Germany's 200 billion euro plan to protect companies and households from soaring energy prices will be scrutinised by the European Commission, EU industry chief Thierry Breton said on Friday.
French inflation slowed unexpectedly for a second month running in September, bucking the trend in neighbouring Germany and the wider euro zone, helped by decelerating increases in prices of energy and services, data showed on Friday.
Sterling rose to a fresh one-week high on Friday, helping to push the U.S. dollar index to a one-week low, as British policymakers moved to undo some of the damage caused by last week's tax-slashing, debt-swelling fiscal plan. That puts the UK currency on course for its best week in 2 1/2 years.
- European shares tumbled on Thursday as relief from the Bank of England's bond buy-back plan to soothe distressed markets fizzled out, while grim inflation data from Germany fed fears about soaring prices and aggressive central bank moves.
Euro zone government bond yields rose on Thursday, unwinding most of the previous day's gains, after German inflation data reignited investor concerns over yet more interest-rates rises. Meanwhile, UK bond holders resumed their selling of gilts after the Bank of England stepped in on Wednesday to stabilise the market in light of a surge in yields.
* 75 bps rate hike in Oct in focus. * German inflation 10.9% in Sept vs 8.8% in Aug. * Running down bond portfolio appears most contentious. * Inflation in Sept to hit new record high. By Francesco Canepa and Balazs Koranyi.
* Germany inflation highest in 25 years. * Eurozone economic sentiment falls in September. * H&M slumps as surging costs drag profit. By Devik Jain and Amruta Khandekar.
Consumer prices in the German state of NRW rose by 1.8 % month-on-month in September and were up by 10.1 % year-on-year, the state's statistics office said on Thursday. Index/component mth/mth. yr/yr Weight.
Euro zone yields hit multi-year highs on Wednesday, with the German real yield in positive territory for the first time since June 2015 on monetary tightening expectations and concerns about growing bond supply due to more public spending. European Central Bank officials kept their hawkish rhetoric, showing no signs of wanting to halt the rout in the bond market.
Euro zone yields hit fresh multi-year highs on Wednesday, and Germany's real yield rose above zero for the first time since 2015, on expectations of monetary tightening and concerns a potential increase in public spending would increase supply of bonds.
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