Eurozone

Exiled Catalonian leader vows to RETURN after separatists win regional election plunging Spain into fresh crisis

Catalonia’s separatist leader Carles Puigdemont is close to regaining leadership of the region in a blow to Spanish Prime Minister Mariano Rajoy who sacked him two months ago, reigniting Spain’s worst political crisis in decades. With 96 percent of ballots counted in a vote to elect Catalonia’s regional parliament, separatist parties are seen winning 70 seats out of 135, with Puigdemont’s Junts Per Catalunya (Together for Catalonia) party retaining its position as the largest separatist force. A pro-independence absolute majority…

Read More

Eurozone shares tumble as tax bill drives euro up against dollar

EU shares dropped yesterday, ext-ending their decline from the previous session as currency dynamics took hold of the stock market. The dollar’s dip as investors considered a US tax overhaul a done deal translated into a euro boost and hurt eurozone benchmarks. Eurozone stocks fell 0.7 per cent and the top index of eurozone companies dropped 0.8 per cent. Germany’s exporter-heavy DAX index fell 1.2 per cent. Britain’s FTSE 100, insulated from the euro’s gains, edged 0.3 per cent lower.…

Read More

World Stock Index Slips Off Record High

World stock markets stumbled just below recent record highs while U.S. Treasury yields held near multi-month peaks on Wednesday, December 20, as the final procedural throes of long-awaited U.S. tax reform played out in Washington. MSCI’s world equity index .MIWD00000PUS, which tracks shares in 47 countries, was little changed and holding just below record highs hit on Monday. The Republican-led U.S. Senate approved the sweeping $1.5-trillion tax bill in the early hours of Wednesday. A re-vote by the House of…

Read More

Germany takes political vacuum in its stride, for now

BERLIN (Reuters) – Largely unperturbed by Angela Merkel’s failure to form a government after a September election, many Germans are taking the prospect of several more months of coalition talks in their stride. The country is used to lengthy transitions but this is the longest since reunification in 1990. It is 87 days since the election and few experts see a government in place before March. EU leaders fear delays to euro zone integration plans, some of which are to…

Read More

Eurozone Current Account Data Due

Current account data from euro area is due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is slated to publish Germany’s producer price figures for November. Inflation is forecast to slow slightly to 2.6 percent from 2.7 percent in October. At 3.30 am ET, Sweden’s central bank is set to announce its interest rate decision. Riksbank is widely expected to keep its key rate at -0.50 percent. At 4.00 am ET, the…

Read More

Dollar firm on tax cut hopes, euro gains on spike in bond yields

TOKYO (Reuters) – The dollar was supported on Wednesday by expectations of a U.S. tax overhaul while a sharp rise in German bond yields helped to underpin the euro. The House of Representatives approved the biggest U.S. tax overhaul in 30 years on Tuesday, though Congressional Republicans will likely need to hold another vote later on Wednesday because of to procedural issues. The dollar fetched 112.87 yen, extending its rebound from Friday’s low of 112.035, with last week’s high of…

Read More

Eurozone stock markets retreat – Channel NewsAsia

LONDON: The eurozone’s main stock markets pulled back on Tuesday (Dec 19) as the euro climbed higher and investors digested news that German business confidence dipped slightly below last month’s record high. Frankfurt’s DAX 30 index and the Paris CAC 40 both shed 0.7 per cent as the euro gained against the dollar. Leading indices in the single-currency area had risen by around 1.5 per cent on Monday as US President Donald Trump’s tax-cutting plans moved a step closer. On Tuesday…

Read More

Estonia’s November inflation was the highest in eurozone :: The Baltic Course

Estonia’s inflation in November was 4.5%, the highest inflation in the eurozone during the month, while the average inflation in the euro area increased by 0.1 percentage points on month to 1.5%, it can be seen from data released by Eurostat, cites LETA/BNS. In the European Union as a whole inflation moved up 0.1 percentage points to 1.8% in November compared to October. In November 2016 inflation was 0.6% in the eurozone as well as in the EU.   No…

Read More

Merkel wants outline coalition deal with SPD by mid-January

BERLIN (Reuters) – Chancellor Angela Merkel said on Monday she wanted to conclude exploratory talks on a possible coalition with the center-left Social Democrats (SPD) by mid-January to end Germany’s political deadlock. Merkel was asked if comments by her and President Emmanuel Macron that Germany and France hope to make progress on ideas to reform the euro zone by March were realistic, given the risk that talks with the SPD could falter. “I mentioned March because we want to hold…

Read More

German yield curve flattest in almost six months

LONDON, Dec 18 (Reuters) – The yield curve in Germany, the euro zone’s biggest economy and its benchmark bond issuer, was its flattest in almost six months, Tradeweb data showed on Monday. The gap between German 30 and 2-year bond yields shrank to 178 basis points, its tightest since late June. “To some extent, it’s following the U.S. curve, where we’ve seen this very aggressive performance of the ultra long end,” said Commerzbank rates strategist Michael Leister. “It’s also a…

Read More

Gold Steadies at $1,253.20/Ounce Amid Weak Dollar

Window display of jewelry shop Gold prices were steady in Asian trade on Friday, December 15, poised for their first weekly gain in four, as the dollar sagged on concerns about the progress of U.S. tax reform. Spot gold was nearly unchanged at $1,253.20 an ounce, as of 0054 GMT, after dipping 0.2 percent in the previous session. Bullion was on track for its first weekly gain in four weeks. U.S. gold futures edged down 0.1 percent at $1,255.70.  The dollar was on the defensive on…

Read More

Global Stocks Move Toward Third Week of Gans

World stocks dropped on Friday, December 15, and the dollar slipped against major and heavyweight emerging market currencies, as nagging uncertainty about a U.S. tax cuts package dovetailed with broad-based end-of-year caution. It was a groggy end to what was still set to be a third week of gains for MSCI’s global stock index .MIWD00000PUS following more upbeat data and signs that central banks including the Federal Reserve have no plans to really jack up interest rates. U.S. futures markets…

Read More

SPD leader wants Merkel to relinquish finance ministry: Handelsblatt

BERLIN (Reuters) – Germany’s Social Democrats (SPD) leader Martin Schulz wants Chancellor Angela Merkel’s conservatives to leave the powerful finance ministry to his center-left party in coalition talks, a report in business daily Handelsblatt said. SPD leaders agreed on Friday to open exploratory talks on forming a government with Merkel’s center-right bloc, providing a chance to end a rare period of political deadlock in Europe’s economic powerhouse after an inconclusive federal election. Merkel, who lost many supporters to the far-right…

Read More

Euro zone businesses end 2017 on near seven-year high, PMIs show

By Jonathan Cable LONDON, Dec 14 – Businesses across the euro zone are ending 2017 on a near seven-year high, a survey showed on Thursday, with demand picking up along with rising prices and forward-looking indicators pointing to a busy start to 2018. The results were better than economists polled by Reuters expected, with factories marking their best month in the survey’s two decades of history, while activity also accelerated in the services industry. “It’s a super end to the…

Read More

SNB signals potential policy shift by raising inflation outlook

By John Revill and Silke Koltrowitz BERN (Reuters) – The Swiss National Bank expects inflation in Switzerland to exceed its target in three years – an indication of when it might exit its ultra-loose monetary policy. The SNB kept that policy in place on Thursday, saying the Swiss franc weakened this year but remained “highly valued”. The bank was in “no rush at all” to start normalising policy, Chairman Thomas Jordan said, even though the economy is performing well and…

Read More

Kiwi strongest in Asia, Eurozone trade data eyed

Resurgent broad-based US dollar weakness remained the main underlying theme in Asia on the final trading day of this week, as a result of which most majors benefited. However, the Kiwi emerged the big mover as well the strongest across the board, after the NZ FinMin Robertson talked up the NZD. The Yen remained better bid on the back of some improvement seen in the BoJ survey of firms (Tankan series) and BoJ headlines. Among other related markets, the Asian…

Read More
About

Business on the Web provides the latest Business News: Breaking Personal Finance, Company,  Financial and Economic News.

Our blogs are an excellent place for technology professionals to get up-to-date industry news. Blogging about the hottest education technology issues.

Social Links