London—The euro, pound, and dollar stabilised on Thursday as China’s yuan fell from a 3–1/2-year high and was set for its biggest drop in more than four months. With the U.S. Federal Reserve, European Central Bank, and Bank of England among those meeting to discuss monetary policy next week, investors will be keenly watching for forward…
Euro Slips, Dollar Rises With Central Banks in Focus; Yuan Drops
December 9, 2021
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Euro Zone Inflation Will Take Longer to Fall Back to 2 Percent, Says ECB
December 8, 2021
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FRANKFURT—Euro zone inflation will take longer to fall back to target than earlier thought but so far there is no evidence that high prices are becoming embedded in wages, ECB Vice President Luis de Guindos said on Wednesday. High inflation is challenging the ECB, which has little experience dealing with rapid price growth and complicates…
No Need Now for ECB to Boost Legacy Bond Purchase Scheme: Muller
December 7, 2021
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FRANKFURT—Euro zone inflation could exceed the European Central Bank’s forecast in the long term, so there is no reason now to boost a legacy bond purchase programme when an emergency scheme ends next March, ECB policymaker Madis Muller said. The ECB is debating life after the 1.85 trillion euro ($2.08 trillion) Pandemic Emergency Purchase Programme…
ECB to Redesign Euro Banknotes in Inclusion Effort
FRANKFURT—The European Central Bank said on Monday it plans to redesign the euro’s banknotes over the next three years to make them “more relatable” to Europeans of all ages and backgrounds. ECB focus groups will now gather suggestions about the overarching theme of the new banknotes from the public in the 19 countries that share…
Euro Zone November Business Growth Acceleration May Be Temporary: PMI
December 3, 2021
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LONDON—Euro zone business activity accelerated last month but the bounce may be temporary as demand growth weakened and fears about the Omicron coronavirus variant put a dent in optimism, a survey showed on Friday. IHS Markit’s Flash Composite Purchasing Managers’ Index (PMI), a good gauge of overall economic health, jumped to 55.4 in November from…
Euro Zone Retail Sales Up in October on Non-Food Purchases
December 3, 2021
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BRUSSELS—Euro zone retail sales rose in line with expectations in October as consumers spent more on non-food purchases, particularly online, data from Eurostat showed on Friday. Retail sales, a proxy for consumer demand, in the 19 countries sharing the euro, gained 0.2 percent month-on-month in October and were up 1.4 percent from a year earlier,…
Euro Zone Producer Prices Surge in October, Unemployment Eases
December 2, 2021
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BRUSSELS—Euro zone producer prices jumped more than expected in October, data showed on Thursday, driven mainly by a surge in energy prices, while unemployment eased again as the economy continued to recover from the pandemic-induced recession. The European Union’s statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro rose…
Euro Dollar Volatility Surges on Omicron, Bets on Fed
December 1, 2021
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London—The dollar edged up on Wednesday as euro-dollar volatility hit the highest level of the year in response to worries about the Omicron variant, while the dollar found support in renewed expectations for interest rates hikes. The dollar index rose 0.03 percent to 95.997 at 0920 GMT, after it registered its strongest month since June,…
Money Markets Scale Back ECB Rate Hike Bets on Coronavirus Variant Worries
November 26, 2021
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LONDON—Euro zone money markets on Friday scaled back bets on a rate hike from the European Central Bank next year as news of a new coronavirus variant spreading across South Africa cast a shadow over the short-term economic outlook. Money market futures were pricing in roughly a 50 percent chance of 10 basis point rate…
Euro Zone November Growth Surprisingly Strong but Outlook Darkens: PMI
November 23, 2021
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LONDON—Euro zone business growth unexpectedly accelerated this month but another wave of coronavirus infections and new restrictions, alongside price pressures, are likely to put a dent in December’s expansion, a survey showed on Tuesday. IHS Markit’s Flash Composite Purchasing Managers’ Index, a good indicator of overall economic health, jumped to 55.8 in November from 54.2…
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