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Eurozone Inflation Rises As Estimated

Eurozone Inflation Rises As Estimated

Eurozone inflation accelerated in May, as initially estimated, largely driven by services cost, official data revealed on Tuesday. The harmonized index of consumer prices rose 2.6 percent on a yearly basis, following the 2.4 percent rise in April, Eurostat reported. The rate came in line with the estimate published on May 31 and it has moved away from the ECB's 2 percent target.
RTTNews | 141 gün önce
Apple Stops Pay Later Scheme; Unveils Installment Loan Service

Apple Stops Pay Later Scheme; Unveils Installment Loan Service

Apple Inc. has announced that it is no longer offering Pay Later, its 'buy now, pay later' financing with 0% interest, while it is introducing new global installment loan offering. The company users, who have an active loan through Apple Pay Later, can continue to pay their loans using the Apple Wallet app.
RTTNews | 141 gün önce
CAC 40 Little Changed Ahead Of Inflation Data

CAC 40 Little Changed Ahead Of Inflation Data

French stocks were little changed on Tuesday as investors eyed the release of inflation data for the euro zone later in the day for clues to the ECB's next move.
RTTNews | 141 gün önce
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RBA Holds Key Rate At 12-Year High; Vigilant On Inflation

RBA Holds Key Rate At 12-Year High; Vigilant On Inflation

The Reserve Bank of Australia decided to leave its benchmark rate at a 12-year high for a fifth straight meeting and underscored that inflation is slowing more slowly than anticipated, leaving the door open for a possible rate hike. The policy board of the RBA, led by Governor Michele Bullock, retained the cash rate target at 4.35 percent.
RTTNews | 141 gün önce
European Economic News Preview: German ZEW Economic Confidence Data Due

European Economic News Preview: German ZEW Economic Confidence Data Due

Economic sentiment survey results from Germany and final inflation from the euro area are the top economic news due on Tuesday. At 3.00 am ET, final inflation figures are due from Austria. The initial estimate showed that the consumer price inflation eased to 3.3 percent in May from 3.5 percent in April.
RTTNews | 141 gün önce
European Shares Likely To Open On Steady Note

European Shares Likely To Open On Steady Note

European stocks are likely to open on a steady note Tuesday after the S&P 500 and Nasdaq scored record closing highs overnight, led by gains in the technology sector on enthusiasm over artificial intelligence.
RTTNews | 141 gün önce

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