Soaring energy costs pushed Germany’s producer prices to a record high in May, suggesting households in Europe’s biggest economy should brace for even higher consumer price inflation as at least a portion of higher business costs tends to be passed along to end consumers. Germany’s statistical agency said on June 20 that its gauge of…
Germany’s Producer Price Inflation Soars to Record High as Cost Pressures Slam Firms
Rising Business Costs and Consumer Inflation in Focus as Earnings Season Kicks Off
As the third-quarter corporate earnings season gets underway this week, markets are about to get a sense of the degree to which rising business input costs were absorbed by firms and pulled down their bottom lines. Nineteen S&P 500 firms report earnings this week starting with the big banks. According to Refinitiv IBES forecasts, profit…
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