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French Inflation Increases In May, Japanese Stocks Move Upwards

Published 06/11/2015, 05:54 AM
Updated 07/09/2023, 06:31 AM
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France: Inflation Increased
Inflation in France increased in May, as a result of seasonal increases in food prices and tourist services in view of the summer season.

According to the French statistics office Insee, the consumer price index rose by 0.2% since April, when it had risen only by 0.1%. Compared to last year, it increased by 0.3%.

The harmonized consumer price index rose by 0.3% annually, compared with the annual rise of 0.1% that had been made in April.

Rise Of 1.7% In Tokyo
Japanese stocks moved upwards on Thursday, stopped the four-day downward streak and rebounded from the three-week low in which they had fallen yesterday.

The last night's rally gave a boost to Wall Street as the developments regarding Greece showed that perhaps an agreement might be reached between Athens and its creditors.

Nikkei rose by 1.7% to 20,382.97 points and recorded the largest percentage rise in a four-month period.

The broader index TOPIX closed with an increase of 1.3% at 1,648.88 points while JPX-Nikkei 400 rose by 1.2% to 14,882.22 points.

Barroso: Euro Would Survive A Grexit

A Greek exit from the euro would "break" a taboo and would set a precedent, the former European Commission president, Jose Manuel Barroso said when he spoke on BBC.

As he said, "It will certainly be negative for Greece and the euro area if there is a default or if there is a Grexit. But I believe that a solution can still be found."

The euro is "reliable, strong and stable" and would survive if Greece abandoned the European currency, he added.

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