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German inflation quickens to record as ECB weighs next hike

Bloomberg German inflation accelerated to the most since the euro was introduced on soaring energy prices, bolstering calls for a jumbo interest-rate increase when the European Central Bank meets next week. Consumer prices in Europe’s biggest economy, calculated under European Union harmonised standards, jumped 8.8% from a year ago in August, matching the median estimate in a Bloomberg survey of ...

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US job openings soar to 11.2 million in July

  Bloomberg US job openings rise unexpectedly in July after a sizable upward revision to the previous month, underscoring persistent tightness in the labour market as employers compete for a limited supply of workers. The number of available positions edged up to 11.2 million in the month — topping all estimates — from a revised 11 million in June, the ...

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Swedish home prices to fall 15% from peak

  Bloomberg Swedish housing prices will continue falling until the middle of next year as the share of household income that goes towards mortgage interest payments is set to double, economists at the Nordic region’s largest bank said in a new forecast. Nordea Bank Abp now expects prices to drop 15% from a peak earlier this year, which is larger ...

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