EURO Economy

By My Trading Buddy | News & Stories affecting the Eurozone Economy and those that are trading and Investing in Euro Assets including, Stocks, Bonds, Futures and Forex

April 2017 Market Outlook for EUR - Politics Take Cantre Stage | MTB Market Analysis

<b>April 2017 Market Outlook for EUR</b><p>Politics takes center stage for the single currency in April with elections in France and the start of the Brexit …

What Does Geert Wilders ’ Loss Mean for Le Pen & French Election? | MTB Market Analysis

Far-right leader Geert Wilders suffered a swift defeat in the March 15 Dutch election, delivering a significant blow to Europe’s populist uprising. …

Central Banks Rundown: Monetary Policy Continues to Drive Markets | MTB Market Analysis

Monetary policy has been a key driver of the global financial markets since the 2008 U.S. subprime mortgage crisis, which quickly devolved into the …

Bank of England deputy governor 'must resign' over code of conduct breach - as it happened

Charlotte Hogg has admitted she didn’t declare that her brother Quintin works for Barclays, and one MP says she should quit<p>BoE deputy governor admits breaching bank code Treasury committee concerned Labour MP: Hogg has broken standards of public life Bank top brass: She’s a superb public servant

Eurozone economy overtakes UK as France and Germany accelerate

Germany and France are experiencing an economic resurgence, driving the eurozone to grow at its fastest pace in almost six years, while UK companies appear to have lost some pace.<p>Strong demand pushed up business output across all of the major eurozone economies, according to IHS Markit’s purchasing …

Economy

What if the euro imploded? Six trade ideas

LONDON (Reuters) - Frexit, Grexit or jitters about Quitaly - existential threats to the euro are remote but investors are still looking for clever ways to protect themselves against the risk of a euro dropout.<p>Pricing in arcane reaches of bond markets and elsewhere shows investors are not taking …

Economy

March 2017 Market Outlook - Important Economic Events | MTB Market Analysis

Although Donald Trump’s victory in the US Presidential elections resulted in an immediate upturn in business sentiment in the country, the highly …

Juncker to offer EU 'pathways' to post-Brexit unity

BRUSSELS (Reuters) - European Union chief executive Jean-Claude Juncker will propose to national leaders next month a handful of options for shoring up unity once Britain launches a withdrawal that some fear could trigger a further unraveling of the bloc.<p>The European Commission president wants some …

Brexit

Euro zone economy - real recovery or another Sirens' song?

LONDON (Reuters) - Over the years, euro zone economic growth has been a bit like the Sirens in Homer’s Odyssey: singing a song of promise, only to end up pulling you onto the rocks. Will it be different this time?<p>The strong growth registered in numerous data releases and surveys at the beginning of …

Economy

GREECE IN PANIC: Citizens withdraw £2.1bn from banks in 45 DAYS amid default fears

And they are stashing the cash under their mattreses, in safes and in furniture amid a new run on the banks, it has been claimed.<p>Greece faces running …

Europe must not cave in to US spending demands on NATO, says EU's Jean-Claude Juncker

European Commission President Jean-Claude Juncker said on Thursday that Europe must not cave in to US demands to raise military spending, arguing that development and humanitarian aid could also count as security.<p>US president Donald Trump has raised questions about his commitment to the NATO …

Jean-Claude Juncker

France’s Le Pen Announces Presidential Campaign: What Does it Mean for Financial Markets? | MTB Market Analysis

Earlier this month, far-right leader Marine Le Pen officially launched her presidential campaign in France with a pledge that if elected she would …

Germany wants Greece in euro zone, IMF says no special deals

BRUSSELS/BERLIN (Reuters) - Germany on Monday voiced support for Greece to stay in the euro zone and the European Commission dispatched a senior official to Athens to persuade it to take on further reforms to salvage its bailout accord.<p>International Monetary Fund chief Christine Lagarde, meanwhile, …

Greece

Germany’s Global Trade Surplus Hits Record in 2016

Data likely to fuel debate between Washington and Berlin about Germany’s dependence on exports<p>FRANKFURT—Germany’s exports exceeded its imports by the widest yearly margin on record last year, a sign of the strength of Europe’s biggest economy that could inflame tensions between Washington and …

Economy

The head of the European Central Bank slammed Trump's efforts to slash Wall Street regulation

By Balazs Koranyi and Francesco Canepa<p>FRANKFURT (Reuters) - The European Central Bank rejected U.S. accusations of currency manipulation on Monday and warned that deregulating the banking industry, now being openly discussed in Washington, could sow the seeds of the next financial crisis.<p>Arguing …

Economy

Benefits of leaving the euro are a mirage: Draghi

FRANKFURT (Reuters) - Ditching the euro would not benefit any country in the currency bloc, and governments mostly have themselves to blame for their economic problems, European Central Bank President Mario Draghi said on Thursday.<p>Euroskepticism has gained ground in the region as its political …

Economics

Eurozone inflation surges to highest rate in almost four years

Eurozone inflation surged to a near four-year high in January, in a jump that is likely to intensify the debate surrounding the European Central Bank's bond buying programme.<p>Annual consumer prices inflation rose to 1.8pc in January amid a jump in food and energy costs, up from 1.1pc in December, …

Economy

Eurozone inflation jumps in January

<b>The eurozone's economy is showing signs of recovery after the latest data pointed to a fall in unemployment while growth and inflation picked up.</b><p>Rising energy prices pushed inflation to 1.8% in January, a near four-year high and up from 1.1% in December.<p>Eurostat data also showed the jobless rate …

From north to south, euro zone economy steams into 2017

LONDON (Reuters) - The euro zone economy has kicked off the year robustly, data from the Baltic to the Mediterranean showed on Monday, evidence for the European Central Bank that its massive cash stimulus is working but also posing questions about what comes next.<p>There are risks ahead - some …

Economy

Goldman: Europe’s Stocks to Return Double U.S. Equities in 2017

European equities will catch up to their U.S. peers once the uncertainty surrounding near-term elections is lifted, according to Goldman Sachs Group …

Euro zone bailout fund - Greek public debt is manageable

BRUSSELS (Reuters) - Greece’s public debt can be manageable, the euro zone bailout fund said on Sunday, responding to a leaked report by the International Monetary Fund that the country’s debt will explode to 275 percent of GDP by 2060.<p>A spokesman for the bailout fund, the European Stability …

Greece

Adidas CEO very concerned about Europe's political failure: Welt

BERLIN (Reuters) - Adidas (ADSGn.DE) Chief Executive Kasper Rorsted is very worried about the effects of Europe’s failure to solve its problems, German newspaper Die Welt reported.<p>European Union leaders are grappling with the challenges of migration, a lingering euro crisis, the rise of right-wing …

World Politics

Draghi Makes It Clear

The euro has been on a rather strong uptrend in the month of January, increasing close to 3% against the U.S. dollar.<p>Revealed last week was the fact …

China eyes stabilising role in call with Germany's Merkel

SHANGHAI/BERLIN (Reuters) - Chinese Premier Li Keqiang has called for China and Germany to play a leading role to ensure the stability of international markets amid an uncertain climate, the official Xinhua news agency said late on Wednesday.<p>During a call with German Chancellor Angela Merkel, Li …

China

The Crisis of the Middle Class: Davos Panel

IMF Managing Director Christine Lagarde, Italian Economy and Finance Minister Pier Carlo Padoan, Harvard University President Emeritus Larry Summers, …

REPORT: Brexit will move Europe's financial heart from London to Frankfurt

LONDON - Germany's financial centre, Frankfurt, is set to grab a huge chunk of the City of London's business post-Brexit, aided by themerger between the London Stock Exchange and Deutsche Boerse.<p>According to a research paper commissioned by Deutsche Boerse, and published by Professor Dirk Schiereck …

Brexit

Italy will be the next big problem in Europe

As a new year begins, we look at a key forecast that will bridge 2016 and 2017: the Italian banking crisis. In Geopolitical Futures’ 2016 forecast, we said that the focal point of Europe’s financial crisis would shift from Greece to the Italian banking system. For 2017, we forecast that the …

Economy

There's Probably No Solution For Europe's Problems

European Central Bank President Mario Draghi arrives to attend a European Union Summit at the European Council building in Brussels on December 15, 2016. / AFP / THIERRY CHARLIER (Photo credit should read THIERRY CHARLIER/AFP/Getty Images)<p>Our fifty states are essentially what the European Union’s …

Economy

Eurozone inflation unexpectedly rises to 1.1% | MTB Market Analysis

Inflation levels for Eurozone increased to a three year high. The December Consumer Price Index (CPI) surged to 1.1% over the period of twelve months …