Strait of Hormuz.
China's inflation unexpectedly accelerated and factory gate inflation hit a 45-month high in April as the war in the Middle East stoked energy prices, official data showed Monday. Consumer price inflation rose to 1.2 percent in April from 1.0 percent in March, the National Bureau of Statistics reported. Prices were expected to climb 0.9 percent.
The U.S. Dollar value edges lower as expectations of an end to the gulf war continues to increase since U.S. offered Iran a peace deal which Iran is currently reviewing, boosting market sentiments and easing inflationary concerns.
The Commerce Department released a report on Friday showing a sharp increase in U.S. wholesale inventories in the month of March. The report said wholesale inventories shot up by 1.3 percent in March after climbing by an upwardly revised 0.9 percent in February.
Consumer sentiment in the U.S. has deteriorated by more than anticipated in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 48.2 in May from 49.8 in April. Economists had expected the index to edge down to 49.3.
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.