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.

French July inflation confirmed at 2.6 pct, highest…

French July inflation confirmed at 2.6 pct, highest since March 2012 By Reuters Published: 02:59 EDT, 14 August 2018 | Updated: 02:59 EDT, 14 August 2018 PARIS, Aug 14 (Reuters) – French EU-harmonised inflation rate in July reached its highest level since March 2012, coming in at 2.6 percent, according to final data from the INSEE national statistics office, which confirmed earlier forecasts. The July inflation was in line with an earlier flash estimate that had given the same level..…

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World equities slip on Turkish currency woes – Newspaper

NEW YORK: Turkey’s worsening currency crisis sent world equities lower and cut into the value of emerging market stocks and currencies on Monday, while boosting the prices of German bonds and other stable assets. The MSCI world equity index, which tracks shares in 47 countries, was down 0.7 per cent and 1.7pc since Friday’s open as the Turkish lira plunged to a record low, forcing the country’s finance minister to announce an economic action plan to ease nerves. The lira…

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Asian Markets Mixed as Investors Assess Uncertainty Over Turkey Crisis By Investing.com

© Reuters. Asian markets were mixed in morning trade on Tuesday Investing.com – Asian markets were mixed in morning trade on Tuesday as investors continued to digest the impact of the . Japan’s outperformed its regional peers and traded 1.4% higher by 9:41PM ET (01:41 GMT), as the gave up some of its recent gains amid safe haven demand on uncertainty in Turkey. China’s and the both slipped 0.4%, while Hong Kong’s also fell 0.6%. Taiwanese contract manufacturer Foxconn Technology…

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Italy’s League sees euro collapse without ECB bond…

Italy’s League sees euro collapse without ECB bond guarantee By Reuters Published: 11:23 EDT, 13 August 2018 | Updated: 11:23 EDT, 13 August 2018 By Gavin Jones ROME, Aug 13 (Reuters) – The economic spokesman of Italy’s ruling League party warned on Monday that unless the European Central Bank offers a guarantee to cap yield spreads in the euro zone, the euro will collapse. “The situation can’t be resolved, and it is going to explode,” Claudio Borghi told Reuters after…

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Turkish lira crisis and Brexit uncertainty shake investor confidence

Global bank stocks suffered as the Turkish lira crisis shook investor confidence in lenders exposed to the country while, in the US, Apple and Amazon hit record highs, offsetting declines in the shares of lenders. On a day the Iseq outperformed European peers, the pound neared a 13-month low amid uncertainty as to whether the UK will secure a trade deal with the EU. DUBLIN The Iseq improved by 0.07 per cent on the first day of the trading week,…

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European stocks dips to three-week low as Turkey dents lenders

LONDON (Reuters) – Banks dragged European shares down on Monday as the Turkish currency crisis shook investor confidence in lenders exposed to the country, while pharmaceuticals group Bayer sank 11 percent after its subsidiary Monsanto lost a key lawsuit. A trader works at Frankfurt’s stock exchange in Frankfurt, Germany February 6, 2018. REUTERS/Ralph Orlowski The pan-European STOXX 600 fell 0.2 percent and closed at a three-week low, with Germany’s DAX .GDAXI down 0.4 percent as pharmaceuticals group Bayer weighed. Bayer…

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LIVE MARKETS-It’s just a “rocky summer” – Finance News

Aug 13 – 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 IT’S JUST A ROCKY SUMMER (1359 GMT) Wall Street is in the black, which suggests that the lira crisis seems ready to take a breather or is at least no longer able to spread through developed markets at its recent pace.…

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LIVE MARKETS-Capex to the rescue – Finance News

Aug 13 – 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 CAPEX TO THE RESCUE (1224 GMT) On top of all the political worries denting markets, investors are also concerned about Europe’s business expansion – and particularly whether capital expenditure is healthy enough. JPM reckons capex is still on the up, a…

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Emerging Market Currencies Hit by Rout in Turkish Lira By Investing.com

© Reuters. Emerging market currencies hit by rout in Turkish lira Investing.com – Emerging market currencies were hit on Monday, as turmoil gripping financial markets over Turkey’s currency crisis drove investors into safe haven currencies, including the U.S. dollar, yen and Swiss franc. The lira fell to a record low against the dollar overnight, with hitting 7.0303, before pulling back to 6.8434 still up 6.87% for the day. The lira pared back some of its losses after pledged to provide…

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UPDATE 1-European stocks hit three-week low as Turkey stress dents lenders – UK Money News

* STOXX 600 down 0.3 pct, DAX down 0.4 pct * Bayer shares sink on Monsanto glysophate cancer link * United Internet jumps 6 pct on results, 5G ambitions * Unicredit, BBVA, BNP Paribas tumble on Turkey exposure (Updates prices, adds quotes, details) By Helen Reid LONDON, Aug 13 (Reuters) – Banks dragged European shares down on Monday as a growing economic crisis in Turkey shook investor confidence in lenders exposed to the country, while pharmaceuticals group Bayer sank 11…

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No risk of speculative attack on Italian markets – deputy PM – World

MILAN (Reuters) – Italy’s Deputy Prime Minister Luigi Di Maio said on Monday there was no risk of speculators attacking the country’s financial markets and that the government was working to stabilise the economic and financial situation. “I do not see the concrete risk of this government being attacked. It is more a hope of the opposition,” Di Maio said in an interview with Italian daily Corriere della Sera. He added that if “someone wants to use the markets against…

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REFILE-EMERGING MARKETS-EM currencies, shares hit by Turkey’s turmoil

(Refiles to fix one word in quote in 6th pargrapah) * Turkey’s lira at record lows $7.2149 as crisis with U.S. deepens * South African rand, Russia’s rouble also hit * Analysts fear contagion risks from lira’s crisis By Swati Pandey SYDNEY, Aug 13 (Reuters) – Emerging market currencies suffered a renewed bout of selling on Monday while Asian shares were a sea of red amid a deepening crisis for Turkey’s lira, which plunged to all-time lows on concerns over…

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Asian shares, euro trampled as Turkish rout spreads

SYDNEY (Reuters) – Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira infected the South African rand and drove demand for safe harbors, including the U.S. dollar, Swiss franc and yen. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018. REUTERS/Toru Hanai The run from risk dragged MSCI’s broadest index of Asia-Pacific shares outside Japan down 1.3 percent to…

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Asia shares, euro pressured by Turkish crisis

SYDNEY (Reuters) – Asia share markets slipped and the euro hit one-year lows on Monday as a fresh fall in the Turkish lira fueled demand for safe havens, including the U.S. dollar, Swiss franc and yen. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018. REUTERS/Toru Hanai Japan’s Nikkei lost 0.95 percent and MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.3 percent as bourses across the region turned…

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Asia shares, euro pressured by Turkish crisis

SYDNEY (Reuters) – Asia share markets slipped and the euro hit one-year lows on Monday as a fresh fall in the Turkish lira fueled demand for safe havens, including the U.S. dollar, Swiss franc and yen. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018. REUTERS/Toru Hanai Japan’s Nikkei lost 0.95 percent and MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.3 percent as bourses across the region turned…

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