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)
A quarter of businesses in the hospitality sector say they are in danger of running out of money with no cash reserves left; a further 29% have less than three months' worth of money put by. The plea follows a survey by UKHospitality which found licensees working in pubs, hotels and restaurants and cafes looking towards the future with great uncertainty. Some 98% of them revealed they had seen food and drinks cost rise over the past year, with 96% reporting a rise in wage costs and 98% expressing worry about being able to afford the National Living Wage rise due in April. The sector has also h...
Euronews (English)
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