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 12, 2026 03:55 ETIndonesia's retail sales decreased for the first time in three months in April. Retail sales fell 1.9 percent year-over-year in April, reversing a 3.4 percent growth a month ago. The decline was influenced by the normalization of public demand following the national religious holidays of Ramadan and Eid al-Fitr.
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 05:51 ETOil prices were slightly lower on Wednesday after three days of strong gains. Brent crude futures for July delivery slipped 0.3 percent to $107.46 a barrel while WTI crude futures for June delivery were down 0.6 percent at $101.58. Traders booked some profits at higher levels after the International...
May 14, 2026 08:01 ETPositive sentiment generated by the strong earnings updates from the corporate sector as well as the AI momentum eclipsed the pain created by the war-led spike in crude oil prices and a potentially hawkish monetary policy action.