Tag Archives: Eurozone

Markets calm as fears of new coronavirus mutant, Omicron. Today, Japanese Finance Minister Shunichi Suzuki said that the Japanese government will stick to its goal of achieving a primary budget surplus by the fiscal year 2025 in Japan. Shunichi Suzuki stressed that the Japanese government is not considering setting a …

The International Monetary Fund could be about to cut growth forecasts for the euro area as concerns over the omicron Covid variant and persistently higher inflation grow.The Fund said in October that it expected the euro zone economy to grow by 4.3% in 2022. Now, the institution has warned about …

European Central Bank governing council member Robert Holzmann said on Monday that inflation in the Eurozone would unlikely fall below 2.0% in 2022, according to Reuters citing Handelsblatt. Holzmann added that inflation is set to reach its peak sometime around the turn of the year. Holzmann said that the ECB …

Markets are still looking for developments in Omicron as well as awaiting US data. In a widely expected move, the People’s Bank of China (PBOC) slashed the banks’ Reserve Requirement Ratio (RRR) by 50bps on Monday. Eurozone’s investor sentiment keeps worsening in the final month of the year, the latest …

Eurozone’s Retail Sales rose by 0.2% MoM in October versus 0.2% expected and -0.4% last, the official figures released by Eurostat showed on Friday. Annually, the bloc’s Retail Sales came in at 1.4% in October versus 2.6% recorded in September and 1.2% estimated.

The economic recovery from a pandemic in the Eurozone is still incomplete and the recent inflation shock along with a new pandemic waves are endangering the rebound, European Central Bank policymaker Fabio Panetta said on Thursday.“The inflationary spike stemming from global supply shocks and the resurgence in the pandemic are …

Markets are awaiting the results of the OPEC meeting, as well as the US jobs report tomorrow. According to sources cited by Reuters, OPEC+ may as an option discuss hiking output by just 200K barrels per day (BPD) in January versus the current agreement which stipulates 400K BPD monthly output …

A strong headline PMI reading has masked just how business conditions are currently tougher for manufacturers. Although demand is strong, as reflected by a further solid improvement in new orders, supply chains continue to worsen at a worrying rate.However, the details behind the headline PMI tell a different, but worrying …

The GBP/USD is trading at 1.3311 and higher by 0.12% on the day so far. The pair has recovered from a low of 1.3276 and has reached a high of 1.3352 so far.DXY, an index that measures the US dollar vs a basket of currencies spiked around 40 points during …

OPEC expected the oil surplus to increase to 2 million bpd in January, 3.4 million bpd in February and 3.8 million bpd in March 2022. The Organization of the Petroleum Exporting Countries, through a leaked document during today’s meeting, said that the demand for transport fuels in Europe may also …