Germany’s much-vaunted trade surplus disappears as import prices surge

Germany’s much-vaunted trade surplus disappears as import prices surge

Germany trade entered negative territory in May, raising questions about the stability of its economy in the wake of Russia’s invasion of Ukraine. Picture Alliance | Picture Alliance | Getty Images Germany is no longer exporting more than it buys from other countries, highlighting the strains that the nation and other European energy are facing … Read more

Bonds flash recession warning light as key part of the yield curve inverts again

Bonds flash recession warning light as key part of the yield curve inverts again

The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield … Read more

European markets open to close after worst quarter since 2020

European markets open to close after worst quarter since 2020

LONDON — European markets closed mixed Friday after suffering their worst quarter since the onset of the Covid-19 pandemic, as inflation and interest rate hikes continue to weigh on sentiment. The pan-European Stoxx 600 index closed flat, having earlier posted gains of 1% in early deals. Tech stocks fell 2% to lead losses while utilities … Read more

Wall Street, consumer confidence, currencies and oil

Wall Street, consumer confidence, currencies and oil

I’m still optimism on a 12-month view, but for the next three or four months, I think there’s more downside Shane Oliver Chief Economist, AMP Australia’s S&P/ASX 200 was about 1% lower. Retail sales in Australia rose 0.9% in May compared to April, the same increase in April from March. MSCI’s broadest index of Asia-Pacific … Read more

China’s economy didn’t bounce back in the second quarter, survey finds

China’s economy didn’t bounce back in the second quarter, survey finds

China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for export. Si Wei | Visual China Group | Getty Images BEIJING — Chinese businesses ranging from services to manufacturing reported a slowdown … Read more

As inflation runs high, 58% feel nervous about their savings

As inflation runs high, 58% feel nervous about their savings

kate_sept2004 | E+ | Getty Images As record high inflation persists in the US, Americans are feeling a new side effect — in security around their emergency savings, according to a new survey from Bankrate.com. The percentage of people who are uncomfortable with the amount of money they have set aside is now 58%, up … Read more

European markets open to close, data, ECB decision

European markets open to close, data, ECB decision

The pan-European Stoxx 600 closed down 1.3% following the decision. Tech stocks fell 2.3% to lead losses as all sectors and major bourses slid into negative territory. Following its latest monetary policy meeting, the Governing Council announced that it intends to raise its key interest rates by 25 basis points at its July meeting, and … Read more

Wealthier Americans live paycheck to paycheck after inflation spike

Wealthier Americans live paycheck to paycheck after inflation spike

With inflation still hovering near 40-year highs, it’s getting harder for workers across all income levels to make ends meet. The Consumer Price Index, a key inflation metric, increased 8.3% in April from a year ago, according to the latest data from the US Department of Labor. Although it was down slightly from the March … Read more

The Average Amount Of Debt High-Credit Score Borrowers Consolidate

The Average Amount Of Debt High-Credit Score Borrowers Consolidate

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Personal loans provide a flexible way for people to borrow money to pay for a variety … Read more

Volatile week as investors assessed recession prospects

Volatile week as investors assessed recession prospects

LONDON — European markets moved higher on Friday to end a volatile week, as investors around the world assessed inflation and fears of an economic recession. The pan-European Stoxx 600 index gained 0.8% in early trade, with tech stocks adding retail 1.5% to lead gains while stocks slid 1.8%. In terms of individual share price … Read more