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2 results for “Eurozone”

Global Market: Eurozone business activity hits 29-month high as price pressure intensifies
Business · Finance

Global Market: Eurozone business activity hits 29-month high as price pressure intensifies

Eurozone business activity expanded at its fastest pace since April 2023 in September, driven by strong service demand and AI investments. However, inflation surged to 3.8% due to rising energy costs, fueling expectations that the European Central Bank will maintain higher interest rates or hike rates further by…

Source: The Economic Times
Global Market | High energy costs threaten eurozone inflation outlook: ECB's Nagel
Business · Markets

Global Market | High energy costs threaten eurozone inflation outlook: ECB's Nagel

Eurozone inflation stands at 3.8%, with Bundesbank President Joachim Nagel warning of upside risks from energy, food and refining costs. However, wage and price-setting remain contained, while long-term inflation expectations stay aligned with the ECB’s 2% target. Markets increasingly expect further ECB rate hikes,…

Source: The Economic Times