U.K. producer prices rose in July as food and clothes costs surged, pushing the annual rate to the fastest since October 2008.
Spanish industrial production dropped in June after stalling in the previous month as the economy struggled to emerge from a three-year slump.
Chairman Ben S. Bernanke and his Federal Reserve colleagues are preparing to meet next week as two-year Treasury yields at a record low signal a U.S. economy on the knife’s edge between growth and contraction.
European Central Bank President Jean- Claude Trichet may be forced to step up his fight against the sovereign debt crisis after a resumption of bond purchases yesterday failed to halt a rout in Italy and Spain.
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