NEWSFEED HIGHLIGHTS

A stronger-than-expected expansion of the UK economy in February will be welcomed by households and policymakers alike, but is likely to carry limited weight against a deteriorating global backdrop.

Data from the Office for National Statistics showed GDP rose 0.5% in February, comfortably above the 0.1% consensus and an upwardly revised 0.1% in January (initially reported as flat), following 0.1% growth in... 

According to data from the Bureau of Labor statistics, US inflation was already firming before the onset of the US-Iran conflict, data released this week showed.

Headline consumer prices rose 3.3% year on year in March, a tenth of a percentage point below consensus but nearly a full point above the prior month. On the month, prices increased 0.9%, in line with expectations and up from 0.3% in February.

This week’s US data should help policymakers better assess the emerging global energy shock and its implications for inflation expectations.

On Friday, the Bureau of Labor Statistics will release March consumer price data. Analysts expect headline CPI to rise 3.3% y/y, accelerating from 2.4% previously. On a monthly basis, CPI is seen increasing 0.9%, up from 0.3% in February.

Core CPI, which... 

President Donald Trump on Tuesday said he agreed to suspend planned attacks on Iranian infrastructure for two weeks, backing off his shocking threats to imminently order the destruction of Iran’s “whole civilization.”

The move, more than five weeks after the U.S. and Israel launched the war, was “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz,” he wrote on Truth... 

Headline consumer price growth in the euro area climbed sharply in March after a month of war in the Middle East sparked a surge in energy costs.

In a preliminary report, the EU statistics office Eurostat said annual Eurozone inflation last month increased to 2.5% -- its highest since January 2025 – to fall short of the market estimate of 2.7% but handily outpace the 1.9% reading in February.