Euro area construction output up 0.1% in March
The construction output in the Eurozone increased by 0.1% in March compared to February, Eurostat said in a report on Tuesday. The same increase was recorded in the European Union. Production in the sector fell by 1.1% in the euro area and 0.7% in the EU on a yearly basis.
5/20/2025
Gold jumps over 1% on economy concerns
The price of gold surged more than 1% on Monday as the markets reacted to the news of Moody's Investors downgrading the United States credit rating. Investors were seemingly concerned about the decision's impact on the US economy, ostensibly heightening demand for safe-haven assets. Gold rose 1.04% and sold for $3,240 per ounce while silver added 0.27% at the same minute, selling for $32.36 per ounce. Meanwhile, Platinum went down 0.18% a minute later to exchange for $990.60 per ounce and Palladium increased 0.49% to sell for $951.21 per ounce.
5/19/2025
Eurozone inflation unchanged at 2.2% in April
Annual inflation in the euro area remained at 2.2% in April, unchanged from March's numbers, according to a flash report by Eurostat published on Monday.
5/19/2025
Gold drops 2%, silver down 1.7%
Gold declined over 2% on Friday as trade tensions between the United States and China eased earlier this week. Gold is down 5% in a month, falling from its recent all-time high of $3,507 last month.
Gold lost 2.02% and went for $3,174.47 per ounce, while silver fell by 1.75%, selling for $32.07 per ounce. Platinum decreased by 0.75%, going for $986.60 per ounce and palladium dropped 0.39% and sold for $947.98 per ounce.
US producer prices down 0.5% in April
The United States Producer Price Index (PPI) for final demand on a seasonally adjusted basis decreased by 0.5% in April compared to the month prior, the report published by the Bureau of Labor Statistics on Thursday showed. The figure came short of analysts' estimates.
5/15/2025
UK's industrial production down 0.7% in March
Production output in the United Kingdom declined by 0.7% in March, month on month, the Office for National Statistics revealed in its report on Thursday. On an annual level, the reading was also down 0.7%.
5/15/2025
UK trade deficit narrows to £6.6B in Q1
The United Kingdom's trade deficit in goods and services narrowed significantly by £3.6 billion, reaching £6.6 billion in the first quarter of 2025 according to figures released by the Office for National Statistics on Thursday.
5/15/2025
Gold falls 2% to lowest in a month
The price of gold continued to drop on Wednesday, reaching its lowest point since April 11.
Gold sank by 2.16% , selling for $3,182.84 per ounce.
Oil down 1% after API's inventories buildup
Oil futures prices fell on Wednesday following the American Petroleum Institute's (API) announcement yesterday that crude oil stockpiles increased by 4.29 million barrels, marking the biggest rise in six weeks, contrary to expectations of a 2.4 million-barrel decline. Market attention shifted to US President Donald Trump's Middle East trip, where oil price stability is expected to be a key objective.
5/14/2025
German economic sentiment skyrockets in May
German economic sentiment skyrocketed in May, with the sentiment index rising to 25.2 from negative 14 in April, the Centre for European Economic Research (ZEW) revealed in its report on Tuesday. The indicator increased more than analysts projected. Meanwhile, the current situation index declined slightly, climbing from a negative 81.2 in April to a negative 82 in May.
5/13/2025
UK unemployment up to 4.5% in Q1
The rate of unemployment in the United Kingdom stood at 4.5% in the first quarter of 2025, data released by the Office for National Statistics (ONS) showed on Tuesday. The reading was in line with analysts' estimates and marked an increase from the previous quarter.
5/13/2025
Gold plunges over 3% on US-China breakthrough
The prices of precious metals declined on Monday, with gold going deeper into the red territory as the United States and China officially announced that they would be lowering tariffs against each other for 90 days. Gold dropped 3.15% going for $3,222.23 per ounce, silver slid 2.06% to $32.07 per ounce. platinum tumbled 1.29% to $987.73 per ounce and palladium lost 0.65%, selling at $962.82 per ounce.
5/12/2025
China's trade surplus up to $96.2B in April
China's trade came to $96.2 billion in April, down from $102.64 billion in March, beating expectations, the country's General Administration of Customs said in its report published on Friday.
5/9/2025
US initial jobless claims down by 13,000 to 228,000
Initial jobless claims in the United States for the week ending April 26 declined by 13,000 compared to the previous seven-day period to reach 228,000.
5/8/2025
UK house prices up by 3.2% in April
The annual rate of house price growth in the United Kingdom reached 3.2% in April, the Halifax House Price Index report showed on Thursday. The house prices rose by 0.3% compared to the previous month. Both figures came in above analysts' expectations. Meanwhile, the average house price stood at £297,781 in the reported month.
5/8/2025
Euro area retail sales down by 0.1% in March
Retail trade in the Eurozone and the European Union both slipped by 0.1% in March from the previous month, Eurostat shared in its report on Wednesday.
5/7/2025
Oil gains 1% on lower US inventories
Crude oil prices increased by more than 1% on Wednesday after the American Petroleum Institute (API) allegedly reported that the inventories in the United States dropped by 4.5 million barrels in the previous week, while lower oil prices in the previous days drew bigger demand in European and Chinese markets. The increase in oil prices also comes amid growing geopolitical tensions, as the conflict between India and Pakistan continued to escalate, and Israel attacked Yemen in its ongoing fight against the Houthis.
5/7/2025
US goods trade deficit rises to $140.5B in March
The goods and services trade deficit in the United States rose by 14% from the prior month to stand at $140.5 billion in March, the Census Bureau and the Bureau of Economic Analysis (BEA) revealed in the report released on Tuesday.
5/6/2025
UK service sector activity softens in April
The United Kingdom's service sector experienced a slowdown in April, with the services PMI landing at 49.0, down from 52.5 in March, according to a report by S&P Global on Tuesday
5/6/2025
US composite PMI falls in April
The United States Purchasing Managers' Index (PMI) Composite Output Index, which calculates the joint results in services and manufacturing, stood at 50.6 in April, coming in below analysts' expectations and declining from 53.5 in March, S&P Global revealed in its final report on Monday
5/5/2025