UK consumer price inflation reached its lowest level in more than two years in November, strengthening calls for early rate cuts even as Bank of England remains more cautious on signaling future easing. The consumer price index rose 3.9 percent year-on-year, which was slower than the 4.6 percent increase in […]

Save articles for later Add articles to your saved list and come back to them any time. Even before the Houthis choked shipping traffic through the Red Sea, shipping costs were rising because of challenges within one of the world’s two key transport choke points. Now the other is threatened. […]

The Swiss National Bank kept its benchmark rate unchanged on Thursday and turned more dovish as it lowered the inflation forecast and altered the policy stance on forex interventions. The SNB Governing Board, chaired by Thomas Jordan, decided to hold the policy rate at 1.75 percent. The SNB policy rate […]

Save articles for later Add articles to your saved list and come back to them any time. The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, a sign that it is likely done raising rates after having imposed the fastest string of increases in […]

Drug major Pfizer Inc. (PFE) on Wednesday said it expects higher adjusted earnings and revenues for fiscal 2024, but both below market estimates. In pre-market activity on the NYSE, the shares were losing around 7.2 percent to trade at $26.53. The outlook includes the expected financial impact from the proposed […]

The euro area economy contracted marginally in the third quarter as previously estimated, solely due to weaker global demand, suggesting that the currency bloc is on the verge of a recession. Gross domestic product shrunk 0.1 percent quarterly, offsetting the 0.1 percent expansion in the second quarter, data published by […]

Germany’s industrial production declined unexpectedly in October driven by the fall in machinery and equipment output, reinforcing fears of a recession at the end of this year. Industrial production logged a monthly fall of 0.4 percent in October, slower than the revised 1.3 percent decrease in September. However, production marked […]

Euro area manufacturing sector remained in the contraction zone but deterioration in production and orders slowed, survey results from S&P Global showed on Friday. The final HCOB manufacturing Purchasing Managers’ Index posted 44.2 in November, up from 43.1 in October. This was the highest since May and above the flash […]

UK mortgage approvals increased more than expected to a three-month high in October signaling a slowdown in the housing market downturn after the central bank kept interest rates unchanged in September and November. Net mortgage approvals for house purchases rose to a three-month high of 47,400 in October from 43,700 […]

Consumer morale in Germany rose moderately in December amid the slowing inflation but sentiment stayed at a very low level signaling no signs of sustainable recovery, survey results published jointly by GfK and the Nuremberg Institute for Market Decisions, showed on Tuesday. The consumer confidence index rose to -27.8 in […]