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In March, annual inflation in Germany slowed to 1.3% from 1.5% in February, preliminary data from Destatis, obtained from the calculation of consumer prices according to national standards, showed. Experts expected inflation at 1.5%. Compared to February, consumer prices rose 0.4%, while economists had predicted a 0.6% increase. The annual growth of prices for food and non-alcoholic beverages was at the level of 0.7%, while the cost of services increased by 1.2%, and household energy rose by 4.5%. The inflation rate, derived from EU standards, was 1.5%, indicating a slowdown compared to 1.7% over the previous three months. In monthly terms, consumer prices increased by 0.6%.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
Gold prices fell earlier on Tuesday in Asia as the Dollar strengthened, pulling traction away from the yellow metal. Gold futures fell by 0.85% to $1,798.65 per ounce at 1:12 AM ET (6:12 AM GMT), still remaining above the $1,800 level. Losses ...
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