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.
June 19, 2026 02:36 ETThe UK budget deficit widened more than officially estimated in May, data published by the Office for National Statistics showed Friday. Public sector net borrowing rose to GBP 23.3 billion from GBP 17.9 billion in the previous month. This was the second highest borrowing in any May on record....
June 18, 2026 23:11 ETAsian markets are mostly higher on Friday, following the positive cues from Wall Street overnight, with China, Hong Kong and Taiwan closed for holidays, on optimism about the end of the Middle East war amid the inking of an interim peace agreement and the opening of the Strait of Hormuz. These were partially offset by concerns about a possible interest rate hike by the US Fed later this year.
June 18, 2026 14:39 ETReversing the gains from yesterday's session, crude oil prices have edged lower on Thursday following the reopening of the Strait of Hormuz and the resumption of the free flow of oil from the gulf. Concerns related to early restoration of output in Arab nations restricted the downside movement.
June 18, 2026 08:07 ETSentiment in global markets remains mixed as an easing in geopolitical tensions attributed to the peace deal signed between the U.S. and Iran as well as renewed worries about interest rates going up, both impacted market sentiment.