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Indonesia will on Monday release Q1 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity. In the previous three months, GDP was up 0.45 percent on quarter and 5.04 percent on year. China will see April results for the services PMI from Caixin; in March, the

Italy's producer prices continued to decline sharply in March, data from the statistical office ISTAT showed on Thursday. Producer prices posted an annual decrease of 9.6 percent after a 10.8 percent drop in February. Producer prices have been falling since April 2023. The annual decline in March wa

Federal Reserve Chairman Jerome Powell explains the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference. Key quotes "Our decisions depend on incoming data." "We think policy is well positioned to ad

Germany's import prices continued to decline in March but the pace of decrease slowed further, data from Destatis showed on Tuesday. Import prices dropped 3.6 percent annually after easing 4.9 percent in February. Prices were expected to fall 3.8 percent in March. The annual fall in import prices wa

EUR/GBP snaps the five-day losing streak near. 0.8535 in Tuesday’s early European session. German Retail Sales climbed 0.3% YoY in March, compared to a decline of 2.7% in February. The cautious approach from the BoE’s policymaker supports the Pound Sterling (GBP). The EUR/GBP cross posts modest gain

International food charity NGO World Central Kitchen has announced it will resume operations in Gaza nearly a month after seven of its workers were killed in an Israeli air strike. WCK said in a press release that it is restarting operations and "focus on feeding as many people as possible" as the h

As economic data comes in worse than expected, investor uncertainty is rattling markets. On Thursday, the Commerce Department released its estimate of Gross Domestic Product for the first quarter. GDP growth came in at a disappointing 1.6% -- well short of the 2.3% consensus forecast. Stocks sold of

European stocks closed lower on Thursday with investors digesting a slew of earnings updates and economic data from Europe and the U.S. Although several companies reported fairly strong quarterly earnings, weak updates and revenue guidance from a few top notch European and U.S. companies fell short

European Central Bank (ECB) executive board member Isabel Schnabel said in her scheduled appearance on Thursday that the “biggest concern is clearly services inflation." Additional comments "There is a consensus emerging that we may be facing a quite bumpy last mile.” "The more concerning part is pr