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European Economic News


IMF Chief Says Economic "Free Fall" Could Be Abating
European Economy |  Written by CEP News |  Apr 16 09 19:58 GMT | 
(CEP News) - International Monetary Fund chief Dominique Strauss-Kahn told the National Press Club in Washington, D.C. on Thursday that the "free fall" in the global economy may be starting to abate, and that a coherent and co-ordinated response is needed to address it.
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European Bonds Lower After ECB Speakers and Upcoming BOE Member
European Economy |  Written by CEP News |  Apr 16 09 11:21 GMT | 
(CEP News) - European bonds are lower on Thursday after comments from European Central bankers and some upbeat commentary from a soon-to-be-appointed Bank of England Monetary Policy Committee member.
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Sterling Slides On Quiet Day of News and Data
European Economy |  Written by CEP News |  Apr 16 09 11:18 GMT | 
(CEP News) - In the absence of any major economic news for the region, the pound sterling is weaker on Thursday.
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Further Moderate Cuts Can't Be Ruled Out, Says ECB's González-Páramo
European Economy |  Written by CEP News |  Apr 16 09 10:38 GMT | 
(CEP News) Frankfurt - (CEP News) Frankfurt - European Central Bank member José Manuel González-Páramo says that monetary policy is still having an impact on the economy and that further easing cannot be ruled out
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Further Moderate Cuts Can't Be Ruled Out, Says ECB's González-Páramo
European Economy |  Written by CEP News |  Apr 16 09 10:38 GMT | 
(CEP News) Frankfurt - (CEP News) Frankfurt - European Central Bank member José Manuel González-Páramo says that monetary policy is still having an impact on the economy and that further easing cannot be ruled out
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Euro Zone Industrial Production Falls at Record Pace in February
European Economy |  Written by CEP News |  Apr 16 09 10:07 GMT | 
(CEP News) Frankfurt - The euro zone industrial sector cut its output at a record rate, according to Eurostat.
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Euro Zone Inflation Confirmed to Have Fallen to Record Lows in March
European Economy |  Written by CEP News |  Apr 16 09 09:39 GMT | 
(CEP News) Frankfurt - Falling energy prices have pushed the euro zone inflation rate to its lowest level on record, Eurostat reported on Thursday.
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Italian Consumer Prices Growth Slows to Record Low in March
European Economy |  Written by CEP News |  Apr 16 09 08:25 GMT | 
(CEP News) Frankfurt - The Rome-based National Institute for Statistics (ISTAT) has confirmed that Italian inflation slowed to its lowest level in March after accelerating unexpectedly in the previous month.
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Economic Recovery to be "Subdued", Says ECB's Liikanen
European Economy |  Written by CEP News |  Apr 16 09 07:02 GMT | 
(CEP News) Frankfurt - European Central Bank Governing Council member Erkki Liikanen said that economic indicators point to some stabilization in the global economy, albeit at a low level, and that the economic recovery in 2010 "will be slightly subdued".
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Economic Recovery to be "Subdued," Says ECB's Liikanen
European Economy |  Written by CEP News |  Apr 16 09 07:02 GMT | 
(CEP News) Frankfurt - European Central Bank (ECB) Governing Council member Erkki Liikanen said that economic indicators point to some stabilization in the global economy, albeit at a low level. He also said that the economic recovery in 2010 "will be slightly subdued."
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UK BRC Retail Sales Continue to be Weak in March
European Economy |  Written by CEP News |  Apr 15 09 23:12 GMT | 
Like-for-like retail sales in the United Kingdom declined by 1.2% in March, according to the British Retail Consortium (BRC)'s retail sales monitor.
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The Day Ahead Europe: Final Print of European CPI
European Economy |  Written by CEP News |  Apr 15 09 21:35 GMT | 
(CEP News) - The economic data picks up Thursday in what has been a relatively quiet week for the euro zone.
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Sterling Mixed After Downbeat Housing Reports
European Economy |  Written by CEP News |  Apr 15 09 10:19 GMT | 
(CEP News) - The pound sterling is mixed on Tuesday following two housing report in the region suggesting ongoing price declines.
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ECB's Weber "Critical" of View of Cutting Rates Below 1.00% Mark
European Economy |  Written by CEP News |  Apr 15 09 09:24 GMT | 
(CEP News) - Although the European Central Bank (ECB) should use the leeway to reduce rates further than the current 1.25% level, Bundesbank President Axel Weber said he was "critical" of the argument of lowering rates below 1.00%.
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Greek Economy Could Shrink This Year, Says Central Bank
European Economy |  Written by CEP News |  Apr 15 09 09:11 GMT | 
(CEP News) - The Greek economy will face some difficulties over the coming years with possible negative growth rates and inflation potentially coming down sharply, according to a report from the Bank of Greece published on Wednesday.
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European Market Recap: European Bonds Rise, Equities
European Economy |  Written by CEP News |  Apr 15 09 08:44 GMT | 
- Eurostoxx down -0.07% - FTSE 100 up 0.21% - Euro down 0.17 cents to 1.3243 USD - Pound Sterling up 0.23 cents to 1.4917 USD - Yields on German Ten Year Bunds down 3.6 bps to 3.16% - Yields on UK Ten Year Gilts down 3.0 bps to 3.18%
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UK House Prices Continue to Slide in February, According to DCLG
European Economy |  Written by CEP News |  Apr 15 09 08:40 GMT | 
(CEP News) - The decline in UK house prices failed to abate in February, according to a report from the Department for Communities and Local Government (DCLG) on Wednesday.
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German Wholesale Prices Fall at Fastest Pace In 22 Years
European Economy |  Written by CEP News |  Apr 15 09 06:19 GMT | 
(CEP News) - German wholesale prices continued to plunge in March, this time at the fastest pace in over 22 years, according to local statistics authorities on Wednesday.
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UK House Prices Still Falling but Pace Slows, Says RICS
European Economy |  Written by CEP News |  Apr 14 09 23:20 GMT | 
(CEP News) - House prices in the United Kingdom continue to plunge but the pace is slowing, according to the UK's Royal Institute of Chartered Surveyors house price survey.
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The Day Ahead Europe: UK BRC Retail Sales Monitor, German Wholesale Price Index
European Economy |  Written by CEP News |  Apr 14 09 22:03 GMT | 
(CEP News) - Wednesday will be another relatively light day for European economic data.
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