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U.S. Consumer Price Growth Slows Dramatically In May, Personal Income Climbs 0.4%

A report released by the Commerce Department showed a dramatic slowdown in the annual rate of U.S. consumer price growth in the month of May. The report said the annual rate of consumer price growth slowed to 3.8 percent in May from 4.3 percent in April. The slowdown surprised economists, who had expected growth to accelerate to 4.6 percent.
RTTNews | 790 ngày trước
Eurozone Inflation Weakest Since Early 2022, Jobless Rate At Historic Low

Eurozone Inflation Weakest Since Early 2022, Jobless Rate At Historic Low

Eurozone inflation slowed to the lowest level in more than a year in June on falling energy prices but core inflation ticked up, raising the need for further tightening to get a grip on inflationary pressures. Separate data showed that the unemployment rate in the 20-nation currency bloc remained at a historic low in May, which in turn sparks inflation concerns.
RTTNews | 790 ngày trước
Sensex, Nifty End At Record Highs

Sensex, Nifty End At Record Highs

Indian shares rallied on Friday, with robust foreign fund inflows and the advance of southwest monsoon into remaining parts of the country boosting sentiment.
RTTNews | 790 ngày trước
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UK GDP Growth Confirmed At 0.1%

UK GDP Growth Confirmed At 0.1%

The UK economy expanded modestly in the first quarter, as initially estimated, underpinned by services and production, revised data from the Office for National Statistics showed on Friday. Gross domestic product registered a sequential growth of 0.1 percent in the first quarter.
RTTNews | 791 ngày trước
European Shares Rise As Inflation Falls More Than Expected

European Shares Rise As Inflation Falls More Than Expected

European shares traded higher on Friday, as positive inflation and labor market data helped ease concerns around economic recovery and interest-rate hikes. Hopes of more policy stimulus from China also boosted sentiment.
RTTNews | 791 ngày trước
FTSE 100 Gains Led By Commodity Stocks

FTSE 100 Gains Led By Commodity Stocks

U.K. stocks rose on Friday as weak manufacturing and non-manufacturing data from China raised bets of more stimulus measures.
RTTNews | 791 ngày trước
CAC 40 Gains After Inflation Data

CAC 40 Gains After Inflation Data

French stocks traded higher on Friday, with positive results from the U.S. Federal Reserve's annual stress tests and an upward revision to growth in the U.S. economy boosting sentiment.
RTTNews | 791 ngày trước
DAX Edges Higher On China Stimulus Hopes

DAX Edges Higher On China Stimulus Hopes

German stocks advanced on Friday and Eurozone bond yields ticked higher as investors awaited the latest Eurozone inflation data due later in the day for more clues on the direction of interest rates.
RTTNews | 791 ngày trước
Asian Shares Rise Despite Weak China Data

Asian Shares Rise Despite Weak China Data

Asian stocks ended mostly higher on Friday despite weak China data and expectations that the Federal Reserve will likely keep interest rates higher for longer to bring the inflation rate down to the 2 percent target.
RTTNews | 791 ngày trước

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