Euro area business activity fell as the services sector weakened, with analysts pointing to spillovers from the Middle East conflict. At the same time, US retail sales rose, suggesting consumers in the US are still spending despite global pressures. The contrast highlights how regional shocks are hitting demand unevenly across major economies.
Euro zone bond yields rose slightly on Monday as traders questioned whether the US Iran ceasefire will hold. The uptick reflected renewed geopolitical worry, though borrowing costs remain well below the late March peaks reached before the ceasefire was announced, suggesting the market is still pricing a partial cushion despite fresh risk.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
