englisheconomy
Eurozone retail sales witnessed their sharpest monthly increase since September 2022, displaying promising signs of economic recovery in household consumption. Data released by Eurostat on Tuesday revealed retail sales in the euro area advanced by 0.8% month-on-month in March. The rebound came after an upwardly revised decline of 0.3% in February and exceeded market expectations of a 0.6% increase. Annually, sales grew by 0.7%, reversing a 0.5% contraction in February and marking the first positive annual rate since September 2022, the highest since May 2022. European consumers reluctant to sp...
Euronews (English)
Amid ECB President Lagarde's hints on a June rate cut, the European stock markets continued to refresh their all-time highs with the Euro Stoxx 50 Index hitting above 4,900 and DAX topping 17,800 for the first time in history. The movement also mirrored a continuous record-breaking momentum on Wall Street after Fed Powell signalled to lower the interest rates sometime this year. The trajectory for the global market indicates a decline in government bond yields, reflecting expectations that central banks will initiate a rate-cut cycle in the second half of the year. Consequently, the US dollar ...
Euronews (English)
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