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Full-scale war in the Middle East moves another step closer – Commerzbank
The conflict in the Middle East became more explosive overnight: after the US withdrew embassy staff from Iraq, and amid reports that Israel could attack Iran, military strikes were carried out last night, Commerzbank's FX analyst Michael Pfister notes.Fxstreet
Fri, Jun 13
Euro zone industry, trade take big hits in April amid tariff turmoil
FRANKFURT, June 13 (Reuters) - Euro zone industry and trade took major hits in April, likely reflecting U.S. tariffs announcements, challenging the view of economists that the bloc is holding up well in the face of economic turmoil.Industrial production fell by 2.4% on the month in April, more than ...Reuters
Fri, Jun 13
High oil prices due to Israeli strikes on Iran would hurt German economy, DIW says
Israel-Iran conflict may impact German economy via oil price hikesGermany's economic growth forecast raised due to strong first quarterGovernment investment package expected to boost economy despite U.S. trade policy challengesBy Maria Martinez BERLIN, June 13 (Reuters) - A conflict between I...Reuters
Fri, Jun 13
German ministry warns trade uncertainty could weaken economy
BERLIN, June 13 (Reuters) - The German economy ministry warned that uncertainty over the United States' trade policy remains high and could threaten economic recovery, in its monthly report published on Friday."Therefore, a renewed weakening of the German economy in the further course of the...Reuters
Fri, Jun 13
German economy expected to grow by 0.3% in 2025, DIW Berlin says
BERLIN, June 13 (Reuters) - The German economy is expected to grow by 0.3% this year following two consecutive years of contraction, the economic institute DIW Berlin said on Friday, the fifth institute to raise its forecasts for 2025 and 2026.The DIW had previously expected 0.1% growth for 2025 but...Reuters
Fri, Jun 13
China's 2025 LNG imports expected to fall in unusual downturn, analysts say
Analysts forecast China's LNG imports to fall between 6% and 11% in 2025Weak demand from industrial and chemical users, mild winter to blameDecline unusual blip for world's largest LNG importerBy Sam Li and Emily Chow BEIJING/SINGAPORE, June 13 (Reuters) - China's annual imports of li...Reuters
Fri, Jun 13
GBP/JPY holds losses around 195.00 due to risk-off sentiment
GBP/JPY extends its losses for the second successive session, trading around 195.00 during the European hours on Friday. The currency cross depreciates as the Pound Sterling (GBP) faces challenges amid risk aversion, driven by the escalating geopolitical tensions in the Middle East.
Fxstreet
Fri, Jun 13
Israel begins intercepting drones launched from Iran outside borders
A military official said on Friday that Israeli Air Force fighter jets have started to shoot down the drones launched at Israel from Iran earlier this morning, per the Time of Israel. Drones are being caught outside of Israel’s borders.Fxstreet
Fri, Jun 13
Iran pulls out of nuclear talks with the US planned for Sunday
Iran International reports on Friday that the sixth round of talks with the United States (US) will not be held following the Israeli attacks, citing senior Iranian lawmaker Aladdin Boroujerdi, a member of parliament’s National Security and Foreign Policy Commission.Fxstreet
Fri, Jun 13
German inflation confirmed at 2.1% in May
BERLIN, June 13 (Reuters) - German inflation eased to 2.1% in May, the federal statistics office said on Friday, confirming preliminary data.German consumer prices, harmonised to compare with other European Union countries, had risen by 2.2% year-on-year in April.Reuters
Fri, Jun 13
