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.

German bonds set for strongest week since August,…

German bonds set for strongest week since August, Draghi tones down inflation view By Reuters Published: 06:57 EDT, 12 October 2018 | Updated: 11:42 EDT, 12 October 2018 By Dhara Ranasinghe LONDON, Oct 12 (Reuters) – German government bonds were set for their biggest weekly gain since August on Friday thanks to the equities rout and dovish comments on the inflation outlook from ECB chief Mario Draghi. Draghi said on Friday that underlying inflation in the bloc would rise gradually,…

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Piraeus Bank in talks with ECB for more time to issue…

Piraeus Bank in talks with ECB for more time to issue Tier-2 bond – sources By Reuters Published: 11:42 EDT, 12 October 2018 | Updated: 11:42 EDT, 12 October 2018 By George Georgiopoulos and Balazs Koranyi ATHENS/FRANKFURT, Oct 12 (Reuters) – Greece’s largest lender by assets, Piraeus Bank, has told the European Central Bank that it may miss a year-end target to raise capital because of unfavourable financial markets, sources familiar with the matter said. The ECB would like Piraeus…

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LIVE MARKETS-Is cannabis the new blockchain? – Internet News

* Euro STOXX gives up gains, down 0.1 pct * EuroSTOXX 50 volatility gauge falls back * Wall Street bounced back Oct 12 – 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 IS CANNABIS THE NEW BLOCKCHAIN? (1427 GMT) Remember a time not so long ago when any mention of the blockchain…

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GLOBAL ECONOMY-Crunch time for Italy, Brexit as leaders convene in Brussels – Macroeconomic News

By Philip Blenkinsop BRUSSELS, Oct 12 (Reuters) – Brussels, the political heart of Europe, could prove the centre of global market focus next week as Italy’s budget and Brexit talks overshadow economic data and central banks. World shares were on course for their worst week since February as a spike in U.S. bond yields, a U.S.-China trade war and other global risks have combined to undermine sentiment. One such risk is an impending dispute between Italy’s eurosceptic government and the…

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LIVE MARKETS-More than half the MSCI World is in a bear market – Politics News

* Euro STOXX reduces gains, up 0.4 pct * U.S. bank earnings awaited * EuroSTOXX 50 volatility gauge falls back * Bank, tech stocks drive the market Oct 12 – 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 MORE THAN HALF THE MSCI WORLD IS IN A BEAR MARKET (1041 GMT) BAML…

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ECB’s Draghi sees gradual, not vigorous core inflation rise

NUSA DUA, Indonesia (Reuters) – Underlying inflation in the euro zone will rise gradually in the coming years, European Central Bank President Mario Draghi said on Friday, toning down earlier remarks which foreshadowed a “relatively vigorous” rise. “Incoming information continues to support our confidence that the sustained convergence of inflation to levels below, but close to, 2 percent will proceed, and will be maintained even after a gradual winding-down of our net asset purchases,” Draghi said at the International Monetary…

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LIVE MARKETS-What’s on our radar: A bounceback to end a turbulent week – Finance News

Oct 12 – 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 WHAT’S ON OUR RADAR: A BOUNCEBACK TO END A TURBULENT WEEK (0648 GMT) A rebound in Asian shares (which excluded China) was set to spread to Europe on Friday with futures extending gains up 0.7 to 1.3 percent across the main…

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The world economy looks dependent on booming America

IT HAS been a nervy few days for financial markets. A sell-off in bond markets, prompted by monetary tightening in America, this week infected global stockmarkets, too. The S&P 500 share-price index fell by over 3% on October 10th, its worst day in eight months. Markets in Shanghai hit their lowest level for nearly four years the next day; those in Japan and Hong Kong closed around 3.5% lower. At first glance, the sell-off seems odd. The world economy is…

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The world economy looks dependent on booming America

IT HAS been a nervy few days for financial markets. A sell-off in bond markets, prompted by monetary tightening in America, this week infected global stockmarkets, too. The S&P 500 share-price index fell by over 3% on October 10th, its worst day in eight months. Markets in Shanghai hit their lowest level for nearly four years the next day; those in Japan and Hong Kong closed around 3.5% lower. At first glance, the sell-off seems odd. The world economy is…

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London aluminium eyes 4 pct weekly fall, biggest since…

London aluminium eyes 4 pct weekly fall, biggest since June By Reuters Published: 22:12 EDT, 11 October 2018 | Updated: 22:12 EDT, 11 October 2018 MELBOURNE, Oct 12 (Reuters) – London aluminium steadied on Friday after metals were caught in a widespread market sell-off this week and ahead of Chinese trade data later in the session, but it was set for its biggest weekly drop since June as concerns over raw material costs eased. FUNDAMENTALS * ALUMINIUM: London Metal Exchange…

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ASX down but bargain hunters emerge

On Friday morning, Fairfax, publisher of The Australian Financial Review, Nine and Domain, which is 60 per cent owned by Fairfax, released trading updates ahead of the document release to investors in the afternoon. Nine reiterated its existing 2018-19 guidance of earnings before interest, tax, depreciation and amortisation of between $280 million and $300 million, before special items. Fairfax noted overall revenue was down 5 per cent in the year-to-date, largely dragged down by Australia Community Media, down 10 per…

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ASX set for more damage

The sell-off continues, and despite a brief pause during Wall Street trade that opened hopes of an end to this rout, it was quickly dashed as investors went back to dumping stocks, says Kyle Rodda. It sets up the ASX for more losses, a day after $50b was wiped off the ASX. SPI futures point to a 47-point drop at the open for the ASX200, with IG pricing suggesting the market should land just above support at 5810. If this…

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Italy’s debt needs to come down, EU’s Moscovici says

“This is why I would say this is a delicate matter,” Moscovici added. Italy and the European Commission have been embroiled in an ongoing battle of words over Rome’s 2019 budget. The anti-establishment Italian government has said that it will change previous reforms and raise public spending, bringing the country’s deficit to 2.4 percent of GDP in 2019 —a number that Brussels has already criticized for being three times higher than what Italy had agreed to earlier this year. “We…

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Cheap and unloved: Europe Inc can’t afford third-quarter miss as Wall Street gap widens

By Danilo Masoni and Helen Reid MILAN/LONDON (Reuters) – The third-quarter reporting season kicks off this week with European companies on track for a second year of solid profit growth, but investors are shunning them even though valuations have not been this cheap since the euro zone crisis. As a result, European companies cannot afford to disappoint market expectations if they want to attract investors back to a region they have spurned in favour of Wall Street. European equities have…

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ECB’s rising growth fears not enough to derail policy: minutes

FRANKFURT (Reuters) – Global trade tensions could slow euro zone growth further and European Central Bank policymakers debated last month whether to downgrade their risk assessment, minutes of their September meeting showed on Thursday. FILE PHOTO: European Union flags flutter outside the European Central Bank headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/File Photo But policymakers ultimately concluded that the domestic economy was showing enough resilience to consider risks broadly balanced, even if some argued that the factors behind…

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EU’s Katainen warns of contagion risks from instability due to Italy budget

BRUSSELS, Oct 11 (Reuters) – European Commission Vice President Jyrki Katainen urged Italy on Thursday to submit a draft budget that was in line with its previous commitments and warned of risks for Italy and other euro zone states. “The situation is very fragile,” he told reporters when asked about Italy’s budgetary plans and initially negative market reactions. He added that no one wanted financial instability that could hit Italy and other euro zone countries “that may suffer from contagion…

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