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Top StoriesCzech Finance Ministry Proposes 2024 State Budget With $11.3 Billion Deficit
Top StoriesUK Statistics Office Revises up Strength of post-COVID Bounce Back
Top StoriesFactory Slump and Cost-Of-Living Squeeze Puts UK Economy on Course to Shrink
Top StoriesEuro Falls on Gloomy PMI Data, Dollar Hits 2-month High
Global Equities Rise as Traders Await Fed Meeting, Eye Earnings
Date: August 21, 2023
Global equities rise as traders await Fed meeting, eye earnings By Chris Prentice and Yoruk Bahceli NEW YORK (Reuters) -Global equities rose and U.S. treasury yields touched a more than 12-year high on Monday as investors awaited a Federal Reserve meeting later this week. Crude futures climbed on fewer exports from Saudi Arabia and high...
Euro Zone Inflation Fall Confirmed, Easing Pressure on ECB to Hike
Date: August 18, 2023
Euro zone inflation fall confirmed, easing pressure on ECB to hike FRANKFURT (Reuters) – Euro zone inflation slower further and even underlying price pressures appear to have peaked, Eurostat data showed on Friday, easing pressure on the European Central Bank to keep raising rates after its fastest rate-hike cycle on record. The ECB has lifted...
Mild Recession Ends Dutch Economy’s Strong post-COVID Boom
Date: August 17, 2023
Mild recession ends Dutch economy’s strong post-COVID boom AMSTERDAM (Reuters) -Economic growth in the Netherlands will be much slower than earlier expected this year, as a recession in the first half of 2023 ended a strong post-COVID 19 boom, government policy adviser CPB said on Thursday. Growth is set to drop to 0.7% in 2023...
Industrial Output Jump Gives Euro Zone Growth Small Boost
Date: August 16, 2023
Industrial output jump gives euro zone growth small boost FRANKFURT (Reuters) – The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on a positive note, data from Eurostat showed on Wednesday. Industrial production in the 20 nations sharing the euro expanded by 0.5%...
Marketmind: Stock Markets Tense as China Gloom Builds
Date: August 16, 2023
Marketmind: Stock markets tense as China gloom builds A look at the day ahead in European and global markets from Brigid Riley China’s new home prices fell in June for the first time this year, adding to an alarming picture of the world’s second largest economy from a sector that has become a persistent source...
Oil Drops About 2% on Worries About Chinese Economy
Date: August 15, 2023
Oil drops about 2% on worries about Chinese economy By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell about 2% on Tuesday on sluggish Chinese economic data coupled with fears that Beijing’s unexpected cut in key policy rates was not sufficiently substantial to rejuvenate the country’s sputtering post-pandemic recovery. Brent crude futures fell $1.60,...