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Renju Jaya


✉ editorial@rttnews.com
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Australia's central bank raised its key interest rate by a quarter point again on Tuesday, as widely expected. The policy board of the Reserve Bank of Australia, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 3.10 percent. The board reiterated that it...

ukservice aug03 05dec22 The UK service sector registered a moderate contraction in November as economic uncertainty and the cost of living crisis dampened discretionary spending, which in turn hurt demand, final survey data from S&P Global showed on Monday. Elsewhere, the Confederation of British Industry cautioned that the UK will see a lost decade if no action is taken. With rocketing inflation and negative growth, Br

eurozoneflag july24 05dec22 Separate data release on Monday painted a mixed picture for the euro area, but economists continued to assess that the single currency bloc is sliding into recession, as the European Central Bank prepares for another interest rate hike next week. The purchasing managers' survey by S&P Global showed that downturn in the euro area private sector extended for a fifth month in a row in November.

Eurozone retail sales logged its biggest decline so far this year in October on weaker food and non-food products turnover as record inflation squeezed consumer spending, data published by Eurostat showed on Monday. Retail sales slid 1.8 percent month-on-month in October, in contrast to the 0.8 percent...

Russia's service sector logged back-to-back contractions in November, but the rates of declines in output and new orders softened, survey results from S&P Global showed on Monday. The services Purchasing Managers' Index rose notably to 48.3 in November from 43.7 in the previous month. Although...

preview3 05dec22 Retail sales and final Purchasing Managers' survey results from the euro area are the top economic data due on Monday, headlining a busy day for the European economic news. At 3.00 am ET, retail sales from Hungary and real wages from the Czech Republic are due.

Eurozone producer price inflation slowed for the second consecutive month in October reflecting a notable reduction in energy price growth, Eurostat reported Friday. Producer prices registered an annual increase of 30.8 percent after a 41.9 percent rise in September. Although inflation eased for a...

germanytrade1 dec09 02dec22 Germany's exports declined for the second month in a row, as the global demand continued to be damped by high inflation and supply chain disruptions, and the biggest euro area economy is near recession. Yet, the trade surplus increased notably due to the sharp decrease in imports. Shipments logged a monthly drop of 0.6 percent, following September's 0.7 percent decrease.

Spain unemployment declined sharply in November despite deteriorating economic conditions, figures from the labor ministry showed on Friday. The number of unemployed decreased 33,512 to 2.88 million, the lowest for the month of November since 2007. By economic sectors, registered unemployment in...

preview nov05 02dec22 Foreign trade from Germany and industrial production from France are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's foreign trade and import price figures for October. Exports are forecast to fall 0.3 percent on month, slower than the 0.5 percent decrease in September.

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