Economic News
Trump set to impose $50bn tariffs on Chinese goods
US President Donald Trump decided to impose $50bn tariffs on Chinese products despite warnings from some corners that it risked provoking a trade war.
US industrial production dips in May as auto assembly lines ground to a halt
US industrial production fell unexpectedly last month as manufacturing output more than gave back April's gains as motor vehicle assembly lines ground to a halt.
US consumer sentiment improves more than expected in June
US consumer sentiment improved more than expected in June, according to a reading form the University of Michigan.
Empire State manufacturing hits best level in eight months
Manufacturing activity in the New York Fed’s jurisdiction unexpectedly improved in June, according to data released on Friday.
Euro area goods surplus declines in April
The euro area's surplus in its trade on goods with the rest of the world narrowed in April on the back of a sharp rise in imports.
Core eurozone inflation remains 'disappointing'
Eurozone inflation in remained entirely unchanged in Friday's second estimate in line with the market's expectations.
Chinese house price growth steady in May
Chinese house price growth was steady in May following the sharp slowdown seen over the back half of 2017.
Media mergers ahoy as DoJ drops plans to appeal AT&T deal
The US Department of Justice has backed down over the mega merger between AT&T and Time Warner, which could set in train a raft of further giant deals.
May enrages tory rebels with 'incomprehensible' brexit amendment
Theresa May’s government is back on rocky ground after abandoning a compromise over parliaments role in Brexit negotiations and enraging pro-EU tory rebels.