Morning Economic Report 5-15-25

Industrial production in the common currency area expanded by 2.6% in March from the previous month, far more than the forecast of 1.8%. Neither Vladimir Putin, nor Donald Trump will attend the Ukrainian peace talks in Turkey making any breakthrough more than implausible. The US President claims that India offered a trade deal with zero tariffs on US goods. US core retail sales are seen to have increased 0.3 on the month in April. European shares are broadly unchanged, the dollar is lower, and gold is also on the defence.