Tag Archives: Eurozone

Eurozone inflation risks are on the rise but price pressures could still subside before becoming entrenched in expectations, European Central Bank President Christine Lagarde said on Monday. Pointing to mounting inflation risks, Lagarde opened the door last week to an interest rate hike later in 2022 and said that a …

European shares rebounded on Monday after five straight weeks of losses, as gains in mining stocks and positive business results overshadowed fears of a series of looming monetary policy tightening and geopolitical tension. The pan-European Stoxx 600 index rose 0.1 percent, after falling 0.7 percent last week. The euro fell …

Strong US labour market data on Friday caused the EUR/USD’s pair to stumble, though not enough to trigger a lasting reversal back towards 1.1400, the fresh data has at least prevented the pair from breaching January’s highs in the 1.1480s. Though the pair has recovered back from its sub-1.1420 post-NFP …

Retail Sales in the euro area fell by 3% on a monthly basis in December, the data published by Eurostat showed on Friday. This print missed the market expectation for a decrease of 0.5%. In the EU, Retail Sales contracted by 2.8%.

It was Central Banks Day today and there are several drivers for the markets. The Bank of England announced its monetary policy decision on Thursday and raised the benchmark interest rate by 25bps to 0.50%. The Monetary Policy Committee (MPC) voted 5-4 in favor of a 25 bps rate hike. …

The European Central Bank opted to leave its deposit rate unchanged at -0.5% on Thursday as unanimously expected. The bank maintained its guidance on interest rates, saying they would remain at present or lower levels until the conditions for a rate hike have been met. The bank also reaffirmed its …

The EUR/USD pair has continued to trade well supported to the north territory of the 1.1300 level as the Euro remains positioned near the top of the daily G10 performance table, having been boosted by post-hot Eurozone inflation data hawkish ECB bets.While the pair had already broken above the key …

The euro rose on Wednesday for a third consecutive day, after hitting a 20-month low last week, as markets awaited inflation data in the eurozone for clues about the European Central Bank’s next move. The euro has come under pressure recently, falling 8 percent in three months, amid expectations that …

European shares rose for the third session in a row on Wednesday, recovering about half of their losses in January, as the positive impact of strong corporate results outweighed the impact of concerns about rising interest rates ahead of the European Central Bank’s decisions expected on Thursday. The pan-European Stoxx …

There were no strong market drivers during the European session. Gold prices rose on Tuesday above the key $1800 level, with increased investment demand, further supported by a weak dollar and falling Treasury yields. By 1323 GMT, the price of gold in spot transactions rose 0.5% to $1,805.43 an ounce. …