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.

Germany trims 2018 growth forecast but remains upbeat

By Reuters Published: 09:07 EDT, 25 April 2018 | Updated: 09:07 EDT, 25 April 2018 BERLIN, April 25 (Reuters) – The German government on Wednesday lowered its forecast for 2018 growth to 2.3 percent from 2.4 percent previously and expressed concern about international trade tensions, but insisted the “economy remains buoyant and the upturn is continuing”. The news of the trimmed forecast, confirming news reported by Reuters, came after the Ifo economic institute’s business confidence measure on Tuesday showed a…

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COLUMN-Once it gets going, ECB may be more reliable rate hiker than BoE: McGeever

(The opinions expressed here are those of the author, a columnist for Reuters.) By Jamie McGeever LONDON, April 25 (Reuters) – As the global shift towards higher interest rates moves up a gear, attention is turning to Europe’s two major central banks. Current market pricing strongly suggests the Bank of England will tighten further and faster than European Central Bank. But the reality may turn out to be quite different. Having hiked rates once last year to counter a slump…

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U.S. bond selloff drags euro zone borrowing costs higher

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr By Dhara Ranasinghe LONDON, April 25 (Reuters) – Bond yields in the euro area rose on Wednesday as a selloff in U.S. Treasuries gathered pace, although a looming European Central Bank meeting injected a note of caution into regional debt markets. The benchmark U.S. 10-year Treasury yield pushed further past 3 percent in early European trade, having broken the key level on Tuesday as a strong U.S. economy stoked expectations that a…

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Euro Nurses Losses, Hits Two-month Low

The European Single Currency, euro, on Tuesday, April 24, hit two-month low on increasing concerns that firmer U.S. Treasury yields would reduce incremental demand for the region’s bonds and stocks at a time when hedge funds have amassed record long bets in the single currency. The single currency EUR=EBS stabilized around $1.22 on Tuesday after having plumbed to a low of $1.2185 in the Asian session, its lowest since March 1. It has fallen 3 percent from a 2018 high…

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Italy’s 5-Star seeks talks with PD, slams door on the League

ROME (Reuters) – Italy’s anti-establishment 5-Star Movement opened the door to coalition talks with the centre-left Democratic Party (PD) on Tuesday, saying the only other way to end a political deadlock would be a return to the polls. Democratic Party (PD) member Maurizio Martina speaks following a talk with Italian President Sergio Mattarella at the Quirinale palace in Rome, Italy, April 12, 2018. REUTERS/Max Rossi Italian politics have been in limbo since an inconclusive vote on March 4, which saw…

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Euro zone yields drop but U.S. Treasury landmark hangs over market

* Bonds in demand ahead of Ifo survey, debt redemptions * But U.S. 10-year yields hover near landmark 3 pct level * Italy/Germany spreads still tight ahead of ECB meeting * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr By Abhinav Ramnarayan LONDON, April 24 (Reuters) – Investors resumed their buying of euro zone government bonds on Tuesday, pushing yields lower, as a glut of redemptions and a weaker economic climate re-asserted themselves as key drivers of the market. A survey…

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Santander posts 10 percent profit rise in first quarter on Brazilian strength

MADRID (Reuters) – Banco Santander (SAN.MC) opened Spain’s bank reporting season on Tuesday with a 10 percent rise in first-quarter net profit from a year earlier, beating analysts’ forecasts and helped by strong business in its largest market Brazil. A man walks past a Banco Santander branch in downtown Rio de Janeiro, Brazil January 29, 2018. Picture taken January 29. REUTERS/Ricardo Moraes Santander, the euro zone’s biggest bank by market value, reported net profit of 2.05 billion euros ($2.5 billion)…

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The Buzz | Eurozone interest rates could stay frozen well into 2019

Weaker signals from the economy and worries about a possible trade war between the United State and China have left the top monetary authority for the 19 countries that use the euro in no hurry to start withdrawing its monetary stimulus. And that means the central bank’s short-term interest rate benchmark will almost certainly stay at zero well into next year, ensuring low borrowing costs for businesses but miserly returns for savers. Analysts think ECB President Mario Draghi will try…

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Dollar climbs as U.S. 10-year bond yield flirts with 3 percent

NEW YORK (Reuters) – The U.S. dollar rallied to a four-month high on Monday as the 10-year Treasury yield’s climb toward the psychologically important 3 percent level spurred buying of the greenback, leaving the euro and yen lower. U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration The 10-year yield hit its highest in over four years at 2.998 percent, driven by worries about the growing supply of government debt and accelerating inflation…

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ECB mulls shelving rules tackling euro zone’s bad loans pile

FRANKFURT/WASHINGTON (Reuters) – The European Central Bank, after suffering a political backlash, is considering shelving planned rules that would have forced banks to set aside more money against their stock of unpaid loans. FILE PHOTO: The headquarters of the European Central Bank (ECB) and the Frankfurt skyline with its financial district are photographed on early evening in Frankfurt, Germany, March 25, 2018. REUTERS/Kai Pfaffenbach The guidelines, which were expected by March, had been presented as a main plank of the…

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German wage growth outpacing rest of eurozone: study | News

Wages in Germany have grown much faster than in other eurozone countries in recent years, a Bundesbank (central bank) study published Monday found, reversing conditions seen before the financial crisis that stoked intra-European resentment. Pay packets in Europe’s largest economy swelled by 2.7 percent per year on average between 2014 and 2017, far outpacing the 1.0 percent seen in the remaining 18 single currency nations. In the pre-crisis years from 2004 to 2007, German wages grew 0.6 percent annually compared…

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Euro zone bonds sell off as U.S. 10-year yield heads towards 3 percent – UK Money News

* U.S./German bond yield spread hits widest in 29 years * Oil prices are pushing investors out of govt bonds * Most euro zone bond yields up 2-4 bps * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr By Abhinav Ramnarayan LONDON, April 23 (Reuters) – Investors shed euro zone government bonds on Monday morning after 10-year U.S. Treasury yields headed towards the 3 percent mark as rising commodity prices force inflation expectations higher. Signs of a thawing of relations between…

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Gold: Gold slips to 2-week low as rising bond yields support dollar

BENGALURU: Gold prices slipped to their lowest level in nearly two weeks on Monday as the dollar remained supported on the back of rising US Treasury yields. FUNDAMENTALS Spot gold was down 0.1 per cent at $1,333.20 per ounce at 0051 GMT, after earlier touching its lowest since April 10 at $1,331.70. US gold futures fell 0.2 per cent to $1,335.50 per ounce. The dollar index , which measures the greenback against a basket of currencies, was up about 0.1…

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GRAINS-Wheat prices jump 1 pct as U.S. rains bring only…

By Reuters Published: 21:47 EDT, 22 April 2018 | Updated: 21:47 EDT, 22 April 2018 SYDNEY, April 23 (Reuters) – U.S. wheat futures rose 1 percent on Monday, rebounding from a 10-day low touched earlier in the session, as fears over the condition of the U.S. crop resurfaced as recent rains delivered only partial relief. FUNDAMENTALS * The most active wheat futures on the Chicago Board of Trade were up 1 percent at $4.82 a bushel by 0118 GMT, after…

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MAS, HSBC, J.P. Morgan, R3, Standard Chartered and IBM Join Blockchain for Finance Conference in Singapore – Eurozone News Today

MAS, HSBC, J.P. Morgan, R3, Standard Chartered and IBM Join Blockchain for Finance Conference in Singapore – Eurozone News Today – EIN News Trusted News Since 1995 A service for global professionals · Sunday, April 22, 2018 · 443,447,168 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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