Euro zone economic optimism surges to 21-year high June 29, 2021 Euro zone economic sentiment surged to a 21-year high in June as the region’s economies started to reopen. Watch the full report.
City A.M. TV: Market Snapshot May 17, 2021 In today’s video we examine the question of whether or not Bitcoin provides any insight into the global equity market direction.
Eurozone GDP contracts as it slips into double-dip recession territory April 30, 2021 The Eurozone economy shrank by 0.6 per cent in the first three months of the year as it slid back into recession following persistent Covid lockdowns. The European Union’s statistics office Eurostat said GDP in the 19 countries sharing the euro contracted by 1.8 per cent year-on-year. This put the single currency area in a [...]
France announces new regional lockdowns February 26, 2021 The French government has placed Dunkirk and Nice under weekend lockdowns, and Paris may soon follow suit. French health minister Olivier Véran announced on Wednesday a new lockdown in the city of Dunkirk and the Hauts de Flandres region for the next to weekends. The decision was made alongside local officials due to the “worrying [...]
European bank giants plot payment network to rival Visa and Mastercard February 24, 2021 Members of the European Payments Initiative (EPI), a project launched with the help of 22 banks, said today that a pan-European payment network can be in place by 2025, making the continent “master of its own destiny.” The 22 banks, which include names such as Deutsche Bank, UniCredit and ING, are shareholders in the EPI [...]
Eurozone GDP fell as lockdown restrictions tightened ahead of Christmas February 16, 2021 Eurozone GDP fell as lockdown restrictions tightened ahead of CHristmas
EU faces surge in bankruptcies as states start to withdraw pandemic support February 11, 2021 A leaked document from the European Union has revealed that a spike in bankruptcies and bad loans awaits the European Commission during the bloc’s post-pandemic economic recovery, as states begin to withdraw public support schemes. The note, seen by Reuters, said that it has taken nearly €2.3 trillion in national liquidity support to prevent a [...]
Slow vaccine rollouts cause eurozone investor morale to slip February 8, 2021 Investor morale in the eurozone unexpectedly dropped in February as lockdowns left their mark on the economy, a survey showed on Monday. Attempts to suppress Covid-19 left the eurozone trailing behind other regions in the world, as countries such as the USA showed a strong recovery. Sentix, who surveyed more than 1,250 investors, said that [...]
Italy Prime Minister Giuseppe Conte to resign tomorrow, as his coalition crumbles January 25, 2021 Italian Prime Minister Giuseppe Conte will hand in his resignation to the head of state tomorrow morning after a cabinet meeting to inform his ministers, Conte’s office said. The prime minister, who has been in office since June 2018, hopes President Sergio Mattarella will give him a mandate to form a new government with broader backing in parliament, [...]
Eurozone business activity shrinks sharply in January as lockdowns batter services January 22, 2021 Economic activity in the eurozone has plummeted in January as lockdown measures hit the bloc’s dominant service industry, a survey showed today. IHS Markit’s guide to economic health fell further below the 50 mark to 47.5 in January, a further dip from December’s 49.1. Chris Williamson, chief business economist at IHS Markit, believes a double-dip [...]