German Industry Won't Help Economic Growth in Coming Months -- Market Talk

German industrial production might continue to weaken in the coming months, with incoming orders still subdued, before a mild recovery in the second half of 2024, according to Commerzbank economist Ralph Solveen.

WSJ05:47 ET

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

Bank of Spain Governor: If inflation continues to cool down, it is very likely that the ECB will cut interest rates in June

ECB Governing Council member and Bank of Spain President Pablo Hernandez de Cos (Pablo Hernandez de Cos) said that if consumer prices in the Eurozone no longer fluctuate sharply, which means that the downward path of inflation remains unchanged, the ECB can consider announcing the first rate cut at next month's interest rate meeting.

Zhitong FinanceMay 7 07:00 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