euro-area
Top StoriesAnalysis-Euro Zone Bond Markets Mimic Treasuries, Pushing Correlations to Record
Top StoriesSterling Close to 3-month High Versus Euro as Markets Bet on ECB Rate Cuts
Top StoriesFall in Euro Zone Nov Business Activity Adds to Recession Expectations -PMI
Top StoriesEuropean Shares Fall as Weak China, Euro Zone Data Dents Appetite
Euro Zone Industry Output Falls Sharply, With Ireland Plunge
Date: May 15, 2023
Euro zone industry output falls sharply, with Ireland plunge BRUSSELS (Reuters) – Euro zone industrial production fell by far more than expected in March as output of capital goods plunged, although the sharp reduction appeared to be a result of figures from Ireland, which are typically volatile. The European Union’s statistics office Eurostat said on...
Euro Rises After Spanish Cpi, Dollar Slips Towards 8-mth Low
Date: January 30, 2023
By Samuel Indyk and Rae Wee LONDON (Reuters) – The euro rose on Monday after unexpectedly high Spanish inflation data raised expectations for a higher euro area print on Wednesday, while the dollar languished near an eight-month low ahead of a slew of central bank meetings this week. The euro climbed 0.2% to $1.0891 after...
Analysis-Frankfurt ‘STIRs’ up Euro Clearing Battle With London
Date: January 20, 2023
By Huw Jones LONDON (Reuters) – Frankfurt expands derivatives clearing on Monday in an early test of how well European Union ambitions to lure trillions of euros of business from London could work in practice. With Britain now outside the EU due to Brexit, Brussels wants to reduce heavy EU reliance on London for clearing...
Euro Sags Against Sterling After Euro Zone Inflation Cools
Date: November 30, 2022
LONDON (Reuters) -The euro retreated against the pound on Wednesday after data showed euro zone inflation cooled off by more than expected in November, reinforcing the case for a slowdown in European Central Bank rate hikes next month. Consumer prices in the 19 countries sharing the euro grew by 10.0% after a 10.6% increase in...
Euro Zone Downturn Deepens, Points to Winter Recession
Date: November 4, 2022
By Jonathan Cable LONDON (Reuters) – The downturn in the euro zone economy has deepened as high inflation and fears of an intensifying energy crisis hit demand, adding to evidence the bloc is heading for a winter recession. A closely-watched survey showed euro zone October business activity contracted at the fastest pace since late 2020....
Euro Zone Bond Yields Fall as ECB Policymaker Flags Recession Risk, Gilts Eyed
Date: October 14, 2022
By Stefano Rebaudo (Reuters) -Euro zone bond yields fell on Friday after a European Central Bank (ECB) policymaker flagged recession risks and investors grew wary of pricing in more aggressive monetary tightening. The ECB is prepared for a possible technical recession paired with high inflation, Vice-President Luis de Guindos said. Investors will also focus on...