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EU mid-market update: Bond sell off continues to push yields to highs not seen since GFC, weighing on equities; Japan officials tight-lipped on JPY mo
Erratic monsoon rains in India have delayed vegetable planting and damaged ripening crops, raising vegetable prices to a seven-month high in June. Traders expect costs will remain high until October due to supply shortages. Costlier staples such as onions, beans, carrots, ginger, chillies, and tomatoes are expected to stoke retail inflation, which could hit a seven-month high in July, lowering the potential for the Reserve Bank of India to lower rates this year.
The island nation plunged into crisis last year as its foreign exchange reserves ran out and food and energy prices spiralled
-Mixed European flash PMI data for France, Germany, Euro Zone and UK, but indicated any recession in Europe would likely be limited or even avoided. N
ECB raises key rates by 75 basis points to tame inflation