Feb 01 2017
Annual inflation for the eurozone is expected to be 1.8% for January, up from 1.1% in December past year, according to the flash estimate from Eurostat.
Meanwhile, the eurozone inflation rate spiked to 1.8 percent in January, Eurostat also unveiled, a big leap from 1.1 percent a month earlier, and leaving it just shy of ECB's medium-term target of close to 2 percent.
Meanwhile, unemployment in the eurozone fell to 9.6 per cent, against expectations of 9.8 per cent and down nearly a whole percentage point from last year's 10.5 per cent.
Eurostat statistics show eurozone economic growth accelerated at the end of 2016, up by 1.8 percent in the fourth quarter from a year earlier.
Jan Randolph, Head of Sovereign Risk at IHS Markit, said in an email Monday that some investors have taken higher inflation in Germany as an excuse to shift out of bonds into equity.
Germany's job market has remained as strong as ever with the jobless rate down to 5.9 percent.
Prominent German economists and politicians are blunt in their warnings that monetary stimulus is going too far, even with inflation primarily driven by energy costs that the European Central Bank can't control. Although it was slightly down from the previous year's two per cent, the figure beat forecasts of 1.6 per cent.
The sharper rise was mostly driven by the energy sector (which inflated by 8.1% in January compared with 2.6% in December), and food and tobacco prices.
While here at home, the seasonally adjusted unemployment rate for January was 7.1%, down from 7.2% in December 2016.
The lowest level was reported for Germany - 3.9%, while Greece registered unemployment of 23%. Ewald Nowotny said on Monday that while developments in Germany are monitored, monetary policy can not cater to just one country, reasoning that the ECB's Governing Council won't make a decision on the future of QE until after the summer. Clothing chain H&M advanced 5.5% in Stockholm after posting an unexpected increase in pre-tax profit for the fourth quarter of past year and setting a new target for local-currency sales to increase at a pace of 10% to 15% annually, Reuters reported. Also, youth unemployment remains strikingly high in Italy (40.1%) and Spain (42.9%). He said this, combined with steady growth figures, was likely to increase pressure on the bank to return to normalised monetary policy for the region.
Feb 01 2017
Korea agree to strengthen defense against N. Korean threat
The two allies previous year announced the plan to deploy the Terminal High Altitude Area Defense (THAAD) system to South Korea. US President Donald Trump has reiterated the country's ironclad commitment to defend South Korea, the White House said.
Jan 31 2017
At State Department, 'Dissent Channel' In High Gear With Refugee Ban Protests
Once a memo is filed in the State Department's dissent channel , staff must acknowledge they have received it within two days. But many in the State Department want to be on record expressing their disagreement with the Trump White House's actions.
Jan 30 2017
Spurs Advance After Seven-Goal Thriller
"To be honest, they were much better than us in the first half, full credit to them", conceded Mauricio . Maybe they were lucky with a few extra seconds added, that was about it'.
Jan 29 2017
Mobius Final Fantasy Getting Steam Release, Final Fantasy VII Collaboration Annouced
Shortly after Mobius comes out on PC, the Final Fantasy 7 Remake collaboration event that ran in Japan launches on these shores. Commenting on the crossover, Hamaguchi said that players of Final Fantasy 7 Remake will be joining Cloud on his adventures.
Jan 29 2017
Turkey may cancel Greece migration deal in extradition row
The officials say they are victims of the purges triggered by the Turkish Government following the coup attempt on July 15th. The Turkish justice ministry has made a new extradition request, according to Turkey's state-run news agency Anadolu.
Jan 28 2017
Take a Look at the First Photo of the Samsung Galaxy S8
Also, the report tips that the Samsung Galaxy S8 will have an iris recognition feature that was earlier seen in the Galaxy Note 7. Of course, resolution is just a part of the equation, and we don't know if Samsung is making other improvements to the hardware.
Jan 26 2017
Minnesota governor collapses during state of state address
Mike Mancak the video of Dayton to help us determine when a fall is simply a faint spell or something more like a stroke. Dayton was on the floor for several minutes before walking out of the chamber assisted. "He quickly recovered, walked".
Jan 26 2017
Donald Trump Announces Plans To Build Mexico Border Wall
Wednesday's orders do not address refugee admissions or visa policy, as media previously reported citing unnamed insider sources. Some estimates suggest that the cost of the wall will be between $15 billion and $ 25 billion .
Jan 26 2017
Red panda missing from Norfolk's Virginia Zoo
Sunny has lived at the zoo since arriving the Smithsonian's Conservation Biology Institute in Front Royal in May 2016. The Virginia Zoo is pulling out all the stops to find Sunny, who's gotten global attention with her great escape.
Jan 26 2017
1984 tops Amazon's charts as Trump continues to lie
Her interview was widely criticized and she was sub-tweeted by Merriam-Webster dictionary with a definition of the word fact. Since Conway's appearance on " Meet the Press ", social media users were quick to draw comparisons.
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