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UK Retail Sales Fall Most In Nearly A Year; Consumer Sentiment Rises
UK retail sales declined at the fastest pace in nearly a year in April as consumers reduced fuel purchases after the outbreak of the conflict in the Middle East. A private survey today showed that British consumer sentiment improved in May but rising inflation and continued uncertainty around the interest rate raised concerns about the sustainability of this improvement.
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112 days ago
Gold Headed For Weekly Loss On Fed Rate-hike Bets
Gold prices traded lower on Friday and headed for a weekly loss despite renewed optimism about U.S.-Iran talks. Both the sides are still at odds over Tehran's uranium stockpile and future control of the Strait of Hormuz.
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112 days ago
DAX Firmly In Positive Territory Despite Paring Some Early Gains
German stocks climbed higher on Friday amid renewed hopes of a U.S.-Iran peace deal thanks to signs of progress in negotiations. Data showing an improvement in German consumer sentiment and a slightly faster pace of economic growth aided sentiment.
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112 days ago
Oil Headed For Weekly Loss On Optimism Over US-Iran Peace Talks
Oil prices traded higher on Friday but headed for a weekly loss amid renewed optimism about U.S.-Iran talks. However, both the sides are still at odds over Tehran's uranium stockpile and future control of the Strait of Hormuz.
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112 days ago
French Court Rules Air France And Airbus Guilty In 2009 Plane Crash; Companies To Appeal
A French court has found that Air France and Airbus are guilty of involuntary manslaughter in a 2009 plane crash in the Atlantic Ocean that killed 228 people on board. The Paris Court of Appeal ruled the companies are solely and entirely responsible, citing failures to address known safety risks. Each company was fined the maximum legal penalty of 225,000 euros or about $260,000...
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112 days ago
European Shares Hover Near Two-week Highs On US-Iran Deal Optimism
European stocks rose to reach a two-week high on Friday amid renewed optimism about signs of progress in U.S.-Iran peace talks.
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112 days ago
Asian Shares Extend Gains On US-Iran Deal Hopes
Asian stocks ended higher on Friday, extending gains from the previous session on rising hopes for a diplomatic resolution to the Middle East conflict.
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112 days ago
more news
German GfK Consumer Confidence Set To Improve In June
German consumer sentiment is set to improve in June driven by rising income expectations and willingness to buy but the war in the Middle East continues to cloud the outlook, latest results of the NIM Consumer Climate powered by GfK showed Friday. The consumer confidence index rose unexpectedly to -29.8 points in June from -33.1 points in May. The score was expected to fall to -33.7.
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112 days ago
U.S. Dollar Eases Against Majors
The U.S. dollar eased against its major counterparts in the New York session on Thursday.
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112 days ago
European Economic News Preview: German GDP, Business & Consumer Sentiment Due
Quarterly national accounts, business and consumer sentiment survey results from Germany and retail sales and public finance from the UK are the top economic news due on Friday. At 2.00 am ET, Destatis releases Germany's GDP data for the first quarter. The preliminary estimate showed that the largest euro area economy expanded 0.3 percent after rising 0.2 percent in the fourth quarter.
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112 days ago
European Shares Look Set For Steady Open
European stocks are seen opening higher on Friday amid renewed optimism about U.S.-Iran talks.
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112 days ago
Indian Shares Edge Higher On US-Iran Peace Deal Hopes
Indian shares opened higher on Friday, tracking firm cues from global markets amid renewed optimism about U.S.-Iran talks.
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112 days ago
Australian Market Maintains Early Gains In Mid-market
The Australian stock market is maintaining its early gains in mid-market moves on Friday, extending the sharp gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,650 level, with gains in financial and mining stocks partially offset by weakness in energy stocks.
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112 days ago
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