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Tag Archives: Eurozone

Eurozone GDP Shrinks Fastest in History, Losing 12.1% in Second Quarter

Reuters Eurozone GDP declined 12.1% in the second quarter, the largest decline in history. This is significantly higher than the eurozone’s GDP decline of 3.6% in the first quarter Spain was the hardest hit country, down 18.5% from the previous quarter. The European Union made a historic deal last week on a $ 860 billion recovery fund aimed at rebuilding …

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Eurozone GDP Shrinks Fastest in History, Losing 12.1% in Second Quarter

Reuters Eurozone GDP declined 12.1% in the second quarter, the largest decline in history. This is significantly higher than the eurozone’s GDP decline of 3.6% in the first quarter Spain was the hardest hit country, down 18.5% from the previous quarter. The European Union made a historic deal last week on a $ 860 billion recovery fund aimed at rebuilding …

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Business in the eurozone plummets to “shocking” Corona virus lows

May 14, 2019, Saxony, Zwickau: Employees of the Volkswagen Saxony plant in Zwickau assemble golf model vehicles on a production line. Picture Allianz | Picture Allianz | Getty Images Business activity in the eurozone hit another record low in April, another sign that the coronavirus pandemic is causing serious economic damage across the region. The IHS Markit Purchasing Managers’ Index, …

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IMF front-line list replaces candidates for Lagarde Narrows in the Eurozone

The list of leaders for the succession of Christine Lagarde as head of the International Monetary Fund is confined to four officials in the euro area, according to several senior European officials. The finance ministers of the group of seven discussed on Wednesday in Chantilly, France, on the sidelines of a summit on the front runners. wife. Lagarde, who was …

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Eurozone bond yields are declining as China's data worries growth fears

* Weak stocks, China's data raises EZ bonds * German Bund yields fall from 2-week highs * US 2.5-year bond yields reached a decade high after the Fed meeting [19659002] * Eurozone Government Bond Returns tmsnrt.rs/2ii2Bqr By Dhara Ranasinghe LONDON, November 9 (Reuters) – 10-year German Bund yields fell more than two-week highs Friday, peaking in most eurozone countries debt …

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UPDATE 1-German Minister of Finance supports Merkel's financing proposals for the Eurozone

(Updates with details, quotes, moves date line to The Hague.) By Toby Sterling THE HAGUE, June 4 (Reuters) – German Finance Minister Olaf Scholz said on Monday he supports the modest plans by Federal Chancellor Angela Merkel for a European investment fund that could invest in financially weaker member states of the Eurozone. Merkel outlined her financing plan, which could …

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Inflation in the eurozone clearly exceeded expectations in May

BRUSSELS / FRANKFURT (Reuters) – Inflation in the eurozone rose much more sharply than expected in May, giving relief to the European Central Bank following the turmoil that threatened the planned exit from a major stimulus package. FILE PHOTO: General view of the skyline of the La Defense business district behind the Paris landmark of the Arc de Triomphe and …

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ECB Praet sees political "clouds" over the strong economy of the Eurozone

BRUSSELS (Reuters) – The Eurozone economy is in good shape, but there are "clouds" in government policy, such as Italy, that could undermine confidence, said European Central Bank chief economist on Thursday. The ECB has been spurring the economy in the eurozone since 2015 with massive cash injections. However, it is expected to withdraw its stimulus measures and raise interest …

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Eurozone boffins to Virtually Smash Sats • The Register

The ESA wants to solve a crucial puzzle: What really happens when accidents occur in orbit? A model image of a collision with a satellite that generates debris. Photo credits: ESA / ID & Sense / ONiRiXEL The European Space Agency (ESA) launches a new research project to study satellite collisions in space "We want to understand what happens when …

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Eurozone yields fall, but the US Treasury landmark hangs above the market

* Bonds Asked Before Ifo Survey, Debt Repayments * 10-year US yields, however, fluctuate near 3-percent mark * Italy / Germany continues to spread before ECB meeting [19659002] * Eurozone Peripheral Government Bond Yields tmsnrt.rs/2ii2Bqr By Abhinav Ramnarayan LONDON, April 24 (Reuters) – Investors resumed bond purchases of Eurozone government bonds on Tuesday, pushing yields lower the economic climate has …

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