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  • U.K. House Prices Fall For Third Month: Halifax Survey June 05, 2026 11:33 ET

    House prices in the U.K. fell for a third month in a row in May amid the global uncertainty linked to the tensions in West Asia and subdued demand due to higher borrowing costs, results of a survey by S&P Global showed on Friday. The house price index fell 0.1 percent month-on-month in May, same as in April, the S&P Global survey conducted for the Lloyds Bank subsidiary Halifax revealed.

  • European Shares Mixed As Hezbollah Rejects Lebanon Ceasefire June 05, 2026 05:12 ET

    European stocks were mixed in cautious trade on Friday as a global rally in artificial intelligence-related stocks fizzled out and investors kept a wary eye on the latest developments in the Middle East. Hezbollah has rejected a new ceasefire agreement with Israel, and the Israel Defense Forces (IDF)...

  • European Shares Set For Broadly Lower Open June 05, 2026 01:43 ET

    European stocks are seen opening broadly lower on Friday as AI-driven rally that boosted stocks earlier this week fizzled out and the U.S.-Iran-Israel conflict remained unresolved, despite the ceasefire and diplomacy. U.S. stock index futures edged lower ahead of the nonfarm payrolls report later...

  • UK Construction Sector Contracts Most Since 2020 June 04, 2026 06:38 ET

    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.

  • European Shares Edge Higher On Lebanon Ceasefire; FTSE 100 Dips As Energy Stocks Drag June 04, 2026 05:16 ET

    European stocks edged higher on Thursday and oil prices fell more than 1 percent toward $96 a barrel as Israel and Lebanon agreed to renew their fragile ceasefire following days of bombardment and drone strikes. That said, regional gains remained capped by fresh jitters over private credit markets,...

  • European Shares Set For Cautious Open As Broadcom's AI Forecast Disappoints June 04, 2026 01:52 ET

    European stocks are seen opening lower on Thursday, with tech stocks likely to be in focus after Broadcom delivered a disappointing forecast for artificial intelligence chip revenue, raising fresh concerns about the durability of the artificial-intelligence rally that has driven global equities to record...

  • European Shares Decline Amid Uncertainty Surrounding US-Iran Talks June 03, 2026 05:05 ET

    European stocks edged lower on Wednesday as renewed Middle East tensions continued to push oil prices higher, clouding the outlook for inflation and interest rates. Brent crude futures jumped nearly 3 percent toward $99 a barrel after the U.S. military said it had thwarted Iranian missile attacks...

  • European Shares Seen Tad Lower At Open June 03, 2026 01:41 ET

    European stocks are seen opening a tad lower on Wednesday as investors weigh AI optimism against mounting economic concerns. Markets now see an ECB rate hike next week after Eurozone inflation rose to the highest since 2023 in May, driven by energy and services. In a speech prepared for the University...

  • UK Mortgage Approvals At 15-Month High June 02, 2026 08:58 ET

    UK mortgage approvals rose to a 15-month high in April despite higher borrowing costs, data from the Bank of England showed Tuesday. Mortgage approvals unexpectedly increased to 65,945 in April from 63,979 in the previous month. This was the highest since January 2025 and was above forecast of 62,000.

  • British Paralympian Could Become First Astronaut With Disability To Enter Space June 02, 2026 08:47 ET

    British Paralympic sprinter and surgeon John McFall is set to become the first physically disabled astronaut to enter the aerospace. John, an NHS surgeon who lost his right leg in a motorcycle accident at the age of 19, was selected by the European Space Agency in 2022 for its ground-breaking Fly! Project, which is pioneering the inclusion of astronauts with physical disabilities in long-duration

  • European Shares Edge Higher As Trump Says Iran Talks Remain Active June 02, 2026 05:24 ET

    European stocks traded higher on Tuesday and oil prices fell more than 1 percent as U.S. President Donald Trump confirmed ongoing U.S.-Iran talks and said he had persuaded Israel and Hezbollah to dial back fighting. Meanwhile, a European Parliament committee has approved removing most EU duties on...

  • European Shares Seen Tad Higher At Open June 02, 2026 01:40 ET

    European stocks look set to open a tad higher on Tuesday despite renewed uncertainty over U.S.-Iran peace negotiations. After Iran suspended indirect negotiations with the United States and insisted there can be no peace that doesn't include Lebanon, the Lebanese government announced that a limited...

  • European Shares Subdued As US And Iran Exchange Renewed Fire June 01, 2026 05:09 ET

    European stocks were flat to slightly lower on Monday as investors weighed the latest developments in the Middle East and monitored oil prices movements. Brent crude futures jumped more than 3 percent toward $94 a barrel after the United States and Iran exchanged fire over the weekend, and Israeli...

  • UK Nationwide House Prices Fall In May June 01, 2026 03:54 ET

    UK house prices declined for the first time this year amid high uncertainty over the developments in the Middle East and its impact on inflation and market interest rates, data from Nationwide Building Society showed Monday. House prices dropped 0.6 percent month-on-month in May, in contrast to the 0.4 percent rise in the prior month. This was the first monthly drop so far this year.

  • European Shares Rise On Hopes Of US-Iran Peace Deal May 29, 2026 05:02 ET

    European stocks advanced on Friday, the dollar headed for a small weekly loss on improved risk sentiment in markets, and oil prices slipped to a one-month low after reports emerged the United States and Iran have agreed in principle to extend their ceasefire by 60 days. According to the tentative...

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

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.

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