Tag Archives: Eurozone

Businesses are delaying some of their investments in the Eurozone, and output is declining. Two recent reports from the ECB provide an assessment of the issue. The majority of Eurozone businesses are delaying investments. The European Central Bank refers to a “gloomy outlook and a historic low” in its most …

S&P Global composite PMI fell to 50.1 in July, attributed to the lack of growth of business activity in Germany and France. Eurozone business activity grinds to a halt amid surprise slump in Germany. Eurozone private-sector activity barely grew this month as its top economy Germany unexpectedly slumped, the latest …

In the first three months of 2024, the Eurozone’s debt increased as France battled to stabilize its finances following weeks of political unrest. The EU statistics agency, Eurostat, reported that the 20 nations in the currency area had debt of 88.7% of GDP, up from 88.2% in the prior quarter.The …

The euro has been on a downward trend since the European Central Bank (ECB) decided to keep interest rates unchanged last Thursday. The euro/dollar pair fell to 1.0900 from its previous close of 1.0935. ECB Policy DecisionThe ECB’s decision to maintain the deposit rate at 3.75% was in line with …

The Eurozone debt crisis, which began in 2009, was triggered by high levels of public debt, particularly in countries grouped under the acronym “PIIGS” (Portugal, Ireland, Italy, Greece, and Spain). The crisis followed the global financial downturn that started in 2008. When the US housing bubble burst, banks worldwide faced …

The new trading week began with some respectable gains for the dollar, which shed some of its NFP-related weakness and gained some new momentum in reaction to the risk complex’s widespread knee-jerk. While this was going on, investors were processing the results of the French snap elections and progressively turned …

Eurozone manufacturing activity contracted in June due to faster contractions in output, new orders, and employment, according to the latest HCOB Purchasing Managers’ survey data by S&P Global. The manufacturing Purchasing Managers’ Index (PMI) fell to 45.8 in June from May’s 14-month high of 47.3, suggesting a strong and accelerated …

Political Uncertainty and Rising Dollar Pressure Euro The euro fell to a one-month low on Tuesday, weighed down by political concerns in Europe and the anticipation of key U.S. economic data and Federal Reserve interest rate projections. Investor fears surrounding the rise of eurosceptics in recent European elections and the …

The Eurozone economy experienced its fastest growth in a year during May, primarily driven by a flourishing service sector that outpaced the ongoing contraction in manufacturing. This positive trend, revealed in a private survey, also highlighted easing price pressures, potentially providing the European Central Bank (ECB) with room to maneuver …

The euro closed Monday’s trading higher rise, driven by an improvement in risk appetite cross financial markets, fresh German economic data, in addition to some other factors related to monetary policy. Wall Street has seen intensive stock buying since the beginning of morning trading in the markets on the first …