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Producer prices in the euro area increased by 0.4% in June 2018 compared to the previous month, when their growth was 0.8%, according to Eurostat. Analysts had expected a 0.3% rise in producer prices. Compared with June last year, the price increase was 3.6%, while analysts had predicted the growth of 3.5%. In the European Union, the indicator in monthly terms also increased by 0.4%, and in annual terms - by 4.4%. The most significant increase in producer prices for the month was recorded in Denmark – 2.6%, and Estonia - 2.1%. The decrease was observed in Luxembourg - by 0.9%, in Greece - by 0.6%, and in Croatia - by 0.1%.
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 ...
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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
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