Page 32 - Bert Colijn News Today

The eurozone inflation rate hit a new record in August, official data showed on Wednesday, increasing pressure on the European Central Bank to hike rates to tame Ukraine war-fuelled prices.

The eurozone inflation rate hit a new record in August, official data showed on Wednesday, increasing pressure on the European Central Bank to hike rates to tame Ukraine war-fuelled prices.

ASX futures down 1pc. Wall St posts fourth straight day of losses, futures lower. US 10-year advances to 3.2pc. Brent oil falls. Gold flat. $A lower. Follow updates here.

The higher than expected flash estimate for August from statistics agency Eurostat showed energy and food prices were again the main factors.

The latest figures add pressure on European Central Bank officials to continue raising interest rates.

New Age, a Dhaka-based leading English language daily newspaper, is a major source of news of Bangladesh and international affairs

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Eurozone economic confidence weakened more than expected in August amid fears of recession, survey results from the European Commission showed Tuesday. The

Six months into the Russia-Ukraine conflict, the European Union is haunted by an energy crisis, high inflation and looming recession, according to economists.

PMI data from major economies including the US and Europe significantly contracted, suggesting the potential onset of stagflation.

* Inflation and the months-long energy crisis across Europe has darkening economic prospect and denting residents confidence in consumption.The EU saw the industrial producer prices rise by 1.3 percent from May to June, or a yearly increase of 36.1 percent from June last year, Eurostat said.