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The euro declined against its most major rivals in the European session on Thursday, as European stocks fell on growing concerns that high inflation and tighter monetary policy could hurt global growth. The Fed’s resolve to raise rates percentage to control high inflation is fueling concerns about stagflation. Earnings reports from retailers showed that high […]
Dutch jobless rate decreased for the fourth successive month in April to remain its lowest level for nineteen years, data from the Central Bureau of Statistics showed on Thursday. The seasonally adjusted ILO jobless rate for the 15-75 year old age group, dropped to 3.2 percent in April from 3.3 percent in March. In the […]
The US dollar weakened against its most major counterparts in the European session on Tuesday, amid a rally in European shares as China’s financial hub Shanghai moved towards reopening and plans to gradually return to normality by late June. Deputy Mayor Zong Ming said that the authorities will implement steps to reopen Shanghai in stages, […]
France’s unemployment rate decreased unexpectedly in the first quarter, though marginally, data from the statistical office INSEE showed on Tuesday. The ILO jobless rate eased to 7.3 percent in the March quarter from 7.4 percent in the December quarter. Economists had forecast the rate to remain stable at 7.4 percent. The rate had dropped 0.6 […]
The Indian rupee recorded a mild recovery against the dollar through the Asian session on Tuesday after the USD / INR tapped a lifetime high. The goodish bounce came after the central bank intervened in the weakening currency status, and bond yields climbed higher amid an uptick in crude oil prices. At the time of […]
Eurozone industrial production declined at a slower-than-expected pace in March, data from Eurostat showed on Friday. Industrial output fell 1.8 percent month-on-month in March, reversing a 0.5 percent increase in February, which was revised down from a 0.7 percent rise estimated initially. Economists had forecast a 2.0 percent decline. Production in the capital goods sector […]
Romania’s industrial production declined in March due to a fall in manufacturing output, data from the National Institute of Statistics showed on Friday. Industrial production decreased a seasonally and working-day adjusted 0.7 percent month-on-month in March. Manufacturing output dropped 1.6 percent monthly in March. Meanwhile, production in mining and quarrying grew 1.2 percent and electricity […]
China’s bank lending declined in April as Covid lockdowns disrupted economic activity, data from the People’s Bank of China showed Friday. Banks extended CNY 645.4 billion in new yuan loans in April compared to the expected level of CNY 1.51 trillion and March’s lending of CNY 3.13 trillion. Aggregate financing totaled CNY 910.2 billion versus […]
The euro has stabilized on Friday, after a dreadful Thursday in which EUR / USD fell 1.26%. Russian announces sanctions The euro continues to struggle and is trading at lows last seen in January 2017. The Ukraine war has taken a bite out of the eurozone economy and sent the euro tumbling. The latest development […]
The pound weakened against its major counterparts during the European session on Thursday, as the UK economy expanded at a slower pace in the first quarter and hot US inflation data intensified concerns about aggressive interest rate hikes by the Federal Reserve. Data from the Office for National Statistics showed that gross domestic product advanced […]
