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Eurostat's preliminary estimates showed the euro zone's inflation rate was 2.6% year-on-year in February, down from 2.8% in January but higher than economists expected. The European Central Bank is expected to lower its inflation expectations at its March 7th board meeting, but leave interest rates unchanged.“Inflation in the euro area continued its downward trend in February, with price increases at 2.6%, down from 2.8% in January and 2.9% in December. This was slightly above the expected 2.5% rise. But at least things are moving in the right direction,” said Michael Field, European market strategist at Morningstar. The core inflation rate,…

overview euro area According to preliminary figures, the annual inflation rate is expected to be 2.6% in February 2024, down from 2.8% in January. Eurostat, Statistical Office of the European Union. Looking at the main components of inflation in the euro area, February's annual rate was highest for food, alcohol and tobacco (4.0% compared to 5.6% in January), followed by services (4.0% in January). 3.9%). ), non-energy industrial products (1.6% compared to 2.0% in January), energy (-3.7% compared to -6.1% in January). table Eurozone annual inflation rate and its components (%) Weight (percent) annual rate Monthly fee 2024 February 23rd…

newsInflation rates continued to decline in most European countries last month. Consumer prices in the 20 countries that use the euro as their currency rose at an annual rate of 2.6% in February, down from 2.8% in January, the European Commission's statistics office said on Friday. .Why it matters: Interest rates won't fall until inflation occurs.The faster inflation falls closer to the European Central Bank's 2% target, the sooner the bank may be inclined to lower interest rates, currently at 4%. Central Bank President Christine Lagarde said she expected inflation to continue to slow, given how far energy prices have…

Another mild winter and well-filled gas stocks have pushed European natural gas prices to their lowest level since the second quarter of 2021. This not only contributes to a further decline in inflation but also provides a tailwind for the euro area economy. Sentiment indicators continue to rise, albeit from subdued levels. As a result, the composite PMI rose to an eight-month high in February, but remains below the boom-bust level of 50. Germany's Ifo index also showed some progress in February. However, the weak German economy continues to weigh on overall eurozone growth. The gap between manufacturing and services…

Inflation continues its moderate downward trend in the euro area, but last month's heavy lifting was mostly a base effect, with seasonally adjusted month-on-month inflation not providing much reassurance about the European Central Bank's impending interest rate cut. It ended with that. Using a unique seasonal adjustment, we see that monthly core inflation rose for the third consecutive month on the back of an acceleration in services inflation. In our view, the ECB wants to break this trend before cutting rates. Headline inflation also did not fall much, which is not surprising given that energy support measures for consumers have…

FRANKFURT, Germany (AP) – Inflation that has ravaged Europe's economy eased again in February, falling to 2.6% as high interest rates, subdued oil and gas prices and slowing growth curbed the rise in over-the-counter prices. The European Union's statistics agency Eurostat said on Friday that February's figure for the 20 countries that use the euro currency compares with 2.8% in January. Inflation is now well below its October 2022 peak of 10.6% after Russia cut off most of its natural gas supplies and energy prices soared. However, recovery to the 2% inflation rate, the target set by the European Central…

Although the popularity of cryptocurrencies has skyrocketed in recent years, only a minority of Americans actually trade them. Some of the most popular cryptocurrencies include Bitcoin, Ethereum, and Cardano, each of which has seen a lot of movement as their prices rise and fall. What is the appeal for traders? The potential to make large profits from the volatility of these highly speculative assets. There are more and more ways for traders to access cryptocurrencies. In response to widespread interest in cryptocurrencies, new exchanges and trading platforms have started. In fact, you may already have an app installed on your…

crypto asset manager grayscale investment is pushing the U.S. Securities and Exchange Commission (SEC) to approve options trading. Bitcoin (CRYPTO:BTC) An ETF that aims to diversify the investor base.what happened: Grayscale CEO michael sonnenschein We recently emphasized the importance of giving options about grayscale bitcoin trust (OTC:GBTC) argued that a refusal would have an undue influence on shareholders, Reuters reported.Enter to win $500 in stocks or cryptoEnter your email address to get Benzinga's Ultimate Morning Update, a free $30 gift card, and more.The petition comes despite the SEC's history of approving options on ETFs that track Bitcoin futures.“This is critical…

Broadly speaking, there are two categories of cryptocurrency exchanges: centralized exchange and decentralized exchange. Each category has its own advantages and disadvantages. centralized exchange A centralized crypto exchange (CEX) is managed by one organization. Centralized exchanges make it easy for users to start trading cryptocurrencies by allowing them to convert fiat currencies such as dollars directly into cryptocurrencies. The majority of cryptocurrency trading takes place on centralized exchanges. Some crypto enthusiasts oppose centralized exchanges as they go against the decentralized philosophy of cryptocurrencies. Even worse in the eyes of some cryptocurrency users, companies or organizations may require users to follow…

(Bloomberg) — Inflation in the euro zone slowed more than expected in February, helping European Central Bank officials unwilling to rush to cut interest rates.Most Read Articles on BloombergEurostat said on Friday that consumer prices rose 2.6% in February compared to a year earlier. This is higher than the median estimate of 2.5% in a Bloomberg survey of economists. Core inflation, which excludes volatile factors such as food and energy, was also slower than expected, at 3.1%.A deceleration was seen across the currency bloc as rising energy costs faded and the economies of 20 countries stagnated. This week, Germany, France…