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.

Italian government tensions make for volatile day in…

Italian government tensions make for volatile day in bond markets By Reuters Published: 04:08 EDT, 3 August 2018 | Updated: 12:33 EDT, 3 August 2018 By Abhinav Ramnarayan and Virginia Furness LONDON, Aug 3 (Reuters) – Italy’s bonds tanked early on Friday as investors fretted over tensions within the government, before making up a large chunk of the losses during a volatile session in Italian bond markets. Prime Minister Giuseppe Conte summoned top ministers to discuss next year’s budget as…

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UPDATE 5-Italian government tensions make for volatile day in bond markets – Macroeconomic News

* Key budget meeting sparks worries over Italy budget * Economy minister Tria says satisfied with outcome * Italian 2-yr yields erase losses after Tria comments * Italian Treasury buys back 950m euros of debt (Adds Tria comment, detail on Italy Treasury bond buyback, replaces graphic) By Abhinav Ramnarayan and Virginia Furness LONDON, Aug 3 (Reuters) – Italy’s bonds tanked early on Friday as investors fretted over tensions within the government, before making up a large chunk of the losses…

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UPDATE 3-Renewed Italian government tensions fuel bond sell off – Macroeconomic News

* Italian 2, 5 yr yields rise over 20 bps in early trade * Key Italian govt officials due to meet on budget * NFPs due later in day, U.S. 10-yr yield below 3 pct (Adds partial recovery in Italian government bonds, adds U.S. employment data) By Abhinav Ramnarayan LONDON, Aug 3 (Reuters) – Short-dated Italian government bonds sold off for the second straight day on signs of deepening tension within the Italian government that are raising the prospect of…

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Ebbing euro zone growth saps business optimism

Ebbing euro zone growth saps business optimism By Reuters Published: 07:48 EDT, 3 August 2018 | Updated: 07:48 EDT, 3 August 2018 By Jonathan Cable LONDON, Aug 3 (Reuters) – Business activity in the euro zone lost some momentum at the start of the third quarter, hampered by a drop in new orders that sapped optimism in the private sector, a survey showed on Friday. But the pace of growth remained fairly robust, supporting European Central Bank plans to end…

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Euro zone June retail sales below expectations

BRUSSELS (Reuters) – Retail sales in the 19 countries sharing the euro currency rose by less than expected, data from the European statistics office Eurostat showed on Friday. The volatile and often revised indicator rose 0.3 percent in June compared to May, for a 1.2 percent annual increase, below the 0.4 and 1.4 percent expected in a Reuters poll of 20 economists. The June figures were boosted by monthly increases of food, drinks and tobacco sales as well as online…

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Euro zone business growth slowed in July, optimism fading – PMI

By Jonathan Cable LONDON (Reuters) – Euro zone business growth was sluggish at the start of the third quarter as expected, hampered by a drop in new orders that sapped private-sector optimism, a survey showed on Friday. While the pace of growth was subdued it remained fairly robust and so is unlikely to alter the thinking of policymakers at the European Central Bank, who last week reaffirmed plans to end a 2.6 trillion euro stimulus programme. IHS Markit’s Euro Zone…

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Economist: Greece exits its bail-out programme, but its marathon has further to go

Growth is disappointing, article points out The Economist magazine underlines that despite Greece exiting its bailout programme, the country is a long way from returning to normality. In a piece entitled “Greece exits its bail-out programme, but its marathon has further to go”, the article points out that growth is disappointing while doing business in Greece is very difficult. Form The Economist: “NO ONE buys furniture in a crisis,” laments Konstantinos Vourvoulakis. He and his father used to sell handmade furniture, but…

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LME copper falls for third day, heads for worst week in…

LME copper falls for third day, heads for worst week in four By Reuters Published: 22:38 EDT, 2 August 2018 | Updated: 22:38 EDT, 2 August 2018 BEIJING, Aug 3 (Reuters) – London Metal Exchange copper prices were lower for a third day in early Asian trade on Friday, as the prospect of an all-out Sino-U.S. trade war continued to outweigh a looming strike at the world’s largest copper mine. LME copper is on course for a drop of 3…

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GRAINS-Wheat firms, set to finish the week up 6.5 pct

GRAINS-Wheat firms, set to finish the week up 6.5 pct By Reuters Published: 20:53 EDT, 2 August 2018 | Updated: 20:53 EDT, 2 August 2018 SYDNEY, Aug 3 (Reuters) – U.S. wheat futures rose on Friday to hold near a three-year high touched in the previous session as fears that adverse weather will crimp global production pushed the grain towards weekly gains more than 6 percent. FUNDAMENTALS * The most active wheat futures on the Chicago Board Of Trade are…

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Trade fight drags, but Apple’s $1trln milestone boosts…

By Laila Kearney NEW YORK, Aug 2 (Reuters) – An intensifying trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above a record $1 trillion and helped major U.S. indexes close in positive territory. In midday trading, Apple Inc became the first publicly traded company with a market capitalization exceeding $1 trillion. That led a rebound in technology stocks that helped key U.S.…

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Trade spat dogs markets, but Apple’s $1-trillion…

By Laila Kearney NEW YORK, Aug 2 (Reuters) – A deepening trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above a record $1 trillion and helped lift major U.S. indexes into positive territory. In midday trading, Apple Inc became the first publicly traded company with a market capitalization exceeding $1 trillion. That led a rebound in technology stocks that helped key U.S.…

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Trade spat weighs on markets, but Apple’s $1-trillion…

By Laila Kearney NEW YORK, Aug 2 (Reuters) – A deepening trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above $1 trillion, the most for a U.S.-listed company, and helped lift some U.S. indexes. In midday trading, Apple Inc became the first publicly traded company with a market capitalization exceeding $1 trillion. That led a rebound in technology stocks that helped key…

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Intensifying U.S.-China trade fight drags down stocks,…

Intensifying U.S.-China trade fight drags down stocks, bond yields By Reuters Published: 11:43 EDT, 2 August 2018 | Updated: 11:43 EDT, 2 August 2018 By Laila Kearney NEW YORK, Aug 2 (Reuters) – A deepening trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, prompting investors to shed risky assets in favor of safer ones amid uncertainty over future tariffs. The trade spat between the world’s top two economies intensified on Wednesday…

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INTERVIEW-Migration concerns will dominate EU elections…

INTERVIEW-Migration concerns will dominate EU elections next year, Czech leader says By Reuters Published: 09:33 EDT, 1 August 2018 | Updated: 08:33 EDT, 2 August 2018 By Jason Hovet and Robert Muller PRAGUE, Aug 1 (Reuters) – Europe’s migration problems will be the top voter concern in European Union elections next May, drawing out a silent majority of anti-immigration voters, Czech Prime Minister Andrej Babis said. Babis said the problems in the bloc’s border-free Schengen zone were more urgent than…

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Euro zone bond yields dip on trade tensions; BoE in focus

Euro zone bond yields dip on trade tensions; BoE in focus By Reuters Published: 03:48 EDT, 2 August 2018 | Updated: 03:48 EDT, 2 August 2018 By Dhara Ranasinghe LONDON, Aug 2 (Reuters) – Euro zone government bond yields edged down on Thursday, with borrowing costs in Germany and France pulling back from seven-week highs as escalating U.S.-China trade tensions lifted demand for safe-haven debt. There was also some relief from Japan, where government bond (JGB) yields edged off 1-1/2…

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