Eurozone PPI rose 0.2% mom in May, matching market expectations, while annual producer inflation accelerated from 5.0% yoy to 5.9% yoy, slightly above the 5.7% yoy consensus. The data suggest producer price pressures remained elevated even as monthly price growth moderated from April’s 0.7% increase. The monthly increase reflected diverging trends across sectors. Prices for […]
The post Eurozone Producer Inflation Holds Firm as Core Factory Prices Continue to Rise appeared first on ActionForex.
Nike’s turnaround is showing signs of progress, but not enough for Wall Street to call it a clean comeback. And this is a problem for investors. The athletic giant is still one of the strongest Read more…
Market Overview The crypto market capitalisation rose to $2.21T at the start of trading on Monday, but soon corrected to $2.18T, while still up by over 5% from the previous week’s levels. Despite the positive Read more…
Eurozone retail sales rose 0.2% mom in May, matching market expectations and pointing to continued resilience in consumer spending despite a mixed performance across retail categories. Across the broader EU, retail sales increased a stronger Read more…