Market News

Eurozone inflation surged to a 10-year high in August. Consumer inflation in the 19 countries sharing the EUR accelerated to 3% in August from 2.2% in July moving well above the ECB’s 2% target rate.

German exports to China declined for the first time in nearly a year in July, easing by 3.9% year-on-year to €8.4 billion, said the statistics office on Wednesday.

The eurozone economy grew 2% in the second quarter, the European Union Statistics office said on Tuesday, as the easing of the coronavirus restrictions spurred economic activity after a brief recession.

Eurozone factory output dropped in June as Germany, faltered amid supply bottlenecks, showed estimates released from the European Union on Thursday.

In a Monetary Policy Committee, the Bank of England on Thursday set out its plans for how it would start to ease the economy from the huge levels of support …

The International Monetary Fund on Tuesday maintained its 6% global growth forecast for 2021. The outlook for the US and other wealthy economies have been upgraded but cut estimates for a number of developing countries…

The European Central Bank on Thursday pledged to keep interest rates at record lows for even longer to help sluggish inflation in the eurozone rise back to its 2% target. The bank said it would not hike rates until it sees inflation …

The European Central Bank is charting their new policy path at its next meeting to reflect its change of strategy and show it is serious about reviving inflation.

China’s consumer spending has been dragging down for a while in its economic recovery from the pandemic, the same results can be seen in the retail sales in other parts of Asia.

Eurozone manufacturing activity expanded at its fastest pace on record, in June according to a survey on Thursday. It also showed factories encountered the steepest rise in raw materials costs over two decades.

Eurozone business growth accelerated at is fastest pace in 15 years this month amid the easing of lockdown measures and the increase in demand driven by the bloc’s services industry, according to a survey. The slow start in the region’s vaccination …

A sharp increase in energy prices and more expensive services boosted consumer inflation in May, according to data on Thursday, taking the rate of price growth above the European Central Banks target.