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Annual inflation rate in the euro area and its main components The euro area annual inflation rate was 2.6% in February 2024, down from 2.8% in January 2024. Looking at the main components of euro area inflation, the highest annual rate in February was services (4.0%, stable compared to January), followed by food, alcohol and tobacco (3.9%, 5.6% in January) %), followed by non-energy. Industrial Products (1.6 % compared to 2.0 % in January), Energy (-3.7 % compared to -6.1 % in January). Table 1: Euro area annual inflation rates and their main components: weights for 2024 and rates for…
Spring is just around the corner, but is crypto winter over? Last week, with Bitcoin trading at all-time highs and an industry-wide hunger for new sponsorship categories, many were wondering if everything old is new again. Will the exchanges where Bitcoin is traded start spending like they did just a few years ago, before some exchanges caught fire? FTXalong with the Miami Heat's home arena nameplate, what gave MLB umpires their brand for several seasons? Binance also filed for bankruptcy voyager, had a major sponsorship of the Dallas Mavericks. There was also confusion among some of his NFT and related…
Stay informed with free updatesJust sign up for euro area economy myFT Digest — delivered straight to your inbox.The eurozone's monthly trade surplus hit a record high at the start of the year, due to a sharp fall in energy import prices and an increase in exports. The single currency area's trade balance in goods reached a seasonally and calendar-adjusted surplus of 28 billion euros in January, the highest level since the EU's statistical agency Eurostat started compiling the data in 2002. became. This recovery reflects a similar improvement in Germany's trade balance, underscoring how the huge terms of trade…
On a recent Tuesday night, about 20 people crammed onto the second floor of Joniel Bong's newly opened Internet cafe in Quezon City, 16 miles from Manila. Sitting in front of a computer with a 34-inch curved monitor, they began playing video games like Heroes of Mavia and Nifty Island as music by Swift and Maroon 5 blared from the speakers.Playing these games can become a full-time job, and some of Bong's customers spent their nights eating pizza slices for energy. The game rewards players with cryptocurrency tokens for completing small daily challenges. Players often exchange tokens for pesos, the…
This article is an on-site version of the Disrupted Times newsletter.Sign up here to get our newsletter sent straight to your inbox three times a weekToday's top newsPlease visit our website for the latest news updates. live blogGood evening.This morning's encouraging trade figures for the eurozone raised hopes that the big shock caused by Russia's full-scale invasion of Ukraine is finally starting to wear off, as energy prices rebound and exports pick up. .The trade balance in goods reached 28 billion euros in January, the highest level since authorities began keeping track of the statistics in 2002. Last year, the…
Cardano's new stablecoin USDM was launched yesterday, but it is not yet tradable on the crypto market. Do not confuse it with the USD mars (USDm) token. The USD mars (USDm) token is a stablecoin of his BSC that has been present in the crypto market since the end of 2021 and previously lost its peg to the dollar shortly after its market launch. . There is also another token called USDM that is related to the Mountain Protocol USD stablecoin, which has nothing to do with Cardano’s USDM. USDM is Cardano’s new token created by Mehen. Cardano: ADA crypto…
Voir tous les articles Are you confident that the euro area is in a comfortable position to deal with financial distress in the banking system? Do we have the institutions in place to wind down a bank or to rescue a bank, as the Swiss authorities did with Credit Suisse or as the US did with SVB two years ago? We seem to have made a lot of progress in theory, but we have no real experience in resolving a bank in practice. I believe there is a broader argument to be made about the resilience of the Euro and…
Europe needs huge investment, writes Peter Bofinger. However, the ECB's monetary restriction stance means that interest rates will fall this year. Concentrating solar power tower power plant near Seville, Spain – ECB’s financial stance prevents these huge investments Europe needs Since July 2022, the European Central Bank has faced the euro area with interest rate increases of unprecedented scale and speed. The effects of this policy are now beginning to appear. The Organization for Economic Co-operation and Development expects the euro zone's gross domestic product (GDP) to grow by just 0.6% this year, up from 0.5% in 2023. This is…
The yield on the 10-year U.S. Treasury rose 0.42% to end the day at 4.310%. On Friday, the Dow Jones Industrial Average fell 0.49%. The Nasdaq Composite and S&P 500 fell 0.96% and 0.65%, respectively. friday market movers Vonovia It fell 10.07% on Friday. German real estate companies reported their biggest losses ever in 2023, accelerating the decline in stock prices. A loss of $7.35 billion was incurred due to the recording of real estate write-downs. Infineon Technologies down 6.02%; SAP It fell 1.70% on sentiment towards the Fed's interest rate path. However, auto stocks found much-needed support on Friday.…
Cryptocurrency markets were on edge this week after important data was released in the United States. From inflation printing to retail sales, the data presented many lessons for digital asset enthusiasts. Here are three important points for crypto investors to keep in mind as they read this week's economic data.Fed rate cutBoth CPI and PPI data suggested that inflation had proven more robust than the market had hoped. The US PPI inflation data was released at the same time as the weekly unemployment rate data. U.S. PPI inflation data released Friday by the Bureau of Labor Statistics shows wholesale inflation…