The Reserve Bank of Australia raised its key interest rate by a quarter basis point for the third straight meeting as inflation is expected to remain above the target as the war in the Middle East pushed up fuel prices. The RBA policy board, led by Governor Michele Bullock, decided to lift the cash rate target by 25 basis points to 4.35 percent in a split vote on Tuesday, in line with economists
Indonesia's economy grew at the fastest pace in more than three years in the first quarter as government stimulus measures supported the nation amid the adverse effects of the war in the Middle East. Gross domestic product logged an annual growth of 5.61 percent in the first quarter, surpassing the 5.39 percent expansion registered in the fourth quarter, Statistics Indonesia said Tuesday.
The Australian dollar retreated from recent highs against other major currencies in the Asian session on Tuesday, despite the Reserve Bank of Australia raised its key interest rate by a quarter-point as risks to inflation remain tilted to the upside. The policy board, governed by Michele Bullock,...
The U.S. Dollar value inches lower amid renewed escalation in the Strait of Hormuz crisis that pushed crude oil prices higher and sparked inflationary concerns once again lowering the risk appetite for investors.
New orders for U.S. manufactured goods increased by much more than expected in the month of March, according to a report released by the Commerce Department on Monday. The Commerce Department said factory orders jumped by 1.5 percent in March after rising by an upwardly revised 0.3 percent in February.
Eurozone investor sentiment improved unexpectedly in May, driven by investor expectations that the conflict with Iran would not escalate further, a survey conducted by the behavioral research institute Sentix showed Monday. The investor sentiment index rose to -16.4 in May from -19.2 in April. The score was forecast to fall to -20.9.
The euro area factory activity expanded at its strongest pace in nearly four years in April as manufacturers front-loaded their orders due to fears of the war-induced price increases and supply shock, final data from S&P Global showed Monday. The manufacturing Purchasing Managers' Index rose to a 47-month high of 52.2 in April, in line with flash estimate, from 51.6 in March.
The Canadian dollar weakened against other major currencies in the Asian session on Monday, as the decline in crude oil prices following the commencement of Operation Freedom by President Trump. Traders remain cautious amid the uncertainty prevailing around the peace proposal to end the Middle East...
Final manufacturing Purchasing Managers' survey and Sentix investor confidence from the euro area are the top economic news due on Monday. At 3.15 am ET, S&P Global publishes Spain's manufacturing PMI survey results. The factory PMI is forecast to rise to 49.5 in April from 48.7 in the previous month.
The U.S. Dollar value ticked higher with the Strait of Hormuz continuing to remain closed keeping inflationary concerns alive amid reports of Iran sending a fresh peace proposal to the U.S. to end the gulf war eased escalation tensions which capped the gains.
Manufacturing activity in the U.S. expanded for the fourth consecutive month in April, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI came in at 52.7 in April, unchanged from March. While a reading above 50 still indicates growth, economists had expected the index to inch up to 53.0.
UK mortgage approvals rose unexpectedly in March, reaching a four-month high, while consumer credit logged its fastest growth since early 2024, official data showed Friday. The number of mortgages approved in March rose to 63,531 from 62,708 in the previous month, the Bank of England reported. Approvals were forecast to fall to 60,000.
UK house prices logged a faster growth in April despite geopolitical tensions in the Middle East and rising energy prices, data published by Nationwide Building Society showed Friday. House prices grew by more-than-expected 3.0 percent on a yearly basis in April, following an increase of 2.2 percent in March. Prices were expected to rise again by 2.2 percent.
Mortgage approvals and final manufacturing Purchasing Managers' survey results from the UK are due on Friday. At 2.00 am ET, UK Nationwide house price data is due. House prices are forecast to grow 2.2 percent on a yearly basis in April, the same rate of growth as seen in March.
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.