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Euro area inflation hits record to test ECB resolve

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  Bloomberg Inflation in the euro region accelerated beyond already record levels, defying expectations for a slowdown and complicating the task for European Central Bank officials who insist the current spike is temporary. Consumer prices jumped 5% from a year earlier in December — faster than the previous month’s 4.9% gain and more than the 4.8% median estimate in a ...

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Stock recovery in Europe led by tech; dollar drops

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  Bloomberg European stocks bounced back from their biggest decline in six weeks as Treasury yields steadied a day before a key American inflation reading. Technology stocks led the advance in the Stoxx Europe 600 Index after the tech-heavy Nasdaq 100 recovered following four negative sessions. US futures edged higher. Benchmark Treasury yields stabilised near 1.75% after reaching 1.8% in ...

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Tokyo pushes to reform its $6.5trn stock market

  Bloomberg Japan’s largest exchange operator disclosed the components of three new market sections on Tuesday, but the long-awaited shake-up of the country’s sluggish stock market is attracting more skepticism than excitement. Japan Exchange Group Inc said 1,841 constituents would make up the new “Prime” section of the Tokyo Stock Exchange, which will replace the current First Section of companies ...

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