Euro Zone Economy

Euro zone economy is quite like water quality of Seine (polluted river in Paris), some days it may look okay but overall it's poor enough to continuously worry about it, ING economist Bert Colijn said

The euro, which has fallen some 0.8% since Prez Emmanuel Macron called the election on June 9, was last 0.24% higher at $1.0737

The fourth quarter GDP figure was also revised down to a negative 0.1% from a previous 0.0%, meaning that the euro zone was in a technical recession in the second half of 2023

The ECB is widely expected to leave interest rates at the current record high of 4%

Price growth, now a long way from its peak in double digit territory in late 2022, fell as unprocessed food, energy and industrial goods inflation all slowed

Germany's 2-year bond yield, which is sensitive to interest rate expectations, was down 1 bp at 2.40%, its lowest since March

Euro zone inflation eased to 2.4% in November from 2.9% in October, data showed last week, prompting bets that the ECB will begin cutting interest rates sooner than previously thought

The U.S. 10-year Treasury yield - which sets the tone for other bond yields around the world - has dropped around 28 bps since surging to a 16-year high of 4.887% last week

The move is part of ECB efforts to fight record-high inflation in the euro zone by raising the cost of credit and it is its first step towards mopping up even more liquidity

Euro fell to $1.1008 in early Asia trade, its weakest since May 2020, following news Ukraine's Zaporizhzhia nuclear power plant was on fire after an attack by Russian troops

The White House said in a statement that Biden had accepted the meeting "in principle" but only "if an invasion hasn't happened"

Against the greenback, the single currency climbed 0.4% to $1.1346, and within striking distance of Monday's high of $1.1369 as European stock futures rebounded on the news

A brief overview of the poorest countries in Europe, measured as gross domestic product per capita converted into euros.

When the coronavirus was spreading rapidly, governments imposed strict restrictions, encouraging citizens to stay at home and forcing much of the service industry to close.

The core inflation drop reinforces calls by European Central Bank doves to maintain the stimulus to the economy

About 85% of economists in the poll said the risk the job recovery reverses by year-end was high

Lagarde said the actual outcome would be between the "medium and "severe" scenarios

Inflation will hover near the current level while there is no convincing upswing in consumer prices

GDP of the bloc grew by 0.5% in the first quarter, taking the annualised growth estimate to 1.8%

Signs the bloc is on a sustainable growth path, along with inflationary pressures