DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
chalking - 1 Frederik Ducrozet - 1 Ulrike Kastens - 1 Christine Lagarde - 1 Neil Shah - 1 Francesco Canepa - 1 Catherine Evans - 1
Top related locs:
FRANKFURT Germany Europe Italy Portugal Spain Belgium Luxembourg
Top related orgs:
European Central Bank - 1 Pictet Wealth Management - 1 ECB - 1 DWS . Services - 1 Eurostat - 1 Edison Group - 1 Thomson - 1

Search resuls for: "Ulrike Kastens"


3 mentions found


☆ Euro zone inflation falls again in June as energy prices tumble
  + stars: | 2023-06-30 | by ( ) www.reuters.com   time to read: +3 min
FRANKFURT, June 30 (Reuters) - Inflation in the euro zone extended its decline in June as the cost of fuel tumbled, more than offsetting an acceleration in prices for services, a preliminary reading showed on Friday. The data, pointing to only the smallest drop in underlying inflation, was unlikely to sway the European Central Bank, which has pencilled in a ninth consecutive rate hike for July and is eyeing one in September too. "Inflation is still high and sticky but momentum is moderating," said Frederik Ducrozet, head of macroeconomic research at Pictet Wealth Management. The euro zone unemployment rate remained at an historic low of 6.5% in May, Eurostat reported separately on Friday. Big differences remain between euro zone countries, with June headline inflation falling to as little as 1.6% in Spain and Belgium and 1.0% in Luxembourg while staying in double digits in Slovakia (11.3%) and close to them in the Baltics.
Persons: chalking, Frederik Ducrozet, Ulrike Kastens, Christine Lagarde, Neil Shah, Francesco Canepa, Catherine Evans Organizations: European Central Bank, Pictet Wealth Management, ECB, DWS . Services, Eurostat, Edison Group, Thomson Locations: FRANKFURT, Germany, Europe, Italy, Portugal, Spain, Belgium, Luxembourg, Slovakia, Baltics
☆ Asian markets rebound after First Republic Bank gets rescued by US lenders
  + stars: | 2023-03-17 | by ( Laura He | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —Asian markets rebounded Friday after First Republic Bank was rescued by a group of major US lenders, which eased worries about the current banking turmoil. First Republic Bank (FRC) is set to receive a $30 billion lifeline from a group of America’s largest banks, including JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (CBEAX), Citigroup (C) and Truist (TFC). “Following the recent global financial instabilities, First Republic Bank was expected to be the next domino to fall,” said Yeap Jun Rong, a market analyst at IG. Worries deepened on Wednesday after shares of Credit Suisse plummeted in Europe. Regulators on both sides of the Atlantic have taken emergency measures to shore up confidence, including protecting deposits at Silicon Valley Bank and Signature Bank and giving a $54 billion lifeline to Credit Suisse.
☆ German inflation at highest level in over 25 years
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
Full shelves with groceries are pictured in a supermarket during the spread of the coronavirus disease (COVID-19) in Berlin, Germany, March 17, 2020. REUTERS/Fabrizio BenschSummary EU-harmonized inflation at 10.9%Energy costs up 43.9% year-on-yearAnalyst: ECB must act quickly, vigorouslyBERLIN, Sept 29 (Reuters) - German inflation was at its highest in more than a quarter of a century in September, driven by high energy prices, data showed, as analysts warned that the energy crisis has yet to make itself fully felt. Consumer prices, harmonised to make them comparable with inflation data from other European Union countries (HICP), increased by 10.9% on the year, the federal statistics office said. That was the highest reading since comparable data going back to 1996. Dwindling gas supplies from Russia have pushed energy prices, and correspondingly inflation, to highs not seen in decades, with the massive loss in consumer purchasing power adding to the likelihood that a recession is on the way.
0 next >>
Total: 3