On the data front in Europe, British consumer confidence remained at a record low in July as soaring inflation and rising interest rates continued to weigh on morale, according to a monthly index from market research firm GfK. The index held at -41 in July, matching June's 48-year low and remaining below the levels that have previously been seen before recessions.
British retail sales fell 0.1% in June, official figures showed Friday, while May's 0.5% monthly decline was revised down from 0.5% to 0.8%. The French finance ministry said Thursday that French economic growth will slow sharply next year as geopolitical risks mount, delaying progress on the public sector budget deficit. The ministry now sees growth in the euro zone's second-largest economy slowing from 2.5% in 2022 to 1.4% in 2023.
Italy's political uncertainty shows no sign of abating, with a snap national election now scheduled for September 25 afterData releases on Friday will include July's initial flash PMI readings for the euro zone and the U.K., while the Central Bank of Russia will announce its latest interest rate decision as Moscow continues to recalibrate its economy in the face of international sanctions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks open mostly lower after ECB hikes rates, investors assess corporate earningsU.S. stocks opened on Thursday after the European Central Bank raised interest rates by 50 basis points, or half a percentage point, and investors assessed corporate earnings results. The Dow Jones Industrial Average fell 125 points, or 0.4%:
Source: MarketWatch - 🏆 3. / 97 Read more »
Real estate, stocks are Americans' favorite investments - KRLD News
Source: KRLD - 🏆 75. / 68 Read more »
Netflix reports losing 1 million subscribers and its stocks soarNetflix stock was a surprise hit on Wall Street Tuesday after the company said it lost about 1 million subscribers last quarter, not the 2 million it had originally predicted. In the earnings report, Netflix also revealed that it will launch a lower-cost service with ads early next year.
Source: mynbc15 - 🏆 262. / 63 Read more »
Stocks bounce runs out of gas ahead of ECBAsian stocks inched lower while the dollar held firm on Thursday as a looming interest rate hike in Europe and uncertainty over the westward supply of Russian gas kept traders on edge.
Source: Reuters - 🏆 2. / 97 Read more »
Barclays believes earnings for these underperforming stocks may surprise Wall StreetBarclays sees dozens of companies set for an earnings surprise after watching their stock prices tumble for most of 2022.
Source: CNBC - 🏆 12. / 72 Read more »
Mapping peat thickness and carbon stocks of the central Congo Basin using field data - Nature GeoscienceField surveys suggest peatlands in the central Congo Basin are globally significant carbon stocks, storing approximately 28% of the world’s tropical peat carbon. UniversityLeeds NatureGeosci This is an incredible find that must be protected. UniversityLeeds NatureGeosci 🤫 Why would they tell people from poor country that they have a climate-destroying gold mine under their feet!
Source: physorg_com - 🏆 388. / 55 Read more »