March’s 21.2% gasoline price surge drove US inflation to 3.3%, clouding Fed policy and consumer spending outlook. US inflation jumped to 3.3% in March from 2.4% in February, driven by a 21.2% surge in gasoline prices. The sharp increase complicates the Federal Reserve’s mo
NOK: Norges Bank hikes as inflation stays sticky – Nomura Nomura's research analysts report that the central bank of Norway, Norges Bank unexpectedly raised its policy rate by 25bp to 4.25% in May, citing frustration with sticky underlying inflation and a need to preserve...
April’s UK construction PMI fell sharply to 39.7, the lowest since November, as inflation and geopolitical uncertainty hit demand. UK construction activity contracted sharply in April, with the PMI dropping to 39.7 from 45.6 in March, missing expectations. The decline mark
April’s reading marks a sharp decline from March’s 48.0, indicating worsening conditions in Germany’s construction sector. Germany’s construction Purchasing Managers’ Index dropped to 42.1 in April, down from 48.0 in March, signaling a deeper contraction in the sector. The
The reinsurer reported CHF 1.2 billion net income for H1, exceeding estimates, while flagging persistent inflation pressures. Swiss Re posted a first-half net income of CHF 1.2 billion, surpassing analyst expectations of CHF 1.1 billion. The result reflects strong underwri
The government aims to accelerate economic expansion to a range of 5.9% to 7.5% by 2027, outlining long-term fiscal goals. Indonesia has set a 2027 GDP growth target of 5.9% to 7.5%, signaling ambitions to boost economic performance over the next three years. The range ref
First-quarter expansion falls short of analyst estimates, signaling weaker-than-anticipated economic momentum in the Southeast Asian nation. The Philippines economy grew 2.8% year-on-year in the first quarter, below the 3.0% median forecast in a Reuters poll. The print mar
Optimism over potential sanctions relief lifts Iranian equities to record levels amid ongoing negotiations. Iranian officials are evaluating a new US proposal aimed at easing sanctions, fueling investor optimism. The Tehran Stock Exchange’s main index surged to an all-time
Exports lag in March, shrinking trade balance Australia's trade balance unexpectedly shrunk in March due to lagging exports. The country's prior trade prints had shown a surplus, with consensus expecting continued growth. Immediate market reaction was not a
Investor sentiment surges as diplomatic progress between Washington and Tehran fuels risk appetite in global markets. Global equities reached fresh all-time highs as optimism grew over a potential US-Iran nuclear deal. The prospect of eased sanctions and stabilized oil sup