Tag Archives: Eurozone

Financial markets witnessed a very volatile week as investors and traders tended to believe that officials’ efforts to calm banking turbulence would allay concerns that the 2008 financial crisis would recur. Recent central banker statements that sounded less hawkish are bolstering the cautious optimism. In particular, today’s light calendar and …

In March’s flash estimate, the Consumer Confidence Index was lower than anticipated. The EUR/USD currency pair is still trading slightly above 1.0900.The Consumer Confidence Index, which measures consumer sentiment in the Eurozone, decreased slightly from -19.1 in February to -19.2 in the March flash estimate. This figure was weaker than …

European Central Bank President Christine Lagarde told European Parliament’s Committee on Economic and Monetary Affairs on Monday that Eurozone banks’ exposure to Credit Suisse was in Euro millions, not billions. Key Quotes The ECB is “fully equipped to provide liquidity support to the euro-area financial system if needed”. “The European …

Thursday witnessed a spike in stock market volatility. Indexes on Wall Street began the day in the red but ended the day up more than 1%. Nasdaq took the lead with a gain of 2.48%. Fears about systemic risk subsided, improving the market’s attitude. 11 of the biggest American banks …

Italy’s Treasury is preparing to launch new bonds dedicated to small savers in an effort to increase retail investors’ holdings of the country’s huge debt.Rome is trying to find new bond buyers for its over 2.760 trillion Euro ($2.92 trillion) debt – proportionally the second highest in the Eurozone – …

Forecasts for the Eurozone’s economy have been updated by economists. The forecasts for the Eurozone in 2023 have been dramatically improved, going from -0.5% to 0.3%.In the medium term, economic growth will be boosted by lower energy prices, significant government subsidies, and general economic resiliency. As a result, both interest …

The European Union’s statistics office (Eurostat) said that the eurozone did not record any economic growth on a quarterly basis in the last three months of 2022, in a slight downward revision of GDP and employment data, yet employment data remained strong. Eurostat said in a statement that the growth …

According to official data issued by Eurostat on Monday, retail sales in the Eurozone increased by 0.3% MoM in February, compared to a 1.0% expectation and a -1.6% decline in January. Annualized Retail Sales for the bloc were down 2.3% in February compared to -2.8% in January and the consensus …

Policymakers from the European Central Bank confronted some harrowing realities this week while huddling in a retreat in a remote Arctic village: businesses are benefitting from rising inflation while workers and consumers bear the cost. The dominant macroeconomic narrative over the last nine months has been that the 20 nations …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) comes in a tad softer at 8.5% in February vs. January’s 8.6%, the latest data published by Eurostat showed on Thursday. The market expected the inflation gauge to ease to 8.2% in the reported period. The core HICP climbs to 5.6% YoY in February …