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Canadian inflation accelerates in Oct

Bloomberg Canadian inflation accelerated slightly in October on the back of higher costs for cars, but underlying price pressures remained around the central bank’s target. The consumer price index recorded a faster-than-expected annual pace of 2.4 percent during the month, up from 2.2 percent in September, Statistics Canada reported from Ottawa. Core measures of inflation — seen as a better ...

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German business confidence plummets as exports drag

Bloomberg German business sentiment soured further as signs of cooling foreign demand and rising trade tensions continued to drag on growth after a summer economic contraction. The Ifo institute’s gauge of corporate confidence in Europe’s largest economy fell to 102 in November from 102.8 in October. That’s the third straight decline and is likely to add to concerns among some ...

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JPMorgan sees euro 2019 rebound

Bloomberg The end may be in sight for the euro’s worst run since 2015. The common currency will probably bottom out against the dollar in early next year, and rise from there as the US economic outperformance runs out of steam, undermining support for the greenback, according JPMorgan Chase & Co. It may hit a low of $1.11 in the ...

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