Eurozone

EuroZone

Welcome to our EuroZone Blogs Section.

The collective group of countries which use the Euro as their common currency. The Eurozone came into being in 1999, and originally consisted of 11 countries. Now 17 countries are members of the Eurozone. The Eurozone does not include every country in the European Union (some countries are not yet using the Euro), and does not include every country who is using the Euro (to become part of the Eurozone, the country must use the Euro as its sole legal currency). As a currency union, monetary rules are created and maintained by the European Central Bank.

This term refers to the economic area, also known as Euroland, comprising the 17 countries that have adopted the euro.
The 17 countries are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal,Slovakia, Slovenia and Spain.

Below is the latest news and information blogs about EuroZone.

Gold prices slip to 18-month low on sturdy dollar

Gold prices slip to 18-month low on sturdy dollar By Reuters Published: 21:34 EDT, 14 August 2018 | Updated: 21:34 EDT, 14 August 2018 BENGALURU, Aug 15 (Reuters) – Gold prices slipped to their lowest since January 2017 early on Wednesday, pressured as the U.S. dollar clung to its highest in 13 months. FUNDAMENTALS * Spot gold was down 0.1 percent at $1,192.11 an ounce at 0110 GMT, after hitting its lowest since late January 2017 at $1,190.77. * U.S.…

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Italy, not Turkey, is the biggest threat to European banks, strategist says

Krisztian Bocsi | Bloomberg | Getty Images The euro sign sculpture stands outside the former European Central Bank (ECB) headquarters in Frankfurt, Germany, on Sunday, July 3, 2016. Investors are wary of rises in pensions and state benefits, given that Italy already has a significantly high public debt pile — the second largest in the euro zone, at about 130 percent of gross domestic product (GDP). If market players do not approve of the next budget, due around October, then…

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Turkish Lira rebounds to help global shares regain footing

LONDON – Reuters World share markets regained their footing on Aug. 14 as the threat from the collapse of the Turkish lira ebbed and reassuring German data offset signs of slowing growth in China. After three weeks of losses, Turkey’s lira finally recovered as the country’s central bank moved to ease pressure on the currency, triggering a 7 percent surge to 6.4 per dollar. It still lost almost 10 percent on Aug. 13 alone and has shed more than two-fifths…

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Germany shrugs off Brexit fears and trade threats to grow 0.5% in second quarter

The German economy, Europe’s largest, appears to have shrugged off Brexit fears and trade war threats to grow by 0.5 per cent in the second quarter of this year. After growth of 0.4 per cent in the first quarter compared to the end of 2017, analysts said the economy was “alive and kicking”, with a robust performance driven by both stronger consumer spending and state investment. “The strong economy and strong consumption are profiting from a good labour market,” said…

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UPDATE 3-Italian bond yields fall from two-month highs, Turkey fears ease

* Italian bond yields fall after Turkish lira drop eases * Italian PM soothes market, agrees to lower public debt * Global risk assets firmer * Euro zone GDP growth larger than expected, markets unmoved (Updates prices) By Virginia Furness LONDON, Aug 14 (Reuters) – Italian bond yields fell on Tuesday after sharp rises in recent sessions, thanks to reassuring comments from the government and as fears about contagion from Turkey eased for now. Having hit two-month highs on Monday…

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Eurozone second-quarter growth exceeds forecasts

Eurozone growth was better than expected in the second quarter of this year, flash estimates from the EU’s statistics office Eurostat showed yesterday, in a sign that the negative effect of global trade tensions might be seen only later in the year. While the economy expanded 0.4 percent in the second quarter, greater than expectations of 0.3 percent growth, industrial output in the in 19-country currency bloc fell sharply in June, driven by a collapse in machinery and equipment investment,…

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Eurozone growth better than expected

Euro zone growth was better than expected in the second quarter, flash estimates showed on Tuesday, in a sign that the negative effects of global trade tensions might be seen only later in the year. However, while the economy expanded by 0.4 percent in the second quarter, above forecasts of 0.3 percent growth, industrial output in the in 19-country currency bloc fell sharply in June driven by a collapse in machinery and equipment investment, European statistics office Eurostat said. Eurostat’s…

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World Bank CEO Kristalina Georgieva: Entry to the Eurozone will not lead to any significant price rise in Bulgaria

In an interview for the Bulgarian National Radio, World Bank CEO Kristalina Georgieva commented that Bulgaria’s entry into the Eurozone will not lead to any significant rise in prices. She added that as it moves towards the monetary union, the country will additionally consolidate its economic and finance system. Despite the obvious benefits of its entry to the Eurozone, Bulgaria must carry through numerous reforms, Kristalina Georgieva said.   Go to interview Source link

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LIVE MARKETS-Tesla vs esure: What does “funding secured” look like? – Finance News

Aug 14 – Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts on market moves: helen.reid.thomsonreuters.com@reuters.net TESLA VS ESURE: WHAT DOES “FUNDING SECURED” LOOK LIKE? (1050 GMT) “Funding secured” is set to become a classic catchphrase in the financial industry but not in a way that is likely to please Elon Musk, who claimed he had the…

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UPDATE 1-European shares rebound as Turkey stress eases and earnings provide support – Macroeconomic News

* STOXX 600 up 0.3 pct * Antofagasta tumbled 5.8 pct after results disappoint * RWE tops DAX on Innogy deal progress * Duerr jumps 4.1 pct on broker upgrade (Updates prices, adds quotes, details) By Helen Reid LONDON, Aug 14 (Reuters) – European shares bounced back on Tuesday after two days of heavy selling as investors’ anxieties over contagion from a Turkish currency crisis faded slightly, thanks to reassurances from the central bank and government. The Turkish lira firmed…

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UPDATE 1-European shares rebound as Turkey stress eases and earnings provide support – Macroeconomic News

* STOXX 600 up 0.3 pct * Antofagasta tumbled 5.8 pct after results disappoint * RWE tops DAX on Innogy deal progress * Duerr jumps 4.1 pct on broker upgrade (Updates prices, adds quotes, details) By Helen Reid LONDON, Aug 14 (Reuters) – European shares bounced back on Tuesday after two days of heavy selling as investors’ anxieties over contagion from a Turkish currency crisis faded slightly, thanks to reassurances from the central bank and government. The Turkish lira firmed…

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French July inflation confirmed at 2.6 pct, highest…

French July inflation confirmed at 2.6 pct, highest since March 2012 By Reuters Published: 02:59 EDT, 14 August 2018 | Updated: 02:59 EDT, 14 August 2018 PARIS, Aug 14 (Reuters) – French EU-harmonised inflation rate in July reached its highest level since March 2012, coming in at 2.6 percent, according to final data from the INSEE national statistics office, which confirmed earlier forecasts. The July inflation was in line with an earlier flash estimate that had given the same level..…

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World equities slip on Turkish currency woes – Newspaper

NEW YORK: Turkey’s worsening currency crisis sent world equities lower and cut into the value of emerging market stocks and currencies on Monday, while boosting the prices of German bonds and other stable assets. The MSCI world equity index, which tracks shares in 47 countries, was down 0.7 per cent and 1.7pc since Friday’s open as the Turkish lira plunged to a record low, forcing the country’s finance minister to announce an economic action plan to ease nerves. The lira…

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Asian Markets Mixed as Investors Assess Uncertainty Over Turkey Crisis By Investing.com

© Reuters. Asian markets were mixed in morning trade on Tuesday Investing.com – Asian markets were mixed in morning trade on Tuesday as investors continued to digest the impact of the . Japan’s outperformed its regional peers and traded 1.4% higher by 9:41PM ET (01:41 GMT), as the gave up some of its recent gains amid safe haven demand on uncertainty in Turkey. China’s and the both slipped 0.4%, while Hong Kong’s also fell 0.6%. Taiwanese contract manufacturer Foxconn Technology…

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Italy’s League sees euro collapse without ECB bond…

Italy’s League sees euro collapse without ECB bond guarantee By Reuters Published: 11:23 EDT, 13 August 2018 | Updated: 11:23 EDT, 13 August 2018 By Gavin Jones ROME, Aug 13 (Reuters) – The economic spokesman of Italy’s ruling League party warned on Monday that unless the European Central Bank offers a guarantee to cap yield spreads in the euro zone, the euro will collapse. “The situation can’t be resolved, and it is going to explode,” Claudio Borghi told Reuters after…

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Turkish lira crisis and Brexit uncertainty shake investor confidence

Global bank stocks suffered as the Turkish lira crisis shook investor confidence in lenders exposed to the country while, in the US, Apple and Amazon hit record highs, offsetting declines in the shares of lenders. On a day the Iseq outperformed European peers, the pound neared a 13-month low amid uncertainty as to whether the UK will secure a trade deal with the EU. DUBLIN The Iseq improved by 0.07 per cent on the first day of the trading week,…

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