Financial News

The US and European economies will expand more slowly in 2025 than previously forecast, contributing to more moderate global economic growth, with risks for the global economy skewed to the downside, Scope Ratings says.

Philly Fed survey shows continued weakness in factory activity as job losses rise and new orders soften, signaling a bearish outlook for industrials.

Weak UK retail data revives BoE rate cut talk; services inflation and labor trends remain key policy hurdles.

Fed has also raised PCE inflation projections for 2025, 2026, and 2027.

Oil traders react to EIA data and focus on Trump’s comments on Iran.

U.S. housing starts fell 9.8% in May while jobless claims held steady. Builders face pressure as permits decline and multi-family demand weakens.

Sticky services inflation and oil price risks may delay BoE policy shifts despite weak GDP.

The report showed that 37% of builders cut prices in June.

U.S. retail sales fell 0.9% in May while core sales dropped 0.3%, missing forecasts and raising concerns over consumer demand and Fed policy direction.

Rare earth exports and China’s EV chip push reshape the balance in US-China trade talks. Hang Seng gains on easing trade tensions despite Middle East conflict.

Bulgaria is due to become the 21st country to join the European single currency in January 2026. This Q&A explains the timing and circumstances surrounding the country’s likely admission to the euro area.

Beijing’s focus on jobs and consumption shows signs of success, but risks remain as Middle East tensions linger.

Year-ahead inflation expectations declined from 6.6% to 5.1%.

WTI crude hits four-month high as Israeli strikes on Iran raise fears of oil supply disruption and wider Middle East conflict.

Adobe beats Q2 forecasts with $5.87B in revenue. AI tools drive growth, but shares dip. Is now the time to buy this tech stock?

Soft GDP and labor data spark hopes of an August BoE rate cut, but inflation remains key.

Trade euphoria fades as early gains in Hong Kong, China stocks fail to hold ground. Vague terms and tech silence cloud outlook.

Oracle stock jumps 8% as strong cloud earnings and AI demand fuel bullish outlook; Q4 revenue and EPS beat estimates.

Gasoline inventories increased by 1.5 million barrels from the previous week.

U.S. CPI rose just 0.1% in May, missing forecasts. Core inflation slowed, supporting a dovish Fed stance and lifting bond market sentiment.