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Slovakia Economic Sentiment Eases For Sixth Month

Slovakia’s economic sentiment weakened for a sixth straight month in October, amid significant deterioration in industrial confidence, survey data from the Statistical Office of the Slovak Republic showed on Monday. The economic sentiment indicator fell to 98 from 98.5 in September. The reading has dropped steadily since May. The industrial confidence index decreased sharply to…

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Italy's Producer Price Inflation Accelerates In September

Italy’s producer price inflation accelerated in September, data from the statistical office Istat showed Monday. Producer prices advanced 4.7 percent year-on-year, faster than the 4.4 percent increase seen in August. Prices in domestic market grew 5.6 percent and that in non-domestic market gained 2 percent in September. Monthly producer price inflation held steady at 0.4…

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Gold Dips As Dollar Holds Near 10-week High

Gold prices dipped slightly on Monday as the dollar rose against a basket of currencies amid diminishing risk appetite globally on worries over corporate earnings, geopolitical uncertainty and slowing global growth. Spot gold was down 0.18 percent at $1,230.32 an ounce after hitting as high as $1,243.32 on Friday, the highest level since July 17.…

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Oil Prices Fall As Demand Concerns Weigh

Oil prices dipped on Monday in cautious trade after Chinese stock markets succumbed to heavy selling pressure once again on concerns over the slowing economy. Rising political risks in Germany, Italy and the United Kingdom also weighed on the commodity. Global benchmark Brent crude oil for December delivery dropped 0.58 percent to $77.17 a barrel,…

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UK Mortgage Approvals Decline In September

The UK mortgage approvals declined in September, figures from Bank of England showed Monday. The number of housing loan approvals fell to 65,269 in September from 66,101 in August. Nonetheless, this was above the expected level was 64,700. Lending secured on dwelling rose at a faster pace of GBP 3.9 billion, following August’s GBP 3.1…

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Euro Falls Against Majors

The euro slipped against its major counterparts in early European deals on Monday. The euro dropped to 0.8869 against the pound, 127.25 against the yen and 1.1361 against the greenback, from its early highs of 0.8893, 127.77 and 1.1413, respectively. The single currency declined to near a 4-week low of 1.6029 against the aussie, from…

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Belgium Economic Growth Improves In Q3

Belgium’s economic growth modestly improved in the third quarter, flash estimates from the National Bank of Belgium showed on Monday. Gross domestic product grew 0.4 percent from the second quarter, when the economy expanded 0.3 percent. The economy grew 0.3 percent in the first three months of the year. On a year-on-year basis, GDP rose…

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Finland Consumer Confidence At 2-year Low

Finland’s consumer confidence weakened for the fifth straight month in October to its lowest level in two years, figures from Statistics Finland showed Monday. The consumer confidence index dropped to 16.8 in October from 20.2 in September. The reading was the lowest since October 2016, when the score was 15.8. Nonetheless, the latest reading was…