News
Canada's GDP rebounds in April, posts 0. 5% growth on monthly basis
4+ hour, 37+ min ago (104+ words) KELO-AM Canada's GDP rebounds in April, posts 0. 5% growth on monthly basis OTTAWA, June 30 (Reuters) " Canada's economy rebounded more than expected in April, data showed on Tuesday, following a slight contraction in the previous month, allaying concerns that a "tariff-led slowdown…...
US consumer confidence edges up in June; labor market perceptions deteriorate
2+ hour, 1+ min ago (227+ words) KELO-AM US consumer confidence edges up in June; labor market perceptions deteriorate WASHINGTON, June 30 (Reuters) " U. S. consumer confidence nudged higher in June as a fragile truce in the Middle "East conflict weighed down on gasoline prices, while households" perceptions of labor…...
Inflation cools in biggest euro economies, easing rate hike urgency
3+ hour, 17+ min ago (324+ words) PARIS, June 30 (Reuters) " Inflation slowed more than expected across most major euro zone economies in June, preliminary data showed on Tuesday, easing pressure on the "European Central Bank to raise interest rates in the near "term. Germany, France and Italy…...
UK economy grows as expected before Iran war impact, ONS data shows
10+ hour, 47+ min ago (453+ words) By Suban Abdulla and Andy Bruce LONDON, June 30 (Reuters) " Britain's economy grew robustly in the first quarter of 2026, official data confirmed on Tuesday, but households were squeezed even before the worst effects of the U. S. -Iran conflict started to "feed through....
Quarter-end expected to be quiet for Fed liquidity facilities
6+ hour, 52+ min ago (544+ words) June 30 (Reuters) " The Federal Reserve's rebuild of money market liquidity is pointing to a quiet turn of the quarter, market participants say, as ample central bank cash depresses the volatility that often emerges around such calendar dates. Heading into the…...
With independent agencies imperiled, Fed may face further pressure despite Cook win
6+ hour, 47+ min ago (922+ words) WASHINGTON, June 30 (Reuters) " The Supreme Court may have reaffirmed the U. S. Federal Reserve's independence, but in a pair of rulings also left the central bank isolated as possibly the last agency able to wield executive power based on expertise free of…...
ECB's inflation fears linger despite oil price retreat
8+ hour, 2+ min ago (369+ words) SINTRA, Portugal, June 30 (Reuters) " European Central Bank policymakers welcomed the recent drop in oil prices on Tuesday but warned that energy costs remain high and the shock will linger in the "economy for some time, fuelling price pressures. The ECB…...
German unemployment falls unexpectedly in June
9+ hour, 12+ min ago (218+ words) (Changes unadjusted to adjusted in third paragraph) BERLIN, June 30 (Reuters) " The number of unemployed people in Germany "fell unexpectedly in June, labour office "figures showed on Tuesday. In seasonally adjusted terms, the jobless figure fell by 1, 000, while analysts and economists…...
Yen hits 40-year low as clock ticks on intervention
15+ hour, 57+ min ago (627+ words) SINGAPORE, June 30 (Reuters) " The yen was pinned at levels not seen since 1986 on Tuesday, stoking worries that a direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could…...
Europe's economic resilience gives ECB greater room to move rates, Lagarde says
21+ hour, 57+ min ago (411+ words) SINTRA, Portugal, June 29 (Reuters) " The euro zone economy appears to have built greater resilience to economic shocks, allowing the European Central Bank to raise interest rates more easily without fearing it would set off financial "stress, ECB President Christine Lagarde…...