Mario Draghi: Beware risks from surge in money printing May 14, 2015 Printing money can cause turbulence in financial markets, and could cause wealth inequalities to rise, European Central Bank (ECB) boss Mario Draghi warned yesterday. But the ECB President said that failing to act could be even more dangerous, and promised to carry on with ultra-low interest rates and quantitative easing “as long as needed for [...]
Eurozone economic growth beat the UK in the first quarter of 2015 May 13, 2015 The Eurozone economy grew at a faster rate than the UK's during the first quarter of this year, topping off a stream of recent data suggesting the bloc is emerging from a long period of stagnation. Official statistics agency Eurostat said GDP rose 0.4 per cent across the euro area, towards the bottom of analyst estimates, [...]
Sweden set to loosen monetary policy again as deflation strikes May 12, 2015 Prices fell again in Sweden in April despite policymakers’ attempts to banish deflation through very loose monetary policy, official figures showed yesterday. Consumer prices fell 0.2 per cent on the year, sliding after two months of positive inflation numbers. Policymakers at the Riksbank held interest rates at minus 0.25 per cent at their April meeting, [...]
Eurozone inflation and jobs improve but recovery remains fragile, experts warn April 30, 2015 Inflation and unemployment in the Eurozone are gradually improving, but economists warn the currency bloc’s recovery is fragile. Prices failed to fall – or rise – registering zero change in April compared with the same month last year, figures released yesterday by Eurostat reveal. Inflation is now closer to the European Central Bank’s [...]
Eurozone inflation rose to zero in April April 30, 2015 Eurozone inflation rose to zero in April, ending a fourth-month stretch of price declines across the euro area. A flash estimate from official statistics agency Eurostat showed that Eurozone annual inflation was flat in April, having risen to -0.1 per cent a month earlier. It's up considerably from a low of -0.6 in January. The biggest [...]
Eurozone inflation rose to -0.1 per cent in March April 17, 2015 Data released today showed the Eurozone is fighting tooth and nail to claw its way out of deflation, as prices rose for the second month straight, easing fears it could enter into a prolonged period of price falls. The single currency area's annual inflation rate rose to -0.1 per cent in March, up from -0.3 [...]
Is the Eurozone recovering? What traders need to know April 13, 2015 Improving credit conditions point to sustained growth. The Eurozone economy seems like it might finally be back on track, with stock markets rallying and greater confidence that activity is picking up in a region that has long been mired in crisis. Although German shares and the FTSE 100 fell slightly yesterday, European stocks are [...]
Eurozone deflation: Consumer prices fell 0.1 per cent in March March 31, 2015 While inflation in the Eurozone fell for a fourth consecutive month in March the rate of decline slowed again, meaning it's even closer to returning to inflation. Consumer prices fell 0.1 per cent in March in line with analysts expectations, and up from -0.3 per cent last month, according to a flash estimate from Eurostat, [...]
One chart showing the biggest risk to the global economy March 30, 2015 The biggest risk to the global economic recovery is a renewed Eurozone crisis. That's according to 41 per cent of 167 conference attendees in Hong Kong and just over half of the 184 in Singapore. It's a significant jump from a year earlier when it was cited by just 12 per cent and 13 per [...]
Mario Draghi defends ECB policy decisions after QE rollout March 23, 2015 European Central Bank (ECB) chief Mario Draghi yesterday hit back at claims that new monetary policy measures would reduce the need for governments to undertake reforms, ultimately harming growth prospects. “Do you really think a high level of interest rates would form an incentive for a government to improve its education system, or judiciary, or [...]