1) Year-on-year consumer price growth in Turkey accelerated to 68.5 percent in March from 67.1 percent in the previous month. Inflation thus rose for the fifth month in a row, despite aggressive interest rate hikes by the Turkish central bank. This follows from today’s data from the Turkish Statistical Office. The sharp rise in prices is considered one of the main reasons for the defeat of the ruling Justice and Development Party (AKP) in Sunday’s local elections, AFP reported.
2) In the first four months of Israeli bombing, the Gaza Strip suffered damage to critical infrastructure in the amount of approximately 18.5 billion dollars (435 billion CZK), the World Bank and the United Nations estimate in a report published yesterday. Israel launched an offensive in the Gaza Strip after a cross-border terrorist attack by Hamas on October 7.
3) The Committee of Chief Ministers of the OPEC+ group, which consists of the Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, recommended leaving the group’s current production policy unchanged. This is according to a statement released by the Committee of Ministers (JMMC) after the meeting.
4) According to seasonally adjusted data, the unemployment rate in the European Union stagnated at six percent in January. The statistical office Eurostat stated this in its report today. The lowest unemployment was in the Czech Republic at 2.6 percent, the highest in Spain, where it was 11.5 percent. In countries paying with the euro, unemployment also remained unchanged at 6.5 percent.
5) Year-on-year growth in consumer prices in the eurozone slowed to 2.4 percent in March from 2.6 percent in February. Inflation thus fell for the third month in a row. This was stated today in a quick estimate by the European statistical office Eurostat. This estimate does not include data for the entire European Union.
Source: Investing.com, Bloomberg, Reuters, ČTK, AFP, Eurostat
Read more
- 5 events worth paying attention to today
1) Most of the markets of the Asia-Pacific region continued to weaken today due to fears of rising inflation, the biggest losses of around one and a half percent were recorded by shares in Korea and Japan. Shares of the Japanese car manufacturer Nissan fell by ten percent today after Tuesday’s results, while rival Toyota, which announced results on Wednesday, already managed to add two percent to the good.
- 5 events worth paying attention to today
The unemployment rate in the Eurozone and in the entire European Union remained at the same level in September as in the previous…
- 5 events worth paying attention to today
Activity in China’s manufacturing industry grew at its fastest rate in more than two years in October. Shopping index…
- 5 events worth paying attention to today
1) The head of the US Central Bank (Fed), Jerome Powell, said at a conference in Boston that the US economy is currently generating very optimistic outlooks, which, in the unusual combination of low unemployment and low inflation, support the belief in the continued expansion. Powell recalled that the unemployment rate is around 3.9% and inflation is around the central bank’s target of 2%.
- 5 events worth paying attention to today
Business activity in the eurozone in October reached the fastest growth rate since the beginning of this year…
- 5 events worth paying attention to today
1) The European Securities and Markets Authority (ESMA) fined the Moody’s rating agency for violating rating rules in the region. Moody’s is to pay 1.24 million euros. According to ESMA, the German and British divisions of Moody’s negligently violated the Regulation on the Regulation of Rating Agencies in connection with the public announcement of certain ratings. They also violated a rule on disclosure of the methodology used to determine those ratings.
- 5 events worth paying attention to today
The unemployment rate in Germany fell to a record low of 6.0% in October, analysts expected stagnation at…
- 5 events worth paying attention to today
The index of consumer confidence (GfK index) in the favorable development of the German economy in November reached a value of 9.7…
- 5 events worth paying attention to today
Business confidence in Germany surprisingly improved in October. She thus reached the highest level in two…
- 5 events worth paying attention to today
According to the first estimates, inflation (CPI index) in the Eurozone grew at a year-on-year rate of 0.5% in October. Core inflation…
- 5 events worth paying attention to today
1) 194,000 non-agricultural jobs were created in the US economy in September. Analysts expected an increase of about 500,000 jobs after the creation of 366,000 jobs in August (revised from 235,000). The unemployment rate fell to 4.8% from 5.2% in August, a decline to 5.1% was expected. The data was published today by the US Department of Labor.
- 5 things worth paying attention to today
The Japanese yen continues to grow thanks to the surprising inactivity of the Bank of Japan (BoJ) and…
- 5 things worth paying attention to today
The European Central Bank (ECB) was meeting today and its head Mario…
- 5 things worth paying attention to today
The Bank of Japan (BoJ) surprised financial markets with its inactivity, leaving its…
- 5 things worth paying attention to today
The US Federal Reserve (Fed) begins its two-day meeting. No changes are expected regarding…
- 5 things worth paying attention to today
The American Central Bank (Fed) will publish interest rates today at 20:00 CEST, no changes are expected…
- 5 things worth paying attention to today
The price of oil today, thanks to an increase in the monthly production of the Organization of the Petroleum Exporting Countries (OPEC), is falling from…
- 5 things worth paying attention to today
Oil company workers in Kuwait ended a three-day strike and the price of oil began to fall again. To the center…
- 5 things worth paying attention to today
Eurozone finance ministers discuss the rescue package for Greece in Amsterdam. The session will be…
- 5 things worth paying attention to today
The US dollar weakens before the meeting of the US central bank (Fed) and the Japanese yen, on the contrary, before the meeting of the Japanese…
