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.
European stocks may open on a positive note on Wednesday, though regional gains are likely to remain capped amid bets that the U.S. Federal Reserve may have to raise interest rates next year. After U.S. headline inflation came in above market expectations, investors now await the producer price index...
Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, 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. Hotter-than-expected US inflation data also reinforced expectations for tighter US Fed policy.
Flight attendants at United Airlines have given the green light to a new five-year contract that promises an average pay increase of 31 percent by August, finally breaking a nearly six-year stretch without raises for the airline's approximately 30,000 cabin crew members.
German telecom major Deutsche Telekom AG on Wednesday reported weak profit in its first quarter, despite slightly higher revenues. Further, the firm maintained fiscal 2026 outlook for adjusted earnings per share, and raised adjusted EBITDA AL view, reflecting the recently raised guidance of its subsidiary,...
German conglomerate Siemens AG on Wednesday maintained its fiscal 2026 outlook after reporting weak profit and revenues in the second quarter. On the XETRA in Germany, the shares were losing around 1.2 percent. For fiscal 2026, Siemens continues to expect basic earnings per share pre purchase price allocation accounting or PPA of 10.70 euros to 11.10 euros.
Vistry Group PLC (VTY.L), a home construction company, on Wednesday said it expects adjusted profit before tax for fiscal 2026 to be around the middle of analysts' forecast range of £168 million to £283 million. The company said first-half 2026 profit is expected to be significantly lower than the...
Japan posted a current account surplus of 4.681 trillion yen in March, the Ministry of Finance said on Wednesday. That beat expectations for a surplus of 3.879 trillion yen and was up from 3.933 trillion yen in February. Imports were up 10.0 percent on year at 9.991 trillion yen and exports climbed...
Australia will on Wednesday release Q1 numbers for wage prices and home loans, highlighting a modest day for Asia-Pacific economic activity. Wages are expected to have risen 0.8 percent on quarter and 3.3 percent on year after adding 0.8 percent on quarter and 3.4 percent on year in the previous three...
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.
The Trump Administration is intensifying pressure on Iran's Islamic Revolutionary Guard Corps by targeting the financial networks that enable its illicit oil operations. Monday, the Department of the Treasury's Office of Foreign Assets Control imposed sanctions on a network involved in selling and shipping Iranian oil to overseas buyers, including China, on behalf of IRGC, and three senior offici
The United States has boycotted the International Migration Review Forum and announced that it will not support the May 8 "progress" declaration. The United States has persistently objected to the United Nations' efforts to advocate and facilitate replacement immigration in the country and across...
US Air Force'S F-22 Raptor fighter jets have arrived at Kadena Air Base, the American air base in Japan, marking the latest fighter rotation supporting operations across the Indo-Pacific region. While deployed to the Keystone of the Pacific, the F-22s will operate alongside heavy, reconnaissance, and fourth- and fifth-generation aircraft assigned to the Air Force's 18th Wing at Kadena Air Base, s
European stocks traded higher on Wednesday, with earnings and a slew of economic data in focus. As Iran peace deal hopes fade and inflation concerns mount, traders looked ahead to the high-stakes meeting in Beijing between U.S. President Donald Trump and Chinese President Xi Jinping for direction....
Asian stocks turned in a mixed performance on Wednesday as strong momentum in technology stocks helped investors look past concerns over rising U.S. inflation and the Middle East tensions. The dollar was firm against major currencies while gold was subdued a tad above $4,700 an ounce as investors...
Tuesday, Scout24 SE (G24.DE, SCOTF.PK) announced an updated financial framework aligned with its growth strategy, revising its revenue growth framework to the high end of high single-digit to low double-digit growth for the period 2027 to 2028, compared to the CMD 2024 guidance of high single-digits...
Indian shares were subdued in early trade on Wednesday after two consecutive heavy selloff-sessions on concerns over rising crude oil prices in international markets, a weakening rupee and continued foreign fund outflows. The benchmark BSE Sensex slipped by 289 points, or 0.4 percent, to 74,269 in...
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.
The uncertain geopolitical situation in the Middle East, the spike in crude oil prices, inflationary pressures and hawkish monetary policy continued to dominate global market sentiment.
The White House says the Trump Administration's Most-Favored-Nation (MFN) drug pricing policy framework to address the major differences in drug prices and contributions to the pharmaceutical innovation enterprise across developed countries is expected to generate $529 billion in domestic savings in the next 10 years across all markets. The Trump Administration has so far reached voluntary MFN pr
The May FDA calendar appears relatively light. The upcoming regulatory milestones include a potential label expansion of argenx SE's VYVGART, and an additional indication for Daiichi Sankyo Company and AstraZeneca plc's cancer therapy Enhertu, among others.
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.
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.
A study published in the medical journal Science Progress examined the link between GLP-1 medications and hair loss among patients undergoing rapid weight loss, NewsNation reports. According to the research, semaglutide and tirzepatide, sold under brand names including Ozempic, Wegovy, Mounjaro and...
Tuesday, Alkermes plc (ALKS) announced positive topline results from the REVITALYZ phase 3 study, evaluating the investigational use of LUMRYZ extended-release oral suspension in adults with idiopathic hypersomnia. The company stated that LUMRYZ met the primary endpoint by showing statistically significant...
All the passengers have disembarked from the hantavirus-hit cruise ship MV Hondius in Tenerife and many have returned to their home countries, as the World Health Organization said the operation demonstrated a "triumph of solidarity." The repatriation effort, coordinated by Spanish authorities with...
The U.S. Centers for Disease Control and Prevention (CDC) said that it is keeping an eye on a norovirus outbreak on a Princess Cruises ship that left Fort Lauderdale over a week ago. The outbreak happened on the Caribbean Princess, which started its trip from Port Everglades on April 28. The ship...
Alphabet Inc.'s Google (GOOG)is currently in talks with SpaceX and other launch providers for an exciting project called Project Suncatcher. The goal is to deploy solar-powered data centers in orbit.
Marty Makary is stepping down from his role as commissioner of the U.S. Food and Drug Administration after a little more than a year, wrapping up a tenure marked by internal conflict and criticism from notable organisations.
A Frontier Airlines plane was evacuated on the runway at Denver International Airport after it hit and killed a pedestrian during takeoff late Friday night.
General Motors Company (GM) is letting go of around 500 to 600 salaried staff in its IT department as the carmaker reshapes its workforce to save on costs.