Market News

Underlying US Consumer prices increased at their slowest pace in six months in August as used motor vehicle prices tumbled, indicating that inflation has probably peaked, though it could remain high for a while amid the persistent supply constraints.

The European Central Bank signalled on Thursday it will trim the emergency bond purchases a notch over the coming quarter. The ECB pulled out all the stops last year as COVID-19 impacted the economy but with the growth and inflation now rebounding…

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.