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Economy

ECB follows 'middle path' on rates as inflation risks remain

Eurozone inflation fell to 2.4% in December 2024, but ECB chief economist Philip Lane cautions that services inflation and uneven growth persist. A "middle path" on interest rates and structural reforms is crucial for stability.

Economy

Eurozone inflation on the rise: Could ECB cuts be in jeopardy?

Despite the rise in inflation, markets continue to anticipate aggressive ECB rate cuts in 2025, with a 25-basis-point reduction expected this month.

Economy

Eurozone economy figures see slowdown for last month of 2024

Shrinking business activity was driven entirely by the manufacturing sector, with France being the weakest-performing out of the three biggest economies within the eurozone.

Economy

Eurozone services rebound in December, but political woes linger

Eurozone services rebounded in December, lifting overall activity despite a manufacturing slump and job cuts. Germany and France remain in contraction, weighed by political uncertainty. Inflationary pressures persist, keeping the ECB's interest rate path uncertain.

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Markets

European markets may face pressure following weak Chinese data

China reported disappointing retail sales data for November, underscoring ongoing challenges with sluggish consumer demands. The data will likely weigh on the European stock markets, particularly in consumer, energy, and mining sectors.

Markets

Euro weakens ahead of the ECB rate decision due out later today

The euro further declined against the US dollar following the release of US inflation data on Wednesday. Markets will be closely watching the upcoming ECB decision today.

Economy

Eurozone economy touches two-year high as households spend more

The Eurozone quarter-on-quarter GDP growth rate inched up in the third quarter of the year, boosted by increased government and household spending, as well as higher inventories.

Markets

French markets near a four-month low amid government crisis

French markets are a rare underperformer, compared to their global peers this year amid its political turmoil. The risk of a government collapse is set to add more challenges to the eurozone’s economy, hence, pressuring the euro.

Economy

Eurozone annual inflation hits ECB target as it rises to 2% in October

Eurostat data released on Tuesday showed eurozone inflation rose to the European Central Bank's 2% target in October.

Economy

Eurozone inflation figures see rise above forecasts for October

Eurozone inflation hit 2% in October, exceeding forecasts and up from September's 1.7%, driven by services and food prices. Germany witnessed unexpected price increases. The euro strengthened.

Economy

Why is Spain's economy growing faster than its eurozone peers?

The Spanish economy has shown robust growth in recent years, although experts question how long it will last.

Economy

Eurozone economy shows slight lift as Germany and France top forecasts

Eurozone GDP grew in the third quarter of 2024 at its fastest pace in two years, boosted by stronger-than-expected growth in Germany and France. The euro rose on positive data, while European stocks fell amid global market tensions and upcoming US election concerns.

Economy

Will the European Central Bank opt for a large rate cut in December?

Money markets see an increased likelihood of the European Central Bank (ECB) deepening its rate cuts in December following weak economic data. However, analysts expect the bank to maintain a gradual approach to rate reductions due to the persistent upside risks in inflation.

Economy

Eurozone business activity contracts again, but Germany improves

The eurozone's private sector activity contracted slightly in October, marking the second consecutive month of decline.

Business

US-Europe economic growth divergences to widen further, IMF warns

The IMF warns of widening US-Europe growth divergences, calling for increased public investment in Europe. While US growth forecasts have been upgraded, the eurozone faces downgrades, with key economies like Germany and Italy struggling to keep pace.

Economy

Eurozone: August retail sales rise, but Germany's factory orders sink

Eurozone retail sales grew 0.2% in August, rebounding from July's flat reading, while Germany's factory orders plunged 5.8%, marking their worst decline since January. The euro slipped below $1.10 on the news.

Business

Eurozone jobless figure remains stable, according to latest data

The eurozone unemployment rate remained stable at 6.4% throughout June, July and August, and down 0.2% on August last year. Greece, Spain and Sweden have the highest rates of unemployment.

Economy

Eurozone inflation drops in September, falling below ECB's target

The drop below the target of 2% was mainly due to falling energy prices. However, the European economy may still not be out of the woods.

Economy

Eurozone inflation figures see drop in August, towards ECB 2% target

Services were the main reason for the boost but growth in inflation was at the slowest rate in three years and inching towards the ECB's target of 2%.

Economy

European Central Bank cuts interest rates again as inflation slows

The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June.