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Top Economic News

Seven-Year Note Auction Attracts Average Demand

May 28, 2026 13:11 ET economy2 30052024 lt

Finishing off this week's series of announcements of the results of its long-term securities auctions, the Treasury Department on Thursday revealed this month's auction of $44 billion worth of seven-year notes attracted average demand. The seven-year note auction drew a high yield of 4.290 percent...

  • U.S. Consumer Prices Climb 0.4% In April, Slightly Less Than Expected May 28, 2026 10:41 ET

    The Commerce Department released a report on Thursday showing consumer prices in the U.S. increased by slightly less than expected in the month of April. The report said the personal consumption expenditures (PCE) price index rose by 0.4 percent in April after climbing by 0.7 percent in March. Economists had expected prices to increase by 0.5 percent.

  • Croatia Q1 GDP Growth Weakest In 5 Years May 28, 2026 10:07 ET

    Croatia's economy grew at the slowest pace in just over five years in the first quarter of this year amid a slower growth in consumption and investments as well as the slump in exports and imports, preliminary data from the Croatian Bureau of Statistics showed on Thursday. Gross domestic product rose...

  • Sri Lanka Central Bank Hikes Rates By 100 Bps May 26, 2026 02:24 ET

    Sri Lanka's central bank raised its benchmark interest rates by 100 basis points on Tuesday, as inflation is expected to remain above the target in the period ahead due to rising oil prices. The Monetary Policy Board of the Central Bank of Sri Lanka decided to raise its overnight policy rate to 8.75...

U.S. Crude Oil Inventories Fall Less Than Expected

May 28, 2026 12:05 ET rttnewslogo20mar2024 lt

A report released by the Energy Information Administration on Thursday showed crude oil inventories in the U.S. decreased by less than expected in the week ended May 22nd. The EIA said crude oil inventories slid by 3.3 million barrels last week after plunging by 7.9 million barrels in the previous...

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

Belgium Inflation Rises To 16-month High In May

May 28, 2026 10:55 ET rttnewslogo20mar2024 lt

Belgium's consumer price inflation accelerated in May to the highest level in nearly one-and-a-half years amid higher energy costs. The consumer price index climbed 4.08 percent year-over-year in May, faster than the 4.01 percent rise in April. Inflation based on energy quickened to 11.2 percent from 10.6 percent in April. Fuel costs were 27.3 percent more expensive.

  • Irish Retail Sales Fall 0.5% In April May 28, 2026 10:30 ET

    Ireland's retail sales decreased for the first time in thirteen months in April. The volume of retail sales dropped a seasonally adjusted 0.5 percent year-on-year in April, reversing a 0.9 percent increase in the previous month. The largest annual volume of decline was recorded in furniture and lighting, which fell by 10.3 percent.

  • Iceland Inflation Eases To 5-month Low In May May 28, 2026 09:53 ET

    Consumer price inflation in Iceland moderated slightly in May to the lowest level in five months. The consumer price index rose 5.1 percent year-on-year in May, slightly slower than the 5.2 percent rise in April. The CPI excluding housing costs was 4.6 percent higher than a year ago. The annual price growth for food and non-alcoholic beverages softened to 4.2 percent from 4.9percent.

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Hong Kong Trade Gap Widens In April

May 28, 2026 08:05 ET rttnewslogo20mar2024 lt

Hong Kong's trade deficit increased notably in April from a year ago as imports grew faster than exports. The trade shortfall rose to HK$29.5 billion in April from HK$16.0 billion in the same month last year. Meanwhile, the deficit narrowed sharply from HK$89.1 billion in March. The annual growth in exports was 42.9 percent in April, and imports surged by 44.4 percent.

Futures Pointing To Slightly Lower Open On Wall Street

May 28, 2026 08:56 ET

The major U.S. Index futures are currently pointing to a slightly lower open on Thursday, with stocks likely to move back to the downside after ending yesterday’s choppy trading session modestly higher. A rebound by the price of crude oil may weigh on Wall Street amid concerns about a re-escalation...

  • Canadian Stocks Closes Higher After Recovering From Initial Weakness May 28, 2026 16:21 ET

    Canadian stocks moved to the downside early in the session on Thursday but regained ground over the course of the trading day to close modestly higher. The benchmark S&P/TSX Composite Index climbed well off its worst levels of the day and into positive territory, closing up 105.65 points or 0.3 percent...

  • U.S. Stocks Recover From Initial Weakness To Reach New Record Highs May 28, 2026 16:12 ET

    Stocks moved to the downside in early trading on Thursday but showed a significant turnaround over the course of the session. The major averages climbed well off their lows of the session and into positive territory, with the tech-heavy Nasdaq leading the rebound. The major averages once again finished the day at new record closing highs.

  • Crude Oil Pulls Back Well Off Early Highs After Overnight Spike May 28, 2026 14:30 ET

    Crude oil futures skyrocketed overnight but have shown a significant pullback over the course of the trading day on Thursday. After surging as much as $3.84 or 4.3 percent to a high of $92.52 a barrel, crude for July delivery was seen trading up by $0.32 or 0.4 percent at $89 a barrel. The pullback...

  • Swiss Market Ends Notably Lower May 28, 2026 13:48 ET

    The Switzerland market opened weak on Thursday and languished in negative territory right through the session as investors stayed wary of picking up stocks amid worries about Middle East tensions.

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U.S. Durable Goods Orders Spike 7.9% In April, Much More Than Expected

May 28, 2026 11:02 ET usdurablegoodsorders 28052026 lt

A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods soared by much more than expected in the month of April. The Commerce Department said durable goods orders spiked by 7.9 percent in April after jumping by an upwardly revised 1.3 percent in March.

  • U.S. New Home Sales Pull Back Much More Than Expected In April May 28, 2026 10:11 ET

    After reporting a sharp increase in new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing new home sales pulled back by much more than expected in the month of April. The Commerce Department said new home sales plunged by 6.2 percent to an...

  • U.S. Jobless Claims Rise Slightly More Than Expected To 215,000 May 28, 2026 10:03 ET

    A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by slightly more than expected in the week ended May 23rd. The Labor Department said initial jobless claims climbed to 215,000, an increase of 5,000 from the previous week's revised level of 210,000. Economists had expected jobless claims to rise to 213,000.

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Time (ET)
Country
Economic Indicator
Period
Actual
Previous
Forecast
Thursday, May 28, 2026
02:45
FRA
PPI (M-o-M)
APR
-2.1 %
1.9 (R) %
 
02:45
FRA
PPI (Y-o-Y)
APR
2.1 %
0.0 (R) %
 
03:00
ESP
Retail Sales (M-o-M)
APR
-1.5 %
1.2 %
 
03:00
ESP
Retail Sales (Y-o-Y)
APR
0.8 %
4.1 %
 
05:00
EUR
Consumer Confidence Index
MAY
-19
-20.6
 
05:00
EUR
Industrial Confidence Index
MAY
-8
-7.7
 
05:00
EUR
Services Confidence Index
MAY
2.2
1.4 (R)
 
08:30
CAN
Current Account Balance - BoP
Q1
C$ -7.2 B
C$ -1.0 (R) B
 
08:30
CAN
Non-Farm Payroll (M-o-M)
MAR
-31.8 K
-69.9 (R) K
 
08:30
USA
Durable Goods Orders (M-o-M)
APR
7.9 %
1.3 (R) %
2.6 %
08:30
USA
Durable Goods Orders Ex. Transportation (M-o-M)
APR
1.1 %
1.1 (R) %
 
08:30
USA
GDP (Q-o-Q)
Q1
1.6 %
0.5 %
2 %
08:30
USA
GDP (Y-o-Y)
Q1
3.5 %
3.7 %
 
08:30
USA
Personal Income (M-o-M)
APR
0 %
0.5 (R) %
0.4 %
08:30
USA
Personal Spending (M-o-M)
APR
0.5 %
1.0 (R) %
0.5 %
08:30
USA
PCE Deflator (M-o-M)
APR
0.4 %
0.7 %
0.5 %
08:30
USA
PCE Deflator (Y-o-Y)
APR
3.8 %
3.5 %
3.9 %
08:30
USA
Core PCE Deflator (M-o-M)
APR
0.2 %
0.3 %
0.3 %
08:30
USA
Core PCE Deflator (Y-o-Y)
APR
3.3 %
3.2 %
3.3 %
08:30
USA
Initial Jobless Claims
MAY 23
215 K
210 (R) K
212.5 K
10:00
USA
New Home Sales - Units
MAR
622 K
663 (R) K
662.5 K
10:30
USA
EIA Natural Gas Inventory (Cubic Feet)
MAY 22
2483 B
2391 B
 
12:00
USA
EIA Crude Oil Inventory (Barrels)
MAY 22
 
445.0 M
 
19:30
JPN
Job-To-Applicant Ratio
APR
 
1.18
 
19:30
JPN
Unemployment Rate
APR
 
2.7 %
2.7 %
19:30
JPN
Tokyo Core CPI (Y-o-Y)
APR
 
1.5 %
1.6 %
19:30
JPN
Tokyo CPI (Y-o-Y)
APR
 
1.5 %
1.6 %
19:50
JPN
Large Retailers' Sales
APR
 
8.5 %
 
19:50
JPN
Retail Trade (Y-o-Y)
APR
 
1.7 %
1.5 %
19:50
JPN
Industrial Production (M-o-M)
APR P
 
-0.4 %
-0.1 %
19:50
JPN
Industrial Production (Y-o-Y)
APR P
 
2.4 %
0.9 %
21:30
AUS
M3 Money Supply (M-o-M)
APR
 
0.7 %
 
21:30
AUS
M3 Money Supply (Y-o-Y)
APR
 
8.1 %