Tag Archives: Eurozone

European shares rose for the sixth consecutive session on Wednesday, boosted by a rally in financial stocks as investors focused on economic growth and inflation data in the eurozone due for release this week. The pan-European Stoxx 600 index rose 0.2 percent in early trading, hovering near its highest level …

European shares extended gains for the fifth consecutive session on Tuesday, supported by the mining and defense sectors, although fears of a possible recession limited the pace of the indices’ upside. An internal European Union document shows the bloc plans to fivefold financial support for an African military mission in …

Eurozone’s Retail Sales fell by 1.2% MoM in June versus 0.0% expected and 0.4% last, the official figures released by Eurostat showed on Wednesday. On an annualized basis, the bloc’s Retail Sales came in at -3.7% in June versus 0.4% recorded in May and -1.7% estimated. Separately, Eurozone’s Producer Price …

The Euro struggled near 1.0300 and tumbled below 1.0200 before regaining the price level. Prevalent risk aversion keeps traders’ flows into safe-haven peers, including the US dollar.The EUR/USD pair failed to hold above 1.0200, ane could even dive towards 1.0100; otherwise, a rally to 1.0300 is also probable.The Euro remains …

The EUR/USD pair is struggling around 1.0260 as estimates for Eurozone Retail Sales shift lower. The Dollar Index has hit a fresh three-week low as the recruitment process seems vulnerable in July.Eurozone’s stable jobless rate may remain a hurdle for the ECB in hiking interest rates. The EUR/USD pair failed …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) accelerated by 8.9% in July vs. June’s 8.6%, the latest data published by Eurostat showed on Friday. The market consensus was for an 8.6% figure. The core figures rose to 4.0% YoY in July when compared to 3.8% expectations and 3.7% …

The European Central Bank’s Pablo Hernández de Cos said that there are risks to the Eurozone inflation outlook that remain on the upside and have intensified, ‘particularly in short term’.de Cos has stated that the risks include lasting deterioration of the economy in the Eurozone, and persistently high energy and …

Sellers returned to the Euro and dragged EUR/USD to multi-session lows in the vicinity of 1.0100 on Tuesday. The EUR/USD rapidly abandoned the area around 1.0250 to retreated nearly 15 cents after EU countries decided to reduce the gas consumption in the next winter, all following the decision by Russian …

Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions following the bank’s decision to hike key rates by 50 basis points. “Energy costs should stabilise, bottlenecks ease.”“Wage growth has continued to increase gradually, including forward-looking indicator.”“Wage growth is …

Consumer confidence in the Eurozone declined in July due to the increasing cost of living and a slowdown of the economy, falling to its lowest level on record.The European Commission said Wednesday that its measure of consumer confidence in the region fell to minus 27.0 in July from a revised …