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31.03.26 - 18:30
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European Inflation Jumps Most Since 2022 On Soaring Energy Prices Even As Core CPI Unexpectedly Shrinks (ZeroHedge)
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European Inflation Jumps Most Since 2022 On Soaring Energy Prices Even As Core CPI Unexpectedly Shrinks
In an early preview of the coming inflation spike, the euro area saw its steepest jump in inflation since 2022 as the Iran war pushed energy costs sharply higher, backing expectations that the ECB will have to raise interest rates.
In March, European consumer prices rose 2.5% from a year ago in March - and up a whopping 1.9% from the previous month - to the highest since January 2025. The silver lining: the median estimate was for an even higher 2.6% print.
Yet while headline inflation soared, demand destruction appears to have depressed other purchases, and core inflation, which excludes volatile items like food and energy, unexpectedly slowed to 2.3%, while the closely watched services gauge also eased, Eurostat said Tuesday.
Some more details from Goldman:
Euro area headline HICP inflation increased by 0.63pp to 2.52%yoy in March, below our tracking and consensus of 2.6%yoy. Core HICP ...
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31.03.26 - 10:25
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Wall Street Has a Growing Appetite for Fast Food in Japan (Bloomberg)
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In the land of sushi and ramen, Wall Street is betting millions on American burgers and fried chicken. Carlyle and Goldman Sachs see chains like KFC and Burger King having a larger presence in Japan.
What's fueling these big bets? Lisa Du explains. (Source: Bloomberg)...
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31.03.26 - 09:48
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Goldman Sachs Sees Longer-Lasting Economic Hit From War (Bloomberg)
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Sharon Bell, senior European equity strategist at Goldman Sachs, says the Iran war will continue to have a negative economic impact even if there's a fast resolution. "You'll still see people seeing higher energy costs, etc., and therefore lower confidence and low growth," Bell tells Bloomberg Television. "PMI surveys, for example, have already started to come down. So I think there's already been damage. It's really a case of how permanent that is or not. (Source: Bloomberg)...
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31.03.26 - 00:57
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Gulf LNG Crisis Set To ′Make Coal Great Again′ (ZeroHedge)
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Gulf LNG Crisis Set To 'Make Coal Great Again'
Our weekend wrap on the global energy crisis focused on Asia as ground zero and how the shock will ripple across the world, eventually hitting the US. This is now the second major energy crunch of the decade: first Russia's invasion of Ukraine, now the U.S.-Iran conflict. However, this one looks a lot more catastrophic.
The immediate impact of this energy crunch will be a resurgence of coal, especially across Asia, as power grid operators will be forced to switch to the dirtiest fuel to keep electricity affordable during the crisis.
"We are now seeing a second, very large energy supply shock," Goldman commodities expert Samantha Dart told Bloomberg.
Dart added, "If you're sitting in Asia, going through this again, it's possible you change your strategy long term, rely more on coal for longer, build out your renewables faster, and reduce your exposure to natural gas."
Last week, JPMorgan's commodity expert showed just how...
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