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  • German Consumer Prices Climb Unexpectedly Strongly in July

    German consumer prices rose strongly in July, according to preliminary data released by the German statistics office Destatis on Thursday. Consumer prices rose 3.8% on year measured by national standards, more than the 3.3% forecasts by economists polled by The Wall Street Journal. They rose 3.1% on year by European Union-harmonized standards, slightly above the 3.0% forecast of economists polled by The Wall Street Journal.

  • Turkish Central Bank Raises Inflation Expectation to 14.1% at End of 2021

    The Turkish central bank said Thursday that it now expects inflation to be at 14.1% at the end of 2021 and 7.8% at the end of 2022.. In April, the bank said it expected inflation at 12.2% at the end of 2021 and 7.5% at the end of 2022.. Inflation should stabilize around 5%-- the medium-term target-- in 2023, the bank said in its July inflation report.

  • Fortis 2Q Profit Falls on Exchange Rate, One-Time Costs Hit

    Fortis Inc. on Thursday reported a fall in second-quarter profit, blaming primarily unfavourable currency- exchange rates and one-off items. The Newfoundland-and-Labrador-based diversified electric utility holding company said earnings per share were 54 Canadian cents, a decrease of C $0.05 from a year earlier. Net income was C $253 million, compared with C $274 million, it said.

  • Belgian Economy Grew in 2Q as Pandemic Restrictions Were Eased

    The Belgian economy grew in the second quarter thanks to the gradual easing of coronavirus restrictions, the National Bank of Belgium said Thursday. The country's gross domestic product grew 1.4% compared with the previous quarter, the central bank said. According to a first estimate, value added was up on the previous quarter by 1.1% in industry, 0.5% in construction and 1.4% in services, the report said.

  • German Jobless Claims Fell More Than Expected in July

    German jobless claims fell considerably more than expected in July, the Federal Employment Agency said Thursday. Jobless claims fell by 91,000 on the month after declining by a revised figure of 39,000 in June. Economists polled by The Wall Street Journal had forecast a decline of 22,500..

  • Spanish Unemployment Rate Declined in the Second Quarter

    Spain's unemployment rate fell slightly in the second quarter of 2021 but remained at a high level as the labor market continued to suffer from the coronavirus pandemic and its related restrictions. The country's unemployment rate declined to 15.26% in the second quarter from 15.98% in the previous quarter, Spanish statistics office INE said Thursday. Jobless claims fell by 110,100 in the quarter to a total of 3.54 million unemployed.

  • Gold Demand Steadies as Jewelry Buyers Counter Falling Investor Appetite

    Gold demand was little changed in the first half of the year as a rebound in consumer demand for bars, coins and jewelry counteracted waning appetite from institutional investors, the World Gold Council said Thursday. Global demand for the precious metal stood at 1,833 metric tons in the first half of the year, 10% less than during the same period in 2020, the WGC said in its quarterly report. Demand in the second quarter stood at 955.1 tons, largely unchanged from the same period last...

  • Indian Morning Briefing: Asian Markets Mostly Higher

    GLOBAL MARKETS DJIA 34930.93 -127.59 -0.36% Nasdaq 14762.58 102.01 0.70% S&P 500 4400.64 -0.82 -0.02% FTSE 100 7016.63 20.55 0.29% Nikkei Stock 27686.76 105.10 0.38% Hang Seng 25900.89 427.01 1.68% Kospi 3236.91 0.05 0.00% SGX Nifty* 15751.00 -4.0 -0.03%* Aug contract USD/JPY 109.80-81 -0.10% Range 109.96 109.69 EUR/USD 1.1853-56 +0.09% Range 1.1860 1.1841 CBOT Wheat Sep $6.886 per bushel Spot Gold $1,816.10/ oz 0.5% Nymex Crude $72.27 $0.62 U.S. Stocks mostly edged lower...

  • UK Advertising Spend Expected to Post Strongest Growth on Record in 2021

    U.K. advertising expenditure is forecast to grow 18.2% this year, its strongest annual rise since records began, as the recovery from the hit caused by the coronavirus pandemic gathers pace, according to industry estimates released Thursday. Spending in advertising is expected to reach 27.7 billion pounds this year from GBP23.46 billion in 2020, the latest expenditure report from the U.K.' s Advertising Association and ad-intelligence firm WARC showed.

  • ICE Canada Weekly Outlook: Canola Range-bound, Awaiting Harvest

    WINNIPEG, Manitoba--ICE Futures canola contracts held within a relatively narrow range during the week ended July 28, as traders wait to get a better handle on the size of the Canadian crop. "We're just waiting to see as we get into harvest what the crop size and crop yields look like," said Jamie Wilton, commodity futures specialist with RJ O'Brien in Winnipeg. General expectations are that the crop was down on the year, but the extent of the reduction remains to be seen.

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