German industrial orders rose 5% in March; conflict-driven energy uncertainty threatens demand, risking Q2 2026 contraction.
NBC says Canada’s tariff edge is shrinking; manufacturing is vulnerable, and averages hide provincial and industry risks.
Euro area retail slipped; EU rose. Construction PMI hit 41.7. UK election losses raised fiscal risks, impacting bonds, EUR/USD.
EUR/GBP holds near 0.8641 as UK election uncertainty and Middle East headlines shape Sterling and Euro outlook.
Whirlpool shares plunged 20% after earnings miss; loss widened, guidance cut, dividend suspended amid geopolitical, housing, inflation pressures.
Hormuz disruption cuts 9–10 mbpd; Brent nears $100, could hit $150, fueling inflation, stagflation, gold pressure.
US unit labour costs rose 2.3% annualized in Q1, down from 4.4%, indicating easing labor cost pressures.
US continuing jobless claims fell to 1.766 million, under 1.8 million forecast, indicating fewer recipients than expected.
US four-week average initial jobless claims dropped to 203.25K ending May 1, from 207.5K previously.
US initial jobless claims totaled 200,000 in week ending May 1, beating forecasts by 5,000 overall.
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