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

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

German Trade Surplus Widens in March

Germany's calendar and seasonally adjusted trade surplus amounted to 22.3 billion euros in March, up from 21.4 billion euros in February, the Federal Statistical Office said Tuesday.

MT NewswiresMay 7 02:18 ET

ECB's Simkus: Would Expect Three Rate Cuts This Year

European Central Bank (ECB) policymaker Gediminas Simkus said on Monday that rate cuts should not be limited to just June unless there are surprises in data, per Reuters.

FXStreetMay 6 07:53 ET