PARIS (Reuters) – France’s dominant services sector contracted more than first estimated in August as another fall in new orders weighed on business in the euro zone’s second-biggest economy, a survey showed on Tuesday. The HCOB France final purchasing managers index (PMI) for the services sector, compiled by S&P Global, fell to 46.0 points – …
French services sector shrinks more than first thought in Aug -PMI Read More »
ROME (Reuters) – The Italian services sector contracted very slightly in August – the first time it has done so this year – signalling the possible start of a recession in a key segment of the euro zone’s third-largest economy, a survey showed on Tuesday. The HCOB Purchasing Managers’ Index (PMI) for Italian services came …
Italy’s service sector contracts in August for first time in 2023 -PMI Read More »
(Reuters) – European Central Bank Chief Economist Philip Lane expressed cautious optimism that inflation was slowing in an interview with an Irish business publication, but said a lot more data was needed before he would be comfortable declaring victory. Having raised rates at each of its past nine meetings, the ECB is now debating whether …
ECB chief economist says easing inflation welcome but must continue -report Read More »
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel left interest rates unchanged on Monday citing signs inflation is easing, but its decision was overshadowed by a report – denied by the central bank – that its governor was set to announce he would not seek a second term. As expected, policymakers …
Bank of Israel holds interest rates, eyes turn to possible end of governor’s tenure Read More »
PARIS (Reuters) -The charity Restos du Coeur, famous in France for its soup kitchens and food parcels, has warned that steep inflation will hamper its aid efforts and urged the government to do more. Food inflation is a hot topic in France, where, though easing for the fifth consecutive month from a peak earlier this …
French food bank says government must do more to tackle inflation Read More »
LONDON (Reuters) – Higher-than-expected inflation data for August published on Monday prompted JPMorgan to revise its year-end inflation forecast to 65% from 62% with the annual rate now expected to peak at 73% in May 2024, according to the Wall Street bank. The bank also said it saw upside risks to its year-end policy rate …
JPMorgan ups Turkey inflation, interest rate forecasts Read More »
By Ebru Tuncay and Can Sezer ISTANBUL (Reuters) – Turkish depositors mostly converted funds back to dollars last month when they withdrew from state depreciation-protected accounts, according to initial data and senior bankers, as Ankara begins winding down the scheme in a broad policy U-turn. Since President Tayyip Erdogan won re-election in May, authorities have …
Most Turkey depositors returned to forex after leaving lira scheme Read More »
By Yoruk Bahceli BRUSSELS (Reuters) – Belgium has raised a record 21.9 billion euros ($23.65 bln) from savers in a bond sale designed to compete with bank deposits, a sign of growing popularity for government debt as discontent grows with lenders failing to keep up with surging interest rates. The sale, launched on Aug. 24, …
By Divya Chowdhury MUMBAI (Reuters) -The Bank of Japan (BOJ) will be able to gradually shift away from its easy monetary policy only after ensuring its 2% inflation goal has been sustainably achieved, former board member Goushi Kataoka said on Monday. Kataoka expected the Spring 2024 wage negotiations to be key for the BOJ’s inflation …
(Reuters) – The number of people registering as jobless in Spain rose by 0.93% in August from a month earlier, or by 24,826, leaving a total of 2.70 million people out of work, data from the Labour Ministry showed on Monday. The total number of jobless people in August is the lowest since 2008. Spain …
Spain’s August jobless rises 0.93% from July to 2.70 million Read More »
