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.

FOREX-Dollar vaults to year-high as Turkey crisis…

FOREX-Dollar vaults to year-high as Turkey crisis troubles euro By Reuters Published: 07:29 EDT, 15 August 2018 | Updated: 07:29 EDT, 15 August 2018 By Tom Finn LONDON, Aug 15 (Reuters) – The dollar rose on Wednesday to its highest levels in over a year as the Turkish lira crisis continued to trouble emerging markets feeding demand for the greenback as a safe-haven asset. Signs the U.S. economy remains robust ahead of an expected interest rate hike by the Federal…

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GRAPHIC-Turkey tantrum? Investors fret over contagion…

GRAPHIC-Turkey tantrum? Investors fret over contagion from lira plunge By Reuters Published: 05:59 EDT, 15 August 2018 | Updated: 05:59 EDT, 15 August 2018 By Ritvik Carvalho and Karin Strohecker LONDON, Aug 14 (Reuters) – The plunge in Turkey’s lira to a series of record lows over the past week sent tremors through global markets. While the currency has recovered a little lost ground since Tuesday, investors are fretting about contagion via stress on foreign banks and firesales of emerging…

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Southern European yields edge lower as global market selloff eases

* Turkey recovery boosts demand for low-rated European debt * Italian, Portuguese and Spanish yields 1-4 bps lower * German 30-year yield steady at 1 pct before auction * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr By Abhinav Ramnarayan LONDON, Aug 15 (Reuters) – Demand for southern European government bonds picked up on Wednesday as a global market selloff prompted by Turkey’s currency crisis eased, encouraging investors to pick up the extra yield on offer from Spain, Portugal and even…

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RPT-COLUMN-Global economic outlook is darkening: Kemp

(Repeats column that ran on Tuesday, with no changes) * Chartbook: tmsnrt.rs/2P8CShp By John Kemp LONDON, Aug 14 (Reuters) – Cyclical indicators point to slower and more uneven growth in the global economy for the rest of this year and into 2019, which means the rise in oil consumption is likely to moderate, especially for distillates like diesel. Economic growth remains strong in the United States, but in much of the rest of the world clear signs of slackening momentum…

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PRECIOUS-Gold prices slip to 18-month low on sturdy dollar

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. gold futures were down 0.1 percent at $1,199.1 an ounce. * Asian stocks sagged on Wednesday, failing to track Wall Street’s gains and with…

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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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