Veteran Prime Minister Viktor Orbán's 16 years of rule came to an end with the center-right Opposition Tisza party securing a landslide victory in Hungary's parliamentary election on Sunday. 62-year-old Orban conceded defeat, and congratulated Péter Magyar, leader of the Tisza party. Anti-European Union, pro-Russian Orban was also a close ally of U.S. President Donald Trump, who endorsed the n
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.