Lord Rothschild shuns the US to plough cash into the Eurozone August 12, 2015 LORD Rothschild yesterday said ditching US companies in favour of Japanese and Eurozone investments had improved his investment trust’s value by £125m. RIT Capital Partners, Rothschild’s listed vehicle, said the portfolio rose five per cent for the six months to the end of June thanks to a reduction in dollar investments. However, the 79-year-old warned [...]
Currency chaos splits global profit outlook as Eurozone businesses outpace UK and US rivals August 12, 2015 Currency turmoil is wreaking havoc with British and American company earnings, leaving businesses trailing the growth of rivals in the Eurozone. Profit growth in the Eurozone is on track to race past American levels for the first time since 2007 and leave the UK for dust after reporting forecast-busting earnings in the latest reporting [...]
Purchasing managers’ index: UK and Eurozone set for decent growth despite service sector moderation August 6, 2015 The UK and Eurozone’s service sectors are seeing slower growth, new figures show, but are still expanding at levels consistent with robust economic growth. Markit’s purchasing managers’ index – a survey of firms – dropped to a score of 57.4 in July for the UK service sector from 58.5 in June, according to figures released [...]
Purchasing Managers’ Index: Eurozone manufacturers shrug off Greek debt crisis in July August 3, 2015 The Eurozone's manufacturing sector continued to grow modestly in July, suggesting any effect from the Greek debt crisis remained limited. Markit's Eurozone manufacturing PMI hit 52.4 in July, ahead of the earlier flash estimate of 52.2, and also above the crucial 50 mark which indicates growth. This also meant it managed to hold close to June's [...]
Eurozone inflation holds steady at 0.2 per cent in July July 31, 2015 The Eurozone's annual inflation rate held steady at 0.2 per cent in the year to July, unchanged from the previous month, a flash estimate by Eurostat showed today. Nevertheless inflation remains well below the European Central Bank's (ECB) target of just under two per cent, meaning there's still plenty of work for the ECB's €60bn a [...]
The Eurozone’s recovery looks set to last this time as Spanish GDP growth picks up July 30, 2015 The Eurozone economy is picking up steam, with bullish figures released this morning suggesting the currency bloc could be about to turn a corner. Spain’s economy grew by one per cent in three months to June, its fastest pace for seven years. The economy is 3.1 per cent larger than it was a year ago, the [...]
Eurozone credit and money growth give a boost to growth prospects July 27, 2015 The amount of lending and the money supply climbed in the Eurozone last month. The annual growth rate of loans to households climbed to 1.7 per cent in June from 1.4 per cent in May, according to data released by the European Central Bank yesterday. Lending to companies rose at a slower rate of 0.1 [...]
IMF tells Eurozone to get on with reforms to boost growth as lending picks up July 27, 2015 The International Monetary Fund (IMF) warned today that the Eurozone’s economy was at risk of tipping back into stagnation. Read more: 2015 IMF growth forecast: UK pulling ahead but global economy downgraded “A moderate shock to confidence—whether from lower expected future growth or heightened geopolitical tensions—could tip the block into prolonged stagnation,” said Mahmood Pradhan, the [...]
How the Eurozone could survive without building a European super state July 20, 2015 When the euro was adopted, British sceptics argued that it was impossible to have a single currency without a single country. They suggested that you need central control of fiscal policy to stop governments from borrowing too much. It was also argued that you would need huge fiscal transfers to depressed countries given that they [...]
French President François Hollande calls for a Eurozone parliament with a shared budget July 20, 2015 French President François Hollande wants to see a new parliament and a shared budget for Eurozone countries. Writing in Le Journal Du Dimanche, a French Sunday paper, Hollande said: Europe has let its institutions weaken and the 28 governments struggle to agree to move forward. [National] parliaments remain too far from decisions. And the peoples [...]