Source: Eurostat Industrial production rebounded in the European Union in July, as well as in the Euro area which saw growth after two consecutive months in negative territory. VGK is up 0.29% premarket. Seasonally adjusted industrial production in the Euro area climbed 1.5% in July, up from -0.1% in June. Year-on-year production is up 7.7%.Monthly production of … [Read more...] about Eurozone, EU Industrial Production Rebound in July
Forex News
UK Inflation Accelerates to Nine-Year High in August
Source: Office for National Statistics Inflation in the United Kingdom accelerated by a record-high in August, bringing the latest reading to the fastest in nine years. The Consumer Price Index (CPI) climbed by 3.2% in July, the fastest in nine years since the 3.5 print recorded in March 2012.The latest reading is 1.2 percentage points higher than the 2.0% in July, the … [Read more...] about UK Inflation Accelerates to Nine-Year High in August
Labor Costs Fall by 0.1% in the Euro Area in Q2 as the EU Region Eases Gains
Source: Eurostat Hourly labor costs fell slightly by 0.1% in the euro area in the second quarter of 2021 from the prior year, compared to a gain of 0.6% in the EU. DAX is down -0.12%, EURUSD is up +0.15%. Fig: Hourly Labor Costs in the Euro Area and EU Both the euro area and EU had a fall in labor costs from the first quarter of this year where it increased by 1.3% … [Read more...] about Labor Costs Fall by 0.1% in the Euro Area in Q2 as the EU Region Eases Gains
EURUSD Outlook Ahead of Eurozone Inflation Data
The EURUSD is in a consolidation mode as investors reflect on the American consumer inflation data and the potential for Federal Reserve tapering in the coming meeting. The pair is trading at 1.1810, which is slightly below this week’s high of 1.1845. American inflation easing The biggest catalyst for the EURUSD this week was the American inflation numbers that were … [Read more...] about EURUSD Outlook Ahead of Eurozone Inflation Data
China’s New Home Prices Rose at the Slowest Rate in 8 Months on Tightening Measures
Source: Reuters. China’s new home prices increased at their slowest rate in months in August as authorities enhanced control in the property market and cooling measures were expected to limit growth in home prices. CSI 300 Index down -1.01%, CNY USD up +0.10% The average new home prices in 70 major cities increased by 0.2% last month after increasing 0.3% in July.New home … [Read more...] about China’s New Home Prices Rose at the Slowest Rate in 8 Months on Tightening Measures
