-
Eurozone economic stagflation risk rises in June as demand stalls and price surge continues
Eurozone economic growth deteriorated sharply to a 16-month low in June, according to preliminary PMI data, reflecting a stalling of demand growth. Manufacturing output contracted for the first time in two years and the expansion in service sector activity cooled considerably, easing most notably for consumer-facing services. Companies also scaled back their business expectations for output over the coming year to the lowest since October 2020. Both the stagnation of demand and worsening outlook were widely blamed on the rising cost of living, tighter financial conditions and concerns over energy and supply chains ... (full story)
- Comments
- Subscribe
-
- Older Stories
-
From youtube.com|Jun 23, 2022Natural gas futures trade down to 11-week lows. Bob Iaccino examines.
-
From bnnbloomberg.ca|Jun 23, 2022Germany’s biggest utilities are working to revive their coal operations as Europe’s biggest economy turns to the dirtier fuel in a bid to reduce the use of natural gas for ...
-
From blogs.cfainstitute.org|Jun 23, 2022Will the US Federal Reserve abandon its aggressive contractionary monetary policy once markets begin to capitulate? Many investors hope so. But given the fundamental conditions at ...
-
- Newer Stories
-
From oilprice.com|Jun 23, 2022Demand for long-term LNG contracts has increased sharply in the current year, with suppliers taking advantage of robust demand thanks to a global effort to cut Russian imports by ...
-
From @FirstSquawk|Jun 23, 2022tweet at 8:34pm: AUSTRALIAN ENERGY MARKET OPERATOR TO FORMALLY END ELECTRICITY MARKET SUSPENSION FROM 2 PM (0400 GMT)
-
From corporate.nordea.com|Jun 23, 2022Amidst its hawkish shift, the ECB needs to pay increasing attention to what is happening in the government bond markets. We doubt the central bank manages to calm government bond ...
- Story Stats
- Posted: Jun 23, 2022 7:43pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 339
- Linked events:
