Tag Archives: France

The dispute between the European Union and China over electric vehicles remains unresolved. Both sides face significant risks of escalation into a full-blown trade war. While China has publicly stated its opposition to such a war, analysts believe Europe wouldn’t fare well in one. Efforts are underway through diplomatic channels …

European finance ministers from the Group of Seven major industrialized nations on Friday called on their countries to line up and adopt a unified stance in the face of China’s “unfair” industrial policies and also warned of the risks of a trade war in the wake of US sanctions and …

The Eurozone’s recovery from the recent downturn is largely due to the growth of the service sector, which has seen job creation accelerate. However, the region faces challenges in meeting the European Central Bank’s 2% target due to persistently high service prices driven by wages. The EU’s decision to stop …

The United States launched Operation Prosperity Guardian, a multilateral naval operation involving the United Kingdom, Canada, France, Bahrain, Norway, and Spain. Oil tycoon BP has temporarily stopped shipping any crude along the route; rival energy tycoon Shell has not yet responded.Oil PricesAttacks on commercial ships in the Red Sea have …

The final GDP for France’s third quarter fell by 0.1% from the preliminary estimate, and the euro is currently trading at 1.0893. The preliminary CPI for France in November was +3.4%, suggesting that rate cuts in the Eurozone might occur sooner rather than later. This is because the economy is …

The Riksbank kept the interest rate unchanged at 4% on Thursday, November 23, but said it was ready to raise it further if inflation expectations deteriorated. The central bank raised interest rates from zero levels in April 2022, in a series of increases to combat high inflation caused by Covid …

The unemployment rate in France rose faster than expected to 7.4% in the third quarter, according to official statistics published on Wednesday, a rise that Finance Minister Bruno Le Maire blamed on slowing economic growth. “This is a result of the economic slowdown in Europe and around the world,” Le …

The French economy grew by 0.5% in the second quarter of this year, exceeding expectations, driven by exports while household consumption declined, according to the National Institute of Statistics and Economic Studies. This first estimate of the Institute came higher than the estimated growth forecast of 0.1% for the period …

The EUR/USD pair came under strong bearish pressure on Friday. PMI surveys signaled a loss of growth momentum in the Eurozone economy. Euro could continue to push lower once 1.0870 is confirmed as resistance. FOMC Chairman Jerome Powell’s hawkish rhetoric on the second day of his congressional testimony and the …

The National Institute of Statistics and Economic Studies in France confirmed its preliminary estimate of the inflation rate in May, to stand at 5.1% on an annual basis, after it reached 5.9% in April, due to a slowdown in energy and food prices. Today, Thursday, the National Institute of Statistics …