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...New orders for services companies rose at the fastest pace since May 2023, but manufacturers indicated that their continuous two-year decline in demand only worsened in April....
...German house prices fell at the fastest annual pace in 60 years in 2023, according to data released on Thursday, but the decline seemed to stabilise in the fourth quarter, raising hopes of a potential rebound...
...Goods prices rose 1.1 per cent, the slowest pace since 2021....
...Belgian designer and artist Martin Margiela is no stranger to experimentation....
...Cipollone said the pace of rate cuts should be “calibrated” by the speed with which inflation was falling towards its target and it could opt for a “faster pace” if this happened quicker than forecast....
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...Companies continued to add jobs for a third consecutive month, albeit at “only a very modest pace”, S&P said....
...However, rate-setters worry that rapid wage growth is still pushing up prices in the labour-intensive services sector, where inflation slowed only slightly to an annual pace of 3.9 per cent in February....
...While investors are convinced the ECB will start cutting its benchmark deposit rate from its record high level of 4 per cent in June, there is more doubt over the pace and total amount of policy loosening...
...US new home sales: Economists have forecast that sales of new homes in the US increased in March to an annualised pace of 670,000 units, up from 662,000 in February....
...Martin Arnold Did US hiring slow in March? US employers’ pace of hiring is expected to have slowed in March but it is not likely to persuade the Federal Reserve to cut interest rates early....
...Inflation in the eurozone has fallen more than expected to 2.4 per cent in November, the slowest annual pace since July 2021, providing some relief to consumers and raising hopes that interest rates could...
...But there were signs of a shallower downturn in France, where orders fell at the slowest pace since last May, and the rest of the eurozone continued to achieve modest growth....
...Film critic Danny Leigh gives his verdict on Philip Martin’s film. Additional contributions from Tee Zhuo and Benjamin Wilhelm...
...In comments aimed at damping market expectations of an interest-rate cut in March, Luis de Guindos said in a speech in Madrid on Wednesday that the rapid pace of disinflation seen last year was likely to...
...Separate data published by Germany’s federal statistical office showed the drop in the number of building permits for apartments also gathered pace in November, falling 10 per cent from the previous month...
...“The financing gap continued to widen at a moderate pace,” it said....
...If anything, YCC worked better than plain QE in the sense that the BoJ ended up having to buy bonds at a significantly slower pace to achieve its desired monetary policy stance....
...In response, some ECB governing council members have started to express their views on the pace of rate cuts....
...The main one is rapid growth in services prices, which make up 45 per cent of the basket used to calculate eurozone inflation and rose at an uncomfortably high annual pace of 4 per cent for the fifth month...
...But there were signs of a shallower downturn in France, where orders fell at the slowest pace since last May, while the rest of the eurozone continued to achieve modest growth....
...Martin Arnold How is US economic growth holding up? The US economy is expected to have expanded at a slower pace in the fourth quarter as high interest rates bite into business investment....
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