The United Kingdom (UK) Retail Sales jumped 1.2% month-over-month (MoM) in April after advancing 0.1% in March (revised from 0.4%), the latest data published by the Office for National Statistics (ONS) showed Friday. Markets expected a 0.2% rise in the reported month.
The Financial Times reported on Friday that US President Donald Trump's trade negotiators are pressuring the EU to reduce tariffs on US imports unilaterally, claiming that without concessions, the bloc would not move in discussions to avoid extra 20% "reciprocal" taxes.
Japan’s Prime Minister Shigeru Ishiba said on Friday that there was no change in Japan's stance on US tariffs and its demand that they be eliminated.
Japan's Economy Minister Ryosei Akazawa said on Friday that he intends to visit the US around May 30 for the fourth round of talks, Reuters with the info citing unnamed sources.
European Central Bank (ECB) President Christine Lagarde said on Friday that with US President Donald Trump’s extension of his trade war to nearly every country, we must question the links of dependency that we have with each other and, in certain matters, with the United States.
Japan’s National Consumer Price Index (CPI) climbed by 3.6% YoY in April, compared to the previous reading of 3.6%, according to the latest data released by the Japan Statistics Bureau on Friday.
New Zealand’s Retail Sales, a measure of the country’s consumer spending, rose 0.8% QoQ in the first quarter (Q4) from the previous reading of 0% (revised from -0.1%), according to the official data published by Statistics New Zealand on Monday.
Bank of Canada (BoC) Governor Tiff Macklem and Canadian Finance Minister François-Philippe Champagne gave dueling talking points on Thursday, reviewing their G7 experiences this week.
The US Dollar (USD) managed to reverse part of its recent multi-day pullback on Thursday as investors assessed the stronger-than-expected US business activity readings and the US fiscal front, particularly after President Trump’s sweeping tax bill cleared the House of Representatives.