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In June, German inflation surged, as Thursday’s regional data suggested. The report pointed to a sturdy upswing in the German economy, driving price pressures as euro zone inflation gets closer to the ECB’s objective.
The data arose just days after ECB head Mario Draghi suggested that the bank's asset-purchase program would turn to be less accommodative in 2018 because regional surge pace as well as inflation trends get back, following a period of descending prices.
In another sign of ascending price pressures in the 19-member trading bloc, in Spain consumer prices inched up more than expected in June, as preliminary figures disclosed on Thursday.
In June annual inflation inched up to 1.9%in June from 1.7% in May in the German state of Hesse, as the data revealed. It also gained in Brandenburg, Saxony and Baden-Wuerttemberg. Meanwhile, it stood still in Bavaria and North Rhine-Westphalia.
A Reuters survey, conducted before the publication of the regional data stated that EU-harmonized consumer price inflation went down to 1.3% in June from May’s outcome of 1.4%.
In June, German business confidence slipped to its lowest value for more than a year, thus dropping a hint that the mood among company executives in the EU’s number one economy is worsening as the world is getting closer to a full-fledged trade conflict…
The Australian corporate regulator might require playing a greater role in regulating agricultural finance considering the absence of redress options for borrowers, as it shifted its attention to Australia’s $50 billion farm sector…
In June, American private sector activity speeded down, as follows from survey data uncovered on Friday…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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