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UK Economy Fares Better Than Expected In May

UK Economy Fares Better Than Expected In May

The UK economy shrunk less than expected in May despite an extra bank holiday and strikes, reducing the scope for a contraction in the second quarter. Real gross domestic product decreased 0.1 percent on a monthly basis, reversing April's 0.2 percent growth, the Office for National Statistics reported Thursday.
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Euro Little Changed After ECB Minutes

Euro Little Changed After ECB Minutes

At 7.30 am ET Thursday, the European Central Bank has released the account of the monetary policy meeting of the governing council held on June 14 and 15. The euro changed little against its major rivals after the release.
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Euro Mixed Ahead Of ECB Minutes

Euro Mixed Ahead Of ECB Minutes

At 7.30 am ET Thursday, the European Central Bank will publish the account of the monetary policy meeting of the governing council held on June 14 and 15.
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China Exports Drop Most Since 2020

China Exports Drop Most Since 2020

China's exports fell the most since the outbreak of the pandemic due to the subdued global demand in June and imports logged another annual decline, intensifying the call for fiscal stimulus to prop up domestic demand in a bid to sustain economic growth. Exports decreased 12.4 percent on an yearly basis in June, following a 7.5 percent fall in May.
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Sensex, Nifty Pare Early Gains

Sensex, Nifty Pare Early Gains

Indian shares eked out modest gains on Thursday as investors reacted to macroeconomic data and earnings releases from IT giants TCS and HCL Technologies
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European Shares Extend Gains As Inflation Worries Ease

European Shares Extend Gains As Inflation Worries Ease

European stocks edged higher on Thursday, with China stimulus hopes and expectations that the Federal Reserve will soon halt interest rate hikes helping underpin sentiment.
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FTSE 100 Slightly Higher After GDP Data

FTSE 100 Slightly Higher After GDP Data

U.K. stocks were slightly higher on Thursday after data showed the U.K. economy contracted less than expected in May.
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CAC 40 Gains As Inflationary Pressures Ease

CAC 40 Gains As Inflationary Pressures Ease

French stocks traded higher on Thursday after data showed France's consumer price inflation eased to the lowest level in more than a year amid a fall in energy costs as initially estimated.
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DAX Edges Higher As Bond Yields Ease

DAX Edges Higher As Bond Yields Ease

German stocks edged higher on Thursday and Eurozone bond yields tumbled after data showed both headline and core inflation in the U.S. rose at a slower-than-expected pace in June, potentially bolstering the case for the Fed to stop raising rates. Hopes for China stimulus also offered some support after data showed China's exports contracted last month at their fastest pace since the onset three years ago of the COVID-19 pandemic.
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