The Ifo business-climate index nevertheless remains at a subdued level, having plummeted after the outbreak of the war in Iran.
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German Business Confidence Edges Higher on Hopes Iran Tensions Ease
U.S. Retailers’ Sales Growth Accelerated Last Month
Sales growth rose more than expected for U.S. retailers in May, as consumers continued to make purchases even as gasoline prices remained elevated. Source link
U.S Jobless Claims Fell Last Week
U.S. jobless claims fell last week, another sign the labor market remains stable despite economic uncertainty from the war in Iran. Source link
The U.S. mortgage market is locked in a tug of war, leaving home buyers and refinancers caught between a brief respite in geopolitical tensions and a hawkish Fed
Rates eased briefly on ceasefire talks, but a hawkish Fed means the spring housing freeze is likely to stretch through the year. Source link