European stocks edge higher; German import prices drop sharply By Investing.com

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

European stocks edge higher; German import prices drop sharply

fall by 13.2% year-on-year in July, the sharpest drop since January 1987, suggesting inflationary pressures acting on the eurozone's largest economy are retreating rapidly.

That said, the state of North Rhine Westphalia, Germany's most populous state, reported CPI rising 0.5% in August, an annual increase of 5.9%, above expectations, suggesting the report for Germany as a whole could have upside pressure. It is expected to rise 6.0% on an annual basis, a drop from 6.2% the prior month.

rose 0.5% on the month in August, slightly above expectations, while the annual figure came in at 2.6%.ECB President hinted that the region’s central bank will pause its rate-hiking cycle in September at the press conference that followed its last meeting, a view that was hardened by a sharper-than-expected contraction in eurozone business activity.The major indices on Wall Street closed sharply higher Tuesday, with the tech-heavy

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:

 /  🏆 450. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Investing Club's top 10 things to watch in the stock market MondayStocks are set to open the new week slightly higher, while Club name Danaher (DHR) plans to acquire life-sciences company Abcam (ABCM).
Source: CNBC - 🏆 12. / 72 Read more »