The U.K. economy contracted for the first time since August last year as the U.S.-Iran war has started to take its toll on business activity, official data showed Friday. Real gross domestic product decreased 0.1 percent in April, in contrast to a 0.3 percent expansion in March, the Office for National Statistics reported. This was the first monthly fall since August 2025.
European stocks may open on a firm note on Friday after U.S. President Donald Trump cancelled a third consecutive day of strikes on Iran, claiming that a peace deal with Tehran is close to being finalized. Trump said an agreement to end the war with Iran had been reached and would be signed shortly,...
European stocks edged higher on Thursday as investors kept a close eye on escalating Middle East tensions and awaited the European Central Bank's (ECB) rate decision for direction. To address rising inflationary pressures, the ECB is likely to raise its deposit facility rate by 25 bps to 2.25 percent...
UK house prices continued to decline and sales activity indicators remained negative as challenging macroeconomic conditions weighed on demand but some measures showed signs of stabilization in the property market, the Residential Market Survey results from the Royal Institution of Chartered Surveyors, or RICS, showed Thursday. The house price balance posted -35 percent in May.
European stocks were subdued on Wednesday as tensions between Washington and Tehran escalated and investor attention shifted to upcoming U.S. inflation data. Iran launched attacks on U.S. bases in Jordan and Bahrain after the United States carried out its own attacks on the Islamic Republic in response...
European stocks are seen opening on a tepid note Wednesday as investors weigh U.S.-Iran tensions and await key U.S. inflation reading for fresh insights into market expectations for future interest rates in the face of rising energy-driven inflation risks. Analysts estimate that the U.S. inflation...
Shares of Nuvalent, Inc. were surging around 39 percent in the pre-market activity on the Nasdaq, after the clinical-stage biopharma company focused on cancer therapies agreed to be acquired by British drug major GSK plc, in a deal valued at $10.6 billion or 8.0 billion pounds. Further, GSK maintained its 2026 guidance range of 7 percent to 9 percent growth in core operating profit and core EPS.
European stocks were broadly higher on Tuesday, the dollar fell from a two-month high and Brent crude futures fell below $93 a barrel after Israel and Iran agreed to halt attacks against each other, boosting hopes that peace negotiations could move forward. Investors also cheered data that showed...
European stocks are seen opening mixed on Tuesday as traders weigh a fragile ceasefire between Israel and Iran and look forward to upcoming ECB policy decision later this week for direction. Geopolitical concerns eased somewhat after Israel and Iran agreed to halt attacks against each other following...
Ukraine President Volodymyr Zelensky and the leaders of three European major powers have called on Russian President Putin to agree to an immediate and complete ceasefire. UK Prime Minister Keir Starmer, French President Emmanuel Macron and German Chancellor Friedrich Merz met with President Zelensky in London to reiterate their unwavering support for Ukraine in its defense against Russia's inva
Shares of Tate & Lyle Plc were gaining around 14% on the London Stock Exchange after the British sweetener and food solutions firm announced Monday its agreement to a 595 pence per share all-cash deal to be bought by U.S. food ingredients maker Ingredion Inc. The cash consideration values Tate & Lyle at around 2.7 billion pounds or $3.6 billion, with an implied enterprise value of...
European stocks traded lower on Monday as geopolitical tensions persisted, and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year. Brent crude futures jumped nearly 5 percent above $97 a barre and Eurozone government bond yields scaled multi-week highs as Israel...
European stocks are seen opening on a sluggish note Monday, with Middle East concerns and rate hike worries likely to keep investors on edge. Pushing against U.S. rate-hike bets, U.S. President Donald Trump said that there is too much emphasis on inflation and that increasing the benchmark interest...
House prices in the U.K. fell for a third month in a row in May amid the global uncertainty linked to the tensions in West Asia and subdued demand due to higher borrowing costs, results of a survey by S&P Global showed on Friday. The house price index fell 0.1 percent month-on-month in May, same as in April, the S&P Global survey conducted for the Lloyds Bank subsidiary Halifax revealed.
European stocks were mixed in cautious trade on Friday as a global rally in artificial intelligence-related stocks fizzled out and investors kept a wary eye on the latest developments in the Middle East. Hezbollah has rejected a new ceasefire agreement with Israel, and the Israel Defense Forces (IDF)...
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.