Financial News

Gasoline inventories decreased by 4 million barrels from the previous week.

U.S. consumer spending surged 0.7% in March while core PCE inflation stayed flat, signaling strength in demand with limited inflation risk for traders.

U.S. GDP shrank 0.3% in Q1 2025 as import surges before Trump tariffs and slower consumer spending triggered the first economic decline since 2022.

U.S. private sector adds just 62K jobs in April, missing forecasts. Services drag overall growth, signaling a neutral to bearish near-term labor outlook.

China’s manufacturing shows resilience, yet tariffs weigh on trade, pricing, and hiring decisions.

CB Consumer Confidence declined from 92.9 in March to 86.0 in April, missing analyst estimates.

U.S. home prices edged higher in February, with tight supply keeping pressure on prices despite mortgage rates near 6.5%. Regional trends remain mixed.

GM beats Q1 estimates but halts buybacks and reassesses guidance as US tariffs raise costs and cloud stock market outlook for US indices.

Trump hardens tariff stance as Beijing tests US pain tolerance with trade war countermeasures.

U.S. Dollar Index tested session lows as traders reacted to the report.

Year-ahead inflation expectations jumped from 5.0% in March to 6.5% in April.

UK retail sales unexpectedly rise in March but are unlikely to lower BoE rate cut bets as inflation and job data soften.

Alphabet stock jumps 4% post-Q1 beat, unveils $70B buyback and dividend hike. Ad revenue holds strong as cloud growth slows but margins improve.

Natural gas prices tested session lows after the release of the EIA report.

U.S. jobless claims rose to 222K, but the labor market remains solid. Durable goods surged 9.2%, driven by transportation. What traders need to know now.

IMF cuts 2025 U.S. and China growth forecasts; Trump flip-flops on trade war rhetoric.

PMI data showed that business activity growth slowed down in April.

Germany’s private sector contracted in April, reviving fears of stagnation as weak PMIs and IMF downgrades cloud the 2025 outlook.

Tesla stock jumps 5% pre-market after weak earnings as Elon Musk pledges to refocus on the EV giant. Traders eye his renewed commitment to growth.

Italy’s economy is set to grow more slowly in 2025-26 given US tariffs and delays in recovery-plan investments. Still, reforms and continuing EU-fund deployment should support medium-term growth after 2026.