Economy news

Germany's harmonized consumer price index (CPI) fell unexpectedly to 2% in August, a notable decrease from July's 2.6% and lower than the 2.3% predicted by analysts. The data indicates a slowing inflation rate, with the CPI dipping by 0.2% monthly. T...

The yield on the U.S. 10-year Treasury fell to 3.788% on Monday, continuing its recent downward trend as markets digest Federal Reserve Chair Jerome Powell's comments that signaled potential rate cuts. The 10-year yield slipped by approximately 2 bas...

U.S. crude oil prices held steady above $72 per barrel on Thursday, reflecting a modest 0.91% yearly increase. This comes after a period of volatility driven by weakening demand in China and renewed concerns about the U.S. economy. In contrast, Brent...

Eurozone inflation increased to 2.6% year-on-year in July, slightly up from 2.5% in June. This rise beat initial economist estimates of 2.4% and reinforced concerns about persistent inflationary pressures within the bloc. Core inflation, which e...

The European Union has revised its planned tariffs on Chinese electric vehicles (EVs), reducing the import duties on Tesla vehicles manufactured in China to 9%, down from an originally proposed 20.8%. This decision follows Tesla's request to adjust t...

Gold prices have reached historic highs, driven by expectations of lower interest rates and growing demand for safe-haven assets. In contrast, base metals like copper have faltered due to sluggish economic growth, particularly in China. Last Fri...

Germany's economic sentiment sharply declined in August, as the respected ZEW Economic Sentiment Index dropped from 41.8 points in July to 19.2 points. This 22.6-point plunge reflects growing pessimism about the country’s economic outlook, which exte...

Japan's economy saw a robust recovery in the second quarter, expanding at an annualized rate of 3.1%, far surpassing the anticipated 2.1% growth. This rebound followed a revised 2.3% contraction in the first quarter, driven by a strong rise in privat...

The British pound retreated after weaker-than-expected July inflation data signaled the potential for further interest rate cuts by the Bank of England. The pound fell by 0.22% against the US dollar and 0.18% against the euro. The data showed a 2.2%...

U.S. Treasury yields rose on Monday as investors focused on upcoming inflation data and other critical economic reports scheduled for the week. By Monday morning, the yield on the 10-year Treasury increased by more than 1 basis point to 3.953%, while...

The Bank of England (BOE) has cut interest rates for the first time since the pandemic, reducing the benchmark from 5.25% to 5%. This move, marking a significant shift after the longest series of rate hikes in a century, comes as a relief to househol...

This year's orange harvest in Brazil, the world's largest exporter of orange juice, is projected to be the worst in 36 years due to severe flooding and drought.Orange juice prices have historically been volatile, fluctuating with the supply of orange...

Inflation has driven hotel prices and travel costs in Türkiye to unprecedented levels, prompting a surge of Turkish tourists to Greece. Turkey experienced a staggering 75.4% inflation rate in May, largely due to soaring costs in hotels, cafes, and re...

Global stock markets, hampered by an extensive technology outage, ended the week negatively due to a significant decline in major technology stocks, particularly those in the semiconductor industry. This downturn is driven by the anticipation of rene...

The euro and the British pound surged against the US dollar, with gold prices hitting a new high before retreating on Wednesday. This shift comes from growing expectations of rate cuts by the Federal Reserve, which have weakened the dollar. Foll...