UK retail sales dropped unexpectedly in November as the Black Friday effect was slightly weaker than usual, data from the Office for National Statistics showed Friday. Retail sales dropped marginally by 0.1 percent in November from a month ago. The decline confounded expectations for an increase of 0.3 percent but this was slower than October's 0.9 percent decrease.
European stocks were little changed on Friday, a day after the European Central Bank and Bank of England issued hawkish signals on the outlook for their rate paths. After November's U.S. inflation report showed an unexpected decline in price growth, the core PCE price index, widely regarded as the...
European stocks may drift lower at open on Friday as investors navigate geopolitical tensions and react to the Bank of Japan's decision to raise interest rates to the highest in 30 years. The Trump administration announced a significant arms sales package to Taiwan worth over U.S. $10 billion, drawing...
Professional services company Accenture plc (ACN) reported Thursday weak profit in its first quarter, while adjusted earnings and top line beat market estimates. Further, the firm issued second-quarter revenue view, and trimmed fiscal 2026 earnings view on a reported basis. However, the firm maintained annual forecast for adjusted earnings and revenue growth.
The Bank of England lowered its benchmark rate for the fourth time this year as inflation is expected to fall back towards the target more quickly in the near term and signaled further reductions next year. The Monetary Policy Committee, governed by Andrew Bailey, voted 5-4 to reduce the bank rate by 25 basis points to 3.75 percent, which was the lowest since early 2023.
The UK has committed to provide 600 million pounds worth of air-defense capabilities, including cutting edge turrets that can shoot down Russian drones to support Ukraine through the winter. The air defense package for Ukraine comes as Russia's aerial strikes plunges homes, hospitals, and power stations into darkness. The announcement came as UK Defense Secretary John Healey and his German coun
European stocks were muted in lackluster trade on Thursday ahead of central bank decisions from the European Central Bank and the Bank of England. Traders also await key U.S.CPI data later in the day, followed by the Personal Consumption Expenditures price index on Friday, for additional clues on...
European stocks are seen opening a tad lower on Thursday as investors await key U.S. consumer price inflation data later in the day for fresh guidance on the outlook for interest rates. Meanwhile, the European Central Bank is expected to hold interest rates steady for its fourth meeting in a row...
UK inflation slowed more than expected in November, strengthening the call for an interest rate reduction this week, official data revealed on Wednesday. The consumer price index rose 3.2 percent year-on-year, slower than the 3.6 percent increase in October, the Office for National Statistics said. Inflation was forecast to ease marginally to 3.5 percent.
European stocks traded higher on Wednesday, with banks and commodity-stocks leading the surge ahead of central bank decisions from the European Central Bank, Sweden's Riksbank, Bank of England, and Norway's Norges Bank due this week. Investors cheered data that showed U.K. inflation slowed more than...
European stocks are seen opening flat to lower on Wednesday after the S&P 500 fell for a third day on economic worries. After the release of mixed U.S. employment data, traders now look ahead to Thursday's release of the consumer price index reading for November for more clarity on the economic and...
European stocks were subdued on Tuesday ahead of the release of Eurozone business activity data later in the day. The U.S. nonfarm payroll report for October and November will garner attention in the New York session. The U.K. unemployment rate rose slightly in the three months to October, the...
The UK unemployment rate rose slightly in the three months to October, the Office for National Statistics said on Tuesday. The jobless rate climbed to 5.1 percent in the three months to October from 5.0 percent in the preceding period. In the three months to October, average earnings excluding bonuses grew 4.6 percent from the prior year, which was slightly faster than the forecast of 4.5 percent.
European stocks look set to open lower on Tuesday as investors await cues from key U.S. data and central bank decisions. The delayed monthly jobs report for November along with the October retail sales report will be in the spotlight today, while the consumer price index for November is scheduled...
European stocks traded higher on Monday ahead of a busy week for U.S. economic data and a slew of central bank decisions. Investors shrugged off data that showed Germany's wholesale price inflation accelerated in November to the highest level in nine months. Wholesale prices rose 1.5 percent year-over-year...
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.