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Markets

Euro tumbles to a one-year low as US releases inflation figures

The euro further declined against the US dollar following the release of US inflation data on Wednesday. Analysts expect that the euro may continue to face downward pressure against the dollar, even if enthusiasm over Trump's policies subsides.

Business

Market winners and losers as Trump secures historic victory

As Donald Trump returns as the 47th US president, several markets respond strongly to his policy shift. Here are five winners and losers as investors adjust to the new US administration.

Markets

Euro suffers worst drop since Covid ahead of Trump winning US election

Ahead of a decisive win by Donald Trump in the US presidential election there was a sharp rally in the US dollar, sending the euro to a four-month low and boosting Bitcoin by 5% to a record high as European markets opened.

Markets

Euro falls to two-month low as Fed shows no rush for further rate cuts

The euro weakened to a two-month low against the US dollar following the release of the Federal Reserve meeting minutes. The trend is likely to continue due to shifting expectations about the European Central Bank (ECB) and the Federal Reserve's approach to interest rate cuts.

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Business

Eurozone retail sales rebound as euro strengthens against US dollar

Eurozone retail sales rose by 0.1% in July, rebounding from a June decline. The euro strengthened to 1.11 against the dollar, driven by US Fed rate cut speculation ahead of Friday's jobs report.

Economy

Eurozone inflation at 2.6% in July as euro hits 9-month high

Eurozone inflation was confirmed at 2.6% year-on-year in July, up from 2.5% in June. The inflation rise, coupled with expectations for Federal Reserve rate cuts, have pushed the euro to a 9-month high against the US dollar.

Economy

Euro area trade surplus rises despite a drop in exports

The value of exports in the region outweighed imports in June 2024, particularly when looking at the trade of chemicals, machinery and vehicles.

Bulgaria

Bulgaria's political impasse complicates its relations with Brussels

One of Bulgaria's top issues is joining the eurozone. Sofia hopes to join the single currency in 2025, but the political difficulties of recent years make this unlikely.

Markets

Euro surges to eight-month high as safe haven currency

The euro is likely to rise further as a safe destination due to the jittery sentiment amid the global market turmoil. The ECB's September rate decision remains a key factor in determining the single currency's trend.

Economy

More eurozone citizens find themselves jobless in June

The marginal increase in unemployment in the eurozone suggests a slow-down in the labour market after a period of growth.

Business

Trump's cryptocurrency endorsement: Upcoming challenges for Europe

Bitcoin experienced a further surge following former US President Donald Trump's keynote address in support of cryptocurrencies. This development may reignite concerns about the European Union's regulations over the controversial market.

Economy

Jittery times in June make euro and yen the weakest currencies

In the group of G-10 currencies, the euro and the Japanese yen saw the sharpest decline against the US dollar. The EU's political turmoil and the BOJ's dilemma in its policy stance have weighed on both currencies.

Economy

Flicker of optimism for Europe's producers as energy prices see a fall

Higher energy prices over the past few months because of the Russia-Ukraine war have been costly for European factories and manufacturers.

Economy

Deutsche Bank revises eurozone GDP outlook for the year

The German economy is doing better than expected, while the UK economy is also going through a cyclical recovery.

Economy

Eurozone unemployment plunges to record low of 6.4% in April

Falling unemployment could point to a brightening European outlook, with the Euro Area economic sentiment improving as well.

Economy

Eurozone inflation cools, but not as much as expected

Falling inflation figures from the Eurozone and its biggest economies will come as a relief to the ECB, which makes its next interest rate decision next week.

Economy

Euro area to struggle with 'subdued' activity in short term: Lagarde

The head of the European Central Bank noted that, while economic activity will still be sluggish in the near future, data suggests things will pick up later on in 2024.

Economy

Global economy heading towards lowest half-decade growth in 30 years

World Bank predicts the global economy will slow for a third consecutive year in 2024.

Economy

Unemployment in the euro area drops to 6.4%

The latest data from Eurostat shows unemployment rates are getting slightly better in the euro area and the wider EU.

Economy

Euro area inflation rises less than expected in December

Eurozone inflation in December rose by 2.9% year-on-year, less than the 3% expected, ending a seven-month decline streak. Monthly, the inflation rate increased by 0.2%. Core inflation, excluding energy and food, hit 3.4%. November's PPI fell by 0.3%, with a significant yearly drop of 8.8%.