Gas prices are rising in Europe while microchips drive PPI inflation in China, amidst cautious FOMC commentary.

1 report, 1 independent Updated 00:00

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Europe China

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Part of

Geopolitical conflict is creating cost pressures and delays within global supply chains, while rising energy costs are pushing global inflation above targets.

Also in this story

War in West Asia is causing global shocks, leading to rising input costs for MSMEs.Jul 10

All 3 developments

The entities involved

Europe
terrestrial continent located in north-western Eurasia
- War with Iran caused surging jet fuel prices while demand for autumn travel is growing in Europe.17:23
- US law mandates the handover of data across Europe.17:08
China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
- The G7 Summit took place in Evian-les-Bains, where the political context of Russia's ongoing war in Ukraine and its expulsion from the G8 was discussed, involving figures like Barack Obama and Donald Trump.15:05
- Cooperation between Azerbaijan, China, and CICA focuses on trade, energy, and green development, emphasizing multilateral platforms.14:41

Related events

Companies are raising prices to offset rising energy and raw material costs, influenced by US inflation and European data center demand.Thu 11:54

Coverage

Newest first; wire copies grouped

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