The euro area economy contracted for the first time in more than three years in the first quarter, in contrast to the earlier estimates, dragged down by the massive slump in Ireland, official data revealed Friday. Gross domestic product shrank 0.2 percent on a quarterly basis, offsetting the 0.2 percent growth seen in the fourth quarter, latest data from the statistical office Eurostat showed.
The Reserve Bank of India left its key policy rates unchanged on Friday and unveiled a slew of measures to attract dollar inflows as the rupee continues to slide amid a mix of surging oil prices, foreign capital outflows from emerging markets and geopolitical risks triggered by the Middle East conflict. The Monetary Policy Committee unanimously decided to hold interest rates.
The Japanese yen weakened against most major currencies in the European session on Friday, traders are skeptical that the BoJ would raise interest rates in the policy meeting on June 16. Concerns persist over whether the Bank of Japan (BoJ) will raise interest rates during the June 16 policy meeting. Later...
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as traders remain cautious amid mixed signals from the U.S.-Iran peace talks after news of Lebanese armed group Hezbollah emphatically rejecting the terms...
The Reserve Bank of India left its key policy rates unchanged on Friday, and upgraded its inflation outlook citing higher oil prices and monsoon uncertainty. The Monetary Policy Committee, governed by Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.25 percent. The committee also decided to continue with the neutral stance.
The U.S. Dollar value traded unchanged as positive indications of de-escalation in the Middle East tensions surface after Israel-Lebanon truce announcement. Consequential fall in crude oil prices reduced inflationary pressures.
First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week's revised level of 212,000.
The euro strengthened against other major currencies in the European session on Thursday, as market sentiment improved following the announcement of a truce in Lebanon, despite the release of weak Eurozone retail sales report. Israel and Lebanon agreed to implement a ceasefire. Lower oil prices...
The UK construction sector shrank at the fastest pace in six years in May amid shrinking order books and rising economic uncertainty, survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index unexpectedly fell to 38.2 in May from 39.7 in the previous month. The reading was seen at 40.4.
The Canadian dollar weakened against other major currencies in the European session on Thursday, as investor mood was negatively impacted by the escalation of international trade and the conflicts in the Middle East. New attacks in the Middle East stalled the signing of a U.S.-Iran peace agreement,...
Germany's construction activity continued to contract sharply in May with firms recording a sustained fall in activity alongside soaring input costs, survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index posted 42.4 in May, up from April's 13-month low of 42.1.
Retail sales from the euro area and construction purchasing managers' survey results from Germany are the top economic news due on Thursday. At 2.30 am ET, consumer price data is due from Switzerland. Inflation is forecast to accelerate to 0.8 percent in May from 0.6 percent in April.
The U.S. Dollar value edged higher after fresh attacks in the gulf renewed war concerns while private jobs data from the U.S. showed an increase of 122,000 in May, exceeding expectations.
A report released by the Commerce Department on Wednesday showed a substantial increase in new orders for U.S. manufactured goods in the month of April. The Commerce Department said factory orders soared by 4.8 percent in April after jumping by an upwardly revised 1.8 percent in March. Economists...
The Institute for Supply Management released a report on Wednesday showing its reading on U.S. service sector activity increased by more than expected in the month of May. The ISM said its services PMI rose to 54.5 in May from 53.6 in April, with a reading above 50 indicating growth. Economists had expected the index to tick up to 53.7.
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.