ECONOMY & MARKETS

Freddie Mac's chief economist, Sam Khater, highlighted that the 30-year fixed-rate mortgage hit its lowest level in nearly three months and expects rates to continue to fall over the summer, potentially bringing more buyers back into the market.

The upward revision is attributed to a decrease in imports and increased nonresidential fixed investment and government spending.

Experts from Wall Street and economic analysts predict Trump's measures could lead to a resurgence of inflation, which has only recently shown signs of cooling.

This marks the third consecutive week of declining mortgage rates, which have largely remained around 7% since April.

Chancellor Olaf Scholz's Social Democrats (SPD), the Greens and the liberal FDP, who came to power in 2021, have until July 3, the end of the current parliamentary term, to reach a compromise.

This adjustment represents a 27% rise in the deficit forecast, attributed to factors such as increased Medicaid spending, the fallout from the 2023 banking crises, and the passage of a $95 billion aid package for Ukraine, Israel, and the Indo-Pacific region in April.

British inflation slowed in May to the central bank's two-percent target, official data showed Wednesday, boosting Prime Minister Rishi Sunak's struggling election campaign.

Both the tech-rich Nasdaq and the broad-based S&P 500 pushed to all-time closing highs.

The IMF executive board voted Thursday to approve a payout of almost $800 million for Argentina as it continues a program of drastic economic reforms under its libertarian president, Javier Milei.

For the second consecutive days the U.S. economy received good news on the inflation front in the form of government data, with Thursday's drop indicating an unexpected decline in wholesale prices in May.

The May headline consumer inflation rate is expected to be little changed from a month earlier, according to the median forecast of economists surveyed by Dow Jones Newswires and The Wall Street Journal.

Britain's economy stagnated in April after emerging from recession in the first quarter of the year, official data showed Wednesday ahead of the country's general election next month.

The stock jumped 7% to close at a record high, marking its best single-day performance since November 2022.

European markets sank with the euro on Monday after a win for far-right parties in EU elections and French President Emmanuel Macron's decision to call a snap parliamentary poll fuelled uncertainty in the bloc.

GameStop shares fell after a decline of 29% in sales was reported amid anticipation for "Roaring Kitty's" YouTube livestream.

The U.S. economy added more jobs than projected in May, but the unemployment rate topped 4% for the first time in nearly 18 months.

Japan's household spending rose in April for the first time in 14 months, official data showed Friday, as wages grow at the fastest pace in three decades.

Turkey has been battling soaring consumer prices that prompted Erdogan to drop his opposition to interest-rate hikes to combat inflation.

Trump Media & Technology Group's stock, which trades under the ticker symbol "DJT," dropped about 9% in after-hours trading.

The U.S. economy received some mixed news from fresh data released Thursday, including slight changes in inflation rates, jobless claims and gross domestic product (GDP).

The critical driver behind rising bond yields worldwide is stubbornly high inflation, thanks to robust consumer spending in the world's largest economy and supply-side pressures. These pressures prevent central banks from easing monetary policy.

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Nvidia's string of robust financial reports have stunned Wall Street's analysts.

Shanghai has relaxed rules on buying property in the city, as local governments across China aim to ease an agonising real estate crisis that is dragging on the economy.

The pace of Japanese inflation slowed in April to 2.2 percent as gas bills fell, government data showed Friday, with the figure remaining above the Bank of Japan's two percent target.

The European Central Bank did not have to take its cues from the US Federal Reserve and could start to lower rates as soon as June, Bank of Finland governor Olli Rehn told AFP. "While we don't make policy in a vacuum, the ECB is not the 13th Federal district of the US Federal Reserve," which is split into 12 zones, said Rehn.

Britain's annual inflation rate slowed to a near three-year low in April as energy prices cooled further, official data showed Wednesday, easing a cost-of-living crunch before this year's general election.

Almost 20 percent of adults in the United States were financially impacted by natural disasters last year, the Federal Reserve said Tuesday, marking a nearly 50-percent rise from 2022.

The Nasdaq Composite and the S&P 500 climbed to a fresh record Tuesday following a choppy session after a smattering of mixed earnings and muted Federal Reserve commentary.