Tag Archives: Eurozone

Later Monday, the European Commission will officially start consultation and discussion on whether and how to reform the Eurozone’s fiscal rules.Over the past 20 years the Stability and Growth Pact (SGP) has been one of the most contentious pillars of the monetary union. Despite all current shortages in the global …

US stock index futures fell in early trading on Monday, after major indexes posted their best week in months amid a stronger-than-expected start to the earnings season, Dow Jones Industrial Average futures fell 174 points or 0.5%, and S&P 500 futures were down 174 points, or 0.5%. By 0.5%, the …

The head of the ECB banking supervision, Andrea Enria said there has been “an increase in vulnerabilities” in some countries’ residential real estate and an increase in cheap loans, have overheated the real estate market in many places, leading to an increased risk of a bubble.The European Central Bank has …

Sterling investors get nervous as Brussels has been urged draw up tough retaliatory measures in case the UK carries out its threat to suspend trading arrangements for Northern Ireland Protocol contained in the Brexit deal.Representatives of five member states met European Commission vice-president Maros Sefcovic, this week, to demand contingency …

During the European trading session today, the market held a similar tone to its trajectory yesterday, as stocks are recovering modestly after the setback that occurred in the trading stages this week. European indices maintained their gains, while US futures pointed to solid gains as bond yields continued to decline, …

During the European session today, the Chinese yuan rose to 6.44 against the US dollar, approaching a two-week high of 6.43 touched earlier in October. Investors cheered strong Chinese trade data showing that exports and imports continued to rise at robust rates in September, both of which set records. On …

At the meeting of finance ministers of the Eurozone in Luxembourg on Oct. 4, one prominent regular attendee was missing. Olaf Scholz, Germany’s finance minister and vice chancellor since 2018, was otherwise occupied in Berlin.Eight days earlier, his Social Democratic Party had won national elections under his leadership, making him …

European Central Bank Chief Economist Philip Lane pushed back against warnings over accelerating inflation, saying there’s “very solid evidence” to believe that the current spike won’t last. “The red zone for everyone is if inflation became persistent at a number that’s immoderately above the inflation target,” Lane said on Thursday.“That’s …

Official figures showed Wednesday that Factory orders in Germany declined by 7.7% in August compared with the previous month, this development was led by much lower demand from countries outside the Eurozone. The drop in orders, a leading indicator for Europe’s biggest economy, followed month on month gains of 4.6% …

Data showed that retail sales in the eurozone missed expectations in August, as consumers curbed spending on food, beverages, and tobacco. The European Union statistics office Eurostat said retail sales, an indicator of consumer demand, in the 19 euro-denominated countries rose 0.3 percent month-on-month in August, unchanged from the previous …