Australian Retail Sales Jump in May, Fanning RBA Hike Expectations

Australian retail sales growth was twice as strong as strong as expected by economists in May, adding fuel to arguments that the Reserve Bank of Australia could raise interest rates as early as August.

WSJ22:02 ET

Discounts, Sales Events Boost Australian Retail Sales in May

Australia's retail sales in May were boosted by shoppers taking advantage of early end-of-financial-year promotions and sales events.

MT Newswires21:58 ET

Eurozone Inflation Eases But ECB Likely To Keep Interest Rates On Hold: MIDF Research Finds

Consumer prices slip to 2.5% but core rate stays high, prompting little belief in further cuts in borrowing costs, news reports cited recently MIDF Research said the ECB will keep its interest rate status quo for Jul-24 policy rate.

Business Today21:54 ET

Lagarde: High inflation in the Eurozone is not all due to the "Taylor Swift Effect".

Christine Lagarde, president of the European Central Bank, said on Tuesday that Taylor Swift's "Reputation" tour is not the only factor driving high inflation in the eurozone. Despite the service industry inflation remaining high last month at the G20, it cannot be solely attributed to the stimulating effect of the "Haylor" concert on consumer spending. Lagarde said in an interview, "You know, this is not just about Taylor Swift. Others have come too." Lagarde was responding to questions about whether Swift's tour had pushed up service industry inflation.

環球市場播報20:02 ET

Australia's Business Activity Growth Moderates in June

The Composite Output Index, which combines the manufacturing and services sectors, fell to 50.7 in June from 52.1 in May.

MT Newswires20:02 ET

Australia's Services PMI Posts Further Decline in June

The rate of expansion in Australia's services industry activity eased in June in line with a broad slowing in the economy, with input price inflation falling to its lowest level in 33 months.

WSJ19:30 ET