{"id":50500,"date":"2025-07-15T03:08:44","date_gmt":"2025-07-15T07:08:44","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/spains-inflation-rises-rio-tinto-appoints-new-ceo-amid-geopolitical-tensions\/50500\/"},"modified":"2025-07-15T03:08:44","modified_gmt":"2025-07-15T07:08:44","slug":"spains-inflation-rises-rio-tinto-appoints-new-ceo-amid-geopolitical-tensions","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spains-inflation-rises-rio-tinto-appoints-new-ceo-amid-geopolitical-tensions\/50500\/","title":{"rendered":"Spain&#8217;s Inflation Rises, Rio Tinto Appoints New CEO Amid Geopolitical Tensions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spains-inflation-rises-rio-tinto-appoints-new-ceo-amid-geopolitical-tensions\/50500\/#Spains_Inflation_Accelerates_in_June\" >Spain&#39;s Inflation Accelerates in June<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spains-inflation-rises-rio-tinto-appoints-new-ceo-amid-geopolitical-tensions\/50500\/#Rio_Tinto_Appoints_New_CEO\" >Rio Tinto Appoints New CEO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spains-inflation-rises-rio-tinto-appoints-new-ceo-amid-geopolitical-tensions\/50500\/#Oil_Fields_in_Iraq_Targeted_by_Attacks\" >Oil Fields in Iraq Targeted by Attacks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spains-inflation-rises-rio-tinto-appoints-new-ceo-amid-geopolitical-tensions\/50500\/#EU_Developments_Budget_and_Trade\" >EU Developments: Budget and Trade<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spains-inflation-rises-rio-tinto-appoints-new-ceo-amid-geopolitical-tensions\/50500\/#UKs_Rachel_Reeves_to_Address_Mortgage_Reforms\" >UK&#39;s Rachel Reeves to Address Mortgage Reforms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spains-inflation-rises-rio-tinto-appoints-new-ceo-amid-geopolitical-tensions\/50500\/#Barclays_Downgrades_LOreal\" >Barclays Downgrades L&#39;Oreal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spains-inflation-rises-rio-tinto-appoints-new-ceo-amid-geopolitical-tensions\/50500\/#Eurozone_Industrial_Production_Forecast\" >Eurozone Industrial Production Forecast<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Spains_Inflation_Accelerates_in_June\"><\/span>Spain&#39;s Inflation Accelerates in June<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Spain&#39;s Consumer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CPI\">CPI<\/a>) showed an acceleration in June 2025, with both headline and EU Harmonised inflation rates rising. The monthly CPI increased by 0.7%, surpassing both the previous month&#39;s 0.6% and the estimated 0.6%. Annually, Spain&#39;s CPI rose to 2.3%, up from 2.2% previously and exceeding the 2.2% estimate.<\/p>\n<p>The EU Harmonised CPI also saw a monthly increase of 0.7% (compared to 0.6% previous and estimated) and an annual rise to 2.3%, from 2.2% previously and an estimated 2.2%. Core CPI, which excludes volatile food and energy prices, registered a monthly increase of 0.5%, significantly higher than the 0.1% previous and estimated figures. On a yearly basis, core CPI remained steady at 2.2%, aligning with previous and estimated figures. The annual change in the flash estimate of the CPI stands at 2.2% in June, two tenths higher than the one registered in May. This acceleration is primarily attributed to a rebound in fuel prices and, to a lesser extent, increases in food and non-alcoholic beverages.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Rio_Tinto_Appoints_New_CEO\"><\/span>Rio Tinto Appoints New CEO<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mining giant Rio Tinto (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=RIO\">RIO<\/a>) has announced the appointment of Simon Trott, previously the head of its iron ore division, as the company&#39;s new Chief Executive Officer. The appointment is effective August 25, 2025, succeeding Jakob Stausholm. Trott has been with Rio Tinto for over 20 years, holding various operational, commercial, and business development roles. His promotion comes after Stausholm&#39;s resignation was announced in May.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Oil_Fields_in_Iraq_Targeted_by_Attacks\"><\/span>Oil Fields in Iraq Targeted by Attacks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Oil infrastructure in Iraq&#39;s semi-autonomous Kurdistan region has been targeted by recent attacks. The Khurmala oil field in Erbil province was struck by two explosive-laden drones on July 14, 2025. While the attacks caused damage to water infrastructure, no casualties were reported. Separately, an explosion hit the Sarsang oil field facility in Duhok province on July 15, forcing the suspension of operations. The Sarsang field is operated by US-based HKN Energy and is jointly owned by HKN Energy, the Kurdistan Regional Government, and ShaMaran Petroleum. These incidents occur amidst rising tensions between Erbil and Baghdad.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"EU_Developments_Budget_and_Trade\"><\/span>EU Developments: Budget and Trade<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>European Commission President Ursula von der Leyen is set to unveil the new EU budget, having delivered last-minute concessions to quell internal dissent. The upcoming budget proposal aims to be more flexible, focused, and funded by new revenues, departing from the rigid structure of the current 2021-2027 budget. The new budget will prioritize national and regional partnerships for investments and reforms, ensuring a central place for Cohesion Policy and the Common Agricultural Policy.<\/p>\n<p>Meanwhile, all eyes are on whether the European bloc will retaliate with tariffs if no trade deal is reached with the U.S. by August 1. There is a growing clamor within the EU to utilize the anti-coercion instrument.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"UKs_Rachel_Reeves_to_Address_Mortgage_Reforms\"><\/span>UK&#39;s Rachel Reeves to Address Mortgage Reforms<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Rachel Reeves, the UK&#39;s Chancellor of the Exchequer, is scheduled to address the City of London tonight in her first major speech since a recent gilt selloff. She is expected to announce plans for easier mortgages, particularly aimed at first-time buyers. The proposed reforms, dubbed the &quot;Leeds Reforms,&quot; include increasing high loan-to-income mortgages and creating a permanent mortgage guarantee scheme. The Treasury anticipates these changes could facilitate up to 36,000 additional mortgages for first-time buyers in the first year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Barclays_Downgrades_LOreal\"><\/span>Barclays Downgrades L&#39;Oreal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Barclays has cut its rating on L&#39;Oreal (OR.PA) from Overweight to Underweight, also lowering its target price to \u20ac325 from \u20ac384. This follows previous price target adjustments by Barclays and other firms on the beauty giant.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Eurozone_Industrial_Production_Forecast\"><\/span>Eurozone Industrial Production Forecast<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Proxies and regional surveys suggest that Eurozone industrial production for May will largely exceed expectations. The Bloomberg consensus forecasts a month-over-month increase of +1.0% (compared to -2.4% prior in April) and a year-over-year increase of +2.2% (compared to +0.8% prior in April). In April 2025, industrial production in the Euro Area decreased by 2.4% month-over-month, a sharper decline than expected, with output falling across all major categories. Annually, industrial output growth in the Eurozone slowed to 0.8% in April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spain&#39;s Inflation Accelerates in June Spain&#39;s Consumer Price Index (CPI) showed an acceleration in June 2025, with both headline and 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