Economics
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Stocks slip, as new phase of Iran war drags on, Tesla fails to impress with AI plans
Key takeaways Tanker war stretches beyond the Strait of Hormuz for first time No timeline to end the war Optimism…
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European PMI Plunges as Iran Conflict Batters Economic Activity
Germany (PMI Composite): The index dropped sharply to 48.3 from 51.9, marking an unexpected contraction in private-sector activity for the…
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Eurozone Manufacturing PMI Hits Near Four-Year High
The Eurozone’s Manufacturing PMI climbed to 52.2 in April 2026 from 51.6 in March, surpassing expectations of 50.8 and marking…
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UK Manufacturing PMI Surges to Near Four-Year High, Private sector Rbounds
The UK Manufacturing PMI jumped to 53.6 in April 2026 from 51.0 in March, exceeding expectations of 49.9 and marking…
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Norway Business Morale Weakens in Q1
Norway’s industrial confidence fell to 1.2 in Q1 2026, from 2.6 in the previous quarter, and bellow its long-term average…
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UK Public Borrowing Narrows in March
UK public sector net borrowing (excluding public sector banks) narrowed to £12.6 billion in March 2026 from £14.0 billion in…
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Saudi Arabia Trade Surplus Narrows Slightly in February
Saudi Arabia recorded a trade surplus of SAR 23.0 billion in February 2026, narrowing slightly from SAR 23.2 billion in…
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When are the German/ Eurozone flash HCOB PMIs for April and how could they affect EUR/USD?
German/ Eurozone flash PMIs Overview The preliminary German and Eurozone flash HCOB Purchasing Managers’ Index (PMI) data for April is due for…
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EU Car Registrations Hit More Than 7-Year High
EU passenger car registrations surged 12.5% year-on-year to an over seven-year high of 1.2 million units in March 2026, accelerating…
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Tesla surges 4% after earnings supporting sentiments Wall Street
Yesterday’s U.S. earnings calendar was clearly dominated by Tesla (TSLA.US), which beat market expectations on both earnings per share and…
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