U.S. Stocks Up as EU Agrees to Fast-Track Trade Talks
U.S. stocks rose as investors breathed a sigh of relief after the long weekend, following a brief flare-up in trade tensions between the U.S. and Europe.
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U.S. Durable Goods Orders Tumble on Lower Aircraft Demand
Total orders for goods made to last at least three years, such as automobiles, planes and electronic equipment, were 6.3% lower in April than in March, according to the Commerce Department.
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Consumer confidence rebounds in May on easing of U.S.-China tensions
The consumer confidence index jumped to 98 in May from a revised 85.7 in the prior month, the Conference Board said Tuesday, the first gain after five straight months of decline.
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Home Prices Keep Climbing. What Could Slow Them Down.
Home prices nationally rose 3.4% in March from the year prior, according to S&P CoreLogic Case-Shiller data.
The announcement followed a call between Ursula von der Leyen and President Trump over the weekend after Trump's tariff threat last week.
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French Inflation Eases, Clearing Way for ECB Rate Cut
Consumer prices in France were 0.6% higher on year in May, cooling more than anticipated. German and Spanish data due Friday are also expected to show easing inflation.
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Trump Weighs Sanctions Against Russia as Relationship With Putin Sours
President Trump is growing weary of Vladimir Putin's intransigence on peace in Ukraine and wants to pressure the Russian leader to the negotiating table.
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Lagging Confidence in Dollar Offers Chance to Raise Euro's Profile, Lagarde Says
"We should make clear that we support a win-win approach to trade, ensuring that we are the most attractive partner to make deals with," the ECB President said in a speech on Monday.
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Eurozone's Economic Outlook Picks Up After Tariff Turmoil Abates
Confidence recovered modestly in May as consumers and industry shook off some of the upheaval prompted by U.S. tariff policy in April, according to a monthly survey.
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Why Goldman Sachs says tariff price hikes won't trigger an inflation surge
Economists at Goldman Sachs say the Trump administration's tariff policy will lift prices but not trigger an inflation surge.
Companies are absorbing tariff costs. If consumers pull back, there will be an issue.
Instead of the market's typical summer lull, the season could bring some significant volatility this year.
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China Turns to Consumers to Boost Growth, but Households Are Wary
Beijing has offered incentives to prod shoppers to spend more, but leader Xi Jinping is reluctant to push a bigger shift away from manufacturing.