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Tariff Jitters Fuel Growth Fears

1 week ago | rttnews.com | Avila Sebastian

Concerns about economic growth in the U.S. assumed center-stage as markets digested the uncertain trade tariff environment. Anxiety about the Fed Chair Jerome Powell's speech on Wednesday also weighed on sentiment. Wall Street Futures are trading below the flatline. European benchmarks are trading in the red. Asian bourses also finished trading on a mostly negative note. The six-currency Dollar Index slipped further. Bond yields are moving mixed.
Eurozone Inflation Eases As Estimated

1 week ago | rttnews.com | Renju Jaya

Eurozone inflation slowed in March, as initially estimated, as energy prices declined for the first time in four months and services inflation softened for the third straight month. The harmonized index of consumer prices climbed 2.2 percent on a yearly basis in March, slightly slower than the 2.3 percent rise in February, final data from Eurostat showed on Wednesday. The rate came in line with the flash estimate released on April 1.
UK Inflation Slows To 2.6%

1 week ago | rttnews.com | Renju Jaya

UK consumer price inflation weakened more than expected to a three-month low in March ahead of an increase in energy bills in April, the Office for National Statistics said on Wednesday. Consumer prices registered an annual growth of 2.6 percent, slower than the 2.8 percent increase in February. Prices were forecast to climb 2.7 percent.
China Economic Growth Beats Expectations

1 week ago | rttnews.com | Renju Jaya

China's economy logged stronger-than-expected growth in the first quarter as fiscal support helped to boost domestic demand but escalating trade tensions pose significant challenges to its growth prospects. Gross domestic product grew 5.4 percent year-on-year, data published by the National Bureau of Statistics revealed on Wednesday. This was better than economists' forecast of 5.1 percent and remained unchanged from the previous quarter.
European Economic News Preview: UK Inflation Data Due

1 week ago | rttnews.com | Renju Jaya

Consumer price inflation from the UK is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK inflation data for March. Inflation is expected to ease to 2.7 percent in March from 2.8 percent in February. At 4.00 am ET, the European Central Bank publishes euro area current account for February. The current account surplus is forecast to rise to EUR 37.3 billion from EUR 35.4 billion in January.
Mixed Market Sentiment As Tariff Uncertainty Weighs

1 week ago | rttnews.com | Avila Sebastian

Sentiment remains mixed in world markets as uncertainty over the trade tariffs weighed on market mood. Hopes of a pause in auto tariffs boosted sentiment. Markets, in the meanwhile are waiting for monetary policy cues in Fed Chair Jerome Powell's speech on Wednesday. Wall Street Futures are trading in the red. European benchmarks are trading with gains. Asian bourses also finished trading on a positive note. The six-currency Dollar Index recorded modest gains. Bond yields mostly hardened.
Ecuador Oil Spill Affected 150,000 People, UN Assessment Finds

1 week ago | rttnews.com | Joji Xavier

A massive oil spill in Ecuador last month has left at least 150,000 people in need of humanitarian assistance, according to an assessment by UN aid coordination office OCHA. The disaster was caused by the rupture of the SOTE pipeline in Esmeraldas province in March, resulting in the spilling of more than 25,000 barrels of oil. The UN Disaster Assessment and Coordination, team, which is part of OCHA, carried out the assessment.
Trump's Approval Rating Steady At 48%; Lowest Approval On Trade Policy

1 week ago | rttnews.com | Joji Xavier

President Donald Trump's approval rating is steady at 48 percent, with the highest approval on his handling of immigration (51 percent) and reducing the cost of government (50 percent), and the lowest on his handling of inflation (41 percent) and tariffs and trade policy (41 percent). These are the highlights of the April Harvard CAPS / Harris poll, a monthly collaboration between the Center for American Political Studies at Harvard and the Harris Poll and HarrisX.
Cryptos Muted Amidst Mixed Trend In Global Markets

1 week ago | rttnews.com | Avila Sebastian

Cryptocurrencies are trading on a flat note amidst mixed sentiment in global markets. Overall crypto market capitalization is almost flat at $2.69 trillion. The 24-hour trading volume has decreased 12.8 percent to $77 billion. Bitcoin has edged down 0.05 percent overnight to trade at $84,950. Ethereum has also rallied more than 3.3 percent in the past 24 hours to trade at $1,613. 4th ranked XRP slipped 0.5 percent during the past 24 hours as it changes hands at $2.14.
US, South Korea To Strengthen Space Cooperation

1 week ago | rttnews.com | Joji Xavier

The United States and South Korea have agreed to strengthen their space cooperation, including joint research in space exploration and science, Earth observation, and enhanced regulatory cooperation. This was decided by the Governments of the two countries at the Fourth United States-Republic of Korea Civil Space Dialogue, held in Washington.