Heads of EU issue joint call for stronger euro, capital markets union
BERLIN (Reuters) – The heads of European Union institutions called for a strengthened euro and progress towards a capital markets union in a joint appeal … Read more
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Russian rouble firms against euro, steady vs dollar
(Reuters) – The rouble firmed against the euro on Monday while trading little changed against the dollar, in a week when companies’ need for roubles … Read more
Russia’s Rosbank halts dollar, euro, dirham operations after U.S. sanctions
MOSCOW (Reuters) – Russian commercial lender Rosbank has halted operations in U.S. dollars, euros and dirhams, warning that some transactions could be blocked, after Washington … Read more
Euro zone business activity contracted in July as customers stayed home
LONDON – Business activity in the euro zone contracted slightly in July for the first time since early last year as consumers reined in spending … Read more
Euro area to get back half what it’s spending on war fallout – ECB
FRANKFURT – Euro zone countries are spending more than they will get back to cushion the economic hit from the Ukraine war via fuel subsidies … Read more
Euro zone unemployment flat at 6.6% in June as expected
BRUSSELS – Euro zone unemployment was steady at 6.6% of the workforce in June, the European Union’s statistics office Eurostat said on Monday, in line … Read more
Russian rouble slumps to 3-week low vs dollar, euro
MOSCOW – The Russian rouble slumped to a three-week low against the dollar and euro in Moscow trade on Friday, continuing a general weakening trend … Read more
Euro zone Q2 growth accelerates, defies expectations of slowdown
BRUSSELS – Euro zone economic growth accelerated quarter-on-quarter in the second quarter, preliminary data showed on Friday, defying expectations of a slowdown, thanks to a … Read more
Euro zone inflation hits yet another record high after big jump
FRANKFURT – Euro zone inflation rose to another record high in July and its peak could still be months away, keeping pressure on the European … Read more
Euro zone business lending unexpectedly surges in June
FRANKFURT – Lending to euro zone companies accelerated in June, confounding fears that banks are tightening access to credit as uncertainty about inflation and the … Read more
Euro zone business activity contracted in July as price rises bite – PMI
LONDON – Euro zone business activity unexpectedly contracted this month due to an accelerating downturn in manufacturing and a near-stalling of service sector growth as … Read more
Half of euro zone June inflation came from energy – Eurostat
BRUSSELS – Almost half of the record high inflation in the euro zone in June resulted from the energy price spike, the EU’s statistics office … Read more
Marketmind: Euro at parity and talk of a 100 bps U.S. rate hike
A look at the day ahead in markets from Dhara Ranasinghe. After staring parity against the dollar in the face for days, the euro finally … Read more
Euro falls below dollar parity for first time since 2002
By Elizabeth Howcroft LONDON -The euro dropped below parity against the dollar on Wednesday for the first time in almost two decades, as a hawkish … Read more
Euro pulls back from near parity, up 0.2%
LONDON – The euro bounced from near-parity versus the dollar on Tuesday and pushed into positive territory in volatile London trading. Against the greenback, the … Read more
Euro zone finance ministers fail again to name new bailout fund head
BRUSSELS – After several months of attempts, euro zone finance ministers failed again on Monday to choose a new head of the bloc’s bailout fund, … Read more
Marketmind: Watch the euro, it’s heading for parity
A look at the day ahead in markets from Dhara Ranasinghe. The biggest single pipeline carrying Russian gas to Germany starts annual maintenance on Monday … Read more
EURO HYPOCRISY: Leaders Condemn Roe Reversal But Have Stricter Abortion Laws Themselves
EURO HYPOCRISY: Leaders Condemn Roe Reversal But Have Stricter Abortion Laws Themselves Max Keating on July 8, 2022 Members of the European Parliament voted to … Read more
Column-ECB has major euro headache; FX market offers no relief: McGeever
By Jamie McGeever ORLANDO, Fla. – The world’s big four central banks are all in an unenviable position of fighting the highest inflation in decades … Read more
Euro falling towards parity pain point
LONDON – A stampede for dollars as global recession risks mount has left other currencies battered and bruised, with the euro getting trampled on more … Read more
Euro zone investor morale slumps on grim expectations – Sentix
BERLIN – Investor morale in the euro zone fell this month to its lowest level since May 2020, pointing to an “inevitable” recession in the … Read more
U.S. dollar share of FX reserves steady in Q1, euro share dips, IMF says
By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund was 58.8% in the first quarter, … Read more
BMW to start 2 billion euro share buyback programme in July
BERLIN – Germany’s BMW approved the launch of a share buyback programme with a volume of up to 2 billion euros ($2.08 billion) set to … Read more
Euro zone business growth slumped in June as price hikes bite
LONDON – Euro zone business growth has slowed significantly this month – and by much more than expected – as consumers concerned about soaring bills … Read more
Russian rouble climbs to strongest in 7 years vs dollar, euro
MOSCOW – The Russian rouble jumped to a seven-year high against the dollar and euro on Moscow Exchange on Tuesday, supported by capital controls and … Read more
Euro zone governments shouldn’t expect free lunch from ECB, governors say
(Reuters) – Euro zone governments should not expect unconditional support under the European Central Bank’s new tool to stop borrowing costs from rising too far … Read more
Euro zone at risk of “inflation psychology”, ECB’s Lane says
LONDON – Record high euro zone inflation risked fuelling “inflation psychology,” European Central Bank chief economist Philip Lane said on Monday, referring to a phenomenon … Read more
Ukrainian refugee influx could ease euro zone labour shortage: ECB
FRANKFURT – The influx of Ukrainian refugees into the European Union could gradually ease labour shortages in the euro zone as some of those fleeing … Read more
Euro zone inflation confirmed at record high 8.1% in May
FRANKFURT – Euro zone inflation rose to a record high 8.1% last month in line with a preliminary estimate, more than four times the European … Read more
Euro zone finance ministers back Croatia’s bid to join euro
LUXEMBOURG – Euro zone finance ministers backed on Thursday Croatia’s bid to adopt the euro, clearing another hurdle on the way of the Balkan country … Read more
Euro interbank borrowing rates see biggest daily surge in over 10 years
By Yoruk Bahceli (Reuters) -Euro area interbank borrowing rates saw their biggest daily jumps in over 10 years on Tuesday, reflecting huge increases in market … Read more
Euro zone to avoid recession, growth to accelerate in Q3 – ECB survey
FRANKFURT – The euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key … Read more
Czech finance minister outlines plan to let firms to pay taxes in euros, look at more euro debt
By Jan Lopatka and Jason Hovet PRAGUE – The Czech government’s plan to let companies pay taxes in euros from 2024 will enable the state … Read more
Surge in euro zone wages may be less than meets the eye
FRANKFURT – Euro zone wages are climbing after a lost decade but some pay rises may prove fleeting as employers across the bloc opt to … Read more
Euro zone GDP growth speeds up in Q1 despite Ukraine war, revised data show
BRUSSELS – The euro zone economy grew much faster in the first quarter of the year than in the previous three months despite the impact … Read more
Leave post-Brexit shift in euro clearing to markets, industry tells EU
By Huw Jones LONDON – Relocating euro clearing from London to the European Union must be “market-led” rather than mandatory, with the shift already well … Read more
Euro zone investor morale improves but economy still in downturn
BERLIN – Investor morale in the euro zone rose more than expected in June, the first increase after Russia’s invasion of Ukraine, a survey showed … Read more
Euro zone May business growth robust but outlook darkens -PMI
LONDON – Euro zone business growth was robust in May but is at risk of a slowdown from soaring living costs, supply chain disruptions and … Read more
Euro zone retail trade weaker than expected as food sales fall
BRUSSELS – Euro zone retail sales were much weaker than expected in April, data showed on Friday, pulled down by principally by reduced purchases of … Read more
Exclusive-Czechs discuss more euro debt as issuance toolkit expands
By Jason Hovet and Jan Lopatka PRAGUE – The Czech treasury is looking at adding a new euro-denominated bond this year and issuing treasury bills … Read more
Euro zone sentiment barely changed in May, inflation expectations ease
BRUSSELS – Euro zone economic sentiment barely changed in May as slightly greater optimism in services and among consumers offset an ebbing of confidence in … Read more
Bulgaria sticks to plan to adopt the euro in 2024 amid coalition squabbles
SOFIA – Bulgaria’s government on Friday approved a plan to join the euro zone as of Jan. 1, 2024, amid concerns within the ruling coalition … Read more
Air France-KLM launches 2.3 billion euro share sale
By Tim Hepher PARIS -Air France-KLM on Tuesday launched a 2.26-billion-euro ($2.41 billion) share sale to shore up its balance sheet and repay some French … Read more
Euro zone plans fiscal policy shift from supportive to neutral
BRUSSELS – Euro zone finance ministers agreed on Monday they would gradually shift their fiscal policies from supportive this year to neutral in 2023, the … Read more
Euro zone consumer confidence rises to -21.1 in May
(Reuters) – Euro zone consumer confidence rose by 0.9 points in May from the April number, figures released on Friday showed. The European Commission said … Read more
EU offers 9 billion euro loan to Ukraine, prepares reconstruction -Commission
BRUSSELS – The European Commission proposed on Wednesday a 9 billion euro ($9.5 billion) loan to Ukraine to keep the country going as it struggles … Read more
Euro zone April inflation revised down to 7.4%; still a record high
FRANKFURT – Euro zone inflation held steady at a record high 7.4% in April, driven by soaring fuel and food costs, the EU’s statistics agency … Read more
Euro zone Q1 GDP growth rate revised upward to end-2021 pace
BRUSSELS – Euro zone economic growth was stronger than previously expected in the first quarter, revised data showed on Tuesday, and employment rose too, showing … Read more
ECB may kick off development of digital euro by end-2023, Panetta says
FRANKFURT – The European Central Bank may kick off the development of its digital euro, an electronic version of banknotes and coins, by the end … Read more
AXA, Unilever to join new 1 billion euro regenerative agriculture fund
ZURICH – Insurer Axa and consumer goods group Unilever plan to invest 100 million euros each into a new 1 billion euro ($1.06 billion) regenerative … Read more