Eurozone inflation rises to 2.9% after increase in energy costs
December data comes amid speculation over when European Central Bank will cut interest rates
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December data comes amid speculation over when European Central Bank will cut interest rates
Inflation in the euro zone climbed to 2.9% in December, up from 2.4%. Economists expected a reading of 3%.
Shipping companies have been the best performing stocks in Europe since the start of 2024, and were set for their biggest weekly jump in years, as the re-routing of vessels following attacks in the Red Sea boosted freight rates. Shippers have avoided the region as a result of attacks on commercial vessels in the Red Sea since mid-November and analysts at Jefferies say liners controlling more than 85% of global fleet capacity have diverted services utilising the Red Sea mostly around Africa. Danish shipper Maersk, which controls about one-sixth of global container trade, said on Friday its ve...
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