Euro zone stalls as energy shock bites
Business surveys show war-driven cost pressure is already hitting activity Private sector growth in the euro zone nearly stalled in March, adding to signs that the war in the Middle East is
Bank of England Holds as Iran War Clouds Outlook
Markets shift from rate-cut hopes to fears of tighter policy The Bank of England has left interest rates unchanged, but the decision did little to calm markets increasingly worried that the conflict
US Diesel Tops $5 as Oil Shock Hits Economy
Fuel surge raises pressure on freight and consumer costs Diesel prices in the United States have climbed above $5 a gallon for the first time in more than three years, signaling a
Fed Officials Caution on Rates Amid Inflation Risks
Williams, Barkin emphasize patience as policy uncertainty grows New York Federal Reserve President John Williams said Monday that the current stance of U.S. monetary policy is “well positioned” for what the economy
Eurozone Inflation Eases, ECB Rate Cut Likely
March data fuels speculation of April policy shift Eurozone inflation slowed for the second consecutive month in March, coming in at 2.2%, down from 2.3% in February and reinforcing expectations that the
Gold Breaks $3,100 as Tariff Fears Mount
Record high driven by Trump policies and geopolitical turmoil Gold prices surged to an all-time high on Monday, topping $3,100 per ounce for the first time amid fears over U.S. President Donald
Goldman Sachs Warns of Higher Recession Risk
Tariffs, inflation, and confidence shocks drive economic forecast shift The US economy faces heightened recession risks as escalating tariffs under President Donald Trump’s administration threaten to stunt growth, rekindle inflation, and lift
Trump Auto Tariffs May Add $10K to Car Prices
New 25% levy targets imported vehicles and parts President Donald Trump on Wednesday announced a 25% tariff on imported cars and key auto parts, effective April 3. The new measure adds to
Irish Consumer Confidence Dives on Trade War Fears
Sentiment hits lowest level in nine months amid tariff threats Consumer sentiment in Ireland dropped sharply in March, hitting a nine-month low as concerns mounted over the possible fallout from a U.S.-Europe
U.S. Growth Hits 2.4%, But Tariffs Threaten Outlook
Year-end consumer spending fuels fourth-quarter GDP The U.S. economy expanded at a 2.4% annualized rate in the final quarter of 2024, according to revised data from the Commerce Department released Thursday. The
Trump Tariff Fears Push Copper Prices to Record High
New York copper hits all-time high Copper prices in New York hit an all-time high on Wednesday, with futures spiking to $5.374 per pound before settling at a record $5.24. The surge
Indonesia Ready to Intervene as Rupiah Nears 1998 Lows
Central bank monitoring markets The Indonesian central bank said it is ready to intervene to stabilise the rupiah, which on Wednesday stayed close to its lowest levels since 1998 even as officials
US Consumer Confidence Hits 4-Year Low in March
Economic outlook dims as inflation fears and Trump policies weigh Americans are growing more pessimistic about the future of the U.S. economy, with consumer confidence falling to its lowest level in over