Euro zone business growth got boost from reopened services in April – PMI
LONDON – Business activity in the euro zone accelerated last month as the bloc’s dominant services industry took advantage of a further loosening of COVID-19 …
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Negative-yielding corporate debt disappears as euro yields hit 8-year high
By Yoruk Bahceli (Reuters) – Yields on euro investment-grade corporate bonds have climbed to their highest in over eight years, a widely-followed index showed on …
Lending to euro zone businesses slowed in early weeks of Ukraine war
FRANKFURT – Bank lending to euro zone businesses slowed in March, reinforcing expectations that Russia’s war in Ukraine would prompt both banks and corporations to …
Rouble climbs to March 2020 levels vs euro, stocks up
(Reuters) – The Russian rouble extended gains in early Moscow trade on Thursday, supported by month-end tax payments that led to increased conversion of foreign …
Dollar borrowing costs rise as euro, yen fall
LONDON – Borrowing costs for U.S. dollars in currency derivatives markets rose sharply on Thursday after the dollar surged to within striking distance of its …
Britain says EU will struggle to shift euro clearing from London
By Huw Jones LONDON – Britain’s financial services minister said on Tuesday that the European Union would find it hard to replace London for clearing …
Russian rouble hits more than 2-year high vs euro before steadying near 77
(Reuters) – The Russian rouble clipped a more than two-year high against the euro in early trade on Tuesday before stabilising near Monday’s close, in …
Morgan Stanley cuts euro zone GDP forecasts
LONDON – Morgan Stanley said on Monday it had revised down its economic growth forecasts for the euro area this year and the next, anticipating …
Euro zone March inflation revised slightly down, still at record
BRUSSELS – Euro zone inflation in March was marginally lower than earlier reported, the EU’s statistics office said on Thursday, but still at record highs …
All large euro zone banks can withstand Russian write-off, ECB says
FRANKFURT – All large euro zone banks can withstand a full write-off of their Russian exposure and still respect their capital requirements, the European Central …
Euro zone trade deficit extends to Feb as energy import burden rises
BRUSSELS – The euro zone suffered a trade deficit for a fourth consecutive month in February as surging energy prices led to a sharp increase …
Euro zone Feb production rebounds as expected on consumer goods
BRUSSELS – Euro zone industrial production rebounded as expected in February from a January slump thanks to stronger output of consumer goods, which offset declines …
Euro zone faces slower growth, higher prices as war hits: ECB poll
FRANKFURT – The euro zone economy faces slower economic growth and higher inflation as Russia’s invasion of Ukraine pushes up costs, disrupts trade and hits …
Euro zone banks to tighten corporate credit access on war fears: ECB
FRANKFURT -Euro zone banks plan to sharply tighten access to corporate credit in the second quarter as the war in Ukraine weighs on the outlook …
Euro zone investor morale slumps to lowest level since July 2020
BERLIN – Investor morale in the euro zone fell to its lowest level in nearly two years in April, a survey showed on Monday, pointing …
Euro zone March factory growth slumped, downturn possible -PMI
LONDON – Euro zone manufacturing growth slowed sharply last month as Russia’s invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, a …
Column-Dollar may rely on QE-freed euro bond buyers: Mike Dolan
By Mike Dolan LONDON – Plague, war and inflation define the year so far – but faith in the U.S. dollar seems to have made …
Euro zone growth barely positive in first half: ECB’s de Guindos
FRANKFURT – Euro zone growth will remain positive this year but the first half will be especially weak with barely any positive growth, European Central …
France’s Sanofi offers 1.5 billion euro bond linked to access to medicine
(Reuters) – French healthcare group Sanofi said it had priced a first sustainability-linked bond issue that will be indexed on access to medicines, and worth …
Euro zone sentiment plunges in March as Ukraine war scares consumers
BRUSSELS – Euro zone economic sentiment fell sharply in March, data showed on Wednesday, as Russia’s invasion of Ukraine sent consumer confidence plummeting and their …
Euro zone facing slower growth, higher inflation: ECB’s Lagarde
FRANKFURT – Europe is facing slower growth and higher inflation as the war in Ukraine is draining confidence and pushing up energy prices, European Central …
EU Commission approves Sweden’s 3.3 billion euro recovery plan
BRUSSELS – The European Commission approved on Tuesday Sweden’s post-pandemic recovery plan that will allow the country to get 3.3 billion euros in grants from …
Ratings firm S&P Global cuts euro zone growth forecast to 3.3%
LONDON – Credit rating agency S&P Global cut its euro zone growth forecast for the year on Monday to 3.3% from 4.4% previously, saying higher …
Euro zone consumer confidence falls to -18.7 in March
– Euro zone consumer confidence fell by 9.9 points in March from the February number, figures released on Wednesday showed. The European Commission said a …
Euro zone headed for robust growth despite Ukraine war: Lagarde
FRANKFURT – The euro zone economy is still set for robust growth this year, even if war in Ukraine is going to be a drag …
Euro zone industry output flat in sluggish start to 2022
BRUSSELS – Euro zone industrial production was unchanged in January from December, data showed on Tuesday, indicating a sluggish start to 2022 even before any …
Euro zone bond yields soar as ECB signal end to bond buys in Q3
By Yoruk Bahceli and Dhara Ranasinghe – Euro zone sovereign bond yields soared and the euro dipped on Thursday after the European Central Bank said …
Unloved euro catches a breath ahead of ECB
By Tom Westbrook SINGAPORE – The euro took a breather on Wednesday ahead of this week’s central bank meeting, while commodity currencies eased from recent …
Euro zone investor morale plummets in March on Ukraine crisis
FRANKFURT – Investor morale in the euro zone plunged in March in the wake of the Russian invasion of Ukraine and its implications for the …
Euro zone January retail sales rise weaker than expected
BRUSSELS – Euro zone retail sales grew by less than expected in January, Eurostat data showed on Friday, pulled down by weaker sales of fuel …
Moscow Exchange bans short selling of euro instruments
MOSCOW – The Moscow Exchange said on Friday it imposed a ban on short selling of euro currency and stock instruments, in a further move …
Euro zone unemployment at record lows, producer prices show record jump y/y
BRUSSELS – Euro zone unemployment fell to record lows in January as the economy continued to rebound from the pandemic slump, but industrial producer prices …
Euro zone business growth accelerated in Feb as Omicron faded -PMI
LONDON – Business activity across the euro zone accelerated sharply last month as demand soared, particularly in the bloc’s dominant services industry, according to a …
EIB prepares 2 billion euro emergency support package for Ukraine
BRUSSELS – The European Investment Bank will formalise on Friday a 2 billion euro support package for Ukraine, of which 700 million euros will be …
Leonardo, Avio Aero, Lockheed sign 380 million euro contract with Italy’s air force
MILAN – Italy’s Defence Ministry has given its green light to a 380 million euro ($425.94 million) contract with a consortium of companies including Italian …
Cutting Russia off from SWIFT a “matter of days” -euro zone central banker
PARIS – A decision to cut Russia off from the global SWIFT payment system will be taken in a matter of days, the governor of …
Lending to euro zone households grows at fastest rate since late 2008
FRANKFURT – Growth in bank loans to euro zone households accelerated again last month, growing at the fastest pace since late 2008, European Central Bank …
Russia’s move against Ukraine makes 2022 euro zone growth more uncertain -Commission
BRUSSELS – Russia’s recognition of the independence of Ukraine’s two breakaway regions makes the European Commission’s already reduced euro zone growth forecast for 2022 even …
Italy approves 8 billion euro package to help economy, curb energy bills
By Giuseppe Fonte and Gavin Jones ROME -Italy’s government on Friday approved measures worth around 6 billion euros ($6.81 billion) to help consumers and firms …
Euro zone consumer confidence falls to -8.8 points in February
– Euro zone consumer confidence fell by 0.3 points in February from the January number, figures released on Friday showed. The European Commission said a …
doValue says bids due next week for 5 billion euro Greek bad loan portfolio
MILAN -Non-binding offers for a non-performing loan (NPL) portfolio worth around 5 billion euros ($5.7 billion) put on the block by Greece’s bad bank liquidator …
Slovak current account shows 831 million euro deficit in December
PRAGUE – Slovakia’s current account hit a deficit of 831 million euros ($944.85 million) in December after a revised gap of 122 million euros in …
Euro zone’s current account surplus rose last year
FRANKFURT – The euro zone’s current account surplus rose to 310 billion euros ($352.47 billion) last year, or 2.6% of the bloc’s economic output, European …
ECB warns about vulnerable property market in euro zone
FRANKFURT – The property market is a “key vulnerability” for euro zone banks as the rise of remote working since the pandemic dents demand for …
Surging housing costs boosting overall euro zone inflation: ECB
FRANKFURT – Euro zone housing costs rose sharply last year, boosted by soaring German property prices and adding to already uncomfortably high overall inflation, a …
Euro zone inflation doesn’t require significant policy tightening, ECB’s Lane says
FRANKFURT – Euro zone inflation will return to trend without significant policy tightening by the European Central Bank as pandemic-related bottlenecks in goods as well …
EU exec cuts 2022 euro zone growth forecast, sharply raises inflation view
By Jan Strupczewski BRUSSELS – Euro zone economic growth will be slower than earlier expected this year because of a new wave of COVID-19 infections, …
Siemens agrees to sell logistics business to Koerber in 1.15 billion euro deal
ZURICH – Siemens has agreed to sell the mail and parcels business of Siemens Logistics business to German technology group Koerber for a purchase price …
Euro zone inflation could subside before becoming entrenched: Lagarde
FRANKFURT – Euro zone inflation risks are on the rise but price pressures could still subside before becoming entrenched in expectations, European Central Bank President …
Euro zone firms see wages rising by 3% or more, ECB says
FRANKFURT – Euro zone companies expect wages to rise by 3% or more this year as workers demand to be compensated for inflation and it …