United Kingdom BoE Pill Speech

Euro Area ZEW Economic Sentiment Index

Germany ZEW Current Conditions

Germany ZEW Economic Sentiment Index

The United Kingdom's unemployment rate edged higher to 4.5% from January to March 2025, after remaining unchanged at 4.4% for four consecutive periods, aligning with market expectations. This marked the highest jobless rate since the three months ending August 2021, as the number of unemployed for up to 6 months and over 12 months increased, as well as those unemployed for 6 to 12 months. Meanwhile, the number of employed individuals rose by 122 thousand, marking the smallest increase since December 2024, to reach 33.98 million, mainly driven by a fall in full-time employment. The number of people holding second jobs also increased, now representing 3.9% of all employed individuals. Lastly, the economic activity rate remained unchanged at 21.4%.

UK Jobless Rate Highest Since 2021

The number of payrolled employees in the United Kingdom dropped by 33 thousand, or 0.1% to 30.3 million in April 2025, following a revised 47 thousand decline in the previous month. Compared to the same month last year, payrolled employment fell by 0.3% or 106 thousand, with the largest decrease observed in the accommodation and food service activities sector (-107 thousand). Across regions, Westminster saw the biggest drop in payrolled employees (-3.2%), while Causeway Coast and Glens recorded the highest increase (1.6%). Meanwhile, the median monthly pay rose by 6.4% year-on-year to £2,521. Annual growth in median pay was the highest in accommodation and food service activities sector (8.5%), while the lowest was in the professional, scientific and technical sector (4.6%).

UK Payrolls Down 33K in April

European equity markets were set to open broadly flat on Tuesday, as investors continued to evaluate the implications of the initial US-China trade agreement, with uncertainty lingering over developments beyond the 90-day tariff pause. Attention will also turn to a series of key economic indicators, including Germany’s ZEW survey of economic sentiment and the latest UK retail sales and unemployment figures, which may offer further insight into the region's economic trajectory. On the corporate front, earnings reports are expected from major firms including Munich Re, Bayer, and Ferrovial. In premarket trade, both Euro Stoxx 50 and Stoxx 600 futures hovered near the flatline, signaling a tentative start to the session.

European Markets Poised for Cautious Open

China has lifted its ban on domestic airlines receiving Boeing aircraft following a trade truce with the U.S., Bloomberg News reported Tuesday. The move comes after Washington and Beijing agreed to pause their tariff war for at least 90 days. China has reportedly begun informing airlines and agencies that U.S.-made aircraft deliveries can resume. In April, Boeing said some Chinese customers had refused deliveries due to tariffs, prompting the company to explore reselling dozens of planes.

Trending Symbols And Events

Most latest news, events and ideas for smart decisions

Latest News