French quarterly surge is expected to strengthen in the first half of 2019 because consumer spending derives benefits from improving household incomes as well as reviving business confidence after protests at the end of 2018…
ECB slow tapering is underpinned by soft German inflation
In October, German annual inflation slowed and stood below the ECB’s objective, as data disclosed on Monday, giving support to the bank's initiative to slowly withdraw monetary stimulus.
Consumer prices, stabilized compared to other European countries, rallied by 1.5% on the year after September’s lift of 1.8%, as the Federal Statistics Office informed. Prices slumped by 0.1% on the month.
Both figures managed to undershoot expectations. As a matter of fact, a Reuters survey had pointed to a jump of 1.7% on the year as well as an ascend of 0.1% on the month.
The previous week the ECB told that it would have its bond purchases reduced in half from January, although decided to extend the program until the end of September, pledged to bring years of stimulus and also welcomed backtracking, pointing to muted price pressures.
As a breakdown of non-harmonized German data unveiled, only food inflation had edged up from September.
In January, new orders for American goods shot up less than anticipated, tamed by dives in orders for computers as well as electronic products, which is another sign of decelerating manufacturing activity…
The Federal open market committee (FOMC) will make its monetary policy statement and announce the interest rate on March 20, 20:00 MT time.
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…