-
From central bank rate cuts looking close to slump in factory output in Euro Zone triggered by China slowdown, and from Bitcoin's revival to $45,000 to decline in Apple shares, here's a look at some of the developments from around the world
-
Rising prices have papered over a lot of problems with the single currency, but disinflation could bring them back
-
"We maintain our view that Euro area growth will be weak over the winter months given the energy crisis but no longer look for a technical recession," Goldman Sachs economists led by Sven Jari Stehn said in a note.
-
Inflation in the euro zone hit a record 10.6 percent on an annualised basis last month, but economists polled by Reuters expect it to edge down to 10.4 percent in a flash reading for November due to be published this week
-
Having failed to foresee the surge in inflation to multi-decade highs, the Federal Reserve and most peers are now lifting rates at speed in a bid to restore price stability and their own credibility
-
S&P Global's flash Composite Purchasing Managers' Index (PMI), seen as a good guide to overall economic health, fell to 49.2 in August from 49.9 in July, just above the median forecast in a Reuters poll for a bigger drop to 49.0.
-
An index of euro zone shares (.STOXXE) gained 1.6%, bouncing off lows hit after the statement. Euro zone banks (.SX7E) climbed 2.5%, but were off highs hit earlier in the session.
-
Sanctions on Russia following its invasion last month have pushed energy prices to record highs across the continent, sapping confidence and raising the risk of another recession, even before some states have recovered from a COVID-fuelled downturn.
-
The European Union's statistics office Eurostat said GDP in the 19 countries sharing the euro contracted 0.6 percent quarter-on-quarter in the October-December period, for a 5.0 percent year-on-year fall.
-
That consolation in official figures released Tuesday couldn't erase a gloomier outlook for this year, as the 19 countries that use the euro are expected to lag China and the US in bouncing back from the worst of the pandemic.
-
Lending growth to non-financial corporations accelerated to 6.6 percent in April, its fastest rate in over 11 years, from 5.5 percent a month earlier, the data showed.
-
The 72-year-old Italian banker is widely credited with saving the euro zone from collapse, but some critics say he also overpowered opponents and tended to front-run the bank's monetary policy in public.
-
An index measuring output change, which feeds into a composite PMI due on June 5 that is seen as a good gauge of economic health, also held below the 50-mark separating growth from contraction, coming in at 48.9.
-
But survey compiler IHS Markit cautioned the August data were based on a much smaller sample size.
-
The output index fell to 54.2 from 54.8 in May, its lowest since November 2016.
-
The ratings agency said surprisingly strong data in the first half of the year prompted it to raise 2017 growth forecasts for China to 6.8 percent from 6.6 percent, for South Korea to 2.8 percent from 2.5 percent, and for Japan to 1.5 percent from 1.1 percent.
-
Inflation in the 19 countries sharing the euro slipped to 1.4 percent, its lowest level since December, from 1.9 percent year-on-year in April, statistics agency Eurostat said on Wednesday.
-
The European Central Bank expects euro zone banks with high levels of unpaid loans to submit "ambitious and realistic" plans to bring them down, it said on Monday, as it published guidelines on non-performing loans (NPL).
-
Inflation in the 19 countries sharing the euro accelerated to 2.0 percent year-on-year in February, Eurostat estimated, up from 1.8 percent in January, meeting the European Central Bank's medium-term target of below, but close to 2 percent.
-
IHS Markit's final manufacturing Purchasing Managers' Index for the euro zone rose to 55.4 in February, the highest since April 2011, from January's 55.2. It was revised down slightly from a flash estimate of 55.5 but remained far above the 50 mark denoting growth in activity.
-
The market on Tuesday closed higher. The Nifty ended above 8900 for the first time since September 2016, while the midcap index closed at a record closing high. Markets in US and Europe also closed at record highs, which could see some impact on the Street here.
-
Inflation in the euro zone rose to within a whisker of the ECB's target in January, data showed this week, but the bank is pushing back calls from Germany to begin winding down its policy of aggressive bond-buying and below-zero interest rates.
-
There are risks ahead - some economic, some political - but for now the 19 member states of the euro zone are doing better than many expected.
-
Corporate lending grew by 2.3 percent in December after a revised 2.1 percent increase one month earlier, the data showed.
-
The ECB had said it would extend its generous bond-buying program at its December meeting albeit at a reduced pace of purchases. The central bank explained the new pace of asset purchases would be scaled back from 80 billion euros ($85.3 billion) a month to 60 billion euros from April onward.
