International Economic
US existing home sales drop by more than forecast in March
Second hand home sales fell by more than anticipated last month.
US durable goods orders surge in March thanks to Boeing
Durable goods orders in the States surged in March, as Boeing ramped up its production cadence following a very damaging strike.
US initial jobless claims rise to 222,000
Americans lined up for unemployment benefits at an accelerated pace in the week ended 19 April, according to the Department of Labor.
Trump says that he will be 'very nice' with China
The US President sounded a conciliatory tone regarding the country's trade disputes with Beijing.
US mortgage applications slump 12.7pc
US mortgage applications slumped 12. 7% in the week ended 18 April, according to the Mortgage Bankers Association of America, extending the prior week's 8. 5% drop with the sharpest decline since October 2024.
Euro area factory activity holds up in April, but services softens
Economic activity in the single currency bloc continued to cool in April, as new orders fell more rapidly and weaker confidence in the outlook, preliminary survey results revealed.
US Treasury Secretary expects trade war with China to de-escalate
The head of America's Treasury believes that the trade war with China will de-escalate.
Russia offers to halt invasion at current frontline
The Russian president has offered to stop the invasion of Ukraine at the point where the frontline currently stands.
Richmond Fed's manufacturing index plummets in April
The Richmond Federal Reserve's manufacturing index plummeted to -13 in April, down from March's -4 reading and far worse than analysts' estimates of -6.
Putin announces 30-hour Easter truce
Russian President Vladimir Putin ordered a 30-hour halt to attacks on Ukraine at the weekend.
US initial jobless claims unexpectedly fall by 9,000
Americans lined up for unemployment benefits at a decelerated pace in the week ended 12 April, according to the Department of Labor.
US mid-Atlantic factory activity plummets in April, Philly Fed says
Factory sector activity in the US mid-Atlantic region shrank sharply in April, as trade tariffs began to bite, according to the results of a closely followed survey.
ECB cuts rates by 25 basis points, as expected
The European Central Bank cut interest rates on Thursday by 25 basis points, as expected.
US industrial production rises as expected in March
Industrial production in the US dipped last month, but only due to a drop in output from utilities.
US retail sales spike as consumers try to get ahead of tariffs
Spending by Americans spiked last month, in part due to an attempt to front run the imminent imposition of import tariffs.
Fund managers' recession expectations rise amid tariff war - BofA
A growing number of fund managers is expecting a recession this year as Trump’s tariff war takes its toll.
Chinese GDP, retail sales and industrial output smash forecasts
The annual rate of economic growth in China held steady in the first quarter of 2025, as industrial production and retail sales growth accelerated in March, though the looming impact of US trade tariffs is likely to weigh on activity in the coming months.
Euro area CPI inflation dips in March, core prices steady
The cost of living in the euro area rose a bit more slowly last month, as energy prices fell back.
China open to talks with US under certain conditions - Bloomberg
Beijing was open to talks with the US if Washington first committed to a number of conditions.
Oil prices slip as IEA cuts demand growth forecast
Oil prices edged lower on Tuesday after the International Energy Agency (IEA) significantly reduced its forecast for global oil demand growth, citing mounting economic headwinds and escalating trade tensions.