Columbus, OH

The regional Stoxx 600 resumed last week's decline in morning deals. The index was trading 0.57% lower at 11 a.m. in London. Headline inflation in the euro area dipped to 2.5% in June, the European Union's statistics agency announced. However, the closely-watched figures for core and services inflation remained stubbornly high, holding at 2.9% and 4.1%.

European markets lower as euro zone core inflation holds steady

Reuters

SINTRA, Portugal (Reuters) - The European Central Bank needs more time to conclude that inflation is firmly on a path to 2% and benign economic developments indicate that rate cuts are not urgent, ECB President Christine Lagarde said on Monday.

ECB not in a hurry to cut rates further, Lagarde says

Headline inflation in the euro area dipped to 2.5% in June, the European Union's statistics agency said Tuesday, in line with analyst expectations. Core inflation, excluding the volatile effects of energy, food, alcohol and tobacco, stayed at 2.9% from the prior month, narrowly missing the 2.8% analyst forecast. Headline inflation...

Euro zone inflation eases to 2.5% as core print misses estimate

(Reuters) - Euro zone inflation eased last month but a crucial services component remained stubbornly high, likely fuelling concern among some European Central Bank policymakers that domestic price pressures could stay at elevated levels.

Euro zone inflation eases a touch but services costs stuck

The Independent

 Inflation in the 20-nation eurozone crept lower to 2.5% in June, but remained stuck above the level favored by the European Central Bank, which is in no hurry to add more rate cuts after a first tentative reduction in its benchmark rate.The figure released Tuesday was down from 2.6% in May, welcome news as inflation continues to fall from its peak of 10.6% that robbed consumers of spending power and mired the European economy in months of near-zero growth. But key indicators Tuesday remained at levels that suggest inflation may remain stuck between 2% and 3% for a while...

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

Markets Insider

The booming jobs report and still-high inflation mean the Federal Reserve is likely to hold interest rates steady, even after the ECB's rate cuts.

The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts

BERLIN (Reuters) - Inflation fell in five important German states in June, preliminary data showed on Monday, suggesting that national inflation could decline this month. In Saxony, the inflation rate fell in June to 2.8% from 3.1% in the previous month, in Brandenburg it fell to 2.6% from 2.9%, in Baden-Wuerttemberg it fell to 1.9% from 2.1%, and in Hesse it fell to 1.8% from 1.9%.

Inflation down in five German states, pointing to national decline

Snopes

"Grocery prices have fallen, and wages are rising faster than prices," U.S. President Joe Biden said.

Fact Check: Core Inflation in US at Its Lowest Since April 2021?

Eric Rutkoske, Guggenheim global head of M&A, joins 'Money Movers' to discuss what's driving the jump in M&A in Europe, the mixed signals Rutkoske is seeing, and more.

Election outcomes in this cycle are more significant than past: Guggenheim's Eric Rutkoske

— This is the script of CNBC's news report for China's CCTV on June 27, 2024. In the United States, starting early last year, Novo Nordisk's weight-loss version of Semaglutide, marketed as Wegovy, along with other GLP-1 class weight-loss drugs, went viral on social media. These drugs, known for their appetite-suppressing effects, have sparked a wave of speculation on Wall Street, with analysts predicting potential shifts in consumer behavior that could impact the food and beverage industry.

CCTV Script 27/06/24

US stocks slumped on Wednesday, with major averages down as bond yields rose as Nvidia shares wavered and investors eyed fresh economic data. Nvidia shares slid as much as 1.2% in early-morning trading before paring losses, trading about 0.25% higher shortly after the opening bell. The chipmaker lost over $400...

Stock market news: US stocks slide and bond yields rise as traders eye new economic data

CNBC’s Rick Santelli joins ‘Squawk Box’ to break down May's personal consumption expenditures price index.

Key inflation gauge matches estimates

USDA loans allow eligible homebuyers to get zero-down-payment mortgages in rural areas. Because they're backed by the U.S. Department of Agriculture, these loans have lower rates and more flexible credit requirements than conventional mortgages. They also don't require private mortgage insurance, which can add more than 2% to your loan annually.

What is a USDA loan and am I eligible?

Traders in Asia assessed South Korea's inflation rate which came in at 2.4% for June, missing expectations of economists polled by Reuters who had predicted it at 2.7%. The Japanese yen weakened to as much as 161.67 against the dollar, staying at 38-year lows. Traders in Asia assessed South Korea's...

Asia-Pacific markets mostly fall as yen hovers at 38-year lows; South Korea inflation in focus

NEW YORK (Reuters) -Global stocks edged higher in choppy trading on Monday, while U.S. Treasury yields rose following France's historic elections and ahead of a string of economic data this week that could provide clues on the likelihood of Federal Reserve interest rate cut.

World stocks, US yields gain after French election results

Emotional intelligence is one of the most sought-after skills, and also among the hardest to learn. Research dating back decades has found that emotional intelligence — the ability to manage your own feelings and the feelings of those around you — is the strongest predictor of success in the workplace.

Harvard-trained neuroscientist: If you use any of these 3 phrases at work, you're more emotionally intelligent than most

It’s impossible to keep up with everything going on in financial markets and the economy these days. That’s where The 5, a new feature for Money & Markets Daily, comes in…. Let’s start your week off right by exploring the most significant trends and opportunities you need to...

The Fed’s “Inflation Gauge” Just Hit a 3-Year Low

The Guardian

Simon Roberts says consumer caution ‘not surprising given everything households have been through in the cost of living crisis’

Sainsbury’s boss says rate cuts needed to spur consumer spending; eurozone inflation dips to 2.5% – business live

SEOUL (Reuters) -South Korea's consumer inflation weakened to an 11-month low in June as supply-side pressures eased, official data showed on Tuesday, coming in below market expectations and providing some relief for policymakers. The consumer price index (CPI) rose 2.4% higher in June from a year earlier, slower than the...

South Korea inflation hits 11-month low as supply pressures ease

BRASILIA (Reuters) - A director of Brazil's central bank said on Monday that if fiscal policy is always expansionary, it puts a lot of pressure on the floating exchange rate or monetary policy, making disinflation more costly.

Brazil's central bank director says expansionary fiscal policy harms disinflation

NewsBreak

Coming months won't be easy for euro zone inflation, ECB's Luis de Guindos says

Luis de Guindos, vice-president of the European...

Coming months won't be easy for euro zone inflation, ECB's Luis de Guindos says

Comments / 0