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Producer prices in the 19 eurozone countries rose 0.4% in July 2018, compared to the previous month, according to data provided by Eurostat. The rise in prices exceeded the forecasts of analysts who had expected an increase of 0.3%, due to expensive energy carriers. Compared with July last year, producer prices rose by 4%, while experts had expected growth of 3.9%. Energy grew in price in July by 1.1% per month and by 10.7% in annual terms. Excluding energy, prices rose by only 0.1% compared to June and by 1.7% against the same month a year ago.
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 ...
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 ...
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 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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