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.

‘Solid growth’ as Eurozone factory boom slows again

Fresh data confirmed the slowdown, with the growth rate during March the slowest in eight months, according to IHS Markit. The pace of growth was hit as the fear of a global trade war permeated businesses. Ireland’s manufacturing performance last month was hit by the impact of Storm Emma. The weakest manufacturing growth last month across the Eurozone was recorded in Ireland and France. But the latest Eurozone figures showed that the manufacturing purchasing managers’ index (PMI) stood at 56.6…

0
Read More

Shanghai metals prices fall as U.S.-China trade row…

By Reuters Published: 22:17 EDT, 3 April 2018 | Updated: 22:17 EDT, 3 April 2018 BEIJING, April 4 (Reuters) – Shanghai base metal prices mostly fell on Wednesday after the United States announced fresh tariffs on 1,300 Chinese products, including some metal products, escalating a trade row with China, which has vowed to respond. FUNDAMENTALS * SHFE COPPER: The most-traded May copper contract on the Shanghai Futures Exchange, which has risen for five trading days in a row, was flat…

0
Read More

Eurozone factory boom stumbles again in March but growth solid: PMI

Singapore : Eurozone factory boom stumbles again in March but growth solid: PMI Apr 03, 2018 (Euclid Infotech Ltd via COMTEX) — The eurozone’s manufacturing boom stumbled for a third month in March as optimism waned and demand ebbed, a survey showed on Tuesday, but output remained robust and expansion was still broad-based across the region. Factories in the bloc ended 2017 with record strong growth so any slowdown from that pace is unlikely to stop decision-makers at the European…

0
Read More

ECB sells Telefonica bond after spotting 2-year-old error

FRANKFURT, April 3 (Reuters) – The European Central Bank has sold bonds issued by Telefonica Deutschland after realising, nearly two years later, it should never have bought them under its own rules. The O2-Telefonica bonds, purchased in 2016 and due to mature in November, were removed on Tuesday from a list of more than 1,000 corporate issues bought by the ECB as part of its efforts to boost inflation in the euro zone. It is the third time that the…

0
Read More

LIVE MARKETS-Concerns “overblown” as trade war risk fades – Politics News

April 3 – 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 CONCERNS “OVERBLOWN” AS TRADE WAR RISK FADES (1222 GMT) Along with U.S. futures pointing to a brighter trading session across the pond, Goldman Sachs is pretty optimistic we are over the worst, as we turn the page after a tumultuous Q1.…

0
Read More

French manufacturing growth slowest in a year in March,…

By Reuters Published: 03:52 EDT, 3 April 2018 | Updated: 03:52 EDT, 3 April 2018 PARIS, April 3 (Reuters) – French manufacturing grew in March at the slowest pace in a year as customer demand weakened in the face of a stronger euro and bad weather, a survey showed on Tuesday. Data compiler IHS Markit said its monthly final purchasing managers’ index fell to 53.7 in March from 55.9 in February. That brought the index closer to the 50-point line…

0
Read More

GRAINS-Wheat rallies after USDA confirms damage from…

By Reuters Published: 21:37 EDT, 2 April 2018 | Updated: 21:37 EDT, 2 April 2018 SYDNEY, April 3 (Reuters) – U.S. wheat futures rose more than 0.5 percent on Tuesday after the U.S. Department of Agriculture said the crop condition has suffered from recent dry weather, threatening output from the world’s largest exporter. FUNDAMENTALS * The most active wheat futures on the Chicago Board Of Trade were up 0.7 percent at $4.49-1/2 a bushel by 0047 GMT, having closed down…

0
Read More

The essential guide – POLITICO

Hungarian Prime Minister Viktor Orbán, champion of illiberal democracy and migration hard-liner, was widely expected to cruise to a fourth term next Sunday but has faced a surprisingly tense and bruising campaign. Spying allegations, fake news, leaks, counterleaks and corruption scandals have all featured in the lead-up to the April 8 general election. Never far away from the government’s attacks on their opponents have been efforts to pin blame on Hungarian-American financier George Soros, Orbán’s liberal nemesis. While Orbán’s Fidesz…

0
Read More

This Day In Market History, April 2: Eurozone Unemployment Hits 12%

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day five years ago, unemployment in the eurozone hit a record high of 12 percent. Where The Market Was The Dow finished the day at 14,662.01. The S&P 500 finished at 1,570.25. Today, the Dow is trading at 24,035.40 and the S&P 500 is trading at 2,640.87. What Else Was Going On In The World? In 2013, Edward Snowden…

0
Read More

Global Economy Week Ahead: Eurozone Inflation, U.S. Jobs, Australia Rate Decision

April 1, 2018 3:00 p.m. ET This week features inflation and unemployment figures in Europe, the March U.S. jobs report, and an interest-rate decision by Australia’s central bank. TUESDAY: The Reserve Bank of Australia releases a policy statement and is widely expected to keep rates steady, which would mark the 20th consecutive month without a change. The inflation outlook, high business confidence, weak wage growth and consumer spending risks give the RBA reason to stand pat. WEDNESDAY: The eurozone’s annual…

0
Read More

Eurozone Data Headline A Quiet Good Friday

The global financial markets will have very little to report on Friday, with most traders pausing for the Easter long weekend. That being said, Good Friday will see a small handful of important data that traders may want to consider when they return to action next week. Action begins at 06:45 GMT with a report on French and . The consumer price index (CPI) is projected to grow 2.1% for February, after plunging 1.9% the previous month. France’s {{ecl-941||}} is…

0
Read More

U.S. Jobs, Eurozone Flash Inflation Take Center Stage In Upcoming Week

The upcoming week is set to be busier relative to the past one in terms of economic releases, featuring among others what is arguably the most significant monthly release out of the US, namely the country’s jobs report. Eurozone preliminary inflation figures for March is another data set that will be closely watched by market participants, while the Reserve Bank of Australia will be holding a meeting on monetary policy. RBA set to remain on hold amid trade uncertainties The…

0
Read More

Eurozone: Pent-up Corporate Investment Demand?

Eurozone business investment in relation to GDP is still below the previous cyclical peak but the difference is small, implying that the argument of pent-up demand isn’t that strong However, the picture varies a lot depending on the country In most countries, including the big four, the business climate is above the level registered at the end of 2007 This means that the investment/GDP ratio still has upside potential provided that confidence is translated into spending…

0
Read More

Capital Markets in April, 2018

For the best part of 24-months, equity markets have rallied steadily, matching the longest winning streak ever without a correction. That period ended abruptly in February when global stock indices tumbled into a correction brought on by worries about higher interest rates and exacerbated by complacency and a new threat of ‘trade wars.’ The prospect of a trade war extended the volatility into March and may watch over market sentiment for months to come, potentially sending ripples through the delicate…

0
Read More

German finance ministry sees hefty interest rate rises…

By Reuters Published: 08:12 EDT, 31 March 2018 | Updated: 08:12 EDT, 31 March 2018 BERLIN, March 31 (Reuters) – Germany’s finance ministry expects interest rates to rise in coming years, causing new Minster Olaf Scholz to take steps to cushion additional costs to meet budget goals, Der Spiegel weekly reported on Saturday. “The financial planning up to 2022 (envisages) a necessary normalisation of the capital market environment,” Spiegel cited an internal document as saying. Experts usually see interest rates…

0
Read More

GBP/EUR Outlook to Rise if Eurozone Inflation Concerns Worsen » Future Currency Forecast

Pound to Euro Exchange Rate Outlook Becoming Focused on Eurozone Inflation Despite some decent UK data this week, the Pound to Euro (GBP/EUR) exchange rate continued to see mixed trade on Thursday. Euro (EUR) investors highly anticipated upcoming inflation stats from Eurozone nations. Since opening the week at the level of 1.1434, GBP/EUR has fluctuated between highs of 1.1469 and lows of 1.1369. During Thursday morning trade the pair trended closely to the level of 1.1400. Despite the pair trending…

0
Read More