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Top Euro-Area Economies Flash Recession Warning Signals

(Bloomberg) -- Germany and France kicked off the third quarter with contractions in their private-sector economies, with sustained weakness in manufacturing seeing increased spillover to services.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Aver...
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Source: yahoo.com

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Euro-Area Consumer Confidence Improves More Than Expected

(Bloomberg) -- Euro-area consumer confidence increased more than expected in July, an encouraging sign for the 20-nation currency bloc. The reading of -15.1 — after -16.1 in June — compares with an economist estimate of just -15.8. The European Commission said improvement shows that the gauge “is slowly but steadily recovering toward its long-term average.” The data come hours after revised Eurostat numbers revealed that the region avoided a winter recession after all...
Bloomberg Businessweek Mark Evans Joel Rinneby European Commission
Source: yahoo.com

Euro-Area Core Inflation Quickened More Than Estimated in June

(Bloomberg) -- Euro-area underlying inflation, the key measure of price gains for the European Central Bank, accelerated more than initially reported in June, cementing the interest-rate increase widely expected next week.Most Read from BloombergTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystSingapore Passport Is World’s Most Powerful, Replacing JapanMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaRags-to-Riches Wealth Fund Veteran Plans to Run for S...
Mark Evans Klaas Knot Joel Rinneby Bloomberg Businessweek European Central Bank President Luis De Guindos
Source: yahoo.com

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