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Spain's Inflation Eases To 7-Month Low

Spain’s inflation eased to a 7-month low in June, flash data from the statistical office INE showed Thursday. Consumer prices advanced 1.5 percent year-on-year in June, slower than the 1.9 percent increase seen in May. This was the weakest growth since November 2016 and below the expected rate of 1.6 percent. Inflation, based on the ...

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U.S. Pending Home Sales Unexpectedly Drop 0.8% In May

Pending home sales in the U.S. unexpectedly decreased for the third consecutive month in May, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index fell by 0.8 percent to 108.5 in May from a downwardly revised 109.4 in April. ...

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Pound Spikes Up After BoE Carney Hints At Stimulus Removal

The pound strengthened against its major counterparts in the New York session on Wednesday, after the Bank of England Governor Mark Carney suggested that the bank could tighten monetary policy soon as spare capacity erodes, and to contain inflationary pressures. “Some removal of monetary stimulus is likely to become necessary ...

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