Eurozone inflation rose to record high of 8.6% in June
83 Articles
83 Articles
New record for inflation in Europe
The European Central Bank is raising rates for the first time in over 11 years this summer. It trails economists after eurozone inflation set yet another new record. But the tapering economy of the currency union is causing rises to be far fewer than in Sweden and the US.
Global Stocks Mixed As Eurozone Inflation Hits Record
Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, but record eurozone inflation underscored the potential for more turbulence ahead. New York equities spent much of the morning in the red, absorbing an industry survey showing slowing growth in the manufacturing sector. But US markets reversed course in the final hours of trading, rallying into the Independence Day holiday weekend amid hopes f…
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