ETF Reports Eurozone Remains Weak
The Eurozone Retail PMI tracks month-on-month changes in the value of retail sales. For March, the report shows an increase of only 49.2 from February’s 48.5. Anything below 50 indicates contraction,...
View ArticleSEPA Streamlines B2B Payments Process Across Europe
It’s only been about a year since the Single Euro Payments Area compliance deadline has passed, requiring companies in the Eurozone aimed at streamlining cross-border payments. Already, banks and...
View ArticleWhat Europe’s Digital Marketplace Is Missing
European manufacturers are now pushing for a consistent Eurozone-wide internet that can function as both a digital marketplace and a network for manufacturers to interoperate, the Wall Street Journal...
View ArticleHousehold Spending Drives Eurozone Growth
Household spending, paired with a buildup in inventory, was the engine driving economic growth in the Eurozone during the financial quarter that ended in September, offsetting a rise in imports that...
View ArticleWhy EU Bank Shares Slump While Corporate Lending Jumps
The European Central Bank (ECB) released new figures on corporate lending, and the results are promising — though, reports say, they’re positive for borrowers, but not investors. According to the ECB,...
View ArticleEU Works To Quell Chaos Post-Bank Failures
Launched in 2016, the Single Resolution Board (SRB) aims to make sure that the failure of one major bank does not impact the EU’s entire banking system or require a bailout from taxpayers. In an...
View ArticleOECD Sees Continued Decline In Global Economy
The Organization for Economic Cooperation and Development (OECD), a consortium of 34 nations worldwide, has warned that the U.S. and other large economies are poised to experience slowdowns this year....
View ArticleDemand For Eurozone Loans Flat At Start Of 2019
Despite interest rates hovering near record lows, demand for loans by eurozone businesses was flat at the start of the year, increasing the likelihood the European Central Bank will have to make moves...
View ArticleEuropean Central Bank Says EU Banks Shun Cross-Border Activity
Eurozone banks are at risk of fragmentation and are turning away from cross-border activity, Reuters reported. European Central Bank Vice President Luis de Guindos shared his thoughts on the issue on...
View ArticleSpain’s Central Bank Calls For Deposit Insurance Scheme
The Bank of Spain wants eurozone countries to complete their banking alliance by creating a deposit insurance scheme and a stabilization fund. Reuters, citing the Bank of Spain, reported that during a...
View ArticleECB Gives Banks More Time To Cover Unpaid Loans
The European Central Bank (ECB) is granting eurozone financial institutions additional time to cover unpaid loans after being pressured by Brussels, Reuters reported on Thursday (Aug. 22). Banks will...
View ArticleOct. Retail Sales Drop 0.6 Pct. In Euro Zone
With the negative impact from trade, the economy of the eurozone expanded at a modest rate in Q3, as retail sales dropped in October at the sharpest rate of the year. Retail sales in the bloc in...
View ArticleEU Regulator Loosens Requirements For Bank Mergers
Europe’s main banking regulator, an arm of the ECB, is trying to make it easier for the continent’s financial lenders to merge. The logic is that the move will help jump-start a lagging economy. The...
View ArticleConsumer Morale Up In Major European Economies
Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to...
View ArticleJapanese Sales Tax Triggers 6 Pct Economic Contraction
The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The Wall Street Journal (WSJ) reported on Monday (Feb. 17)....
View ArticleEU Ministers To Meet Via Video On Virus’ Financial Hit
Mario Centeno, head of the Eurogroup of eurozone finance ministers, will head up a video conference meeting of European Union officials Monday (March 16) in an attempt to assess how to steer the...
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France Leads Eurozone’s Rising GDP As New Lockdowns Loom
Against a backdrop of surging coronavirus cases, the Eurozone is reporting a rebounding economy, with a 12.7 percent hike in third-quarter gross domestic product (GDP), according to a Friday (Oct. 30)...
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New Pandemic Lockdowns Trigger Economic Slowdown In Eurozone
The eurozone economy is backsliding amid a second lockdown in Europe triggered by a wave of new COVID-19 infections, according to a new analysis by IHS Markit released on Mondsy (Nov. 23). The flash...
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Croatia’s Adopting Euro May Be Silver Lining for Struggling Eurozone Economy
Earlier this week (July 12), the European Union Council officially approved Croatia’s entry into the eurozone, setting the stage for the euro currency to become legal tender in the country on Jan. 1,...
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UK Looks to Hold Onto Global Finance Center Status
The U.K. will amend its banking rules to help London remain a global finance hub. As Reuters reported Tuesday (Nov. 29), London city minister Andrew Griffith says financial services legislation up for...
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