South Korea has been persuading firms to go home, but many were hesitant due to stringent regulations and higher costs
The rise in inequality is attributed to the shrinking wages of low-income households, and a cut down in temporary positions
German bunds surge after eurozone August CPI remains unchanged, in line with estimates
The German bunds surged during European trading session Wednesday after the eurozone’s consumer price inflation (CPI) for the month of August, remained unchanged, also meeting market expectations.
The German 10-year bond yield, which move inversely to its price, suffered nearly 2-1/2 basis points to -0.499 percent, the yield on 30-year note plunged 3 basis points to 0.022 percent and the yield on short-term 2-year traded 1-1/2 basis points down to -0.712 percent by 10:10GMT.
The euro area annual inflation rate was 1.0 percent in August, stable compared to July. A year earlier, the rate was 2.1 percent. European Union annual inflation was 1.4 percent in August, stable compared to July.
A year earlier, the rate was 2.2 percent. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Portugal (-0.1 percent), Greece (0.1 percent) and Spain (0.4 percent). The highest annual rates were recorded in Romania (4.1 percent), Hungary (3.2 percent), the Netherlands and Latvia (both 3.1 percent).
Compared with July, annual inflation fell in nine Member States, remained stable in six and rose in twelve. In August, the highest contribution to the annual euro area inflation rate came from services (+0.60 percentage points, pp), followed by food, alcohol & tobacco (+0.40 pp), non-energy industrial goods (+0.08 pp) and energy (-0.06 pp).
Meanwhile, the German DAX remained tad 0.06 percent higher at 12,380.14 by 10:15GMT.