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.

Eurozone Economic Growth Remains Solid in April

Eurozone Economic Growth Remains Solid in April Eurozone economic activity continued to expand at a robust pace in April, with solid growth signalled in both the manufacturing and service sectors. However, growth has downshifted in recent months. The latest expansion of output was the slowest since January 2017.       The final IHS Markit Eurozone PMI Composite Output Index posted 55.1 in April, down from 55.2 in March and below the earlier flash estimate (also 55.2). The headline index has…

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Euro zone investor morale falls on protectionism fears…

By Reuters Published: 04:33 EDT, 7 May 2018 | Updated: 04:33 EDT, 7 May 2018 BERLIN, May 7 (Reuters) – Investor morale in the euro zone deteriorated for the fourth month in a row this month to its lowest level since February 2017, hit by concerns about the possible introduction of U.S. tariffs and a protectionist spiral, a survey showed on Monday. Sentix’s index for the euro zone fell to 19.2 from 19.6 in April. The Reuters consensus forecast was…

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Euro zone bond yields edge down as data disappoints again – Macroeconomic News

* Bond yields dip, market supported by ECB rate outlook * Oil prices jump, German industrial orders fall * Trade subdued due to London holiday * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr By Dhara Ranasinghe LONDON, May 7 (Reuters) – Euro zone government bond yields dipped on Monday as an unexpected fall in German industrial orders served as a reminder that a softening in economic data will encourage the European Central Bank to prolong an unwinding of stimulus. German…

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RPT-COLUMN-Widest ever U.S.-European earnings gap set to narrow: McGeever

(Repeats May 4 story. No change to text. The opinions expressed here are those of the author, a columnist for Reuters.) By Jamie McGeever LONDON, May 4 (Reuters) – U.S. corporate profit growth is outpacing European profit growth at the fastest pace on record, but the anomaly is unlikely to last. The drivers of that divergence, such as the U.S. tax cuts, a weak dollar, and disparity between share buybacks on either side of the Atlantic are fading, and some…

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Shanghai zinc climbs off 9-month low as consumers buy

By Reuters Published: 21:43 EDT, 6 May 2018 | Updated: 21:43 EDT, 6 May 2018 MELBOURNE, May 7 (Reuters) – Shanghai zinc climbed off nine month lows to rally 1 percent on Monday, as consumers bought into the metal that has been in a shortage for much of the past year. FUNDAMENTALS * ZINC: Shanghai Futures Exchange zinc rose 1 percent, having hit its weakest since last August in the session before at 23,145 yuan ($3,639.78) a tonne amid concerns…

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Global Stocks Down 0.1%, On Track for Biggest Weekly Loss in a Month

World stocks, on Friday, May 4,  were set for their biggest weekly loss since the middle of March, while the dollar hovered near highs hit on its recent rally as investors awaited jobs data from the United States. The MSCI All-Country World Index .MIWD00000PUS, a gauge of stocks across 47 countries, was up less than 0.1 percent on the day. It was set for a 1.2 percent loss this week, its highest since the week ended March 23. Gains in…

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Merkel allies reject idea of European finance minister: Handelsblatt

BERLIN (Reuters) – Leading politicians from Chancellor Angela Merkel’s conservatives want to pass a resolution at a meeting this week to reject any pooling of debts in Europe and any fiscal policy without national parliamentary controls, Handelsblatt reported. German Chancellor Angela Merkel speaks during the celebrations of the 70th anniversary of the Women’s Union in Frankfurt, Germany, May 5, 2018. REUTERS/Ralph Orlowski The daily business newspaper, citing sources from the conservative bloc’s parliamentary leadership, said the senior politicians also oppose…

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Merkel allies reject idea of European finance minister…

By Reuters Published: 16:33 EDT, 6 May 2018 | Updated: 16:33 EDT, 6 May 2018 BERLIN, May 6 (Reuters) – Leading politicians from Chancellor Angela Merkel’s conservatives want to pass a resolution at a meeting this week to reject any pooling of debts in Europe and any fiscal policy without national parliamentary controls, Handelsblatt reported. The daily business newspaper, citing sources from the conservative bloc’s parliamentary leadership, said the senior politicians also oppose European Commission plans for a European finance…

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Eurozone Inflation Sinks To 1.2%: ECB Declares “Substantial Progress”

Euro Area Annual Inflation One has to wonder what alternate universe the ECB resides in, for multiple reasons. Mission Accomplished – Not Reuters reports ECB making ‘substantial’ inflation progress: Praet. “We cannot yet declare ‘mission accomplished’ on the inflation front, but we have made substantial progress on the path towards a sustained adjustment in inflation,” Praet, considered a dove on the rate setting Governing Council, said ECB Chief Economist Peter Praet in Paris on Thursday. Substantial Progress? The ECB’s target…

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Top Greek banks would lose 15.5bln euros of capital in stress scenario: ECB | Business | thenews.com.pk

Top Greek banks would lose 15.5bln euros of capital in stress scenario: ECB FRANKFURT/ATHENS: Greece´s four biggest banks said on Saturday that no new funding plans were needed after stress test results showed they would lose around 15.5 billion euros of their capital by 2020 under an adverse economic scenario. The health check by the European Central Bank, aimed at uncovering any capital shortage before Athens exits its 86 billion-euro ($106 billion) bailout in August, was carried out separately from…

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Stocks rebound; bank shares lag after poor HSBC, BNP results

Italy : Europe: Stocks rebound; bank shares lag after poor HSBC, BNP results May 05, 2018 (Euclid Infotech Ltd via COMTEX) — European shares bounced back on Friday as good company results rolled in, but bank stocks were left behind after poor updates from HSBC, BNP Paribas and Societe Generale. Broad-based gains lifted the pan-European Stoxx 600 index, which rose 0.6 per cent. The banking index, recently penalised by softer economic data and cooling expectations about monetary policy tightening, was…

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Amid trade tensions, Merkel commends Macron’s “elan”

By Reuters Published: 06:53 EDT, 5 May 2018 | Updated: 06:53 EDT, 5 May 2018 BERLIN, May 5 (Reuters) – Chancellor Angela Merkel praised French President Emmanuel Macron on Saturday for giving fresh impetus to the European project, lauding his “elan” despite differences between France and Germany over trade policy. Germany is pushing the idea of an agreement to lower tariffs across a broad spectrum of products, but France insists there must first be a permanent and unconditional exemption for…

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Top Greek banks would lose 15.5 billion euros of capital in stress scenario: European Central BankNile International

Greece’s four biggest banks would lose around 15.5 billion euros worth of their capital by 2020, or 9 percentage points of capital under an adverse economic scenario, results of a stress test published by the European Central Bank showed on Saturday. The health check, aimed at uncovering any capital shortage before Athens exits its 86 billion-euro ($106 billion) bailout in August, was carried out separately from a stress test of other euro zone banks. Test results for 33 lenders from…

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Top Greek banks would lose 15.5 billion euros of capital in stress scenario: ECB

By Balazs Koranyi and George Georgiopoulos FRANKFURT/ATHENS (Reuters) – Greece’s four biggest banks would lose around 15.5 billion euros worth of their capital by 2020, or 9 percentage points of capital under an adverse economic scenario, results of a stress test published by the European Central Bank showed on Saturday. The health check, aimed at uncovering any capital shortage before Athens exits its 86 billion-euro ($106 billion) bailout in August, was carried out separately from a stress test of other…

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Top Greek banks would lose 15.5 bln euros of capital in…

By Reuters Published: 06:33 EDT, 5 May 2018 | Updated: 06:33 EDT, 5 May 2018 By Balazs Koranyi and George Georgiopoulos FRANKFURT/ATHENS, May 5 (Reuters) – Greece’s four biggest banks said on Saturday that no new funding plans were needed after stress test results showed they would lose around 15.5 billion euros of their capital by 2020 under an adverse economic scenario. The health check by the European Central Bank, aimed at uncovering any capital shortage before Athens exits its…

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Global funds raise equity holdings, see supportive first-quarter earnings

LONDON: Global investors raised their equity holdings in April, highlighting supportive company earnings and solid economic growth, with a majority taking the view that the recent sell off in tech stocks was just a temporary setback. Reuters’ monthly asset allocation poll of 51 wealth managers and chief investment officers in Europe, the US, Britain and Japan was carried out from April 13 to 30. During this period, global economic data broadly disappointed while tech shares suffered a sharp sell off…

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