Markets

US dollar firms, euro under pressure as energy prices surge

The dollar rallied to a three-month high in early trading in Asia on Wednesday, with investors retreating from the euro as the growing conflict in the Middle East sparked fears of a sustained rise in energy prices. The euro traded down 0.3% at $1.1581, extending losses into a third day after ...

Markets

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January Sees Rise in Industrial Producer Prices in Euro Area and EU

In January 2026, industrial producer prices rose by 0.7% in the euro area and 0.8% in the EU, as reported by Eurostat. This marks a shift from the previous month's decline of 0.3% in the euro area. The increase indicates a potential recovery in industrial

Euro Area Unemployment Rate Drops to 6.1% in January 2026

The euro area recorded a seasonally adjusted unemployment rate of 6.1% in January 2026, showing a slight decrease from 6.2% in December 2025 and 6.3% a year earlier. Similarly, the broader EU unemployment rate fell to 5.8%, down from 5.9% in the previous month and

UK Service Sector Shows Steady Growth Amid Staffing Challenges

The UK service sector experienced a continued increase in business activity during February, buoyed by improving demand. Despite this positive trend, staffing levels fell for the seventeenth consecutive month, reflecting ongoing pressure on margins stemming from elevated business costs. Service providers are struggling to balance growth with expenses, complicating their