June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.
May 11, 2026 05:25 ETChina'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.
May 11, 2026 05:34 ETOil prices ticked higher on Monday after the United States and Iran failed to agree on a pace deal, keeping the Strait of Hormuz largely closed and raising doubts about the durability of a fragile ceasefire. Brent crude futures for July delivery were up 2.4 percent at $103.76 a barrel, while WTI crude...
May 12, 2026 05:30 ETOil prices extended their surge on Tuesday amid fresh doubts over the U.S.-Iran ceasefire. Brent crude futures for July delivery were up more than 3 percent at $107.47 a barrel, extending gains from the previous session on concerns that the Strait of Hormuz may stay effectively closed for an extended...
May 13, 2026 08:17 ETContinuing uncertainty surrounding the geopolitical situation in the Middle East as well as concerns about the hotter-than-expected inflation readings from the U.S. weighed on global market sentiment.