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US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Xi Jinping says China’s exports are helping ease global inflation: Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’
ft.com/content/7cc89622-66a7-4b1c-9b2e-138f121a4731
Basic tax-free allowance: 244,000 pensioners do not have to pay taxes: The basic tax-free allowance was increased at the turn of the year to compensate for ...
zdf.de/nachrichten/wirtschaft/rentner-deutschland-steuern-grundfreibetrag-100.html
International Monetary Fund: Germany in last place among industrialized nations (again)
spiegel.de/wirtschaft/unternehmen/internationaler-waehrungsfonds-senkt-erneut-wachstumsprognose-fuer-deutschland-a-49d8a54b-1dbe-4406-a72b-604e1115b2b4
What the key interest rates mean for savers: Inflation is falling - the ECB is heading for a possible first interest rate cut. Consumers could already be feeling ...
zdf.de/nachrichten/wirtschaft/ezb-leitzinsen-banken-sparer-kredite-100.html
Concern for Bank of England as real earnings growth at highest rate since 2021: While the wage figures are good news for households on the face of it ...
news.sky.com/story/real-earnings-growth-at-its-highest-rate-in-nearly-two-and-a-half-years-13116319
Quick Glance: Rising Real Earnings Growth Raises Concerns at Bank of England
- An unexpectedly weaker decline in the pace of wage increases has led to real earnings growth reaching its highest level in nearly two and a half years when considering inflation, according to the latest official data.
- Recent official figures indicate that average regular pay without bonuses was at 6% in the three months to February compared to the previous year.
- The broader ONS statistics revealed an increase in the UK's unemployment rate from 3.9% to 4.2%, with caution due to ongoing efforts to enhance the reliability of employment data.
- The forthcoming inflation data expected on Wednesday is likely to demonstrate further progress towards the Bank's objectives and the potential for a decrease from the current 5.25% interest rate.
ECB's Lagarde hints it is too early to review inflation target: European Central Bank President Christine Lagarde hinted on Wednesday that it was too early for ...
reuters.com/markets/europe/ecbs-lagarde-hints-it-is-too-early-review-inflation-target-2024-04-17/
Inflation is down again – but don’t expect interest rates to follow suit: The Consumer Prices Index (CPI) did fall in March, from 3.4 per cent to 3.2 per cent ...
spectator.co.uk/article/inflation-is-down-again-but-dont-expect-interest-rates-to-follow-suit/
Neil Shearing: What You Might Be Missing About the Current Economy: A global economist weighs in on inflation, upcoming elections, and deglobalization.
morningstar.com/personal-finance/neil-shearing-what-consensus-is-missing-about-current-economy
BOE may cut rates before the Fed as UK inflation creeps closer to 3%: Bank of England governor struck a different tone Tuesday, noting a ‘divergence’ between the ...
businesspost.ie/news/boe-may-cut-rates-before-the-fed-as-uk-inflation-creeps-closer-to-3/
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Lindner Says Germany Should Avoid Copying US IRA as It Doesn’t Reduce Inflation: German Finance Minister Christian Lindner warned his coalition partners against ...
bloomberg.com/news/articles/2024-04-17/german-finance-chief-lectures-us-on-spending-at-washington-event
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Dr. Martens stock plunges after dour US revenue outlook : Chunky bootmaker Dr. Martens is warning of a tough year ahead. Dr. Martens shares plunged more than 30% ...
apnews.com/article/dr-martens-stock-revenue-decline-ceo-be84f545f5dbfdf623cba59c5abfea2b
Quick Glance: Dr. Martens: Issues with Chinese Competition
- Weak demand and cheap Chinese competitors impact Dr. Martens.
- Gloomy outlook for 2025 due to weak US demand.
- Lawsuit against Chinese providers Temu and Shein for trademark violations.
- Fashion industry under severe pressure from Chinese competition.
LVMH sales growth slips on luxury spending slowdown: LVMH's sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its ...
reuters.com/business/retail-consumer/lvmhs-first-quarter-sales-growth-slips-3-luxury-slowdown-2024-04-16/
Monetary policy in times of crisis: On the roller coaster: Since the financial crisis, central banks have faced new challenges. Their mandates are under ...
faz.net/aktuell/wirtschaft/geldpolitik-in-krisenzeiten-auf-der-achterbahn-19656793.html
ECB’s Vasle Sees Limit to How Far Lagarde’s ECB Can Diverge From Powell and Fed: The European Central Bank can’t fully disregard inflation dynamics and monetary ...
bloomberg.com/news/articles/2024-04-18/ecb-s-vasle-sees-limit-to-how-far-lagarde-s-ecb-can-diverge-from-powell-and-fed
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Cheapest place to buy olive oil as supermarket prices hit £15: UK shoppers have been left unimpressed by the rising cost of an essential kitchen cupboard item in ...
walesonline.co.uk/news/cost-of-living/buy-cheapest-olive-oil-prices-29005877
Central Bankers Should Retire the 2% Inflation Target: With the energy shock now a memory, central bankers require more flexible objectives.
bloomberg.com/opinion/articles/2024-04-17/central-bankers-should-retire-the-2-inflation-target
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You can buy a Cadbury Freddo for 10p - for first time in 19 years: Sainsbury's has announced that Nectar customers will be able to buy a Dairy Milk Freddo ...
metro.co.uk/2024/04/16/buy-cadbury-freddo-10p-supermarket-20656164/
Japan's weak currency: The fall in the yen is making many nervous: Despite the change in monetary policy, the Japanese currency continues to lose value ...
faz.net/aktuell/finanzen/japans-schwache-waehrung-der-yen-verfall-macht-viele-nervoes-19657909.html
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Investors should expect ‘new normal’ once interest rates drop, BMO head says: CEO Darryl White tells shareholders BMO’s U.S. segment has posted income of more ...
theglobeandmail.com/business/article-investors-should-expect-new-normal-once-interest-rates-drop-bmo-head/
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ECB’s Cipollone Sees Policy Easing If Inflation Trend Persists: The European Central Bank may be able to loosen its monetary-policy stance if the slowdown in ...
bloomberg.com/news/articles/2024-04-17/ecb-s-cipollone-sees-policy-easing-if-inflation-trend-persists
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Current disinflation is ‘necessarily bumpy’ - Philip Lane : The chief economist at the European Central Bank told an event in Dublin that he was confident ...
businesspost.ie/news/current-disinflation-is-necessarily-bumpy-philip-lane/
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BOE Official Warns of ‘Bumpy’ Last Mile in Inflation Fight: Bank of England policy maker Megan Greene said developed economies including the UK face a “bumpy ...
bloomberg.com/news/articles/2024-04-17/boe-official-warns-of-bumpy-last-mile-in-inflation-fight
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Is inflation coming back? Gasoline price rises: It's not just at the gas station that consumers feel price increases for geopolitical risks ...
faz.net/aktuell/finanzen/kommt-die-inflation-zurueck-benzinpreis-steigt-19657584.html
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London Rents Rise as Croydon, Greenwich, Harrow Drive Record Increase: London’s long-overlooked outer boroughs helped to drive the pace of rental inflation in ...
bloomberg.com/news/articles/2024-04-17/london-s-overlooked-outer-boroughs-help-drive-record-rent-rise
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Over 200 restaurants have closed this year costing the economy €288m: Restaurants Association of Ireland says 212 restaurants, cafés, and other food-led ...
irishexaminer.com/business/companies/arid-41374915.html
4.1 percent: Inflation remains well above the ECB target in March: Especially electricity According to Statistics Austria, fuel prices are currently driving up ...
diepresse.com/18375959/41-prozent-inflation-bleibt-im-maerz-deutlich-ueber-ezb-ziel
UK Inflation: Traders Favor Just One BOE Rate Cut in 2024 After Hot Data: Money markets rushed to trim wagers on the extent of monetary easing by the Bank of ...
bloomberg.com/news/articles/2024-04-17/traders-favor-just-one-boe-cut-in-2024-after-hot-inflation-data
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The dollar would survive Trump turning currency warrior: The greenback’s global role has endured shocks from without and within
ft.com/content/049ce80f-adca-41b7-ba66-f04db6fb1a4f
NRW: Price madness on the Tchibo shelf - How is THAT possible?: Coffee prices at Tchibo have skyrocketed. But in a very specific area near North Rhine-Westphalia ...
derwesten.de/region/nrw-tchibo-kaffee-teuer-rothenbach-id300926219.html
Baden-Württemberg - Where does the money live? Distribution of wealth in the country
stuttgarter-nachrichten.de/inhalt.baden-wuerttemberg-wo-wohnt-das-geld-vermoegensverteilung-im-laendle.74187e4a-2fe9-4752-a0d8-8ab559060ff3.html
Bundesbank warns: price pressure could last longer: The sharply rising wages could drive up prices, especially for services, warns Bundesbank boss Joachim Nagel ...
wiwo.de/politik/deutschland/geldpolitik-bundesbank-warnt-preisdruck-koennte-laenger-anhalten/29760014.html
ECB June rate cut looks increasingly likely — but there are 'still some caveats,' German central bank chief says
cnbc.com/2024/04/17/ecb-june-rate-cut-looks-increasingly-likely-but-still-caveats-joachim-nagel.html
Isabel Schnabel says European Central Bank could benefit from Fed-style ‘dot plot’
ft.com/content/b90f22de-9174-49f4-b0c8-27361ee189c9
EU set to fine Oreo-maker Mondelez for blocking cross-border sales: Probe finds snack maker tried to prevent products moving between countries so consumers could ...
ft.com/content/d2abf5ca-4e54-4450-b8ed-1d9e239289f8
UBS Predicts Potential Fed Rate Hike to 6.5%: Amid robust economic growth and persistent inflation in the US, strategists at UBS spotlight a possible shift in ...
riotimesonline.com/ubs-predicts-potential-fed-rate-hike-to-6-5/
BOE May Be Able to Cut Interest Rates Before Fed, Andrew Bailey Suggests: Bank of England Governor Andrew Bailey hinted that the UK might be able to lower ...
bloomberg.com/news/articles/2024-04-16/bailey-hints-boe-might-be-able-to-cut-rates-before-fed-in-us
Minimum unit pricing: Here's how much beer, wine and spirits could cost in Scotland if cost increase agreed
scotsman.com/news/scotland/alcohol-prices-minimum-unit-pricing-scotland-4594809
Swiss luxury chalet market runs out of steam: Luxury chalet prices are expected to fall in Switzerland, but demand remains strong.
swissinfo.ch/eng/banking-fintech/swiss-luxury-chalet-market-runs-out-of-steam/75897163
What do European fund managers think about growth, inflation and stock markets?: Optimism among European fund managers surged in April due to rising economic ...
euronews.com/business/2024/04/17/what-do-european-fund-managers-think-about-growth-inflation-and-stock-market
The TLT May Drop Further Amid Higher Inflation And Term Premiums: iShares 20-Year Treasury ETF is expected to decline further as economic data and inflation ...
seekingalpha.com/article/4684045-the-tlt-may-drop-further-amid-higher-inflation-and-term-premiums
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ECB's confidence in fight against inflation growing, Villeroy says: The European Central Bank (ECB) is increasingly confident that it is winning the fight ...
reuters.com/markets/europe/ecbs-confidence-fight-against-inflation-growing-villeroy-says-2024-04-13/
Middle East tensions pose the biggest threat to rate cuts, European Central Bank policymaker says
cnbc.com/2024/04/17/middle-east-tensions-pose-the-biggest-threat-to-european-central-bank-rate-cuts-policymaker-says.html
L.A. renters struggling and feeling pessimistic, survey finds: An annual survey from UCLA’s Luskin School of Public Affairs found renters under strain from the ...
latimes.com/california/story/2024-04-17/renters-across-la-are-struggling-and-feeling-pessimistic-survey-finds
UK Jobs and Pay Data Poses a Dilemma for the Bank of England: Sticky wages and falling vacancies don’t make the Bank of England’s life any easier.
bloomberg.com/news/newsletters/2024-04-16/uk-jobs-and-pay-data-poses-a-dilemma-for-the-bank-of-england
Moderate price increases: Inflation in the Eurozone falls to 2.4 percent: The time of drastic price increases for food or energy seems to be over ...
spiegel.de/wirtschaft/inflation-in-der-eurozone-faellt-auf-2-4-prozent-a-6015a26a-7ff8-4e94-bdfc-c8dd9ce02554
Wholesale prices rise in March by 0.53% from a year, shows govt data: Economists polled by Reuters had estimated the index would rise 0.51%. It rose 0 ...
business-standard.com/economy/news/wholesale-prices-rise-in-march-by-0-53-from-a-year-shows-govt-data-124041500267_1.html
Rio Tinto says global economy resilient, inflation easing despite patchy China: Shipments of its key commodity iron ore fell over the past three months as bad ...
smh.com.au/business/companies/rio-tinto-says-global-economy-resilient-inflation-easing-despite-patchy-china-20240417-p5fken.html
TUI: Important brand in danger: The TUI share falls below 7 euros. The positive outlook for the 2023/24 tourism year should be supportive.
deraktionaer.de/artikel/aktien/tui-wichtige-marke-in-gefahr-20355315.html
Dollar's rally supercharged by diverging US rate outlook: A rally in the U.S. dollar is accelerating, as stubborn inflation sows doubts over how aggressively the ...
reuters.com/markets/currencies/dollars-rally-supercharged-by-diverging-us-rate-outlook-2024-04-15/
FTSE 100 flat as inflation data dampens risk appetite: The UK's FTSE 100 was flat on Wednesday as a lesser-than-expected slowdown in Britain's inflation rate ...
reuters.com/world/uk/ftse-100-flat-inflation-data-dampens-risk-appetite-2024-04-17/
Today in Austria: A roundup of the latest news on Wednesday: Austria inflation at 4.1 percent, Austrian Airlines workers threaten strikes ...
thelocal.at/20240417/today-in-austria-a-roundup-of-the-latest-news-on-wednesday-128
Makhlouf Says June ECB Cut Possible If Inflation Trend Persists: The European Central Bank should be able to cut interest rates at its next meeting if the trend ...
bloomberg.com/news/articles/2024-04-16/makhlouf-says-june-ecb-cut-possible-if-inflation-trend-persists
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Rate Chokehold on World Economy Is Set to Loosen Only Slowly: The high tide for global interest rates has passed, but respite for the world economy may be ...
bloomberg.com/news/articles/2024-04-14/rate-chokehold-on-world-economy-is-set-to-loosen-only-slowly
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UK Inflation Stronger Than Expected on Higher Fuel Prices: Get briefed ahead of your morning calls with the latest UK business headlines, key data and market ...
bloomberg.com/news/newsletters/2024-04-17/uk-inflation-stronger-than-expected-on-higher-fuel-prices-lv3ha2jn
BOE may cut rates before the Fed as UK inflation creeps closer to 3%: Bank of England governor struck a different tone Tuesday, noting a ‘divergence’ between the ...
businesspost.ie/news/boe-may-cut-rates-before-the-fed-as-uk-inflation-creeps-closer-to-3/
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ECB’s Rehn Says Geopolitics Pose Biggest Risk to Rate Cuts: Slower inflation has opened the door for the European Central Bank to start lowering interest rates ...
bloomberg.com/news/articles/2024-04-16/ecb-s-rehn-says-geopolitics-pose-biggest-risk-to-rate-cuts
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UK Is Beating US on Inflation Fight And May Cut Rates Sooner: Britain is starting to rein in inflation at a quicker pace than the US, underscoring a divergence ...
bloomberg.com/news/articles/2024-04-15/uk-is-beating-us-on-inflation-fight-and-may-cut-rates-sooner
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Inflation set to fall again – what it means for you and your money: Experts predict Wednesday's figures will show inflation sitting at about 3.1 per cent
inews.co.uk/inews-lifestyle/money/saving-and-banking/inflation-fall-means-you-money-3003802
Ukrainian drone strikes are hurting Russia’s oil industry: The world’s third-largest producer is now an importer of petrol
economist.com/finance-and-economics/2024/04/11/ukrainian-drone-strikes-are-hurting-russias-oil-industry
New Zealand Recession Is the Price of an Inflation Stalwart: New Zealand has a special place in the history of monetary policy. Its never-surrender approach to ...
bloomberg.com/opinion/articles/2024-04-16/new-zealand-recession-is-the-price-of-an-inflation-stalwart
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Poland's Love for Croatia Endures Despite Rising Costs - PolandDaily24.com: As prices rise across the globe, the affection Poles hold for Croatia shows no signs ...
polanddaily24.com/polands-love-for-croatia-endures-despite-rising-costs/lifestyle/40341
Trade Chairwoman Carina Pollhammer: “Consumer mood is back thanks to falling inflation”
vn.at/markt/2024/04/16/handelsobfrau-carina-pollhammer-konsumlaune-ist-dank-sinkender-inflation-zurueck.vn
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UK Is Beating US on Inflation Fight And May Cut Rates Sooner: Get briefed ahead of your morning calls with the latest UK business headlines ...
bloomberg.com/news/newsletters/2024-04-15/can-we-win-the-inflation-race
Easing inflation paves way for softer monetary policy in the Eurozone: As inflation in the Eurozone decelerates to a more manageable rate of 2.4% in March 2023 ...
helsinkitimes.fi/world-int/25123-easing-inflation-paves-way-for-softer-monetary-policy-in-the-eurozone.html
Industry report: Inflation drives sales of pet supplies to their highest level: The German pet industry achieved more sales in 2023 than ever before ...
lebensmittelzeitung.net/handel/nachrichten/branchenbilanz-inflation-treibt-umsaetze-mit-tierbedarf-auf-hoechstwert-177214
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Banco BBVA Argentina: The Trend Is Your Friend: Banco BBVA Argentina has shown decent performance despite the challenging macroeconomic environment in Argentina ...
seekingalpha.com/article/4683990-banco-bbva-argentina-the-trend-is-your-friend
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Hey, Quick Question: Why Are These New Designer Collections So Expensive? : Price hikes are nothing new in the industry, but the latest round is making luxury ...
fashionista.com/2024/04/why-luxury-fashion-collections-are-so-expensive-2024
Quick Glance: Understanding the Surge in Luxury Fashion Prices
- Luxury fashion prices are on the rise due to inflation and higher costs of living, intensifying exclusivity in the industry.
- Brands justify price hikes with quality arguments and a focus on craftsmanship.
- The trend of price increases reflects targeted approach towards high-net-worth individuals, while the secondhand market expands access to luxury fashion.
- Despite criticism over high prices, demand for luxury brands remains strong, with emerging popularity of more affordable luxury brands like Totême and Tibi.
Savers are in for a shock: this is what's coming to call money and fixed-term deposits
boerse-online.de/nachrichten/geldundvorsorge/sparern-droht-schock-das-kommt-jetzt-bei-tagesgeld-und-festgeld-20355314.html
Don't fall for saver interest rates, otherwise you'll be giving away money in the long term
focus.de/finanzen/boerse/rene_will_rendite/die-rene-will-rendite-kolumne-die-verhaengnisvolle-rueckkehr-der-zinsen-fuer-sparer_id_259854953.html
FDP Lindner defends German's debt ceiling as 'inflation break': Germany’s Finance Minister Christian Lindner has defended the country’s constitutional ‘debt ...
dlvr.it/T5ZP6Q
Lower interest rates, more buyers: real estate prices are rising again: There are increasing signs of a revival in the real estate market. Prices are already ...
spiegel.de/wirtschaft/immobilien-preise-steigen-wieder-niedrigere-zinsen-mehr-kaeufer-a-6c823d72-56f0-4bb8-b8cb-ba48cc75fe26
Comment on inflation: Things are getting more uncomfortable on the stock market: Until now, investors had expected a large number of interest rate cuts ...
faz.net/aktuell/politik/kommentar-zur-inflation-an-der-boerse-wird-es-ungemuetlicher-19650072.html
A new-build apartment in the city of Salzburg costs an average of 722,000 euros: Hardly any available land, high construction costs, higher interest rates and ...
sn.at/salzburg/wirtschaft/euro-schnitt-neubauwohnung-salzburg-156865072
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Criticism of the Chancellor from the business community: “Doom and gloom doesn’t get us anywhere”
schwaebische-post.de/baden-wuerttemberg/wirtschaft-regional/analyse/kanzlerkritik-aus-der-wirtschaft-schwarzmalerei-bringt-uns-nicht-weiter-93012773.html
Others paying too dearly for Bank of England shortcomings: The Ben Bernanke review has reignited the debate over the extent to which the BoE’s failings have ...
heraldscotland.com/opinion/24255225.others-paying-dearly-bank-england-shortcomings/
Ireland GDP: Economy to See Growth on Exports and Investment, Ibec Says: Ireland is set to see growth this year, according to business group Ibec ...
bloomberg.com/news/articles/2024-04-15/ireland-to-see-growth-on-exports-and-investment-ibec-says
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