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•BRUSSELS: Eurozone inflation accelerated to another record high in June, official data showed on Friday, as Russia's war in Ukraine drives up energy prices and hammers the...
European stock markets steadied on Friday with traders having expected news of record-high eurozone inflation that reinforced expectations of an ECB interest ra
Stock markets teetered on Friday as the dollar surged higher against the euro and sterling as investors worried about rate hikes and a possible recession.
Eurozone inflation accelerated to another record high in June, official data showed on Friday, as Russia's war in Ukraine drives up energy prices and hammers the European economy. The EU's Eurostat data agency said the increase in consumer prices in the 19 countries that use the euro reached 8.6 percent in June, leaping from the previous record of 8.1 percent a month earlier.
Experts at the Centre for Economics and Business Research predicted there will be an 'economic cost' to the country when the absenteeism rate hits 25 per cent.