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June saw a robust recovery across global equity markets as geopolitical tensions eased and investors welcomed signs of progress on trade, especially between the U.S. and China. U.S. tech stocks led the charge, helping the S&P 500 and Nasdaq reach fresh record highs. While inflation remains sticky in parts of the developed world, softer economic […]

Eurozone inflation edged up in June, with the headline rate reaching the ECB’s 2.0% target, up from 1.9% in May. Core inflation remained steady at 2.3%, signalling persistent underlying price pressures. Services inflation rose slightly to 3.3% from 3.2%, underscoring ongoing challenges in bringing inflation sustainably to target. U.S. lawmakers made meaningful progress on the […]

U.S. stocks rallied over the week, lifted by a string of positive developments, including easing tensions in the Middle East, dovish signals from several Federal Reserve officials, news of a signed U.S.-China trade deal and indications from U.S. policymakers that further trade deals were nearing completion. The S&P 500 gained 3.4% and the Nasdaq rose […]

The Federal Reserve held interest rates steady at 4.25%–4.5% for a fourth consecutive meeting, maintaining a cautious stance amid persistent economic uncertainty. Policymaker projections revealed a growing divide, with half expecting no rate cuts this year and the other half still pencilling in two. Chair Jerome Powell reiterated that while the U.S. economy remains resilient, […]

The US May consumerprice data surprised on the downside. Headline CPI rose 0.1 % m/m (consensus: 0.3 %) and 2.4 % y/y, while core CPI held steady at 2.8 % y/y. The first full month of new import tariffs had only a marginal impact on coregoods prices. Consequently, market expectations for Federal Reserve policy were little changed.  Brent crude rallied on Friday, settling […]

Eurozone GDP grew by 0.6% quarter-on-quarter in Q1, double the initial estimate and the fastest pace since Q3 2022. According to Eurostat, the upward revision was led by stronger growth in Ireland and Germany. Inflation eased in May, with headline CPI falling to 1.9% from 2.2% and core inflation moderating to 2.3%, indicating softer underlying […]

The Euro Stoxx 50 ended the week 0.76% higher, after U.S. President Trump said he would give the European Union more time to negotiate a trade deal before 50% tariffs take effect. In the UK, services sector confidence fell to a two and a half year low in the three months to May, as a new […]

The Moody’s downgrade stripped the U.S. of its last triple-A rating, citing a lack of progress in curbing deficits and rising interest costs. While not unexpected, it reignited focus on the growing fiscal burden, especially with legislation on the table that could add nearly $3 trillion to the deficit over the next decade. The bill […]

U.S. retail sales growth slowed sharply in April, with headline sales up just 0.1% after a 1.7% surge in March. The fading boost from front-loaded auto purchases ahead of tariffs weighed on momentum, while broader consumer spending softened amid rising economic uncertainty. Core retail sales, which align closely with the consumption component of GDP, fell […]

High-level trade negotiations between the U.S. and China are set to resume in Switzerland this weekend. U.S. Treasury Secretary Bessent and Trade Representative Greer will meet with Chinese Vice Premier He Lifeng in a bid to de-escalate tensions. Meanwhile, new customs data showed Chinese exports to the U.S. plummeted 21% year-over-year in April, falling to […]