Euro trims losses against dollar
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Eurozone, annual inflation
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Despite the decline, the composite PMI does remain at a decent level, which indicates that the fourth quarter is likely to see positive GDP growth for the eurozone. New orders continue to grow, as does employment. Besides that, input prices continue to rise, which supports inflation at the current pace of around 2%.
Eurozone government bond yields fell slightly as investors awaited Germany’s December Ifo business climate index at 0900 GMT.
The weaker performance is primarily attributable to the German industry, says Hamburg Commercial Bank’s chief economist Read more at The Business Times.
Industrial production growth in the eurozone accelerated in October, reinforcing the idea that the ECB is done with easing
It is a sign households remain wary of spending as the bloc looks to consumers to drive an economic recovery.
EUR/USD is consolidating below resistance as Fed rate cut expectations, stronger Eurozone data, and weakening dollar signals set the stage for a breakout toward 1.22.
If there is a phrase being bandied about increasingly in the eurozone these days, it is this one: The breakdown of Europe's 17-nation single currency is possible -- but not yet probable. Why is the breakdown possible? Because it's getting increasingly ...
The economy grew at a faster pace than estimated in the three months through September, aided by a pickup in investment.
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Bulgaria’s government resigns after mass protests and just weeks before nation due to join eurozone
The resignation of the minority coalition, led by the center-right GERB party, was announced minutes before parliament was scheduled to vote on a no-confidence motion tabled by the opposition over economic mismanagement and supported by growing public anger.