The Eurozone economy rebounded 2.0% on quarter in the three months to June of 2021, beating 1.5% expected and -0.3% prior, the first estimate showed on Friday. On an annualized basis, the bloc’s GDP rate expanded by 13.7% in Q2 vs. -1.3% booked in the first quarter of 2021 while …

According to Eurostat’s preliminary reading of the Eurozone CPI report, the annual figure came in at 2.2% in July, outpacing expectations of 2.0% while rising from June’s reading of 1.9%.

European shares retreated from record highs on Friday, as concerns about the rapidly spreading mutated delta strain of the coronavirus and regulatory moves in China outweighed optimism about the quarterly earnings season and economic recovery. The pan-European STOXX 600 index fell 0.8% by 0714 GMT, while Asian stocks are heading …

The Japanese Nikkei index closed at its lowest level since the beginning of the year as investor sentiment was negatively affected by the rise in Covid-19 cases, some disappointing earnings announcements, and a decline in US stock futures. The Nikkei fell 1.8% to close at 27,283.59 points, the largest drop …

Gold prices fell slightly during trading on Friday, but they remain near their highest levels in two weeks. With it heading to close the week with the highest rise since May 21, due to signs that the Federal Reserve is not ready to scale back its asset purchases program or …

French Finance Minister Bruno Le Maire said that the second-quarter economic performance was ‘exceptional’ after the economy expanded 0.9% QoQ in Q2 vs. 0.8% expectations. “Q2 French economic performance puts France on track to meet its 6% growth target for whole of 2021.”

Oil prices fell but were still on track to achieve significant weekly gains, with demand growing at a faster pace than supply, while vaccinations are expected to mitigate the impact of a new rise in Covid-19 cases around the world. Brent crude futures for September delivery, which expire on Friday, …

The dollar fell to a one-month low on Thursday after the Federal Reserve reassured that a rate hike was still a long way off, giving a major boost to most other currencies from the Australian dollar to the Chinese yuan. China’s efforts to calm stock market jitters precipitated by its …

There were 400,000 initial claims for unemployment benefits in the US during the week ending July 24, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 424,000 (revised from 419,000) and came in worse than the market expectation of …

The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 6.5% in the second quarter of 2021, the US Bureau of Economic Analysis’s first estimate showed on Thursday.