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...The curbs were due to expire at the end of March but will continue until the end of June, according to Saudi Arabia’s state news agency....
...Consumer prices in Germany rose 2.3 per cent in the year to March, slowing from 2.7 per cent a month earlier to reach the lowest level since June 2021....
...Macklem said rising oil prices and stubbornly high shelter costs — partially a product of higher borrowing costs — presented upside risks to inflation....
...Shares in Mobico fell over 5 per cent after the UK-based transport group said chief financial officer James Stamp would stand down by June after accounting issues affecting its train business in Germany...
...Traders in swaps markets moved to price a 72 per cent probability that the Bank of England will deliver its first quarter-point rate cut by June, up from a 40 per cent chance before official figures on Wednesday...
...The December CPI reading indicated the slowest pace of inflation since June of 2022 as a decline in imported raw material costs and government subsidies for rising energy costs pushed down price growth....
...june.yoon@ft.com...
...ahead of inflation data from other EU countries later this week and eurozone numbers next week, could unsettle investors who are betting that the European Central Bank will start cutting interest rates in June...
...aided by a significant increase in promotional spending by retailers, with items bought on offer making up 29.3 per cent of supermarket sales in April — the largest share outside the Christmas period since June...
...There are still doubts over how strong a signal the ECB will send about a likely June rate cut....
...Consumer prices in Germany rose 2.3 per cent in the year to March, down from 2.7 per cent a month earlier, taking inflation in Europe’s largest economy to the lowest level since June 2021, according to data...
...Ofgem, Britain’s energy regulator, has set the price cap for the April to June period at £1,690 per year for a typical household, down from £1,928 currently....
...German consumer price inflation slowed to 2.2 per cent in March, its lowest annual rate since June 2021, and the government now expects it to average 2.4 per cent over the whole of 2024, down from 5.9 per...
...Exchange and regulatory data suggested hedge fund positioning had exacerbated the near 30 per cent move higher in prices since June, with a surge in buying accelerating in the past two weeks for both Brent...
...The price of gold has surged to a record high, driven by growing expectations of US interest rate cuts, investors hunting for haven assets and months of prodigious buying by central banks and Chinese investors...
...“With a still tight labour market and subdued productivity, domestic price pressures could keep inflation near or above 2 per cent,” she said....
...But he predicted the “stickiness of services prices will make the ECB wait for further evidence of easing wage growth before starting the easing cycle” in June....
...Prices had fallen earlier in the week following data showing US oil inventories were at their highest level since June, indicating markets would be amply supplied in the event of an escalation....
...supermarket chain Coles, was next to appear in front of the Senate committee and was able to provide a return on equity figure, which she said was 31 per cent on a net profit of just over A$1bn in the year to June...
...Other prices are far below Eldagsen’s print (up to €7,000)....
...US data a day earlier showed a 3.5 per cent rise in consumer prices for the year to March, compared with expectations of 3.4 per cent....
...Copper — a key barometer of global economic health given its use in everything from buildings to power lines — for delivery in June is $8,832 per tonne, $105 more expensive than the spot price....
...The chances of interest rates being cut for the first time in June are now a bit slimmer.”...
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