Tag Archives: Eurozone

The Eurozone manufacturing sector activity improved in the reported month, the latest manufacturing activity survey from IHS/Markit research showed on Friday. The Eurozone Manufacturing purchasing managers index (PMI) arrived at 58.5 in October vs. 57.0 expectations and 58.6 prior. The index hit eight-month lows. The bloc’s Services PMI dropped to …

Bundesbank president Jens Weidmann has thrown an additional wild card on the negotiation table for Germany’s economy after Merkel’s last term in office.After 10 years opposing the ECB’s loose fiscal policy,the German economist announced his departure on Wednesday for personal reasons. Last month’s election pushed has pushed Dr Weidmann out …

The European Commission said Thursday that its measurement index of consumer confidence in the Eurozone declined to minus 4.8 in October from minus 4.0 in September. Economists polled by The Wall Street Journal had forecast a reading of minus 5.0. The fresh reading comes amid rising inflation and economic recovery …

The European session was mostly quiet, with the dollar holding steady while commodity currencies fell after an early advance in Asia Pacific trading. A slightly weaker risk mood in European morning trade may keep risky trade more cautious, as the Australian dollar fell from 0.7540 earlier today to 0.7480 before …

The European trading session, on Wednesday, was quiet for the second consecutive day. The U. S. dollar became further steadier earlier in the European session, but it is now following a more mixed trading pattern, with the sterling tracking lower as it moved away from key resistance near 1.3800.Gold’s gains …

Today’s trading was quiet, except for the release of the Australian Reserve meeting minute early this morning, which had a slight impact on the risk appetite in the markets. The safe-haven dollar fell on Tuesday to its lowest level in three weeks against other major currencies amid an improvement in …

US shares have undergone mixed performance, and tended to rise with the beginning of Monday’s trading session, attempting to overcome the impact of U. S. and Chinese data that cast negative shadows across the global markets after a decline in the growth of the second largest economy in the world.Economic …

Polish Prime Minister Mateusz Morawiecki has warned that overreach by some of the EU institutions is a threat to the future of the bloc.In a letter to the EU’s 27 national leaders, Morawiecki defended his country’s actions, saying that the Commission is dangerously overstepping the limits of its powers by …

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 …