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At the end of last week, the slowdown in business activity in the eurozone as a whole and in Germany’s private sector in particular raised concerns about a slowdown in economic growth in this region, finversia.ru writes. These factors, along with concerns about the UK exit from the EU and Italy’s budget plans, led to lower inflation expectations that have decreased to a minimum in a year. It also prompted investors to lower their forecasts regarding the interest rate hike by the European Central Bank in 2019. Now, the probability of an increase in the deposit rate by 10 basis points is estimated by them to be less than 90%, whereas at the beginning of last week it was estimated at 100%.
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
KYC Policy