inflation
Getting this high should be illegal. Parody of Afroman's "Because I Got High" written by Remy; performed by Remy; mastering by Ben Karlstrom. LYRICS: I was gonna buy some dronesBut it'll go highI was gonna forgive all these loansSir, it'll go highYou can't print trillions at will—don't you know why?Why man? Yeah yeahBecause it got highBecause it got highBecause it got high See back before we printed cashIt was not highIt can be not high?Back when dollars were backed by these stacksIt was not highI'm not followingThe dollar's lost this much since then—do you know why?Why man? Yeah yeahBecause i...
Reason
The Italian Consumer Price Index (CPI) remained unchanged at 0.8% in June compared to the same month a year earlier, according to the preliminary report from the Italian National Institute of Statistics (Istat) released on Friday. On a monthly basis, the CPI increased by 0.1%. Factors contributing to CPI stabilisation The stabilisation of inflation in Italy was primarily driven by unprocessed food, services related to recreation, including repair and personal care, and durable goods. These categories helped offset the price increases seen in non-regulated energy products, regulated energy prod...
Invezz
Gold may not seem like the most exciting investment these days, but the precious metal could still deserve a place in your portfolio during these turbulent times, according to gold investor and analyst Simon Popple, the CEO of Brookville Capital. Gold is usually seen as an inflation hedge. This is because as inflation eats away at your Euros, the price of every ounce of gold also rises simultaneously in Euro terms, leaving you with a more valuable asset. In the past few months, several countries across the world have experienced high inflation, soaring interest rates and a rising cost of livin...
Euronews (English)
The year-on-year Belgian inflation report for June was released on Thursday morning, coming in at 3.74%, up from 3.36% in May, according to Statistics Belgium. This was also the highest figure recorded in 10 months. The spike in inflation was primarily because of energy utilities and housing prices increasing to 10.85% in June from 7.84% in May. Restaurants and hotels’ prices also inched up to 4.83% in June from 4.09% in the previous month, whereas communication prices rose to 2.6% from 1.45% in May. However, food and non-alcoholic beverage prices grew at a much slower pace, at 0.1%, down from...
Euronews (English)
The US dollar index (DXY) continued rebounding this week as the focus shifted to the upcoming US GDP and inflation report. It rose to $106.11 on Thursday, its highest swing since May 1st. It has jumped by more than 1.85% from its lowest swing this month. US PCE data aheadThe US dollar index has continued rising as it emerged that the Fed will be one of the last major central banks to start cutting interest rates. The European Central Bank (ECB) slashed rates by 0.25% in its recent meeting in June. Similarly, the Bank of Canada (BoC) and Swiss National Bank (SNB) cut rates by 0.25% as inflation...
Invezz
The German GfK Consumer Climate Indicator for July was released on Wednesday morning. It came in at -21.8, a sharp drop from June’s -21.0, according to data published jointly by the GfK Group and the Nuremberg Institute for Market Decisions (NIM). This was also significantly below analyst expectations of -18.9, and is the first fall in five months. Income expectations for July were considerably lower at 8.2, versus 12.5 in June, with economic prospects also plunging to 2.5 from 9.8. This was quite a reversal from the last four months, when both these indicators had been on the increase. Consum...
Euronews (English)
S&P Global released its Eurozone economic outlook for Q3 2024 on Monday morning, highlighting that growth in the Eurozone has returned mainly due to a fall in energy and commodities prices. This is likely to allow gross domestic product (GDP) growth to increase from 0.7% this year to 1.4% in 2025, a slight rise from the 1.3% predicted by S&P Global in March. Eurozone inflation is also expected to come back to the European Central Bank (ECB)’s 2% target by mid-2025, if present conditions remain more or less constant. Productivity bouncing back, wages growing at a slower pace and profit margins ...
Euronews (English)
You can add the Internal Revenue Service to the ranks of federal agencies conceding that raining taxpayer money on all and sundry to offset the negative effects of pandemic-era closures didn't go as well as intended. Not only was a program meant to offset the cost of paying workers during lockdowns and voluntary social-distancing prone to being gamed, but the "vast majority" of claims submitted to the program show evidence of being fraudulent. The Tax Man Is Shocked To Discover FraudstersIn the course of a detailed review of the Employee Retention Credit, "the IRS identified between 10% and 20...
Reason
The DAX has started to pick up pace again on Monday morning, after a mixed-bag performance late last week resulted in the index gaining 1%, then losing half of it, within the space of 24 hours. On the morning of June 24, within the first couple of hours of German markets opening, the index had gained 0.53% to trade at around $18295.61. The DAX was at approximately $18271.61 at the time of this article going to press. This reversed losses when the DAX fell 0.50% to 18,164 points on Friday June 21, after rising 1.03% to 18254.18 points on June 20. The IFO Business Climate IndexCrucial for DAX pe...
Invezz
Market focus will be on inflation readings from major economies this week, including France, Spain, Italy, the US, Canada, Australia, and Japan. Among these data, the Personal Consumption Expenditures (PCE) from the US hold the greatest significance in shaping global market trends. Additionally, the European political front remains a focus for the regional markets. EuropeThe spotlight for the euro area will be on the flash CPI from France, Spain, and Italy this week. Germany's Ifo Business Climate Index will also shed light on the biggest economy in the region. Inflation in Spain rose for the ...
Euronews (English)
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