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In May this year, private loans in the euro area grew at a faster pace than it was expected. According to the European Central Bank, adjusted loans to the private sector increased by 3.3% in May in annual terms after growing by 3% in the previous month. Household loans increased by 2.9%, loans to non-financial corporations increased by 3.6%. The annual increase in the broad monetary aggregate M3 accelerated to 4% from 3.8% in April. The M1 aggregate, including currency in circulation and overnight deposits, increased by 7.5% after growing by 7% a month earlier.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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