The most important events and reports on the economy, central banks, politics from the program of Dow Jones Newswires
German retail records in April
The sales in German retail sank in April, contrary to expectations. As the Federal Statistical Office (Destatis) announced on the basis of preliminary data, sales after deduction of inflation fell by 1.1 percent compared to the previous month. Economists surveyed by Dow Jones Newswires forecast an increase of 0.2 percent. For March, the monthly increase was revised to Real 0.9 (initially: 0.4) percent. The sales in April were 2.3 percent higher in April.
Increasing inflation and weak production in Japan
Japan’s economic data draws a mixed image of increasing inflation and slow industrial activity, which the Bank of Japan brings into a difficult situation when it is considering future interest rate increases. Consumer prices without fresh food in the greater Tokyo area rose by 3.6 percent in May compared to the same month in the previous year and thus more than in April (3.4 percent), which is due to the continued increase in food prices as a whole.
US Federal Court of Appreciative establishes judgment against Trump-Zölle
A US Federal Court of Appeal has again put the extensive tariffs of US President Donald Trump into force. The court ordered a preliminary delay on Thursday, which enables the tariffs to remain in force while the court listens to the arguments. On Wednesday, the US court for international trade initially declared the punitive tariffs imposed by Trump null and void.
Trump says Powell that he makes a mistake in the interest
The Chairman of the US Federal Reserve, Jerome Powell, met with US President Donald Trump in the White House on Thursday to talk to him about the economic outlook. The Federal Reserve announced on its website that Powell met with Trump, “to discuss economic development including growth, employment and inflation”. The meeting took place at the invitation of the President. “The Press spokeswoman of the White House, Karoline Leavitt, confirmed the Fed’s message at a press conference.
US customs judgment could influence trade talks
A judgment of a trade court on the tariffs of US President Donald Trump could limit the efforts of the United States to trade agreements, according to the Citi analysts. During the appointment phase, the markets could revise some of their original assumptions, they write. Finance Minister Scott Bessent said to Fox News that the judgment had had no impact on the negotiations. “We have seen nothing of our trading partners, they come to us in good faith and try to conclude the agreements before the end of the 90-day break,” he said. “We have not noticed a change in your attitude in the last 48 hours.”
+++ Economic data +++
Sweden 1q GD -0.2% GG before quarter
Sweden 1Q GDP forecast: +0.1% GG before quarter
Sweden 1Q GDP +0.9% GG previous year
Sweden 1Q GDP forecast: +1.5% GG previous year
Japan/industrial production APR -0.9% (Prog: -1.5%) GG VM
Japan/retail turnover APR +3.3% GG previous year
Japan/retail turnover supermarket APR +1.5% GG VJ
Japan/unemployment rate APR 2.5% (Prog: 2.5%)
DJG/DJN/APO
(End) Dow Jones Newswires
May 30, 2025 03:00 ET (07:00 GMT)