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BERLIN (Reuters) – German industrial production grew in September, official data showed on Monday, despite a fall in the energy-intensive industrial branches and ongoing delivery bottlenecks. Industrial output was up 0.6% on the previous month, the Federal Statistical Office said. In a Reuters poll, analysts had pointed to a 0.2% increase. By contrast, production in …

German industrial output grows more than expected in September Read More »

A look at the day ahead in European and global markets from Anshuman Daga China is retaining its strict coronavirus curbs, COVID-19 cases are at a 6-month high and Apple warned of a hit to iPhone shipments, but Asian equities are still chugging along. In Europe, investors will focus on a meeting of euro zone …

Marketmind: Markets defy COVID blues Read More »

By Gergely Szakacs and Anna Wlodarczak-Semczuk BUDAPEST/WARSAW (Reuters) – While inflation in western Europe is largely expected to be tamed within a year, there is a growing sense that in central Europe runaway prices will be around for much longer. Central and eastern Europe have for months been at the forefront of the inflation battle, …

Analysis-Runaway prices have central Europe on the ropes Read More »

FRANKFURT (Reuters) – The European Central Bank must not stop raising interest rates until underlying inflation has clearly peaked, but it may slow the pace of hikes once rates hit a level that starts to restrict growth, France’s central bank chief told the Irish Times. The ECB has increased rates by a combined 200 basis …

ECB must not stop rate hikes before core inflation peak, Villeroy says Read More »

BANGKOK (Reuters) – Thailand’s headline consumer price index (CPI) rose 5.98% in October from a year earlier, official data showed on Monday, slightly lower than forecast and the slowest pace in six months. The rise follows September’s 6.41% increase and was just shy of the 6.0% forecast in a Reuters poll. It was the lowest …

Thai headline CPI rises 5.98% y/y in Oct, slightly below forecast Read More »

By Steve Scherer and Julie Gordon OTTAWA (Reuters) – Canada’s plan to spend an extra C$6.1 billion ($4.5 billion) in the next five months may undermine the central bank’s effort to curb inflation, despite Finance Minister Chrystia Freeland’s vow not to make the job of monetary policy harder, analysts said. Although the spending package unveiled …

Canada’s government tosses fiscal hot potato to central bank, analysts say Read More »

By Gabriel Araujo SAO PAULO (Reuters) – In South America, home to the some of the world’s starriest soccer players from Argentina’s Lionel Messi to Brazil’s Neymar, avid fans are starting to get jitters about their countries’ World Cup chances – and the rising cost of supporting them. The region of about 650 million people …

South American fans bite their nails over World Cup chances – and inflation Read More »

CARACAS (Reuters) – Venezuela’s monthly inflation in October hit 6.2%, a sharp slowdown from September when prices rose 28.7%, according to data released on Friday by the country’s central bank. President Nicolas Maduro’s government has tapped the brakes on inflation with orthodox economic policies aimed at exchange-rate stabilization, reduced public spending and tax hikes. Year-on-year …

Venezuela’s monthly inflation slows to 6.2% in October Read More »

(Reuters) – Ratings agency S&P on Friday raised Qatar’s long-term sovereign credit rating to “AA” from “AA-“, citing improvements in the government’s fiscal position. “Qatar’s debt interest costs as a share of government revenue have fallen, and we expect them to remain low because the government is repaying maturing debt,” the agency said in a …

S&P upgrades Qatar’s credit rating on shrinking debt burden Read More »

By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine central bank said on Friday it was ready to take all further monetary policy actions needed to bring inflation back within target, after data showed the headline rate reaching its fastest pace in nearly 14 years in October. The consumer price index …

Philippine central bank ready to take further action as inflation near 14-yr high Read More »