7 d. ago
Markets climb as defence stocks, euro and pound rally on Europe’s Ukraine peace push – business live
German stock market records biggest gains after Starmer announces ‘coalition of the willing,’ as investors expect big splurge in defence spending Eurozone inflation has dipped, moving closer to the European Central Bank’s 2% target, ahead of a widely expected drop in interest rates at the central bank’s meeting on Thursday.Headline inflation fell from 2.5% to 2.4% in January, while core inflation, which strips out volatile energy and food costs, dropped from 2.7 to 2.6%, Eurostat said this morning.After quite a strong January reading, February eurozone inflation came in soft. Core inflation ticked down after having been stable at 2.7% since September.The weak economic environment seems to trump an increase in reported input costs for the moment. For the European Central Bank, this is a dovish sign as the governing council mulls over how low it should bring rates. Continue reading...
Economics
