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At least 3,700 excess deaths reported during heatwave in France, Belgium and Netherlands

France, the Netherlands and Belgium have recorded 3,700 excess deaths during the June heatwave that sent temperatures soaring across Europe, with authorities warning that the numbers are preliminary and could rise.Experts have said the heatwave, which lasted from about June 20-28, was the worst rec…

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Economy
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Euro zone 10-year yields set for weekly rise, curve steepens

Euro zone longer-dated bond yields were set for a weekly rise on Friday, their first since early June, as traders refined their positions after the initial move lower in yields on the U.S.-Iran deal.Germany's 10-year bond yield was up 2 basis points at 2.92%. It has been moving slowly but steadily…

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Bonds
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Euro zone services sector contraction eased in June as inflation cooled sharply, PMI shows

The euro zone services industry contracted at a slower pace in June as cost pressures fell at the sharpest rate on record outside of pandemic-era lockdowns, helping to stabilise the broader economy after two months of decline, a survey showed.Oil prices dropped for a third consecutive day on Thursd…

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Economy
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Italy retail sales rise 0.2% m/m in May

Italian retail sales rose 0.2% in May from the month before, data showed on Friday, following a flat reading in April.Sales rose 2.2% in unadjusted year-on-year terms in May, ISTAT said.The data are expressed in value terms and are not adjusted for consumer prices, which increased 3.2% in May from…

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Economy
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World food prices ease for second month in June, UN's FAO says

World food prices edged lower in June as declines in sugar, cereals and dairy outweighed increases in vegetable oils and meat, the United Nations' Food and Agriculture Organization said on Friday.The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commo…

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Futures
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French services sector contracted in June by more than forecast, PMI shows

France's services sector contracted in June by more than initially forecast, as sluggish demand and inflationary pressures weighed on businesses, said a survey by S&P Global.The S&P Global France Services PMI Business Activity Index rose to 46.8 points in June from 44.3 in May, although that final…

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Economy