Tag Archives: Eurozone

Investors are skeptical about how much change a new German government will bring about in the European economy that is struggling to recover. Investors and observers raise several questions about how the next German chancellor will deal with integration among the 19 euro economies.As Germany prepares for a new post …

ECB President Christine Lagarde said that the European Central Bank should be cautious of withdrawing stimulus too quickly, a statement by which Lagarde has distanced the European Central Bank from the move towards tighter monetary policy by many other central banks.ECB sees inflation going further above 3%, but expected to …

President of the European Central Bank, Christine Lagarde spoke before ECB Forum on Central Banking. Her speech was entitled: “Beyond the pandemic: the future of monetary policy”.Lagarde has pointed out that the economy is back from the brink, but not completely out of the woods. After a highly unusual recession, …

People in Germany awoke Monday to the news of a narrow victory pulled by the Social Democratic party over the incumbent conservative bloc of CDU/CSU.Reactions from the world of finance and economy poured in, despite the fact that the final makeup of Germany’s next coalition government is still some months away.Several …

The Eurozone’s consumer confidence index has risen in September as the spread of the Delta variant was managed and controlled as continent wide lockdown restrictions were eased.The European Commission said Wednesday that its measure of consumer confidence in the single-currency area rose to -4 (flash) from -5.3 in August. This …

According to Eurostat’s final reading of the Eurozone CPI report for August, the consumer prices came in at 3% on a yearly basis, matching the flash estimate and anticipated. While the core CPI also matched original estimates and 1.6% during the reported month.       

Euro benefited, Wednesday, from a boost due to the USD’s weakness after positive comments on inflation by the European Central Bank’s chief economist.Euro/USD rose to 1.1814 compared to 1.1804, on Tuesday. The pair fell to a trading day low of 1.1799 versus a high of 1.1832.“The pandemic emergency asset purchase …

Eurozone retail sales, an indicator of consumer demand, posted much weaker-than-expected figures in July, mainly due to a sharp drop in the number of goods purchased online. The European Union statistics office Eurostat said on Friday that retail sales in the 19 countries dealing with the single currency fell 2.3 …

The European statistics office Eurostat said on Wednesday that the unemployment rate in the eurozone fell as expected in July, with 350,000 people employed compared to the previous month. Eurostat reported that the unemployment rate in the 19 euro countries fell to 7.6% of the workforce, in line with analysts’ …

A survey revealed that the growth of the manufacturing sector in the euro area remained strong in August, but supply chain problems related to the Covid-19 pandemic continued to impede the supply of raw materials needed by factories, which led to higher prices. The easing of restrictions imposed to curb …