Economic news


Europe's STOXX 600 Closes near Record High; German Elections in Focus

Europe's STOXX 600 Closes near Record High; German Elections in Focus

European shares settled near a record high on Friday and marked their longest streak of weekly gains in nearly a year, while Germany's DAX dipped as investors braced for the country's upcoming snap elections. The pan-European STOXX 600 index added 0.5%, recovering from a one-wee...


February 21, 2025
British Equities Flat as Investors Weigh Mixed Data
British Equities Flat as Investors Weigh Mixed Data

British stocks ended flat on Friday as investors reacted to mixed economic data this week that left the Bank of England (BoE) uncertain about the...

UK Economy Readings Underscore Bank of England's Dilemma
UK Economy Readings Underscore Bank of England's Dilemma

A flurry of often contradictory UK economic data and surveys this week has left the Bank of England none the wiser about whether Britain's...

Air Liquide Lifts mid-Term Margin Target, Extends Period to End-2026
Air Liquide Lifts mid-Term Margin Target, Extends Period to End-2026

French industrial gases supplier Air Liquide raised its medium-term operating margin guidance and extended the target period by one year on...

Italy January EU-Harmonised CPI Confirmed at +1.7% y/y
Italy January EU-Harmonised CPI Confirmed at +1.7% y/y

Italian EU-harmonised consumer prices (HICP) fell 0.8% month-on-month in January and were up 1.7% from the year earlier, official statistics agency...

UK Consumers Defy Weak Outlook to Ramp Up their Spending
UK Consumers Defy Weak Outlook to Ramp Up their Spending

British retail sales rose in January for the first time since August and by much more than expected, according to official data that suggested...

Vietnam Decides to Impose Temporary anti-Dumping Tariff on China Steel Products
Vietnam Decides to Impose Temporary anti-Dumping Tariff on China Steel Products

Vietnam will impose a temporary anti-dumping levy of up to 27.83% on some hot-rolled coil steel products originating from China, the trade ministry...

Sterling Stalls at Two-Month Highs after PMI, Retail Sales
Sterling Stalls at Two-Month Highs after PMI, Retail Sales

The pound traded around two month-highs on Friday after data showed UK consumer spending picked up much more sharply than expected in...

Sibanye Shares Slump after Second Loss in Two Years
Sibanye Shares Slump after Second Loss in Two Years

Sibanye Stillwater's shares slumped to their lowest this year after it suffered its second consecutive full-year loss in two...

StanChart Pledges to Cut Emissions Linked to Oil and Gas Bonds
StanChart Pledges to Cut Emissions Linked to Oil and Gas Bonds

Standard Chartered on Friday pledged to cut the emissions linked to the bonds it sells for oil and gas companies and will press ahead with its...

Gold Consolidates after Record Run, Set for 8th Weekly Gain
Gold Consolidates after Record Run, Set for 8th Weekly Gain

Gold up over 1% for the week, hit record-high on Thursday Gold rally remains unchallenged unless prices drop to around $2,850- analyst Silver,...

Rupee Slips on Weak Equities, Importer Dollar Bids; Tad Higher on Week
Rupee Slips on Weak Equities, Importer Dollar Bids; Tad Higher on Week

The Indian rupee weakened slightly on Friday, pressured by dollar demand from importers and weakness in local shares that have seen an exodus of...

Tokyo Gas to Sell US Shale Gas stake to Shizuoka Gas for $130M
Tokyo Gas to Sell US Shale Gas stake to Shizuoka Gas for $130M

Tokyo Gas, Japan's biggest city gas supplier, will sell its 25% stake in an Eagle Ford shale gas project in south Texas to Shizuoka...

South African Rand Stable after Volatile Week
South African Rand Stable after Volatile Week

South Africa's rand was stable on Friday after a volatile week in which it weakened over the last-minute postponement of the national budget...

German Growth Edges Up as Manufacturing Decline Slows, PMI
German Growth Edges Up as Manufacturing Decline Slows, PMI

Business activity in Germany's private sector picked up slightly in February, driven by a steady performance in services and reduced drag from...

German Machinery Exports Decline in 2024 amid Feeble Demand, VDMA
German Machinery Exports Decline in 2024 amid Feeble Demand, VDMA

German mechanical engineering exports declined in line with production in 2024, the VDMA industry association said in a statement on Friday, adding...

French Business Activity Contracts Much more than Expected in Feb, PMI
French Business Activity Contracts Much more than Expected in Feb, PMI

French business activity slumped much more than expected in February, according to a survey published on Friday, as new business and backlogs in...

Oil Heads for Weekly Gain amid Supply Jitters, Improving Demand
Oil Heads for Weekly Gain amid Supply Jitters, Improving Demand

Oil prices edged down on Friday but were still poised for a weekly rise on concerns over supply disruptions in Russia and an improving outlook for...

UK Runs Record January Budget Surplus but Misses Forecasts
UK Runs Record January Budget Surplus but Misses Forecasts

Britain's government ran a record budget surplus of 15.4 billion pounds ($19.5 billion) last month, official figures showed on Friday, but in a...

UK Retail Sales Leap in January, Consumers Defy Weak Outlook
UK Retail Sales Leap in January, Consumers Defy Weak Outlook

British retail sales rose by a much stronger-than-expected 1.7% in January, the biggest increase since May last year, according to official data...

Dollar near Year-to-Date Lows as Bulls Get Nervous; Yen Retreats from High
Dollar near Year-to-Date Lows as Bulls Get Nervous; Yen Retreats from High

The yen retreated on Friday from a 2-1/2 month high hit on a jump in Japanese inflation, while the dollar was set for its third weekly drop in a...

UK Job Postings Rise, Easing some Labour Market Gloom
UK Job Postings Rise, Easing some Labour Market Gloom

The number of job postings in the United Kingdom rose for the first time in seven months in January, a survey showed on Friday, suggesting the...

Electric Transport Groups Urge EU not to Ease CO2 Emission Rules
Electric Transport Groups Urge EU not to Ease CO2 Emission Rules

The European Union should reject European automakers' push to weaken 2025 CO2 car emission targets and related fines, two European electric...

Chinese Shares Lift Asia, Gold Heads for 8th Straight Weekly Gain
Chinese Shares Lift Asia, Gold Heads for 8th Straight Weekly Gain

Asian shares surged to a three-month peak on Friday as buyers returned to previously unloved Chinese stocks thanks to optimism over artificial...

Wall St Ends Lower as Weak Walmart Guidance Prompts Consumer Demand Worries
Wall St Ends Lower as Weak Walmart Guidance Prompts Consumer Demand Worries

U.S. stocks sold off on Thursday as ongoing tariff jitters and a downbeat forecast from Walmart dampened investor risk appetite. A broad...

RBNZ Chief Economist says Data Consistent with Pick-Up in Economy
RBNZ Chief Economist says Data Consistent with Pick-Up in Economy

High-frequency data is consistent with the central bank's view that New Zealand's economy bottomed out in the middle of 2024 and started to...

Chinese Bubble Tea Chain Mixue Aims to Raise $443M in Hong Kong IPO
Chinese Bubble Tea Chain Mixue Aims to Raise $443M in Hong Kong IPO

China's largest bubble tea and drinks firm, Mixue Group, is seeking to raise HK$3.45 billion ($443.66 million) in a Hong Kong initial public...

Financials, Auto Stocks Pull India's Benchmarks Lower
Financials, Auto Stocks Pull India's Benchmarks Lower

India's benchmark indexes fell on Friday, dragged by financials and automobile stocks, while concerns over U.S. tariffs continued to dent...

India Feb Business Growth at 6-mth High, Fueled by Services and Jobs Surge, PMI
India Feb Business Growth at 6-mth High, Fueled by Services and Jobs Surge, PMI

Growth in India's private sector accelerated at its fastest pace in six months in February due to a surge in services activity that enabled...

February 20, 2025
Brazil Steelmaker Gerdau Rethinks Mexico Mill after Trump Tariffs
Brazil Steelmaker Gerdau Rethinks Mexico Mill after Trump Tariffs

Brazilian steelmaker Gerdau may opt to bump up its output capacity in the United States instead of building a new plant in Mexico, its CEO...

Walmart Forecast Disappoints, Shares Fall on Consumer Spending Worries
Walmart Forecast Disappoints, Shares Fall on Consumer Spending Worries

Walmart on Thursday forecast sales and profit for the current year below Wall Street estimates, citing the need for caution in navigating an...

Coca-Cola Looks to Bowl out Pepsi in Champions Trophy Marketing Contest
Coca-Cola Looks to Bowl out Pepsi in Champions Trophy Marketing Contest

Coca-Cola is attempting to capitalise on Pakistan hosting its biggest cricket event in nearly 30 years, and steal the spotlight away from the host...

Bank of Mexico says it Might Cut Interest Rate by 50bp Again
Bank of Mexico says it Might Cut Interest Rate by 50bp Again

The Bank of Mexico said on Thursday that it might continue cutting the benchmark interest rate at future monetary policy meetings and could...

Swiss January Gold Exports to US Reach Highest for 13 Years
Swiss January Gold Exports to US Reach Highest for 13 Years

Gold exports from Switzerland rose year on year in January as supplies to the United States soared to the highest in at least 13 years and offset...

US Labor Market Stable, Disruptions Feared from Federal Govt Layoffs
US Labor Market Stable, Disruptions Feared from Federal Govt Layoffs

The number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market remained...

Birkenstock Flags Tariff Risk after Strong Holiday Sales
Birkenstock Flags Tariff Risk after Strong Holiday Sales

Birkenstock, famous for its cork-based sandals, reported strong sales over the Christmas holiday shopping season but stopped short of raising its...

Alibaba Plans Major AI Investment as Revenues Rebound in Q3
Alibaba Plans Major AI Investment as Revenues Rebound in Q3

Alibaba on Thursday flagged plans to invest more in its "core businesses" of e-commerce and AI-powered cloud computing after...

Gold Prices Catapult to Record High on Safe-Haven Demand
Gold Prices Catapult to Record High on Safe-Haven Demand

Gold prices surged to a record high on Thursday, as fears of a global trade war sparked by U.S. President Donald Trump's tariff threats fueled...

Quanta Beats Q4 Profit Estimates on Strong Infrastructure Demand
Quanta Beats Q4 Profit Estimates on Strong Infrastructure Demand

Energy contractor Quanta Services beat fourth-quarter profit estimates on Thursday, on higher demand for its services related to power and...

Repsol says Trump's Gas Policies will Help Lower Prices
Repsol says Trump's Gas Policies will Help Lower Prices

The chief executive of Spanish oil company Repsol said on Thursday he expected U.S. President Donald Trump's energy policies would have a...

Fidelity Launches Two all-ETF Model Portfolios for Wealth Managers
Fidelity Launches Two all-ETF Model Portfolios for Wealth Managers

Fidelity Investments said on Thursday that it has launched two all-ETF model portfolios for use by wealth management firms looking for help...

Indonesia Cenbank to Expand Support for Govt's Housing Programme
Indonesia Cenbank to Expand Support for Govt's Housing Programme

Indonesia's central bank will support the government's affordable housing programme through purchases of bonds in the secondary market,...

Walmart-Backed PhonePe Prepares for Indian Stock Market Debut
Walmart-Backed PhonePe Prepares for Indian Stock Market Debut

Walmart-backed Indian fintech firm PhonePe is beginning preparatory steps for a public listing on the country's stock exchanges, the company...


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