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.

GLOBAL MARKETS-Stocks bounce back despite Italy angst; dollar dips – UK Money News

* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh * Italian 10-yr bond yield at 4-1/2-yr high; spread to Bunds jumps * Euro recovers after falling to 2-month low * (Updates prices, comments, changes dateline; previous LONDON) By Rodrigo Campos NEW YORK, Oct 19 (Reuters) – Stocks rose across the world on Friday with a global index aiming to avoid a fourth consecutive weekly loss, but concerns over Italy’s budget weighed on its stocks and bonds. The benchmark Italian bond yield…

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EU urges deeper cuts to France’s long-term deficit

BRUSSELS (Reuters) – The European Commission told France, Spain, Belgium, Portugal and Slovenia on Friday that their 2019 budget proposals did not meet recommended targets for cutting longer-term deficit cycles, but Paris played down the criticism. As part of its role to police euro zone budgets and avoid crises that can threaten the currency area, the Commission sent letters to the five countries, saying they were not cutting their structural deficits as deeply as agreed. In its letter to the…

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Footnanny CEO Gloria L. Williams Inks a Deal with International Retail Giant Costco – Eurozone News Today

Footnanny CEO Gloria L. Williams Inks a Deal with International Retail Giant Costco – Eurozone News Today – EIN News Trusted News Since 1995 A service for global professionals · Friday, October 19, 2018 · 465,613,513 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Stocks bounce back despite Italy angst; dollar dips

By Rodrigo Campos NEW YORK, Oct 19 (Reuters) – Stocks rose across the world on Friday with a global index aiming to avoid a fourth consecutive weekly loss, but concerns over Italy’s budget weighed on its stocks and bonds. The benchmark Italian bond yield rose to 4-1/2 year highs and the euro touched a 10-day low before rebounding as the European Union called Rome’s draft budget an “unprecedented” breach of EU fiscal rules. The selling of Italian assets subsided after…

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LIVE MARKETS-Autos drive into a ditch as Daimler warns on profit – UK Money News

* STOXX 600 dips * EU-Italy tug-of-war hits Milan, yields rise * Michelin, Bouygues tumble on weak forecasts * Sopra Steria sinks 24 pct on revenue outlook cut * Daimler profit warning drives autos down sharply Oct 19 – 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 AUTOS DRIVE INTO A DITCH…

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Eurozone stocks retreat on mounting woes in Italy, China

China’s economy expanded at its slowest pace for nine years in the third quarter, fuelling concerns about the key driver of global growth Eurozone equities slid Friday after Brussels slammed Rome over its 2019 budget plans, with sentiment hurt also by weak Chinese growth data, poor French corporate news and rising global interest rates, dealers said. Milan’s stock market was down 0.8 percent in afternoon deals after the European Commission formally warned Italy late Thursday that its budget plans for…

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LIVE MARKETS-It’s not like before the Feb correction – it’s worse – Finance News

* STOXX 600 dips * EU-Italy tug-of-war hits Milan, yields rise * Michelin, Bouygues tumble on weak forecasts * Takeover bid boosts Intu Properties * Sopra Steria sinks 24 pct on revenue outlook cut Oct 19 – 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 NOT LIKE BEFORE THE FEB CORRECTION…

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Euro slips over Italy budget worries

Investors have sold Italian bonds and the euro, with Italy’s bond yield hitting four-year highs as the European Union called its draft budget an “unprecedented” breach of EU fiscal rules. Late on Thursday, the European Commission told Rome in a letter that planned government spending was too high and that its structural deficit would rise instead of fall, and that the country’s public debt would not fall in line with EU rules. Italy’s prime minister Giuseppe Conte defended the budget.…

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FOREX-Euro falls towards two-month low after EU confronts Italy over budget – Finance News

* Euro under pressure amid EU-Italy stand-off * Dollar index inches higher * Sterling rises on Brexit hopes * Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh By Tom Finn LONDON, Oct 19 (Reuters) – The euro fell towards a two-month low on Friday after the European Union criticized Italy’s spending plans, raising fresh concern over conflict within the common currency zone. Political wrangling over the budget in heavily indebted Italy has seen the euro weaken over 1 percent versus the…

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FOREX-Euro weak as Italian budget raises EU political…

FOREX-Euro weak as Italian budget raises EU political risks, yen weakens By Reuters Published: 00:03 EDT, 19 October 2018 | Updated: 00:03 EDT, 19 October 2018 By Vatsal Srivastava SINGAPORE, Oct 19 (Reuters) – The euro hovered near a one-week low against the dollar on Friday as the European Commission’s criticism of Italy’s populist budget sparked fresh concerns about political tensions in the common currency zone. The dollar index, a gauge of its value against major peers, was 0.05 percent…

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London copper eyes steepest weekly drop since August

London copper eyes steepest weekly drop since August By Reuters Published: 21:18 EDT, 18 October 2018 | Updated: 21:18 EDT, 18 October 2018 MELBOURNE, Oct 19 (Reuters) – London copper slipped towards a one-week low on Friday and was facing its deepest weekly decline since mid-August as markets braced for data that is expected to show trade tensions stifled Chinese economic growth in the third quarter. FUNDAMENTALS * COPPER: London Metal Exchange copper fell 0.4 percent to $6,135.50 a tonne…

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GRAINS-Soybeans edge higher, set for biggest weekly…

GRAINS-Soybeans edge higher, set for biggest weekly loss in 5 weeks By Reuters Published: 21:13 EDT, 18 October 2018 | Updated: 21:13 EDT, 18 October 2018 SYDNEY, Oct 19 (Reuters) – U.S. soybeans edged higher on Friday, rebounding from losses of more than 2 percent in the previous session, though the oilseed was poised to record its biggest weekly loss in more than a month amid weak demand for U.S. stocks. FUNDAMENTALS * The most active soybean futures on the…

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Why rising bond yields are playing on stockholders’ nerves

THE FIRST full-length film made by Steven Spielberg features an unusual lead. So indeed does much of his more celebrated work. But the star of “Duel”, his 1971 debut, is nothing as exotic as a man-eating shark or cloned velociraptor. It is a tailgating lorry. In a nerve-shredding journey across the California desert, it torments a middle-aged salesman driving a rickety Plymouth Valiant. That its driver is faceless adds to the air of malice. Get our daily newsletter Upgrade your…

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ECB’s Draghi: undermining EU budget rules carries high…

ECB’s Draghi: undermining EU budget rules carries high price for all By Reuters Published: 12:08 EDT, 18 October 2018 | Updated: 12:08 EDT, 18 October 2018 BRUSSELS, Oct 18 (Reuters) – There is no evidence that undermining the European Union’s budget limits on borrowing leads to prosperity, but it is clear that such actions are costly for all in the single currency area, the head of the European Central Bank said on Thursday. Speaking to European Union leaders at a…

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LIVE MARKETS-European banks: no magic rate hike – UK Money News

* STOXX 600 falters as earnings flow in * Heidelbergcement slides 8 pct after profit outlook cut * Carrefour jumps 8 pct after Q3 sales rise * UK PM May open to extending Brexit transition period * Wall Street opens in negative territory Oct 18 – Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market…

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EUR/USD – Lack of eurozone data leaves euro yawning

EUR/USD is steady in the Thursday session, after recording considerable losses on Wednesday. Currently, the pair is trading at 1.1523, up 0.20% on the day. On the release front, there are no major eurozone indicators. German WPI gained 0.4%, matching the estimate. This was the strongest gain in three months. In Brussels, EU leaders are meeting for a second day. In the U.S, Philly Fed Manufacturing Index is expected to dip to 19.4 points, while unemployment claims are forecast to drop…

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