FRANKFURT (Reuters) – German inflation is proving stubborn, driven by a continued strong rise in wages, the Bundesbank said on Friday, a day after the European Central Bank cut interest rates on improving price growth prospects. Inflation has come down from double-digit territory in late 2022 but the “last mile” of disinflation is starting to …
Bundesbank warns about stubborn inflation, wage pressures Read More »
(Reuters) – German industrial production fell by 0.1% in April compared to the previous month, hampered by a weakening in the construction sector, the Federal Statistics Office said on Friday. Analysts polled by Reuters had predicted a 0.3% rise. Construction output fell by 2.1%, while the automotive industry grew by 4.2% month-on-month. In the less …
German industrial output falls unexpectedly in April Read More »
(Reuters) – German exports rose by 1.6% in April compared with the previous month, the second straight month of gains, data from the federal statistics office showed on Friday. The result compared with a forecast 1.1% increase in a Reuters poll. The monthly gains were driven by exports to China, up 0.8% to 8.4 billion …
By Mike Dolan LONDON (Reuters) – This week’s milestone G7 interest rate cuts dispel any notion that hitting 2% inflation targets spot on is a precondition for central bank moves or indeed sensible – and may guide thinking on the Federal Reserve and Bank of England too. The European Central Bank and the Bank of …
Column-The wiggle room around 2% inflation targets :Mike Dolan Read More »
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, keeping its word despite an increasingly uncertain inflation outlook. The ECB had all but promised a rate cut after seeing inflation fall from 10% in 2022 to just over its 2% …
ECB delivers on rate cut pledge despite inflation worries Read More »
BUENOS AIRES (Reuters) -Port worker unions in Argentina cut short a planned strike in grains shipping ports in the Rosario region following government-ordered talks, a union head said on Thursday, in welcome news for the country’s farm exports. The area north of the city of Rosario along the Parana River is Argentina’s main agricultural exports …
Port strike suspended at Argentine grains hub, ensuring flow of goods Read More »
By Yoruk Bahceli and Naomi Rovnick LONDON (Reuters) – Traders scaled back bets that the ECB would cut interest rates twice more this year, and outpace peers in easing policy, after the euro zone central bank gave little hint on Thursday of further moves. The European Central Bank lowered its key rate by 25 basis …
Analysis-Traders question case for rapid ECB rate cuts Read More »
(Reuters) -The number of Americans filing new claims for unemployment benefits increased last week and unit labor costs rose by less than previously thought in the first quarter, indicating the labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates. Initial claims for state unemployment benefits rose …
US weekly jobless claims edge higher, Q1 labor costs revised lower Read More »
ST PETERSBURG (Reuters) – Despite Western sanctions, Russia must be integrated in the global economy with countries that are prepared to work with it, central bank Governor Elvira Nabiullina said at Russia’s flagship annual economic forum in St Petersburg on Thursday. The event once drew top Western bankers and company executives, but the main foreign …
Russian central bank urges global integration despite sanctions Read More »
By Leika Kihara (Reuters) – Bank of Japan (BOJ) Governor Kazuo Ueda said on Thursday it would be appropriate to reduce the central bank’s bond buying as it moves toward an exit from massive monetary stimulus. In March, the BOJ made a landmark shift away from its radical monetary stimulus by ending eight years of …
BOJ’s Ueda reaffirms resolve to trim bond buying as bank eyes policy exit Read More »
