Category: euro

Euro Slides as Austria’s Fourth National COVID-19 Lockdown Begins

London—The euro fell on Monday to trade close to a 16-month low on growing concerns over the impact of new COVID-19 restrictions in Europe, with Austria starting a full lockdown and Germany considering following suit. Austria began its fourth lockdown, the first introduced since vaccines became widely available, shutting Christmas markets, bars, cafes, and theatres….


World Stocks Off to a Cautious Start; Euro Struggles

LONDON—World stocks kicked off the week on a cautious note on Monday after posting a second consecutive weekly drop, and the euro struggled as traders weighed the risks of European lockdown restrictions and prospects of a faster Federal Reserve taper. Though Wall Street futures held comfortably in positive territory in early London trading, major European…


Euro Slumps as Austria Reimposes Lockdown; Dollar Flying High

LONDON—The euro slumped on Friday to near 16-month lows after Austria became the first country in western Europe to reimpose a full lockdown and Germany did not rule out doing the same. The single currency has been on the back foot all week, pressured by growing expectations that interest rates will be tightened faster elsewhere,…


Dollar Near 16-Month High Versus Euro Ahead of US Retail Sales Data

LONDON—The dollar held just below a 16-month high versus the euro on Tuesday, while the yuan reached its strongest in more than five months as markets welcomed dialogue between the U.S. President and Chinese leader. U.S. President Joe Biden and Chinese leader Xi Jinping stressed their responsibility to the world to avoid conflict, in talks…


Euro Zone Industry Output Stronger Than Expected in September

BRUSSELS—Euro zone industrial production dipped by less than expected in September, data showed on Friday, leaving it higher than anticipated year-on-year due to a surge in output of non-durable consumer goods. The European Union’s statistics office Eurostat said industrial production in the 19 countries sharing the euro fell 0.2 percent month-on-month in September for a…


Euro Zone Inflation Decline May Be Slower: Policymakers

FRANKFURT—Euro zone inflation may fall more slowly than earlier thought, partly on persistent supply chain bottlenecks, but the European Central must not overreact by removing stimulus too quickly, two ECB policymakers said on Friday. Inflation shot above 4 percent last month, more than twice the ECB’s 2 percent target, on soaring energy prices and industrial…


Euro Zone Investor Morale Rises on More Upbeat Outlook

BERLIN—Investor morale in the euro zone rose in November for the first time since July as investors expected supply bottlenecks and higher prices to hold back the economy only temporarily, a survey showed on Monday. Sentix’s index for the euro zone rose to 18.3 from 16.9 in October. A Reuters poll had pointed to a…


Euro Zone Housing Cost May Be Adding More to Inflation Than Thought: Holzmann

VIENNA—Housing costs may be adding more to euro zone inflation than once thought, European Central Bank policymaker Robert Holzmann said on Friday, weighing in on a key issue that has been a focus of policymakers this year. When asked how much owner-occupied housing costs could increase headline inflation, Holzmann, Austria’s central bank chief, said it…


Euro Zone Inflation Will Come Down Even If More Slowly, ECB’s de Guindos Says

MADRID—Euro zone inflation is still expected to fall next year as the factors driving it remain temporary but the rate of its decline will be slower than earlier seen, European Central Bank Vice President Luis de Guindos said on Friday. “Inflation next year will undoubtedly slow down, but the intensity of the fall is perhaps…


Euro Zone Producer Prices Make Record Jump in September: Eurostat

BRUSSELS—Euro zone producer prices jumped in September more than expected, driven by skyrocketing energy costs, recording their highest increase on record in a new sign of strong inflationary pressures in the bloc, public data showed on Thursday. The European Union’s statistics office Eurostat estimated that prices at factory gates in the 19 countries sharing the…