Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in July, the U.S. Bureau of Labor Statistics (BLS) reported on Wednesday. This figure was lower than market expectations of 3.3%. The United States will release its August Producer Price Index (PPI) on Wednesday. The report, compiled by the Bureau of Labor Statistics (BLS), will be released one day before the Consumer Price Index (CPI) for the same month, scheduled for Thursday. Both indexes measure inflation, with the CPI focusing on the total...
High-stakes energy diplomacy in Beijing this week signals China's willingness to challenge US President Donald Trump's efforts to isolate Russia and assert US energy dominance. Chinese President Xi Jinping, sitting alongside Russian President Vladimir Putin, used this week's military parade commemorating the 80th anniversary of Japan's defeat in World War II to demonstrate Beijing's military and diplomatic clout amid escalating trade tensions with Washington. China backed up the parade with action on Tuesday, when Russian gas giant Gazprom announced that both sides had signed a legally...
US applications for unemployment benefits rose to their highest level since June, adding to evidence that the labor market is cooling. Initial claims rose 8,000 to 237,000 in the week ending August 30. The median forecast in a Bloomberg survey of economists was for 230,000 applications. Continuing claims, a proxy for the number of people receiving benefits, were little changed at 1.94 million in the previous week, according to Labor Department data released Thursday. Companies are increasingly hesitant to hire as they assess the economic impact of President Donald Trump's policies. Hiring...
Hiring at US companies was lower than expected in August, consistent with other evidence of weakening labor demand. Private-sector jobs increased by 54,000, according to ADP Research data released Thursday. The median estimate in a Bloomberg survey of economists was for a gain of 68,000. (alg) Source: Bloomberg
U.S. economic activity and employment were mostly little changed or unchanged in recent weeks while prices rose moderately or modestly, the Federal Reserve said on Wednesday, a mixed report that highlighted the impact of tariffs and other Trump administration policies on households and businesses as the central bank weighs a cut in interest rates this month. "Contacts frequently cited economic uncertainty and tariffs as negative factors," according to the Fed's "Beige Book" report, a snapshot of the nation's economic health published two weeks ahead of each central bank policy meeting....
US job openings fell in July to the lowest in 10 months, adding to other data that shows a gradually diminishing appetite for workers amid heightened policy uncertainty. Available positions decreased to 7.18 million from a downwardly revised 7.36 million reading in June, according to Bureau of Labor Statistics data published Wednesday. The median estimate in a Bloomberg survey of economists called for 7.38 million openings. Source: Bloomberg
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Poland shot down a drone in its airspace on Wednesday with the support of military aircraft from its NATO allies. This is the first time a member of the Western military alliance is known to have...