Tag: Eurozone

The U.S. National Highway Traffic Safety Administration said on Monday it is expanding and upgrading a probe into about 295,125 American Honda vehicles over reports of crashes and injuries due to their automatic emergency braking systems.

European wind power stocks fell on Wednesday after U.S. President-elect Donald Trump said he would try to ensure that “no windmills” are built on his watch, criticising the sector less than two weeks before he is due to take office.

The European Union will not tolerate attacks within its borders, France’s Foreign Minister said on Wednesday in the wake of President-elect Donald Trump’s reiterations that bringing Greenland under U.S. control is a “necessity.”

Annual inflation in the euro zone rose for a third straight month to reach 2.4% in December, statistics agency Eurostat said Tuesday.

The readings are a marginal improvement to the initial estimates but overall, it still marks a slight contraction in euro area business activity in December.

Investor morale in the euro zone fell in January to its lowest in more than a year, a survey showed on Monday, with Germany remaining a continued drag on the bloc.

Manufacturers in the euro zone ended last year on a sour note, with factory activity declining at a faster rate, according to a survey which offered scant signals of an imminent recovery

US president-elect Donald Trump has warned the EU that it must commit to buying “large scale” amounts of US oil and gas or face tariffs, in his first trade salvo against Brussels since his election victory.

Inflation across the Eurozone continued to rise in November, but less than expected. Germany, however, was among those countries which bucked the trend.

Eurozone services rebounded in December, lifting overall activity despite a manufacturing slump and job cuts. Germany and France remain in contraction, weighed by political uncertainty. Inflationary pressures persist, keeping the ECB’s interest rate path uncertain.

Manufacturing activity fell sharply across Europe last month and a further decline in demand dashed hopes for an imminent turnaround, whereas in China factories extended their recovery, surveys showed.

Eurozone inflation rose to 2.3 per cent in November, exceeding the European Central Bank’s target for the first time in three months.

Eurozone consumer price inflation is expected to have hit the 2% mark in October, according to new data released on Tuesday, a return to the bloc’s target rate.

The euro dropped to its lowest level in 6-1/2 months against the greenback on Monday as investors worried about possible U.S. tariffs that would hurt the euro area’s economy.

Inflation in the 20-nation euro zone rose to 2% in October, preliminary figures released by statistics agency Eurostat showed Thursday.

The euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union’s statistics agency showed Wednesday.

Bloc ‘stuck in a rut’ as growing services sector cannot offset continued weakness in manufacturing

Investor morale in the euro zone unexpectedly rose in October after three consecutive months of decline, boosted by rising expectations even as dissatisfaction with the current situation hit a new low this year, a survey showed on Monday.

The year-on-year eurozone inflation rate for September was released on Tuesday, coming in at 1.8%, according to Eurostat. This was a step down from August’s 2.2%, while also being lower than analyst expectations of 1.9%. It was also the lowest figure since April 2021, successfully bringing inflation down to below the European Central Bank’s 2% target.

As the Olympic flame was extinguished, so was eurozone optimism. The August uptick in the PMI was met by a sharp decline in September. The PMI now stands at 48.9, which indicates contraction according to the survey. This further fuels growth concerns in the bloc as inflation worries fade