US annual inflation eased to 2.3% in April 2025, reaching its lowest level in over four years, according to the latest data from the US Labor Department. The figure came in just below market expectations of 2.4% and followed a reading of 2.4% in March.

The number of Americans filing for unemployment benefits declined in the latest weekly report, offering fresh evidence of continued labor market stability despite broader economic concerns.

The Bank of England (BoE) delivered the expected 25 basis point cut at its May meeting, lowering the Bank Rate to 4.25%.

The European Union is preparing to introduce legislation that would impose a complete ban on Russian gas imports, including liquefied natural gas (LNG), as it steps up efforts to end its reliance on Russian energy.

The U.S. service sector experienced a significant loss of momentum in April, with activity expanding at its slowest pace since November 2023, according to the S&P Global PMI.

The U.S. economy added 177,000 nonfarm payroll jobs in April, according to the Bureau of Labor Statistics. The unemployment rate remained unchanged at 4.2%, marking the third consecutive month at this level. While overall job growth remains positive, the report highlighted signs of moderation in the broader labor market.

Apple reported a 2.3% decline in revenue from China in its fiscal second quarter ending in March, bringing in $16 billion, below analyst expectations of $16.83 billion.

The US manufacturing sector continued to expand slightly in April, but growth remained subdued.