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Germany’s economy shrank more than initially estimated in the second quarter due to a much weaker performance by manufacturers following a surge in US business at the start of the year to avoid tariffs.

Applications for US unemployment benefits rose last week to the highest level since June and continuing claims climbed, adding to evidence the US labor market is slowing.

The US and European Union took the next steps to formalize their trade pact, detailing plans that could reduce tariffs on European automobiles within weeks while opening the door to new potential discounts for steel and aluminum.

The euro area’s private sector grew at the quickest pace in 15 months as manufacturing exited a three-year downturn despite a deal locking in higher levies for exports to the US.

German private-sector activity unexpectedly quickened in August as a three-year slump in manufacturing neared an end despite Europe’s deal on higher US trade levies.

Federal Reserve Governor Lisa Cook signaled her intention to remain at the central bank in defiance of calls for her resignation by President Donald Trump over allegations of mortgage fraud.

The euro-zone economy is likely to see slower growth this quarter, with question marks over global trade remaining despite recent deals with the US reducing uncertainty, European Central Bank President Christine Lagarde said.

Central bankers gathering in Jackson Hole, Wyoming this week for the Federal Reserve’s annual conference are prepared to go beyond swapping research papers and savoring mountain views — they’re coming to defend Jerome Powell.

Die Verbraucherpreise sind heuer im Juli mit 3,6 Prozent auf Jahressicht stärker gestiegen als in der Schnellschätzung der Statistik Austria angenommen: Ursprünglich ging man von 3,5 Prozent aus, teilte die Behörde am Mittwoch mit. Die harmonisierte Inflationsrate lag bei 3,7 Prozent – und damit weit über dem EU-Schnitt von 2,0 Prozent. Ein Preisauftrieb wurde bei Nahrungsmitteln und bei Verwaltungsgebühren verzeichnet. Zu den größten Preistreibern zählten weiterhin die Gastronomie sowie Energie.

US stocks are “in the early days” for a bubble, although the critical point for a correction has yet to come, Oaktree Capital Management LP co-founder Howard Marks cautioned.

Options traders are increasingly nervous about a plunge in technology stocks in the coming weeks and are grabbing insurance to protect themselves from a wipeout.

Nach dem Ukraine-Gipfel im Weißen Haus scheint ein Treffen des ukrainischen Präsidenten Wolodymyr Selenskyj mit Kreml-Chef Wladimir Putin näherzurücken. US-Präsident Donald Trump erklärte Montagabend, er habe Putin angerufen und mit den „Vorbereitungen“ für ein solches Zweiertreffen begonnen. Selenskyj sagte, er sei dazu auch ohne Vorbedingungen bereit. Fortschritte wurden offenbar beim Thema Sicherheitsgarantien für die Ukraine erzielt.

China’s exports of rare earth products — including magnets — extended their recovery in July, months after Beijing threatened a disruptive global shortage by crimping supplies to fight a trade clash with US President Donald Trump.

The EU’s efforts to safeguard its digital regulations are holding up a joint statement on trade, following an agreement struck last month in Scotland, the Financial Times reported.

Bond traders’ big bet that the Federal Reserve is poised to lower interest rates faces a key moment this week as Chair Jerome Powell gets a chance to weigh in on the economy.

President Donald Trump said he would set levies on semiconductors in the coming two weeks, the latest indication he’s readying a substantial expansion of his tariff regime.

Exports from Ireland to the US sank by 23%, suggesting multinational companies shifted course after a jump in shipments before the announcement of tariffs earlier in the year.

China’s economy slowed across the board in July with factory activity and retail sales disappointing, suggesting Donald Trump’s trade war is starting to weigh on the world’s No. 2 economy.

US consumer sentiment unexpectedly fell for the first time since April and inflation expectations rose on lingering anxiety about the impact of tariffs.

US wholesale inflation accelerated in July by the most in three years, boosted by a surge in margins that indicates companies are not absorbing higher import costs related to tariffs.

US-Präsident Donald Trump hat vor seinem mit Spannung erwarteten Gipfeltreffen mit dem russischen Staatschef Wladimir Putin zum Ukraine-Krieg erneut die Erwartungen gedämpft. Trump sagte am Donnerstag im Sender Fox News Radio, das Treffen diene insbesondere der Vorbereitung eines wichtigeren künftigen Dreiergipfels mit dem ukrainischen Präsidenten Wolodymyr Selenskyj. Allerdings könne das Zweiertreffen mit Putin am Freitag im US-Bundesstaat Alaska auch scheitern.

Bitcoin hit a record high Wednesday, moving in lockstep with a rally in US equities as investors pushed deeper into risk-taking territory across world markets.

Turkey’s central bank kept its year-end inflation forecast unchanged, maintaining a more optimistic stance than markets and businesses.

China sanctioned a pair of banks in the EU, fulfilling a promise to retaliate after the bloc targeted some Chinese lenders over Russia’s invasion of Ukraine.

Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said.

A largely benign US inflation report is bolstering the case for traders betting that the Federal Reserve will soon cut interest rates, with some seeing an increased possibility of an outsize reduction.

Stocks climbed to a record after an in-line US inflation reading bolstered speculation the Federal Reserve will have room to cut rates in September.

US tariff revenue reached a fresh monthly record in July, though the increase wasn’t enough to prevent a widening in the monthly budget deficit — pointing to the federal government’s continuing fiscal challenges.

Treasury Secretary Scott Bessent suggested that the Federal Reserve ought to be open to a bigger, 50 basis-point cut in the benchmark interest rate next month, after having skipped a move at the last meeting.