May PMI data shows Eurozone manufacturing expansion weakened due to rising costs and supply shocks from Middle East conflict. Eurozone manufacturing activity expanded for a fourth consecutive month in May but at a slower pace, as the Iran war drove raw material costs highe
The interception of the Tagor tanker highlights enforcement of international sanctions against Russian oil shipments amid shadow fleet concerns. French authorities boarded and seized the Tagor, a Russian-linked oil tanker under international sanctions, in the Atlantic Ocea
Trump says Iran will 'work out well:' Five things to know in Bitcoin this week Bitcoin price headed below $72,000 on Iran woes as US president Donald Trump told observes to "sit back and relax" with the ceasefire still absent. Bitcoin (BTC) heads into June with new local l
EU weighs temporary freeze on Russian oil price cap The European Union is considering a temporary freeze on its price cap for Russian oil due to the ongoing Iran war. The price cap is typically set every two months, but the current situation may require an adjustme
Nationwide data shows a sharper-than-expected monthly decline as geopolitical uncertainty weighs on housing sentiment. UK house prices dropped 0.6% month-on-month in May, missing forecasts of a 0.2% decline, as the average dwelling price fell to £278,024. The decline follo
Nationwide data shows a sharper-than-expected monthly decline as geopolitical uncertainty weighs on housing sentiment. UK house prices dropped 0.6% month-on-month in May, missing forecasts of a 0.2% decline, as the average dwelling price fell to £278,024. The decline follo
Asian equity markets rise on tech rally Asian equity markets advanced on Monday, powered by a sweeping rally in technology shares. The rally was driven by investor enthusiasm for artificial intelligence, which eclipsed lingering uncertainties surrounding a potentia
Schnabel warns inflation from Iran conflict is spreading beyond energy, requiring policy action to prevent unanchored expectations. The European Central Bank can no longer dismiss inflation driven by the Iran war as temporary, a top official said, citing broader price pres
WTI and Brent crude rise over 2% as Israeli military advances deepen concerns over Middle East supply disruptions. Oil prices surged in early Asian trading after Israel expanded its offensive into Lebanon, heightening fears of a broader regional conflict. West Texas Interm
Oil prices rise over 2% as Israeli troop movements in Lebanon heighten supply disruption fears amid stalled ceasefire talks. West Texas Intermediate crude trades around $88.80 per barrel, recovering from three consecutive sessions of losses. The gain follows Israel’s decis
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