Eurozone Inflation Eases Slightly In June

Economists surveyed by FactSet and Bloomberg had forecast that inflation would slow to 2.5 percent
Eurozone inflation cooled in June, official data showed Tuesday but experts say it will not be enough to convince the European Central Bank to accelerate its rate-cutting cycle despite sluggish economic growth.
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A man walks past food price signs on a street in Buenos Aires on June 13, 2024

Argentine Monthly Inflation Lowest In 2.5 Years

Monthly inflation in economically troubled Argentina came in at 4.2 percent in May, the lowest in two-and-a-half years, mainly due to a drop in consumption, the INDEC statistics agency said Thursday.
British Prime Minister Rishi Sunak's Conservatives trail in polls ahead of the election

UK Economy Stagnates Heading Into General Election

Britain's economy stagnated in April after emerging from recession in the first quarter of the year, official data showed Wednesday, dealing a setback to Prime Minister Rishi Sunak ahead of next month's general election.
The euro has come under pressure owing to political uncertainty after a strong showing by far-right parties in EU polls and the calling of a snap parliamentary vote in France

European Stocks, Euro Extend Losses On Political Turmoil

European equities and the euro extended a sell-off Tuesday, fuelled by EU political uncertainty, while Asian markets also took a hit as investors looked ahead to inflation data and an interest rate decision in the United States.
The euro fell after far-right parties won big in European Union polls and France's President Emmanuel Macron called a snap parliamentary election

European Stocks, Euro Drop On EU Vote Turmoil

Europe's stock markets and the euro slid Monday after far-right parties performed well in EU elections, prompting French President Emmanuel Macron to call a snap parliamentary poll and plunging the bloc into political turmoil.
Hong Kong stocks fell for a fourth successive day, having hit a nine-month high earlier in the week

Markets Sink After US Data Deal Blow To Rate Cut Hopes

Markets fell in Asia and Europe on Friday, tracking a sell-off on Wall Street sparked by a string of better-than-expected US data that added to worries the Federal Reserve will hold off on cutting interest rates this year.
Inflation in Japan excluding volatile fresh food prices slowed in April

Japan Inflation Slows To 2.2% In April

The pace of Japanese inflation slowed in April to 2.2 percent as gas bills fell, government data showed Friday, with the figure remaining above the Bank of Japan's two percent target.
News of sharply lower inflation sets the scene for this year's general election, as beleaguered British Prime Minister Rishi Sunak's Conservatives trail the main opposition Labour Party at opinion polls.

UK Inflation Slows To Near Three-year Low

Britain's annual inflation rate slowed to a near three-year low in April as energy prices cooled further, official data showed Wednesday, boosting the governing Conservatives before this year's general election.
Traders are keeping tabs on Tokyo after the yen hit a fresh 34-year low against the dollar

Asian Markets Mixed As Global Rally Stalls, Eyes On Yen

Equities were mixed Thursday as investors turned cautious after the past three days' sizeable gains, with Meta's warning that it will spend far more than expected this year fuelling worries that the latest tech-led rally may have gone too far.
The London stock exchange has in recent weeks been lifted by weakening of the pound

London Stock Market Hits Record High

London's FTSE 100 stocks index hit record highs Tuesday, catching up with major global peers which have struck all-time peaks this year as inflation cools.