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European Economic News


UK Shadow MPC Concerned About Long Term Health of UK Economy
European Economy |  Written by CEP News |  Apr 06 09 12:54 GMT | 
(CEP News) - The Bank of England has brought interest rates to as low as they should go and will continue its quantitative easing strategy, but concerns remain about the long-term health of the UK, the Institute of Economic Affairs' Shadow Monetary Policy Committee said on Sunday.
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Renault Stock Rises Almost 10% on Upgrades
European Economy |  Written by CEP News |  Apr 06 09 10:16 GMT | 
(CEP News) Frankfurt - Stock in Renault SA received a 9.7% boost following upgrades in its shares by both Sanford C. Bernstein & Co and Morgan Stanley.
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Euro Zone Producer Prices Fall at Speeds Unseen Since 1999
European Economy |  Written by CEP News |  Apr 06 09 09:54 GMT | 
(CEP News) Frankfurt - Euro zone producer prices surprised to the downside in February, adding to mounting evidence that inflationary pressures are easing in the monetary union.
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Euro Zone Producer Prices Fall at Fastest Pace Since 1999
European Economy |  Written by CEP News |  Apr 06 09 09:54 GMT | 
(CEP News) Frankfurt - Euro zone producer prices surprised to the downside in February, adding to mounting evidence that inflationary pressures are easing in the monetary union.
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Euro Zone Retail Sales Fall at Record Speed in February
European Economy |  Written by CEP News |  Apr 06 09 09:47 GMT | 
(CEP News) Frankfurt - Euro zone retail sales fell at a record speed in February even as inflation reached record low, Eurostat said.
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ECB's Bini Smaghi Says FX Intervention, In Theory, Can be Warranted at Times
European Economy |  Written by CEP News |  Apr 06 09 09:38 GMT | 
(CEP News) Frankfurt - European Central Bank Executive Board member Lorenzo Bini Smaghi said that, in theory, intervention in FX markets is warranted and called on Europe to move towards a common economic policy.
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ECB's Bini Smaghi Says FX Intervention Can be Warranted at Times
European Economy |  Written by CEP News |  Apr 06 09 09:38 GMT | 
(CEP News) Frankfurt - European Central Bank Executive Board member Lorenzo Bini Smaghi said intervention in FX markets can be warranted and called on Europe to move towards a common economic policy.
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Euro Zone Investor Morale Recovers in April After Hitting Record Low, Sentix Says
European Economy |  Written by CEP News |  Apr 06 09 08:39 GMT | 
(CEP News) Frankfurt - Euro zone investor morale improved much more than expected in April as market participants grew more optimistic towards the economic outlook, Sentix reported on Monday.
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Euro Zone Investor Confidence Recovers in April After Hitting Record Low
European Economy |  Written by CEP News |  Apr 06 09 08:39 GMT | 
(CEP News) Frankfurt - Euro zone investor confidence improved much more than expected in April as market participants grew more optimistic towards the economic outlook, Sentix reported on Monday.
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France's Sarkozy Opposed to Full EU Membership for Turkey, Milliyet Says
European Economy |  Written by CEP News |  Apr 06 09 07:39 GMT | 
(CEP News) Frankfurt - French President Nicolas Sarkozy is opposed to the idea of full Turkish membership in the European Union, according to Turkish newspaper Milliyet.
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France's Sarkozy Reportedly Opposed to Full EU Membership for Turkey
European Economy |  Written by CEP News |  Apr 06 09 07:39 GMT | 
(CEP News) Frankfurt - French President Nicolas Sarkozy is opposed to the idea of full Turkish membership in the European Union, according to Turkish newspaper Milliyet.
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ECB Officials Says Central Bank Considering "All Options"
European Economy |  Written by CEP News |  Apr 06 09 06:34 GMT | 
(CEP News) Frankfurt - The European Central Bank still has room to lower its main refinancing rate further and is considering other measures to help support economic growth, senior officials said.
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ECB Officials Say Central Bank Considering "All Options"
European Economy |  Written by CEP News |  Apr 06 09 06:34 GMT | 
(CEP News) Frankfurt - The European Central Bank still has room to lower its main refinancing rate further and is considering other measures to help support economic growth, senior officials said.
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The Week Ahead Europe: BOE Interest Rate Decision
European Economy |  Written by CEP News |  Apr 03 09 21:53 GMT | 
(CEP News) - The Bank of England will announce its interest rate decision next week when market participants will learn if the bank will implement additional quantitative easing measures.
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France's Sarkozy Says G20 Surpasses French-German Objective
European Economy |  Written by CEP News |  Apr 03 09 12:53 GMT | 
(CEP News) Frankfurt - French President Nicolas Sarkozy said the financial regulation reforms agreed to during the G20 summit in London on Thursday "turned the page" on Anglo-Saxon-dominated capitalism.
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Italian Services PMI Improves, but Remains Deep in Contraction
European Economy |  Written by CEP News |  Apr 03 09 12:20 GMT | 
(CEP News) Frankfurt - Activity in the Italian services sector remains in contraction, but improved more-than-expected in March, Markit Economics reported on Friday.
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French Services PMI Rises More than Expected
European Economy |  Written by CEP News |  Apr 03 09 11:59 GMT | 
(CEP News) Frankfurt - The French services sector improved more than expected in March, though still remains in contraction, Markit Economics said.
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German Services PMI Recovers in March
European Economy |  Written by CEP News |  Apr 03 09 11:29 GMT | 
(CEP News) Frankfurt - The German services purchasing managers index edged up in March after falling to a record low in February. However, with the PMI still only marginally higher than February's level, activity in the services sector continued to fall at sharp rate in the month, according to Markit Economics.
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ECB's Trichet Reiterates that Rates Could Fall Further
European Economy |  Written by CEP News |  Apr 03 09 11:09 GMT | 
(CEP News) Frankfurt - The European Central Bank may once again lower its main refinancing rate and announce additional non-standard measures to spur lending and support economic growth, ECB President Jean-Claude Trichet said, echoing comments made at his press conference on Thursday.
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Euro Zone Services PMI Improves in March After Hitting Record Low
European Economy |  Written by CEP News |  Apr 03 09 10:30 GMT | 
(CEP News) Frankfurt - The euro zone services sector contracted at a slower pace in March after falling at breakneck speeds in the previous month, Markit Economics said.
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