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Eurozone Trade Surplus Surges In June

The euro area trade surplus surged in June driven by the increase in surplus for machineries and vehicles, chemicals and other manufactured goods. The trade surplus rose to EUR 22.3 billion in June from EUR 14.0 billion in May, data published by Eurostat showed on Friday. This was well above economists' forecast of EUR 13.3 billion.
RTTNews | Před 131 dny
Kroger Now Plans To Cut Grocery Prices By $1 Bln Upon Albertsons Merger

Kroger Now Plans To Cut Grocery Prices By $1 Bln Upon Albertsons Merger

Supermarket chain Kroger Co., amid the ongoing regulatory hurdles in its proposed $25 billion merger with Albertsons Cos., now plans to cut grocery prices by $1 billion, upon the closure of the deal, Bloomberg reported. This is double the $500 million cut in prices the company announced, while the merger deal was revealed in 2022. The supermarkets also plan to spend $1 billion to increase...
RTTNews | Před 131 dny
FTSE 100 Drifts Lower As Pound Gains On Upbeat Retail Sales Data

FTSE 100 Drifts Lower As Pound Gains On Upbeat Retail Sales Data

U.K. stocks drifted lower on Friday while the British pound strengthened against other major currencies after official data showed that U.K. retail sales volume rebounded in July - dashing investor hopes of a Q4 Bank of England rate cut.
RTTNews | Před 131 dny
DAX Extends Gains On Economic Optimism

DAX Extends Gains On Economic Optimism

German stocks rose on Friday to extend gains from the previous session as fears of a U.S. recession eased and optimism prevailed that the Federal Reserve would lower interest rates by at least 25-basis at next month's upcoming policy meeting.
RTTNews | Před 131 dny
Asian Shares Climb On US Growth Optimism

Asian Shares Climb On US Growth Optimism

Asian stocks advanced on Friday as encouraging U.S. data on inflation and retail sales allayed recession fears in the world's largest economy but prompted traders to push back expectations for aggressive rate cuts by the Federal Reserve.
RTTNews | Před 131 dny
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Pound Rises On Strong U.K. Retail Sales Data

Pound Rises On Strong U.K. Retail Sales Data

The British pound strengthened against other major currencies in the European session on Friday, after data showed that U.K. retail sales volume rebounded in July as summer discounting and the European football Championship boosted department stores and sports equipment stores sales.
RTTNews | Před 131 dny
UK Retail Sales Recover In July

UK Retail Sales Recover In July

UK retail sales volume rebounded in July as summer discounting and the European football Championship boosted department stores and sports equipment stores sales. Retail sales increased 0.5 percent on a monthly basis in July, following a revised 0.9 percent fall in June. Economists had forecast sales to grow 0.6 percent.
RTTNews | Před 131 dny
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Friday.
RTTNews | Před 131 dny
NZ Dollar Rises Amid Risk Appetite

NZ Dollar Rises Amid Risk Appetite

The New Zealand dollar strengthened against other major currencies in the Asian session on Friday amid risk appetite, as stronger than expected U.S. retail sales and weekly jobless claims data helped ease concerns about a recession in the world's largest economy. However, this is expected to prompt the U.S. Fed to go for a lower interest rate cut in September.
RTTNews | Před 131 dny
Malaysia GDP Growth Rises More Than Estimated

Malaysia GDP Growth Rises More Than Estimated

Malaysia's economic growth accelerated more than initially estimated in the second quarter on household consumption and investment. Gross domestic product registered an annual growth of 5.9 percent in the second quarter after rising 4.2 percent in the previous quarter, revised estimate from the Department of Statistics showed on Friday.
RTTNews | Před 131 dny
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
RTTNews | Před 131 dny

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