Tag Archives: Eurozone

Headline consumer prices in the eurozone rose somewhat more than expected in April, but underlying costs fell unexpectedly, providing regional rate-setters with a mixed picture of inflation as they prepare to announce their next rate decision this week. Following a renewed rise in energy prices, the currency’s area consumer price …

The EUR/USD pair seesaws around 1.1030 after a volatile US session. The pair is trading at 1.1026 at the time of writing. On Thursday, the first readings of the US Gross Domestic Product (GDP) for the first quarter (Q1) of 2023, also known as Advance readings, marked mixed outcomes. Headline …

Wall Street moved in an erratic manner, ending the trading week with minor losses. The major indices retreated from their monthly highs. The mid-May rally has encountered resistance. The stock market appeared to be heading nowhere on Friday due to a lack of conviction, a week’s worth of company financial …

According to figures released by the US Census Bureau on Friday, retail sales in the US fell by 1% on a monthly basis to $691.7 billion in March. This report was worse than the market consensus of a decline of 0.4% and followed February’s contraction of 0.2% (updated from -0.4%). …

“Eurozone inflation is at risk of getting entrenched above 2% so the European Central Bank will keep fighting excessive price growth, even as its policy response is shifting gears,” said French central bank chief Francois Villeroy de Galhau late Tuesday per Reuters.The EUR/USD pair grinds higher and holds onto the …

According to Reuters, policymaker for the European Central Bank (ECB) Pablo Hernandez de Cos stated on Monday that core inflation in the Eurozone is expected to continue high for the remainder of the year.“There is still territory to be covered in terms of monetary policy,” de Cos continued, “if the …

As of this writing, the EUR/USD is fluctuating at 1.0954, ahead of the US Employment and ISM Services PMI data. An important drop in US job openings suggests that the US labour market is currently cooling. The recent increase in the price of oil may cause inflation in the Eurozone, …

In February, producer prices in the euro zone decreased for the fifth consecutive month and by a larger amount than anticipated, virtually exclusively as a result of falling energy costs. The prices at factory gates in the 20 nations that use the euro decreased by 0.5% month over month in …

The most recent information released by Eurostat on Friday revealed that the annualised Harmonized Index of Consumer Prices (HICP) for the Eurozone decreased to 6.9% in March from 8.5% in February. The market anticipated a decrease in the inflation rate to 7.1% for the reporting period. Contrary to expectations of …

According to Isabel Schnabel, ECB board member, the Eurozone’s underlying inflation is proving stubborn, increasing concerns that excruciatingly high price growth may become more enduring.Schnabel, on Wednesday, claimed that while a widening of corporate profit margins is also a primary cause of inflation, rapid nominal wage increases may be a …