Eurozone

Stock market rally helps drive down pension deficits

Higher bond yields and bullish stock markets helped drive down pension deficits at Iseq-listed companies down by more than 50 per cent last year. According to consultancy firm Mercer, the combined pension deficits of Iseq constituents fell from €2.5 billion to €1.1 billion during the course of 2017. “Discount rates, used by companies to value their pension schemes which are based on corporate bond yields, rose by approximately 0.2 per cent for the average scheme, decreasing liabilities by 3 per…

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Leaders to gather in Davos; Netflix and Intel report results

Monday Results: Netflix. Indicators: Irish wholesale prices (Dec). Tuesday Results: EasyJet, Johnson & Johnson, Mattel, Procter & Gamble. Indicators: Euro zone economic sentiment index (Jan), consumer confidence flash (Jan); UK public sector net borrowing (Dec), business optimism index (Q1), industrial trends orders (Jan); German economic sentiment index (Jan), current conditions (Jan); and US manufacturing index (Jan). Meetings: World Economic Forum Annual Conference in Davos, Switzerland; Winning Strategies for Marketer of the Year 2017 (National Gallery of Ireland, Dublin); Dublin Chamber…

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Merkel, Macron to deepen Franco-German cooperation,…

By Reuters Published: 06:16 EST, 21 January 2018 | Updated: 06:16 EST, 21 January 2018 BERLIN, Jan 21 (Reuters) – Chancellor Angela Merkel and President Emmanuel Macron said on Sunday they wanted to deepen Franco-German cooperation and give the European Union a fresh push towards closer integration. “We are doing that in order to bring the people in our countries even closer together. And we do it to give the whole of Europe a new boost, to make it even…

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German SPD leaders upbeat as biggest branch backs coalition talks

BERLIN – Senior members of Germany’s Social Democrats (SPD) said on Saturday they were confident the party would approve the start of formal coalition talks with Chancellor Angela Merkel’s conservatives at a special congress this weekend. The upbeat comments came after the SPD’s biggest regional branch in North Rhine-Westphalia recommended its members vote in favour of entering negotiations, on condition that party leader Martin Schulz push for more concessions on labour, health and migration policies. Around 600 SPD delegates vote…

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At a three-year high, euro faces ECB scrutiny

January 20, 2018 | 12:42 PM by Reuters Brussels: After hitting a three-year high against the dollar, the strong euro is likely to preoccupy global markets and European Central Bank (ECB) policymakers in particular in the coming week. The ECB, whose Governing Council meets on Thursday, last expressed concern over the single currency in September, when it said exchange rate volatility was an uncertainty that required “monitoring”. Then the euro had only briefly nudged beyond $1.20. In the last week…

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Merkel and Macron play up euro zone reform plans

PARIS (Reuters) – Chancellor Angela Merkel and President Emmanuel Macron talked up the prospect of agreeing reforms to the euro zone on Friday, saying they were committed to strengthening the single currency bloc and Europe as a whole. Merkel is in Paris for an evening of talks with Macron, after the two agreed at a European Union summit last month to draw up joint plans for the euro area by March. Macron has talked in the past about the need…

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Reuters Business News Schedule at 1330 GMT/830 AM ET

Editor: Keith Weir, +44 207 542 8022 Global Picture Desk: +65 6870 3775 Global Graphics Desk: + 65 6870 3595 (All times GMT / ET) Receive this schedule by email: mediaexpress.reuters.com TOP STORIES China’s 2017 GDP growth accelerates for first time in 7 years BEIJING – China’s economy grew faster than expected in the fourth quarter of 2017, as an export recovery helped the country post its first annual acceleration in growth in seven years, defying concerns that intensifying curbs…

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Eurogroup chief hails German stance on euro zone reform

New Eurogroup chief Mário Centeno has called for concrete progress on euro zone reform by June, welcoming “encouraging” signals from Berlin on this front. Days after assuming his new role, Mr Centeno, the Portuguese finance minister, was in the German capital on Wednesday for talks with his German opposite number, acting finance minister Peter Altmaier. “The signals we get from Germany are very encouraging indeed,” said Mr Centeno. Last week would-be coalition partners from German chancellor Angela Merkel’s Christian Democratic…

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The SafeCare Group Announces Make American Healthcare Great Again Strategy – Eurozone News Today

The Safecare Group Seven Point “IT IS ACE” Strategy Reliance on Obamacare to allocate health resources, to contain costs, and to determine better healthcare for Americans failed” — Yisrael Safeek, MD, MBA, Chairman and CEO, The SafeCare Group LEXINGTON, KENTUCKY, USA, January 17, 2018 /EINPresswire.com/ — The SafeCare Group which develops and licenses software applications that optimize hospital reimbursement and accreditation, announced today its seven-point strategy for Making American Healthcare Great Again at its SafeCare Magazine site: https://www.safecaremagazine.com/ The “IT…

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Euro zone inflation slows as expected in Dec, core rate stable

BRUSSELS, Jan 17 (Reuters) – Cheaper phone calls, clothes and vegetables slowed consumer price growth in December as expected despite more expensive fuel and cigarettes while the core inflation measure watched by the European Central Bank was stable, data showed on Wednesday. The European Union’s statistics office Eurostat said consumer inflation in the 19 countries sharing the euro was 0.4 percent month-on-month in December and 1.4 percent year-on-year, down from 1.5 percent in November. Of all components, energy prices rose…

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Italian parliament passes 2018 budget, clearing way for elections

By Gavin Jones ROME (Reuters) – Italy’s upper house Senate on Saturday gave parliament’s final approval to the government’s 2018 budget, clearing the way for national elections expected to be held in March. The financial law, which had already passed in the Chamber of Deputies, aims to lower next year’s fiscal deficit to 1.6 percent of gross domestic product from a targeted 2.1 percent this year. It also introduces a “web tax” from 2019, obliging companies to pay a three…

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Dollar Index Plumbs Three-Year Lows as ECB Taper Hopes Boost Euro By Investing.com

© Reuters. Dollar index plumbs three-year lows as ECB taper talk boosts euro Investing.com – The dollar slid to fresh three-year lows against a currency basket on Monday as demand for the euro continued to be underpinned by speculation that the European Central Bank is preparing to scale back its massive stimulus program. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 90.51 by 03:15 AM ET (08:15 AM GMT) after falling…

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UPDATE 1-European stocks build momentum as investors await U.S. tax

* STOXX 600 up 0.2 pct as tax reform bill anticipated * Dialog Semi rises after Tsinghua increases stake * Ryanair enjoys relief bounce * Old Mutual gains on Buxton UK sale (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) By Helen Reid LONDON, Dec 19 (Reuters) – European shares followed U.S. and Asian markets higher on Tuesday as investors awaited a long-anticipated U.S. tax reform bill which…

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London metal prices rise on drop in U.S. dollar

By Reuters Published: 21:16 EST, 14 January 2018 | Updated: 21:16 EST, 14 January 2018 MELBOURNE, Jan 15 (Reuters) – Base metals on the London Metal Exchange climbed on Monday, buoyed as the U.S. dollar came under pressure from expectations the European Central Bank may soon start trimming monetary stimulus. FUNDAMENTALS * COPPER: LME copper had risen 0.7 percent to $7,158.50 a tonne by 0117 GMT, reversing small losses from Friday. Prices have ping-ponged in a roughly $7,070-$7,315 range since…

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Dollar Weaker Against Yen In Early Asia Ahead of US Public Holiday By Investing.com

Dollar weaker in early Asia Investing.com – The dollar eased against the yen in early Asia on Monday in a light data day with US markets closed for the Martin Luther King public holiday. changed hands at 110.99, down 0.06%, while traded at 0.7917, flat. Investors digested a busy weekend of news, including prospects that Germany may soon be heading into a fresh coalition government, though some remarks suggest the deal remains a work-in-progress. traded at 1.2199, up 0.02%. The…

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