World News

Euro area real yield falls to record low on Delta fears

July 19 (Reuters) - Euro area "real" yields, representing the cost of borrowing after stripping out inflation effects, tumbled on Monday to a new record low as a resurgence in…

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EU revises upward estimates for euro zone growth, inflation

The European Commission revised upward on Wednesday its estimates for euro zone growth this year and next, but warned against risks posed by new variants of the coronavirus that should…

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Euro zone business activity soared in June as lockdowns lifted

Euro zone businesses expanded activity at the fastest rate in 15 years in June as the easing of more coronavirus restrictions brought life back to the bloc's dominant service industry,…

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ECB’s Lagarde says Euro zone recovery still fragile

The euro zone economy is beginning to rebound from a pandemic-induced slump but the recovery remains fragile, the European Central Bank's President Christine Lagarde said in an interview published on…

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Bulgaria sticks to plans to adopt the euro from Jan 1, 2024

Bulgaria is sticking to its target to adopt the euro currency from January 1, 2024 and plans to start payments in euros without any transitional period once it joins the…

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ECB’s Lagarde says Euro zone recovery faces risk from virus mutation

The euro zone economy may well avoid the most pessimistic scenario envisaged at the start of the COVID-19 pandemic but it still faces risks from virus mutations, European Central Bank…

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Euro zone sentiment hits 21-year-high with further reopening

Euro zone economic sentiment surged in June to a 21-year-high as an accelerated pace of COVID-19 vaccinations led to further reopening and an improved mood across all sectors of the…

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Euro zone business lending continues to drop – ECB

New lending to euro zone companies fell again in May, extending a drop from the previous month even as the bloc began its recovery from a pandemic induced recession, data…

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Euro zone business growth at 15-year high as demand unleashed -PMI

Euro zone business growth accelerated at its fastest pace in 15 years this month as the easing of more lockdown measures and the unleashing of pent-up demand drove a boom…

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Digital euro might suck away 8% of banks’ deposits – Morgan Stanley

A digital euro could suck away 8% of euro zone banks’ customer deposits, analysts at Morgan Stanley have estimated, although the share may be far higher in some of the…

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Euro zone economic dip milder than expected in first quarter

The euro zone economy contracted by much less than expected in the first quarter of the year, revised data from the EU's statistics office showed, with a buildup of inventories…

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Euro zone investor morale rises to highest level since February 2018

Investor morale in the euro zone rose for the fourth month in a row in June, reaching its highest level since February 2018, lifted by reopening restaurants and tourism resuming…

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Euro zone retail sales fall more than expected in April

Euro zone retail sales fell more than expected in April, dragged down by a decline in sales of non-food products, but were still much higher than 12 months earlier when…

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Euro zone business growth soared in May as restrictions eased -PMI

Euro zone business activity surged in May as the easing of some coronavirus related restrictions injected life into the bloc's dominant services industry, a survey showed, echoing data on Tuesday…

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Euro zone producer prices rise more than expected in April

Euro zone producer prices rose more than expected in April, boosted by a surge in energy prices, data from the European Union's statistics office Eurostat showed on Wednesday. Eurostat said…

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Digital euro could boost single currency’s international use, ECB says

Creating a digital euro could boost the single currency's international status by making it easier to use for paying or saving, the European Central Bank said on Wednesday. The European…

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New euro zone business loans plunge in April

New lending to euro zone companies plunged in April, indicating that banks are tightening access to credit even as the bloc starts to emerge from a year of lockdowns, data…

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Europe has passed turning point but still needs ECB support: Schnabel

The euro zone economy has reached a turning point and the recent rise in borrowing costs reflects improved fundamentals, European Central Bank board member Isabel Schnabel told Reuters, playing down…

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Euro zone business growth picked up in May as services bounced -PMI

Euro zone business growth accelerated at its fastest pace in over three years this month, as a strong resurgence in the bloc's dominant service industry added to the impetus from…

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As post-pandemic healing begins, euro zone worries how to avoid scars

As forecasts point to a strengthening recovery, euro zone finance ministers will discuss on Friday how to make sure the pandemic does not leave lasting economic scars that could divide…

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Euro zone investor morale rises to highest level since March 2018

Investor morale in the euro zone rose in May to its highest level since March 2018 on all-time high expectations and an upbeat evaluation of the current situation, a survey…

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Recovery from coronavirus will be long, says ECB Economist Lane -Le Monde

The road to recovery from the coronavirus pandemic will be long with the unemployment rate in the euro zone not returning to its 2019 level before 2023, ECB Chief Economist…

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Euro zone business growth picked up in April as services expanded -PMI

Euro zone business activity accelerated last month as the bloc's dominant services industry shrugged off renewed lockdowns and returned to growth, according to a survey on Wednesday that also showed…

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Euro zone factories raced ahead in April, prices jumped – PMI

Euro zone factory activity growth surged to a record high in April, boosted by burgeoning demand and driving a rise in hiring, although supply constraints led to an unprecedented rise…

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Euro zone GDP shrinks less than expected in Q1, April inflation rises

The euro zone economy shrank less than expected in the first three months of the year, preliminary data showed on Friday, while headline inflation picked up as expected on a…

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Euro zone in double-dip recession but optimism soared in Feb -PMI

The euro zone economy is almost certainly in a double-dip recession as pandemic-linked lockdowns continue to hammer the services industry, a survey showed on Wednesday, but hopes for a wider…

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Euro zone mulls stimulus calibration when economy restarts after COVID

BRUSSELS, Feb 15 (Reuters) - Euro zone finance ministers are holding initial talks on Monday on when and how the expected pick up in economic activity, and the lifting of…

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Euro zone recovery delayed, to gather pace from mid-year – Lagarde

FRANKFURT, Feb 7 (Reuters) - Europe's recovery from a recession induced by the COVID-19 pandemic has been somewhat delayed but should pick up pace from mid-year, European Central Bank President…

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Euro zone contraction deeper than thought in Dec as lockdowns bite -PMI

Economic activity in the euro zone contracted more sharply than previously thought at the end of 2020 and could get worse as renewed lockdown restrictions imposed to contain the coronavirus…

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Euro zone business activity shrank sharply in November

Euro zone business activity contracted sharply last month as governments across the bloc reimposed strict lockdown measures to try to quell a second wave of coronavirus infections, a survey showed…

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Euro zone economy to gain momentum in 2021 on vaccine hopes

The euro zone economy will contract again this quarter as renewed lockdown measures stifle activity, according to a Reuters poll which showed the bloc's GDP would then return to pre-crisis…

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Euro zone producer prices up in October, unemployment falls

Euro zone producer prices rose more than expected month-on-month in October and unemployment fell as the economy continued to recover before the second wave of the COVID-19 pandemic struck, data…

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Euro zone industry output unexpectedly slips in September

Euro zone industrial production unexpectedly declined in September, driven chiefly by a sharp fall in the output of durable consumer goods, sounding a negative note to a quarter that had…

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Euro zone factory activity boomed in October as Germany roared

Manufacturing growth in the euro zone soared in October but the recovery from severely depressed activity at the height of the coronavirus pandemic was again mostly driven by a buoyant…

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Euro zone economic recovery in danger as COVID-19 resurgence hits service industries

The euro zone's economic recovery faltered in September with growing evidence sectors and countries in the bloc are diverging as a resurgence of the coronavirus forces the reimposition of restrictions…

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Euro zone investor morale improves for fifth month in September – Sentix

Investor morale in the euro zone rose for a fifth consecutive month in September to reach its highest level since February, a survey showed on Monday, signalling hope that a…

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Euro zone urged to strengthen domestic demand

The euro zone needs to strengthen domestic demand, including via greater public investment, if it is to withstand weakness abroad, the European Central Bank’s new President Christine Lagarde said on…

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Euro zone business growth grinds to a halt as services struggle

Euro zone business growth almost ground to a halt this month as activity in the bloc’s dominant services industry increased at a much weaker pace than expected and among manufacturers…

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EU countries should admit that the euro was a strategic error – Hungary’s National Bank governor

European Union member states, both in and outside the euro zone, should admit that the euro has been a "strategic error", the Governor of the National Bank of Hungary (NBH) Gyorgy…

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Euro zone economic sentiment worsens as gloom spreads to services

Euro zone economic sentiment deteriorated in October for a second straight month, data showed on Wednesday, as pessimism in industry spread to services and consumers in a bad sign for…

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Euro zone remains at risk – IMF

The euro zone remains at risk of being hit by debt-crisis-style country-specific shocks, the head of the International Monetary Fund’s European department said on Friday. “Risk to the euro area’s…

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EU set to revise down Eurozone growth forecasts

The Financial Times reports that economic forecasts from Brussels will are expected to highlight some of the difficulties EU countries face in terms of economic prospects. The European Commission is poised to…

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UniCredit risks EU antitrust fine

UniCredit is one of eight European banks that risk being fined by the European Commission for allegedly breaching EU competition rules, the Italian lender has said. The company said in…

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One euro zone bank falls short of ECB capital requirements

An ECB presentation showed on Monday that one euro zone bank is falling short of the European Central Bank's capital requirements for 2019, meaning it will face restrictions on how…

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Greece tries to confront banking crisis

Germany’s international broadcaster Deutsche Welle (DW) takes an in-depth at the banking crisis afflicting Greece after eight exhausting years of financial crisis and the scandals that accompany it. Greek banks…

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Italy should ‘calm down with the tone and re-establish trust in Euro – Mario Draghi

Italy should “calm down with the tone” and re-establish trust in the euro to quiet down the markets, European Central Bank’s President Mario Draghi said today. Draghi, speaking at a…

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Oil Prices push Eurozone inflation

Financial Times: The surge in the price of oil has pushed eurozone inflation above the European Central Bank’s target, but policymakers in Frankfurt are expected to ignore the rise as broader…

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Sunday Morning Review

Good morning, Today's morning brief is mainly focused on the latest developments at international level, especially in view of the chaotic situation after the G7 meeting. The underlying currents, the…

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