Eurozone economic recovery struggling to gain momentum as unemployment remains high June 3, 2015 Unemployment in the currency bloc was still high at 11.1 per cent in April The Eurozone economy is gradually improving but its recovery is failing to build on a solid start to the year, figures published yesterday show. The rate of joblessness in the Eurozone edged down in April, marking 24 months of [...]
With no deal on the cards, is the Eurozone too complacent about the risks Grexit poses? May 31, 2015 Guy Foster, group head of research at Brewin Dolphin, says Yes. It’s difficult to tell how complacent the Eurogroup really is about the risks of Grexit, as its rhetoric forms part of the negotiations. Both parties are citing a Grexit as their best alternative to a negotiated agreement. Their respective hands are strengthened as it [...]
Spanish vote sends Syriza-like shivers to FTSE and Eurozone – London Report May 26, 2015 FRESH back from the bank holiday, the FTSE hit a two-week closing low yesterday, with banks slipping after Spanish regional election results put Eurozone financials behind, while falling oil and metals prices hit commodity stocks. Spanish Prime Minister Mariano Rajoy’s People’s Party suffered heavy losses in local elections on Sunday, throwing his re-election later this [...]
As Japanese growth picks up pace, can we expect QE in the Eurozone to be as successful? May 20, 2015 Christian Schulz, senior economist at Berenberg, says Yes Since early 2013, when Japan’s QE became imminent, its average quarterly annualised GDP growth rate has risen to 1 per cent, from 0.2 per cent in 2011/12. In the Eurozone, with the European Central Bank (ECB) launching QE, GDP expanded by 1.6 per cent in the first [...]
Eurozone prices bounce back as deflation ends May 19, 2015 The Eurozone has escaped deflation, officials figures yesterday confirmed. Annual inflation in the Eurozone was zero per cent in April, according to Eurostat, the EU’s statistical office. It means that prices of goods and services typically consumed by households were the same price in April as a year earlier. The data, which is in line with [...]
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, [...]
Eurozone banks are at risk of failing now as much as they were in 2008, new research finds May 12, 2015 If you think the European Central Bank and Bank of England’s stress tests have made Europe’s banking crash proof, think again. Despite the changes to the banking system, many institutions are still as vulnerable as they were before the 2008 crash, according to research by the University of Portsmouth. Banks in Italy, France, and Spain [...]
Factory gate prices starting to make a recovery in the Eurozone May 5, 2015 EUROZONE factory gate prices edged up in March, according to figures released by Eurostat yesterday. It adds further evidence that inflation in the currency bloc has bottomed out. Industrial producer prices rose 0.2 per cent in March compared with February. Industrial producer prices – also known as factory gate prices – gauge the prices of [...]
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 [...]