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ECB's inflation fears linger despite oil price retreat

European Central Bank policymakers welcomed the recent drop in oil prices on Tuesday but warned that energy costs remain high and the shock will linger in the economy for some time, fuelling price pressures.The ECB raised interest rates last month and policymakers are contemplating whether to follo…

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Economy
NEWS reuters

Slovenia's June annual consumer prices unchanged at +3.6%

Slovenia's consumer prices rose 3.6% annually in June, unchanged from the previous month, while they rose 0.8% month-on-month, the country's statistics office said on Tuesday.The biggest contribution to annual prices came from higher housing, water, electricity, gas and other fuel costs, while the…

Reuters en
Economy
NEWS reuters

German unemployment falls unexpectedly in June

By Maria MartinezThe number of unemployed people in Germany fell unexpectedly in June, labour office figures showed on Tuesday.In seasonally adjusted terms, the jobless figure fell by 1,000, while analysts and economists had predicted an increase of 7,000 in a Reuters poll.The overall adjusted numb…

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Economy
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European Union auctions 2.818 mln spot carbon permits at 78.13 eur/t

LONDON, June 30 (Reuters) - The European Union sold 2.818 million spot EU carbon permits on EEX at 78.13 euros per tonne each on Tuesday, the exchange said.Date Market area Auction type Auction Price Amount auctioned Cover ratio30-Jun-2026 EU EUA…

Reuters en
Economy
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Tokyo keeps powder dry as 'line in the sand' on yen shifts

By Rocky Swift and Noriyuki HirataThe yen's break through a long-defended 162-per-dollar level to its weakest in four decades has reinforced expectations Japan may tolerate more yen weakness, with 165 increasingly viewed as the next line in the sand for official intervention.Unlike past rounds of d…

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Forex
reuters

Tech selloff stirs bubble fears in US stock market

By Saqib Iqbal AhmedSoaring stock market valuations, dramatic swings in the market value of trillion-dollar companies, and periodic sharp selloffs have fueled growing concerns that parts of the U.S. stock market may be in a bubble.Investors have long been skeptical of the astronomical gains in AI a…

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index
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Ebola outbreak could cost Africa up to $3.6 bln, UN says

The United Nations said on Tuesday that an Ebola outbreak could cost Africa up to $3.6 billion and hundreds of thousands of jobs, potentially causing a development crisis."If we have the resources and we step up, we can contain this outbreak and prevent further losses," said Damien Mama, United Nat…

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reuters

New York coffee may test resistance at $2.8440

New York September coffee ICEUS:KC1! may test a resistance at $2.8440 per lb, a break above which may lead to a gain into $2.9015-$2.9405 range.A wave c from $2.6015 may have resumed, as suggested by the rise during the previous trading session. This wave could travel to its 100% projection level o…

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Futures
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CBOT wheat may retest support at $5.78-1/2

CBOT September wheat (WU26) may retest a support at $5.78-1/2 per bushel, a break below which could trigger a fall to $5.74.A wave c from $6.07-1/4 looks incomplete. It is expected to travel to $5.74, the 100% projection level. The bounce triggered by the support may end around $5.86-3/4, a resista…

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Futures