German inflation unexpectedly falls to 2% in June, hitting ECB’s target

German inflation unexpectedly falls to 2% in June, hitting ECB’s target

Janine Kraft, store manager of the Tante Enso store in Wörlitz, Germany, sorts goods onto the shelves. Picture Alliance | Picture Alliance | Getty Images Germany’s annual inflation rate unexpectedly eased to 2% in June, bringing Europe’s largest economy in line with the European Central Bank’s target, preliminary data from statistics office Destatis showed Monday….

Read More
China’s manufacturing activity contracts for a third month amid deflation woes

China’s manufacturing activity contracts for a third month amid deflation woes

Workers producing garments at a textile factory that supplies clothes to fast fashion e-commerce company Shein in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images China’s manufacturing activity contracted for a third straight month in June, an official survey showed on Monday, fueling hopes for more stimulus to cushion the…

Read More