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Euro zone inflation rises again, reinforcing case for ECB hike

Euro zone inflation rises again, reinforcing case for ECB hike

FRANKFURT, June 2 (Reuters) - Euro zone inflation accelerated further last month on higher energy and services costs, bolstering the already strong case for a small European Central Bank interest rate hike later this month, Eurostat data showed on Tuesday.
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Factbox-Key ECB policymaker quotes in run-up to June 11 policy meeting

Factbox-Key ECB policymaker quotes in run-up to June 11 policy meeting

FRANKFURT, June 2 (Reuters) - The following are key quotes from European Central Bank policymakers in the run-up to the June 11 policy meeting. Financial markets have fully priced in a rate hike by July at the latest, while economists polled by Reuters see a move in June.
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Trading Day: New high? Still a buy

Trading Day: New high? Still a buy

By Jamie McGeever ORLANDO, Florida, June 2 (Reuters) - World stocks rose to fresh peaks again on Tuesday as no major change in U.S.-Iran tensions, together with a general calm across currency and bond markets, encouraged investors to keep buying.
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Analysis-Euro zone firms struggle to raise prices despite Iran war shock

Analysis-Euro zone firms struggle to raise prices despite Iran war shock

By Francesco Canepa and Rob Lang FRANKFURT, June 2 (Reuters) - Only a third of the euro zone's largest companies have indicated they are raising prices in response to the Iran war, a Reuters analysis of listed corporate earnings commentary shows, suggesting a weak economy is curbing their pricing
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European stocks dip on Mideast tensions, private market jitters

European stocks dip on Mideast tensions, private market jitters

By Johann M Cherian and Utkarsh Hathi June 3 (Reuters) - European shares slipped on Wednesday as renewed Middle East hostilities and signs of strain in private markets spooked investors, while Zara owner Inditex gained after reporting a strong start to the summer.
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Bank of England's Bailey says public must be given confidence in 2% inflation target

Bank of England's Bailey says public must be given confidence in 2% inflation target

By David Milliken and Suban Abdulla LONDON, June 2 (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday it was important to get UK inflation back to target and give households confidence about the central bank's ability to do so.
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Euro zone business wilts in May as war-driven inflation surges, pointing to Q2 GDP contraction

Euro zone business wilts in May as war-driven inflation surges, pointing to Q2 GDP contraction

LONDON, June 3 (Reuters) - Euro zone private sector activity shrank at the fastest rate in 18 months in May as waning demand for goods and services — a key gauge of economic health — dragged output lower for a second month while cost pressures hit their highest level in more than three years, a
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Israel rates may fall faster if Iran ceasefire lowers inflation, cenbank chief says

Israel rates may fall faster if Iran ceasefire lowers inflation, cenbank chief says

By Steven Scheer JERUSALEM, June 2 (Reuters) - Israel's short-term interest rates could fall at a faster pace if inflation continues to ease as a result of increased optimism over a ceasefire deal with Iran that has pushed down energy prices, Bank of Israel Governor Amir Yaron said on Tuesday.
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Euro zone factory growth slowed in May as input costs hit four-year high, PMI shows

Euro zone factory growth slowed in May as input costs hit four-year high, PMI shows

LONDON, June 1 (Reuters) - Growth in euro zone manufacturing lost momentum in May as demand for goods stagnated and supply-chain disruptions linked to the Middle East war pushed input costs to their highest in four years, a survey showed on Monday.
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Euro zone consumers take benign view on inflation surge, ECB survey shows

Euro zone consumers take benign view on inflation surge, ECB survey shows

FRANKFURT, June 1 (Reuters) - Euro zone consumers kept steady or lowered their inflation expectations in April, a hopeful sign for policymakers that crucial medium-term price bets are not signalling any oversized shift away from the target, an ECB survey showed on Monday.
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Factories face soaring costs as Iran war causes supply shocks

Factories face soaring costs as Iran war causes supply shocks

By Jonathan Cable and Leika Kihara LONDON/TOKYO, June 1 (Reuters) - The economic shock from the Iran war hit European factories last month, suppressing demand for their goods and pushing up raw material costs at the fastest rate in four years, although their Asian peers saw activity expand due to
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Dollar steadies as markets await signals on Iran war, central banks

Dollar steadies as markets await signals on Iran war, central banks

By Rocky Swift TOKYO, June 1 (Reuters) - The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes.