Eurozone retail sales volume rose 0.3% mom in July, below expectation of 0.6% mom. volume of retail trade increased by 0.4% for automotive fuels and by 0.1% for food, drinks and tobacco, while it decreased Read more…
Good day, and welcome to the Monday edition of the Daily Authority. Happy Labor Day to all those who celebrate, and we hope this is the only email you’re reading today. Highlights from Berlin
European stock markets are plunging at the start of the week following a day of mixed trade in Asia, with Gazprom’s announcement on Friday weighing heavily on the bloc. A bank holiday in the US Read more…
Eurozone Sentix Investor Confidence dropped further from -25.2 to -31.8 in September, below expectation of -27.5. That’s also the lowest level since May 2020. Current Situation Index dropped from -16.3 to -26.5, lowest since February Read more…
UK PMI Services was finalized at 50.9 in August, down from July’s 52.6. PMI Composite was finalized at 49.6, down from prior month’s 51.2, the first contraction reading in 18 months. Chris Williamson, Chief Business Read more…
Eurozone PMI Services was finalized at 49.8 in August, down from July’s 51.2, a 17-month low. PMI Composite was finalized at 48.9, down from prior month’s 49.9, a 18-month low. Looking at some member states, Read more…
Swiss GDP grew 0.3% qoq in Q2, below expectation of 0.4% qoq. Looking at some details, manufacturing contracted -0.5%. Construction contracted -1.7%. Trade dropped -2.1%. However, accommodation and food grew strongly by 12.4%. By expenditure Read more…
Gold price started a major decline from well above the $1,750 level against the US Dollar. The price traded below the $1,720 support to move into a bearish zone. It traded as low as $1,688 Read more…
Credit: Robert Triggs / Android Authority European Commission regulators have proposed minimum update requirements for smartphones. The lawmakers have also suggested that smartphones and tablets sold in the EU region should have repair parts available Read more…
Cable hits new 29-month low on Monday, in extension of bearish acceleration in past three weeks, a part of larger downtrend. The pound remains under strong pressure on risk aversion, driven by growing economic and Read more…