Rental costs are soaring! Major central banks face stubborn obstacles to curbing inflation

In the US, the UK, Canada, and Australia, rapidly rising housing costs — which weigh heavily in the consumer price index basket — are preventing inflation from falling back to the central bank's target level.

Zhitong Finance46minutes ago

ECB's Nagel Says Structural Forces Could Keep Inflation Higher

European Central Bank Governing Council member Joachim Nagel said forces including geopolitics and decarbonization could keep consumer-price growth elevated in the years ahead.

BNN BloombergMay 7 11:58 ET

Canadian Dollar Skittish on Tuesday Despite Improving Ivey PMI

Canadian Dollar easing but sticking to midrange

FXStreetMay 7 11:48 ET

ECB Can Cut Rates in June If Inflation Path Holds, De Cos Says

The European Central Bank can begin to lower interest rates at its meeting next month, should there be no more jolts to consumer prices, according to Governing Council member Pablo Hernandez de Cos.

BNN BloombergMay 7 05:58 ET

Italian Construction PMI Contracts Amid Reduced Activity, New Orders in April

Italy's construction sector slipped into contraction territory in April due to a slump in activity and new orders across the civil engineering, commercial and residential sub-sectors, S&P Global and Hamburg Commercial Bank said Tuesday.

MT NewswiresMay 7 03:55 ET

German Monthly Factory Orders Drop 0.4% in March

Germany's factory orders decreased 0.4% month over month in March, following a revised 0.8% drop in February, the country's Federal Statistical Office said Tuesday.

MT NewswiresMay 7 02:21 ET