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September 2, 2025
EUR traded at 1.1657 against USD at 9:00 AM PST
Eurozone inflation rose marginally in August. The HICP rose 2.1% year-on-year in August. Core inflation, which excludes prices of energy, food, alcohol, and tobacco, held steady at 2.3%.
Monthly, the HICP increased by 0.2% in August, and core prices rose by 0.3%. Among the main components of inflation, food, alcohol, and tobacco showed the highest annual growth of 3.2% compared with a 3.3% rise in July.
This was followed by services, which gained 3.1%, after rising 3.2% in the previous month. At the same time, non-energy industrial goods logged a steady growth of 0.8%. Meanwhile, energy prices dropped at a slower pace of 1.9% following a 2.4% fall in July. 09/02/2025 - 06:07:00 (RTTNews)
Spain's unemployment increased in August, but the overall level was the lowest for the month since 2007. The number of unemployed increased by 21,905 from the previous month in August. Yearly, unemployment fell by 145,610 in August. Consequently, registered unemployment totaled 2.43 million, which was the lowest level since August 2007.
Meanwhile, unemployment increased by 2,745 in construction and by 2,775 in industry. Unemployment increased by 21,692 in the services sector. Unemployment among young people aged below 25 years rose by 3,485 or 2.12% compared to the previous month. 09/02/2025 - 06:35:00 (RTTNews)
Italy's producer prices increased for the second straight month in July. Producer prices rose 0.5% monthly in July, slower than the 1.4% increase in June. The overall increase was mainly driven by a 1.7% rise in energy costs. Prices for durable consumer goods and capital goods grew 0.3% and 0.2%, respectively.
Prices for intermediate goods dropped by 0.1%. Prices in the domestic market were up 0.6%, and those in the foreign market increased only by 0.1%. Yearly, producer price inflation eased to a 7-month low of 1.6% from 2.4% in June. 09/02/2025 - 05:54:00 (RTTNews)
This market update is prepared by Cathay Bank for informational purposes only and does not constitute any form of legal, tax or investment advice, nor should it be considered an assurance or guarantee of future exchange rate movements or trends. This information is provided without regard to the specific objectives, financial situations or needs of any recipient. Cathay Bank does not make any representations or warranties about the accuracy, completeness or adequacy of this market update.
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