Tag: euro

Euro Zone Business Growth Slipped to Six-Month Low in October as Price Pressures Soared

BENGALURU/LONDON—Euro zone business growth slipped to a six-month low in October as supply chain bottlenecks and logistical issues related to the COVID-19 pandemic pushed input prices to rise at the fastest rate in over two decades, a survey showed. Government restrictions are being lifted in the currency bloc but shortages of raw materials in the…


Euro Zone Unemployment Eases to 7.4 Percent in September as Expected

BRUSSELS—Euro zone unemployment eased to 7.4 percent of the workforce in September as expected, the EU’s statistics office said on Wednesday, as the economy continues to recover from the recession caused by the COVID-19 pandemic. The statistics office said 12.079 million people were without jobs in the 19 countries sharing the euro in September, compared…


ECB ‘Very Unlikely’ to Raise Rates in 2022, Lagarde Says

FRANKFURT—The European Central Bank is very unlikely to raise interest rates next year as inflation remains too low, European Central Bank President Christine Lagarde said on Wednesday, pushing back on market bets for a move as soon as next October. With inflation running at a 13-year-high, markets are increasingly betting that the ECB will retreat…


Euro Zone October Factory Growth Hurt by Supply Woes, Price Pressures: PMI

LONDON—Euro zone manufacturing activity remained strong last month but was curtailed by supply chain bottlenecks and logistical problems which sent input costs soaring, a survey showed on Tuesday. Ongoing disruptions caused by the coronavirus pandemic, alongside a shortage of heavy goods vehicle drivers, has caused product shortages and left factories struggling to get the raw…


ECB Survey Shows Euro Zone Inflation Just Below Goal in 2022

FRANKFURT—Euro zone inflation will be higher in the coming years than earlier predicted and will come in just below the European Central Bank’s 2 percent target in 2022, a survey by the ECB showed on Friday. Consumer price growth is now seen averaging 2.3 percent this year and 1.9 percent the next, the Survey of…


Euro Slips to More Than 1-Year Lows Versus Swiss Franc on Dovish ECB

LONDON—The euro slipped broadly against its rivals on Friday, falling to more than one-year lows against the Swiss franc, as Italian bond yields resumed their upward march a day after the European Central Bank struck a dovish note at a policy meeting. At the meeting President Christine Lagarde disappointed market expectations that she would push…


Amazon, Apple Weigh on Stocks, Rate Hike Hopes Underpin Euro

LONDON—Amazon and Apple earnings took the froth out of U.S. stock futures and world equities on Friday, though the euro held near one-month highs on euro zone rate rise hopes. Amazon.com reported a slump in profit after the bell on Thursday that it expects will continue through the holiday quarter, as higher pay to attract…


Dollar Falls on Euro Strength After ECB Meeting as Rates Move

NEW YORK/LONDON—The euro rose sharply against the U.S. dollar on Thursday as foreign currency traders sorted through moves in the interest rate markets and comments by the European Central Bank President Christine Lagarde. The euro rose nearly 0.7 percent to at $1.168 at 1425 GMT. The dollar index of major currencies fell 0.6 percent to…


Euro Hovers Ahead of ECB Meeting, Yen Looks Past BOJ Doves

LONDON—The euro dipped below $1.16 ahead of the European Central Bank meeting on Thursday as investors wait to hear policymakers’ views on the outlook for inflation and an expected push back against rising interest rate projections. On a busy day for central bank-driven activity, the Australian dollar dipped on growing speculation about the Reserve Bank…


Euro Zone Banks Raised Bar for Mortgages in Third Quarter, ECB Says

FRANKFURT—Euro zone banks tightened access to mortgages in the three months to September and expect to continue doing so in the final quarter of the year, a European Central Bank survey showed on Tuesday. ECB policymakers are set to take stock of the economic situation at a meeting on Thursday, paving the way for a…