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Eurozone Inflation Steadies At 5.3%; Unemployment Rate At Record Low

Eurozone Inflation Steadies At 5.3%; Unemployment Rate At Record Low

Eurozone inflation ceased slowed in August on energy prices but underlying inflation eased due to the slowdown in goods and services price growth, flash data from Eurostat showed on Thursday. The unemployment rate in the currency bloc held steady at a record low in July suggesting that wage growth is set to remain strong, another data from Eurostat revealed today.
RTTNews | 714 дней спустя
ECB's Schnabel Sees Significant Uncertainty Around Eurozone Inflation Outlook

ECB's Schnabel Sees Significant Uncertainty Around Eurozone Inflation Outlook

Eurozone medium term inflation outlook is characterized by an exceptionally large degree of uncertainty that could increase due to the adverse supply shocks and climate-related risks, and hence, policymakers cannot predict a peak rate or the duration of the tightening phase as they embrace the data-dependent approach for each policy rate-setting session, ECB rate-setter Isabel Schnabel said.
RTTNews | 714 дней спустя
UBS Q2 Profit Soars, To Integrate Credit Suisse Swiss Unit; Stock Up

UBS Q2 Profit Soars, To Integrate Credit Suisse Swiss Unit; Stock Up

Shares of UBS Group AG were gaining around 6 percent in the morning trading in Switzerland as well as 5 percent in pre-market activity on the NYSE after the banking major reported Thursday significantly higher profit in its second quarter primarily reflecting a $29 billion negative goodwill on the acquisition of Credit Suisse Group, as well as higher revenues.
RTTNews | 714 дней спустя
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UK Car Production Surges 31.6% On Strong Export Demand: SMMT

UK Car Production Surges 31.6% On Strong Export Demand: SMMT

UK car production rose for the sixth successive month in July amid strong demand from the foreign market and a recent recovery in the global supply chain, data from the Society of Motor Manufacturers and Traders, or SMMT, showed Thursday. Car production grew 31.6 percent year-on-year to 76,451 units in July. The export market logged double-digit growth of 36.1 percent to 63,264 units in July.
RTTNews | 714 дней спустя
French Inflation Rises On Energy Prices; GDP Growth Confirmed

French Inflation Rises On Energy Prices; GDP Growth Confirmed

France's inflation accelerated in August, driven by energy prices, after slowing for three straight months, official data showed on Thursday. Consumer price inflation rose to a three-month high of 4.8 percent in August from 4.3 percent in July, the statistical office INSEE reported. The rate was also above economists' forecast of 4.6 percent.
RTTNews | 714 дней спустя
FTSE 100 Little Changed On Weak China Data

FTSE 100 Little Changed On Weak China Data

U.K. stocks were little changed on Thursday after data showed China's factory activity contracted for a fifth straight month in August, adding pressure on policymakers to roll out more stimulus measures.
RTTNews | 714 дней спустя
DAX Climbs On Fed Pause Bets

DAX Climbs On Fed Pause Bets

German stocks advanced on Thursday as another round of soft U.S. economic data cemented bets the Federal Reserve is done with raising rates.
RTTNews | 714 дней спустя

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