-
Euro Strengthens After ECB Leaves Key Rate Unchanged
Thursday, December 5, 2013 - 1:58pm | 461Read More...The euro strengthened against the U.S. Dollar to its highest levels in over a month after Thursday's European Central Bank press conference. At the conference in Frankfurt, ECB President Mario Draghi said the central bank lowered inflation expectations, forecasting inflation at 1.1 percent in...
-
Eurozone Trade Data Pleasantly Surprises
Tuesday, November 19, 2013 - 8:06am | 286Read More...The euro climbed above $1.35 following data that showed the region's trade surplus was higher than expected. The common currency traded at $1.3513 at 7:15 GMT on Tuesday morning. Eurostat, the European Union's statistics reporting office, reported that exports from the 17 nation bloc rose in...
-
Trade Data Shows Southern Europe Getting More Competitive
Thursday, October 17, 2013 - 7:28am | 280Read More...The euro remained steadily above $1.35 against the dollar on Thursday morning after news broke that US congress had passed a bill to end the budget impasse. The bill will reopen the government until January 15 and extend the nation's borrowing authority until February 7. The idea is to give law...
-
Eurozone Housing Market Turning A Corner
Friday, October 11, 2013 - 7:16am | 292Read More...The euro traded steadily above $1.35 on Friday morning as investors kept a close eye on Washington for any movement on a debt deal. On Thursday, President Barack Obama and Republican lawmakers met at the White House to discuss the matter in person for the first time since the shutdown began....
-
Euro Strong On Positive Data
Thursday, September 5, 2013 - 7:23am | 354Read More...The euro strengthened against the dollar on Thursday morning after stronger than expected economic data confirmed that the region's recovery was growing. The common currency traded at $1.32 following the release of better than expected GDP data which indicated that the 17 nation bloc's recovery...
-
Greek Unemployment Rate Hits Record Joblessness In May 2013
Thursday, August 8, 2013 - 3:17pm | 200Read More...Newly released figures from the statistics service ELSTAT this Thursday showed that Greek unemployment has reached a record high of 27.6 percent in May, as reported by Reuters. The Greek unemployment rate is now more than double the average in the eurozone, which was 12.1 percent as of June....
-
Eurozone Industrial Production Picks Up In April Unexpectedly
Wednesday, June 12, 2013 - 9:57am | 531Read More...Industrial production in the eurozone unexpectedly picked up in April following strong gains in March. Also, Eurostat reported that the year-over-year decline in production was much smaller than expected in April, adding further signs to the thesis that maybe the eurozone's economy as a whole is...
-
Euro Area Enters Second Recession in Four Years
Thursday, November 15, 2012 - 11:29am | 752Read More...In the seemingly never-ending negative news cycle emanating from Europe, data released by Eurostat overnight revealed that the Euro Area has slipped back into recession for the first time in four years, officially marking the much feared and publicized double-dip recession. Relative strength in...
-
Euro Zone Jobless and Inflation Rates Climb Higher
Thursday, March 1, 2012 - 9:18am | 918Read More...There was more bad news out of Europe on Thursday when the European Union's statistics agency Eurostat announced that unemployment in the euro zone had climbed to a euro era record high and inflation was on the rise too. Eurostat said that unemployment across the euro zone had reached 10.7 percent...
-
Euro Zone Economic Growth Sputters, GDP Misses Forecasts
Tuesday, August 16, 2011 - 6:16am | 191Read More...Second quarter economic output in the 17-member European Union fell short of economist expectations, according to new data released by The Eurostat agency. The agency estimates that the GDP for the euro zone increased 0.2% in the three months ending in June from the previous quarter, which falls...
-
Euro Shakes Off Strauss-Kahn Scandal To Gain Against U.S. Dollar (ULE, URR)
Monday, May 16, 2011 - 9:06am | 249Read More...Recent economic data from the Eurozone helped its currency overcome insecurities following the legal problems of the IMF's head, Dominique Strauss-Kahn. Mr. Strauss-Kahn's arrest made some investors agitated because of the strong role he played in bailouts of a number of debt-ridden European...
-
Eurozone Consumer Spending Falls 1%: How to Trade (EWP, EWG, EPV)
Wednesday, May 4, 2011 - 7:29am | 398Read More...Overall retail sales in the Eurozone dropped an unexpectedly high 1% in March from the previous month and were down 1.7% from March of last year, according to the European Union's statistics office Eurostat. The drop in retail sales is widely believed to be caused by rising oil prices, along with...
-
Goldman Sachs (GS) Swaps Concealed Greek Deficits
Monday, February 15, 2010 - 10:26pm | 239Read More...Anger is growing as news breaks that Greece may have been using Goldman Sachs Group Inc. (NYSE: GS) derivatives to conceal its budget deficits as early as 2002. Christoforos Sardelis, the former head of Greece’s Public Debt Management Agency, said in an interview that Greece turned to the Goldman...
