Bloomberg German inflation hit another all-time high, adding urgency to the European Central Bank’s exit from crisis-era stimulus after numbers from Spain also topped economists’ estimates. Driven by soaring energy and food costs, data showed consumer prices in the continent’s biggest economy jumped as much as 8.7% from a year ago in May. Analysts surveyed by Bloomberg predicted an 8.1% ...

  Bloomberg The US merchandise-trade deficit shrank in April by the most since 2009 as imports fell amid lockdowns in China while exports increased to a record. The shortfall narrowed by 15.9% to $105.9 billion last month, following a record level in March, Commerce Department data showed. The figures, which aren’t adjusted for inflation, compared with a median estimate for ...

  Bloomberg Sweden’s economy shrank more than initially reported in the first quarter, partly as a result of sluggish levels of exports and upward revisions to statistics in previous years. Gross domestic product contracted 0.8% in the three months through March from the prior quarter, the first decline since the fourth quarter of 2020, Statistics Sweden said. That compares with ...