Inflation in Portugal dropped in April falling for the third successive month, however the pace of decline was lower than in the month before, a report revealed by the Statistics Portugal showed on Tuesday. According to the report, the country's harmonized index of consumer prices dipped 0.1% on an annual basis in April after falling by 0.4% in March.
Inflation measured as consumer price index in Sweden stayed flat in the month of April after recording drop in the January-March period, a report unveiled by the Statistics Sweden showed on Tuesday. According to the report, the Sweden consumer price index remained unchanged compared to a 0.1% drop originally projected.
Import prices in the U.S. dropped in April despite the fact that fuel imports recorded a notable pullback on the month and as economists estimated increase of import prices, the latest data unveiled by the Labor Department showed on Tuesday. The world's largest economy's import prices slipped by 0.4% in the month of April after rising by 0.4% in March.
Industrial production in the world's second largest economy weakened surprisingly in April together with retail sales rising at a slower rate than economists estimated, a report unveiled by the National Bureau of Statistics showed on Tuesday. The country's industrial output added 8.7% on an annual basis in April following a 8.8% gain in March, while retail sales expanded by 11.9%
Economic expectations in the 18-nation bloc worsened notably in the month of May together with decline in German economic situation index, the latest report released by the ZEW unveiled on Tuesday. According to the report, the Eurozone economic expectations indicator slipped by 6 points to a level of 55.2 points in May, while the current economic situation index added 4.9
A gauge measuring economic expectations in the Europe's largest economy declined in May falling by more than economists originally expected, a report released by the Centre for European Economic Research unveiled on Tuesday. According to the release, the German economic sentiment index plunged from April's 43.2 to 33.1 instead of 40 as a consensus.
Retail sales in the world's largest economy advanced in April, however the pace of growth was lower than expected after recording a sharp gain in March, the latest report released by the Commerce Department showed on Tuesday. According to the report, the U.S. retail sales surged 0.1% in April after posting a 1.5% jump in the previous month.
The Swedish Crown increased on Tuesday rising against the euro-area currency after a report showed that inflation in the country accelerated by more than economists originally expected and on speculation that the ECB may add more stimulus soon. The Euro slipped 0.5% to 8.9935 Swedish crowns before trading at 9.0420.
The 18-nation bloc currency dropped on Tuesday trading session falling towards the weakest level in a month versus the U.S. Dollar after a government report showed signaled that Bundesbank would back the ECB's monetary easing in order to support the economy. The Euro decreased as much as 0.4% to $1.3700, the least since April 7.
The majority of European shares increased on Tuesday trading session with the local benchmark stock index reaching the highest level in six years after companies report earnings and amid speculation that the ECB may add more stimulus. The FTSEurofirst 300 gauge surged 0.2% to 1,367.17 points, the most since 2008.
Wall Street shares opened flat earlier on Tuesday trading session as investors appetite improved slightly after the major stock indexes closed near their record high in the prior session. The Standard & Poor's 500 futures added 0.7 point, the Dow Jones industrial average futures gained 33 points and the Nasdaq Composite index futures surged 3.75 points.
The European benchmark Brent crude increased on Monday session gaining for the first time in a three-day period amid speculation over curbed oil supplied from the Russian Federation after voting in Ukraine. Brent for settlement in June jumped as much as $0.88 to a level of $108.77 per barrel on the London's ICE Futures Europe exchange.
Emerging-market equities advanced on Monday trading session pushing the benchmark index towards the strongest level in four weeks as technology sector shares gained on speculation that China may add measures to support capital markets. The MSCI Emerging Markets gauge jumped as much as 0.6% to 1,012.94 as of 1:50 p.m. London time.
Gold futures traded in New York declined on Monday trading session snapping last week's rally amid speculation that the U.S. Federal Reserve may cut its stimulus measures sooner than expected pushing futures lower. Gold futures slipped 1.2% to $1,287.60 an ounce on Friday trimming their this year's gains to 7.1%, while they were last seen at $1,302.10 as of 9:24
U.K. shares advanced on Monday trading session after recording a weekly drop last week as mining companies led the rally overshadowing notable drop of British Broadcasting Group Plc. The benchmark stock index FTSE 100 rose as much as 0.5% to 6,845.41 as of 2:44 p.m. London time following last week's 0.1% decrease, while the broader FTSE All-Share gauge jumped 0.5%.
Economic outlook for the United Kingdom was upgraded by the Confederation of British Industry citing ongoing recovery and as business investments rose, a report released by the confederation showed on Monday. According to the report, the nation's growth forecast was lifted to 3% for 2014, up from initial estimate of 2.6%.
France's GDP is likely to expand in the Q2 at the pace recorded in the first three months of this year, the latest outlook revealed by the Bank of France showed on Monday. According to the bank, the country's economy may post a growth of 0.2% in the Q2 compared to a 0.7% advance estimated by the statistical office Insee
Current conditions index in Japan significantly decreased on April despite the fact that outlook index advanced on the month, the latest data published by the Capital Economics showed on Monday. The Japanese current condition index slipped from March's level of 57.9 points to a level of 41.6 points in April, whereas the outlook index jumped from 34.7 to 50.3 points
New bank lending in the world's second largest economy weakened in April staying below initial economists' projections as money supply growth increased on the month, the latest report published by the People's Bank of China showed on Monday. The Chinese banks lent 774.7 billion yuan worth of new loans in April, while in March the figure recorded 1.05 trillion yuan.
Retail sales in Switzerland accelerated on an annual basis in March as non-food prices recorded a robust advance, the latest data unveiled by the Federal Statistical Office showed on Monday. According to the report, the nation's retail turnover grew by 3% in March following a 1.2% increase posted in the previous month.
Inflation measured as consumer price index in India accelerated in the month of April as food prices rose notably, a report unveiled by the Central Statistical Office revealed on Monday. According to the report, the country's consumer price inflation increased annually by 8.59% in April following a 8.31% advanced in the prior month.
Industrial output in the Asia's third largest economy shrank in March easing for the second successive month, the latest data released by the official statistical office showed on Monday. According to the data, the country's industrial production slipped by 0.5% on an annual basis in March as consumer demand weakened, while it was originally seen to be falling to 1.5%.
Wall Street opened higher earlier on Monday trading session pushing the benchmark stock index Standard & Poor's 500 close to its highest level all-time. The S&P 500 Index gained as much as 0.48% to 1,887.51, the Doe Jones industrial average added 0.43% to 16,654.85 and the Nasdaq Composite index jumped 0.63% to 4,097.37 points.
The 18-nation bloc currency slightly advanced earlier on Monday trading session as investors stayed cautious before the European Central Bank revealed its decision whether to add more stimulus or cut rates further. The Euro gained as much as 0.1% rising from Friday's one-month low of $1.3745 to $1.3759 and it was last seen at 140.21 yen.