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Tag Archives: eurozone

Eurozone economy likely to perform well in April amid fears of Greek default

BRUSSELS: Economists expect consumer and business surveys due in the coming week to demonstrate that the economy of the eurozone continued to pick up in April, despite fears of a possible Greek default. Data for Germany, France, Belgium and the 19-nation single-currency bloc overall will probably show improvement compared with March, according to median forecasts by economists polled by The ... Read More »

Eurozone economy likely to perform well in April amid fears of Greek default

BRUSSELS: Economists expect consumer and business surveys due in the coming week to demonstrate that the economy of the eurozone continued to pick up in April, despite fears of a possible Greek default. Data for Germany, France, Belgium and the 19-nation single-currency bloc overall will probably show improvement compared with March, according to median forecasts by economists polled by The ... Read More »

Economy of eurozone continued to pick up in April despite fears of possible Greek default

BRUSSELS: Economists expect consumer and business surveys due in the coming week to demonstrate that the economy of the eurozone continued to pick up in April, despite fears of a possible Greek default. Data for Germany, France, Belgium and the 19-nation single-currency bloc overall will probably show improvement compared with March, according to median forecasts by economists polled by The ... Read More »

After selling 7.5b euros of bonds, Italy expected to issue bonds worth 40b euros this week

ROME: Italian bond yields inched up on Monday as the country kicked off the busiest week for euro zone sovereign debt sales in almost a year. Italy sold 7.5 billion euros of bonds at auction and is the first of five countries scheduled to sell debt this week in what could see around 40 billion euros of new bonds issued. ... Read More »

Economic activity in eurozone hits 11-month high in March due to growth in Germany

BERLIN: Economic activity in the eurozone hit an 11-month high in March thanks to an acceleration of growth in Germany, according to a key indicator released. The London-based Markit research group said its closely watched purchasing managers‘ index (PMI) for the 19-member currency bloc‘s manufacturing and service sectors rose from 53.3 points in February to 54 points in March. However, ... Read More »

Purchasing Managers’ Index for Eurozone hits 10-month high of 52.2

AMSTERDAM: The European Central Bank’s defibrillator for the Eurozone economy appears to be working: the economy is growing at its fastest rate in nearly a year, and the threat of deflation, which had everyone spooked only four months ago, appears to be waning, according to surveys out. However, it’s a different story still in China, where a parallel survey showed ... Read More »

Eurozone consumer prices fall 0.1% YoY, 0.3% in Feb, 0.6% in Jan

PARIS: Eurozone consumer prices fell for the fourth straight month in March, but at the slowest pace during that period, easing fears that the currency area is at risk of a slide into deflation. The European Union’s statistics agency Tuesday said consumer prices were 0.1% lower than a year earlier, having fallen 0.3% in February and 0.6% in January. Prices ... Read More »

Business output in eurozone rises to 54.1 from 53.3, remains highest in 46 months

BRUSSELS: Business output in the eurozone grew at its fastest rate in nearly four years in March, a closely watched survey suggests. The CIPS/Markit composite purchasing managers’ index (PMI) rose to 54.1, compared with 53.3 a month earlier – it’s highest level in 46 months. Any reading above 50 indicates growth while a reading below 50 points to a fall ... Read More »

Euro zone factories’ output dips 0.1% in January

BRUSSELS: Euro zone factories fell slightly in January, but Thursday’s data also showed evidence to support hopes that the bloc’s fragile economy may be recovering. Industrial production in the 19 countries sharing the euro fell 0.1 percent from December, the EU’s statistics office Eurostat said, compared to the 0.2 percent rise forecast by economists polled by Reuters. Still, on an ... Read More »

Draghi claims eurozone recovery but euro dips 0.73% to $1.6047

AMSTERDAM: The euro has hit a 12-year low against the dollar days after Mario Draghi, president of the European Central Bank, told an audience in Frankfurt that the slowdown in the eurozone had “reversed”. The ECB began its  €1.1 trillion (£775.57 billion) money-printing operation — or quantitative easing — on Monday. The euro hit a near 12-year low against the ... Read More »

Eurozone business activity at 7-month high: Purchasing managers’ index for February hits 53.5

BRUSSELS: Eurozone business activity has reached a seven-month high, prompting companies to take on more staff, a closely watched survey indicates. Markit’s composite flash purchasing managers’ index for February hit 53.5, up from 52.6 in January. Any figure over 50 indicates expansion, while anything under 50 points to a contraction. Firms are hiring staff at the fastest rate since August ... Read More »

Euro zone’s trade surplus with rest of world widens in Dec for 5th month

BERLIN: At least 2% fall in imports and 1% rise in exports caused a surplus in euro zone. Euro zone’s trade surplus with the rest of the world widened in December for the fifth month in a row, official figures showed Monday, as a cheaper euro continued to boost exports and lower oil prices put a lid on imports. The ... Read More »

Hong Kong stocks open lower, Hang Seng down 0.1%

LOS ANGELES: Hong Kong stocks edged weaker in early Monday trade, tracking a broad fall for Asian stocks among jitters over a possible Greek exit from the eurozone after an anti-austerity party won elections there. Hong Kong’s Hang Seng Index HSI, -0.12% was down 0.1% in early moves, despite showing a gain in premarket quotes, while the Shanghai Composite Index ... Read More »

Australian stocks start positive, All Ordinaries climbs 65pts,

SYDNEY: Australian stocks rose strongly in the wake of a massive eurozone stimulus package declared overnight. The All Ordinaries index had risen 65 points, or 1.2 per cent, to 5,455 shortly before midday (AEDT). The ASX 200 had added 69 points (1.3 per cent) to 5,489. The rise was along similar lines to those posted on US and European markets ... Read More »

European stocks end higher; FTSE 100 climbs 0.54%, DAX up 0.73pc

LONDON: European stocks ended higher on Monday, on start of a critical week for the region with the ECB expecting to declare new stimulus measures and Greece holding a snap election. In London the benchmark FTSE 100 index climbed 0.54 per cent to end the day at 6,585.53 points compared with Friday’s close. Frankfurt’s DAX 30 grew 0.73 per cent ... Read More »

Consumer prices fall 0.2% in 2014: Germany rejects deflation in eurozone

BERLIN: Mr. Schäuble’s comments came after consumer prices in the eurozone fell 0.2% from year-earlier levels in December and Germany rejected notion of deflation in eurozone mainly as a result of lower energy prices. If I understand deflation as I have learned it in the past, namely that purchasers are reluctant because they expect prices to fall, then there is ... Read More »

European Central Bank considers three options to buy govt bonds

AMSTERDAM: The European Central Bank is considering three possible options for government bonds purchases measures of its January 22 policy meeting. One of the measures, the countries of government bonds in accordance with the investment rate to the eurozone countries of ECB purchases ECB directly, those that provide liquidity to the financial system. The second option, purchase only government bonds of triple ... Read More »

France, German borrowing rates hit all time lows on Greece fears

PARIS: France and German borrowing rates reached new all time lows on Tuesday amid fears over the prospect of Greece leaving the eurozone. German 10 year Bund fell to 0.484 percent, while the France’s 10 year debt hit 0.772 percent on the secondary market. At the weekend German government said that Berlin sees a Greek exit from the eurozone as ... Read More »

Crude oil value tumbles in thin pre-holiday trade

Singapore: Crude edged worse in thin pre-holiday trade on Wednesday ahead of the release of a key US deliver report, as forecaster expected a recover in prices in the New Year after shedding nearly 50 per cent since June. US benchmark West Texas Intermediate for February delivery fell 38 cents to $53.74 while Brent crude for February eased 49 cents ... Read More »

Collapsing oil price, falling ruble topple US, European markets

NEW YORK: The collapse of oil prices and decline of Russian ruble whipsawed global markets and sent US stock to their third consecutive decline, here the other day. The Russian ruble lost over 20 percent against hard currencies on here the other day. At its worst the ruble plummeted to 75 against the US dollar, and traded at almost 100 ... Read More »