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Euro zone inflation slows to less than 2%, economists say it's only temporary.
The cooling of eurozone inflation in June is expected to temporarily allay fears that the reopening of the eurozone economy will push up prices, but economists expect inflationary pressures to accelerate again in the second half of the year. Consumer prices rose 1.9 per cent from a year earlier, down from a more than two-year high of 2 per cent in May. Core inflation, which is less volatile and excludes food and energy, slowed to 0.9 per cent. Europe's recovery is accelerating as fewer infections allow shops and restaurants to reopen and summer travel begins. However, as companies have to cope with supply shortages, some sectors are increasingly worried that the sharp rise in prices will become entrenched. Bloomberg economy
Inflation and variant virus may prevent European stocks from achieving their best performance in 23 years in the first half of the year.
Original title: [European Express] inflation and variant virus may block European stocks' best performance in 23 years in the first half of the year: FX168 fell back on Wednesday on concerns about a coronavirus pandemic and inflation, but overall performed well in the first half of the year. As of this release (18:20 Beijing time), the UK's FTSE 100th index, France's CAC index and Germany's DAX index fell by 0.65%, 0.94% and 1.04%, respectively. The pan-European Stoxx 600 index fell 0.9% in early trading, led by a 2.4% drop in auto stocks, all sectors.
Intel CEO says the chip shortage will be at its worst in the second half of the year.
Intel CEO Pat Gelsinger predicts that the shortage of semiconductors, which widely affects many industries such as automobiles and consumer electronics, will reach its worst in the second half of this year and then begin to improve. "I don't expect the chip industry to return to healthy supply and demand until 2023," he said in an interview. "for many industries, I think it could get worse before it gets better." Chip is the core component of all modern electronic products. As the economy rebounded from the epidemic, there was a huge demand for chips. Gelsinger said that the epidemic prevention blockade and the global
Us 10-year Treasury yields are on track for the biggest weekly rise since March
The yield on the benchmark 10-year Treasury note is on track for its biggest weekly rise since March as reflation has regained its appeal after President Joe Biden and members of Congress finalised a $579 billion bipartisan infrastructure deal. The yield rose as much as 5 basis points to above 1.54 per cent in trading in New York on Friday and rose 10 basis points throughout the week. Other drivers include a sharper fall in European government bonds triggered by supply and the need to sell US Treasuries to hedge the corporate bond issuance schedule next week. The yield curve of US Treasuries is steepening, continuing from the strong trend after the Federal Reserve meeting on June 16.
Tesla Musk responded to the price increase: mainly due to supply chain pressure and raw material costs
Tesla (TSLA.US) CEO Elon Musk responded on Twitter on Monday that the price rise of Tesla Model Y is mainly due to supply chain pressure and raw material costs throughout the industry. Earlier, a car owner said on Musk's Twitter that Tesla had removed the waist support configuration of Model Y while raising the price of the car. In May, Tesla raised the prices of Model 3 and Model Y, the fifth time Tesla has raised the price of his car in just a few months, Electrek reported. On the earnings conference call in April this year, Ma
大选前夜五大科技巨头财报扎堆:亚马逊继续强势 苹果同比滑坡
本周是美国大选前的最后一周,美国五大科技公司都计划于本周公布截至9月底的季度财报。其中,亚马逊、Alphabet、苹果和Facebook都将在北京时间周五凌晨公布财报。Twitter的安排也是如此。 与此同时,本周科技行业还将迎来一些重要事件。周三,TwitterCEO杰克·多西、FacebookCEO马克·扎克伯格和Alphabet CEO桑达尔·皮查伊将出席美国国会参议院的听证会,这场听证会将
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