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In January, producer prices in the eurozone showed an increase of 0.4% compared to December, Eurostat reported. According to experts, growth was expected at the level of 0.3%. Compared with the same month of the previous year, the figure rose by 3%, while economists had predicted a 2.9% rise. Over the month, energy prices went up by 0.4%, while in December their value dropped by 2.7%. Intermediate and capital goods also showed an increase in rices over the first month of the year. In the first category of goods, an increase of 0.3% was recorded, in the second one - by 0.6%. Statistics also showed an acceleration in consumer inflation in February to 1.5% from 1.4% a month earlier. The inflation rate, which does not take into account energy, was 1.2%.
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 ...
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
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, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
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 ...
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