966 days ago
Consumer prices in the U.S. increased at a more modest pace in July, but not enough to provide significant relief from the cost hikes that have been dragging on sentiment and fueling policy debate. The so-called core CPI increased 0.3% from the previous month and 4.3% from July 2020, excluding the volatile food and energy components. Source: Bloomberg
966 days ago
UK gross domestic product grew by 4.8 percent on quarter in April to June 2021, recovering from a 1.6 percent contraction in the previous three-month period, as activity and demand rebounded following the easing of coronavirus restrictions. Household consumption jumped 7.3 percent (vs -4.6 percent in Q1) and public spending advanced 6.1 percent (vs 1.5 percent in Q1). Source: Trading Economics
968 days ago
Brent crude futures traded higher near $70 a barrel on Tuesday, attempting a rebound from a 3-week low of $67.6 touched in the previous session as investors continue to assess the restrictions imposed on mobility amid the spread of the Delta coronavirus variant across Asia and the US. Traders now look forward to weekly inventory reports by the API later in the day and by the EIA on Wednesday. In the US, crude, gasoline, and other product inventories are likely to have dropped last week, with gasoline stocks forecast to fall for a fourth consecutive period. Crude oil inventories are expected to have fallen by about 1.1 barrels in the week to August 6th. Source: Trading Economics
969 days ago
The Swiss unemployment rate stood at a non-seasonally adjusted 2.8% in July 2021, unchanged from June's 16-month low figure, matching market consensus. The number of unemployed people fell by 2.7%. Source: State Secretariat for Economic Affairs
972 days ago
The way the European recovery is breaking down by sector
