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French Inflation Slows More Than Expected to Weakest in Year
French inflation eased more than anticipated, reaching its lowest level in a year in a boost to those at the European Central Bank who say interest-rate increases can soon end. The measure of annual consumer-price changes in the euro zone’s second-largest economy softened to 6% in May from 6.9% in April, data Wednesday showed. That’s a sharper slowdown than the 6.4% gain economists surveyed by Bloomberg had estimated. The result came thanks to a softening of price gains across sectors, particularly in energy. Manufactured goods and services inflation, which are keenly watched by ECB officials, also moderated to ... (full story)
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Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 17 individuals and entities involved in the international proliferation of ...
In April 2023, household consumption expenditures in goods diminished by 1.0% over a month in volume* after a 0.8% decrease in March 2023 – revised data. This fall is explained by ...
Over a year, the Consumer Price Index (CPI) should rise by 5.1% in May 2023, after +5.9% in the previous month, according to the provisional estimate made at the end of the month. ...
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post at 4:00am: ECB SAYS EURO AREA HOME PRICES COULD SEE 'DISORDERLY FALL': FSR ECB SAYS FINANCIAL STABILITY OUTLOOK REMAINS FRAGILE: FSR post at 4:00am: ECB: VULNERABILITIES OF FINANCIAL SYSTEM REVEALED BY RATE HIKES.Financial Stability Review, May 2023 This spring saw considerable financial turbulence, with the spotlight increasingly turning on systemic risk concerns following a series of bank failures outside the euro area. While the fallout experienced by euro area banks was limited, these events have served as a powerful reminder of the importance of ensuring that banking system fundamentals are sound, in an environment where financial conditions are being tightened to tackle elevated inflation around the world. Price stability remains as crucial as ever for durably preserving financial stability. Tighter financing conditions to forcefully address high inflation havFinancial stability outlook remains fragile, ECB review finds According to the May 2023 Financial Stability Review published today by the European Central Bank (ECB), the outlook for euro area financial stability remains fragile, in the context of recent banking stress outside the currency union. While economic conditions have improved slightly, uncertain growth prospects paired with persistent inflation and tightening financing conditions continue to weigh on the balance sheets of firms, households and governments. Furthermore, an unexpected deterioration in economic conditions or financial tightening could lead to disorderly price adjustments in either or both financial and real estate markets. “Price stability is crucial for durable financial stability,” said ECB Vic
post at 4:36am: ECB'S VISCO: NOW THAT KEY RATES ARE AT RESTRICTIVE LEVELS WE MUST PROCEED WITH THE RIGHT DEGREE OF GRADUALITY #News #Markets #ECB #capitalhungry post at 4:36am: BANK OF ITALY'S VISCO: REDUCING PUBLIC DEBT AS ITS COST GRADUALLY INCREASES REMAINS A PRIORITY #News #Markets #DEBT #ITALY #capitalhungryThe Governor’s Concluding Remarks The effects of the conflict in Ukraine on the euro-area economy have been amplified by the marked dependence of many Member States on energy imports, especially natural gas. The rises in their prices, together with those of agricultural products, also mainly caused by the war, have affected households’ purchasing power, above all of the less well-off, and firms’ production costs. Yet if we look at 2022 as a whole, aggregate demand, production and employment continued in the recovery that began when the most acute phase of the pandemic emergency was over and that was supported by the considerable resources allocated by national governments and by the European Union. Since last autumn, however, economic activity has stagnated overall. Consumer price inflation has risen to 8.4 per cent on average over the year, reaching a peak of 10.6 per cent in the twelve months up to October (Figure 5). The increases in commodity prices have gradually passed through to the prices of other goods and services. More than three quarters of the growth in the overall consumer price index seems to be directly or indirectly attributable to the higher prices of energy and of food products. The delays in adapting the global supply of intermediate goo
Asian equity markets are down this morning possibly reflecting disappointing China PMI data. In a sign that the post-restrictions rebound is petering out, the manufacturing index ...
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- Posted: May 31, 2023 4:04am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 699