Search Results for: euro
How much do Europeans spend on housing?
December 10th, 2020
In 2019, households in the EU spent over €1 700 bn (equivalent to 12.3% of EU GDP) on ‘Housing, water, electricity, gas and other fuels’. This represents nearly a quarter (23.5%) of their total consumption expenditure and is by ...
European stocks are expected to open lower on Thursday
December 10th, 2020
European stocks are expected to open lower on Thursday as markets track the parlous state of Brexit trade deal talks between the U.K. and EU this week. London’s FTSE is seen opening 10 points lower at 6,563, Germany’s DAX ...
A digital euro
November 19th, 2020
The ECB, as guardian of the euro, provides currency in two forms: we issue banknotes and we transfer electronic deposits to banks and other financial institutions. Digitalisation has spread to every corner of our lives and transformed how we ...
Annual inflation stable at -0.3% in the euro area
November 18th, 2020
The euro area annual inflation rate was -0.3% in October 2020, stable compared to September. A year earlier, the rate was 0.7%. European Union annual inflation was 0.3% in October 2020, stable compared to September. A year earlier, the ...
European stocks closed lower; Travel stocks shedding 1.1%
November 18th, 2020
European stocks closed lower on Tuesday despite a backdrop of more positive coronavirus vaccine news from Moderna. The pan-European Stoxx 600 closed down by around 0.2% provisionally, with travel stocks shedding 1.1% to lead the losses as the majority ...
European stocks close higher on vaccine hopes
November 10th, 2020
European stocks closed higher Tuesday, extending gains from the previous session on hopes an effective coronavirus vaccine has been found. The pan-European Stoxx 600 nudged higher to close up around 0.1% provisionally. Tech stocks dropped 1.9% while banks surged ...
European stocks pulled back Tuesday
October 27th, 2020
European stocks pulled back Tuesday morning amid a choppy start to trading, as investors continued to monitor the rapid spread of coronavirus across the continent and digested a fresh round of major corporate earnings. The pan-European Stoxx 600 slipped ...
The destruction of the euro
October 26th, 2020
The Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming. Despite official denials over the years that it is a matter of concern, it is increasingly obvious ...
The Euro US Dollar exchange rate is pushing higher
October 21st, 2020
The Euro US Dollar (EUR/USD) exchange rate is pushing higher on Wednesday for a fourth straight session. The pair settled +0.5% higher at US$1.1821 in the previous session, towards the upper end of the daily traded range. At 07:15 ...
European stocks are breaking from the overnight trend in Asia; The biggest movers
October 16th, 2020
European markets advanced on Friday morning, looking to bounce back from steep losses in the previous session, with the rapid spread of coronavirus through the continent remaining on investors’ radar. The pan-European Stoxx 600 climbed 0.8% by mid-morning trade, ...
