The annual rate of inflation went from 7.5% in July to 7.9% in August. The euro remains among the best performing currencies. The preliminary inflation report for August Germany indicated that the annual rate of inflation rose from 7.5% in July to 7.9% in Augustabove the 7.8% market consensus. This implies a new rise after […]
Tag: Inflation
Spain: Estimated annual inflation remains above 10% for the third consecutive month in August
The Spanish Consumer Price Index (CPI) has been reduced by 4 tenths in the preliminary reading for August, standing at the 10.4% after hitting a 38-year high of 10.8% in July. The indicator has improved market expectations, whose consensus placed the result at 10.9%. Despite the improvement, this is the third consecutive month with inflation […]
Goldman Sachs: Impressive performances in Greece, Portugal and Spain limit recession in Eurozone that has already begun
Her Eleftherias Kourtalis The ongoing energy crisis has further weakened growth prospects across Europe, with Goldman Sachs now expecting a recession in the Eurozone, which it estimates has already started in the current third quarter and will continue into the fourth quarter. However, the North-South development gap is huge, as he emphasizes, with resilience and […]
Goldman Sachs: Impressive performances in Greece, Portugal and Spain limit the recession in the Eurozone
Her Eleftherias Kourtalis The ongoing energy crisis has further weakened growth prospects across Europe, with Goldman Sachs now expecting a recession in the Eurozone, which it estimates has already started in the current third quarter and will continue into the fourth quarter. However, the North-South development gap is huge, as he emphasizes, with resilience and […]
Spanish inflation is slowing but the slowdown is not expected to last
Spanish inflation eased for the first time in four months, although rising energy prices as Russia cuts supplies ahead of winter mean the respite is likely to be short-lived, according to Bloomberg. EU-harmonised consumer prices rose 10.3% from a year earlier in August, slowing from July’s record rise of 10.7%, Spain’s statistics agency said on […]
EUR/USD will fall to 0.90 this winter – Nomura
The Nomura economists expect EUR/USD to extend its decline until the end of the year. The pair is forecast to trade at 0.90 this winter. Inflation will continue to rise to multi-decade highs before peaking “We expect a further rise in euro area inflation in August, but we expect the rise to be less sharp […]
El Erian: Powell sent the right message but repeated the mistakes of the past
Federal Reserve Bank President Jay Paul sent the right message from Jackson Hole to markets about the bank’s determination to curb inflation, but he failed to avoid past policy mistakes in his speech, according to renowned economist Mohamed El They were. “He finally sent the right message. He should have done it months ago,” Allianz’s […]
The Turkish lira is ‘tumbling’ towards an absolute low
Another Monday has come, another week begins with losses for the Turkish lira on Monday, nearing a record low after the Federal Reserve said interest rates in the United States could rise for some time. Higher US and European interest rates are reducing the attractiveness of emerging market assets such as Turkish bonds. The Fed’s […]
Piraeus Bank: New rise in the prices of agricultural products
Agricultural prices rose across the board, with cotton, corn, orange juice and soybeans leading the way, with demand strengthening despite a stronger dollar and concerns about a slowdown in global growth, the Bank said. Piraeus in the 8th Agricultural Products Price Bulletin for 2022. At the same time, according to the bank, the continuation of […]
BlackRock: Fed ‘must go on vacation’ after 2022 rate hikes
The Federal Reserve’s rate hikes in 2022 to fight inflation are likely enough to put its officials on hold, limiting the risk of too much tightening damaging the U.S. economy, BlackRock said. This position was expressed in a note by Rick Reeder, head of fixed income investments at the world’s largest asset manager. The Fed […]