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Producer prices in the euro area rose in August by 0.3% from the previous month and by 4.2% compared with August last year, Eurostat reported. According to experts, the first indicator was expected to grow by 0.2%, the second one – by 3.9%. The price increase was due to more expensive energy, which rose in August by 0.9% compared to July and by 12% compared with last year. Without taking into account the cost of energy, prices did not change compared to July, and compared with the same month of 2017 - increased by 1.5%. Preliminary data from the statistical agency showed that consumer prices in the eurozone rose in September by 2.1% in annual terms.
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 ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
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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