europeaneconomy
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Euronews (English)
European stock markets are poised for a positive weekly close with the FTSE 100 repeatedly refreshing new highs, amid growing bets for central banks to cut interest rates this year. Globally, Wall Street is on track for a three-week winning streak due to a setback in the US government bond yields. Asian stocks are mostly higher, supported by China's encouraging economic performance. EuropeOn a weekly performance, the FTSE 100 rose by 2.56%, the Euro Stoxx 600 climbed 2.47%, the DAX advanced by 4.38%, and the CAC 40 added 3.45%. The European stock market rally is broad-based, with all the secto...
Euronews (English)
Unemployment across Europe showed little change in March, compared to February, according to Eurostat. The rate in the Eurozone remained at 6.5%, the same as in the first two months of the year and down from 6.6% in March 2023. Across the 27 countries in the EU, the rate slightly decreased to 6% from 6.1% in February. Compared to March last year, it remained unchanged. There was an estimated 13.258 million people without jobs in the EU, of whom 11.087 million in the euro area, were unemployed in March 2024. France works to find further ways to scale back on unemployment benefits UK unemploymen...
Euronews (English)
Improving competitiveness (better conditions for businesses), cutting bureaucracy, protecting jobs and supporting the green transition are just a few of the key pledges from the party groups ahead of the European Parliament elections taking place 6-9 June. Turning on the economic growth engine in the continent for the next five years appears to be a complicated task. The current output is little more than zero and the outlook for the next years appears to be stark, according to the IMF which states: "Europe's medium-term growth prospects have been declining for some time." The last five years ...
Euronews (English)
European private sector economic activity showed a strong rebound in April driven by strong demand in services. However, some inflationary pressures do not appear entirely vanquished, leaving uncertainty regarding the speed of returning to European Central Bank (ECB)'s 2% target. The flash Purchasing Managers' Index (PMI) surveys released by S&P Global on Tuesday continued to indicate robust growth in the services sector across major European economies, alongside persistent challenges in manufacturing activity. Featured below is a visual depiction of the latest trends in private sector activit...
Euronews (English)
Discussing the state of the European economy and geopolitical challenges, she emphasised the need for about €600 billion annually to support climate change mitigation efforts, underlining the critical role of private financial support for these initiatives. Lagarde also provided insight into the current state of the European economy, the ongoing efforts in US-EU economic cooperation, and the broader implications of geopolitical challenges. IMF sees eurozone growth rebounding and ECB cutting rates by the fourth quarterEurozone inflation eases: Trends across the continent and ECB rate expectatio...
Euronews (English)
Investor sentiment about Europe's economic prospects has substantially improved, according to the latest Bank of America European Fund Manager Survey. The survey, which polled 260 managers with assets under management totalling $719 billion (€578 billion) between 5 April and 11 April, shows that half of respondents now anticipate a stronger European economy over the next year - a steep rise from 21% last month, marking the highest level of optimism since July 2021. However, 36% of the panel still foresee a slowdown, attributing it to the lingering effects of monetary tightening, though this fi...
Euronews (English)
But the agenda is set to be overshadowed by the ongoing crisis in the Middle East, which the West fears could soon spiral out of control and turn into a wider regional conflict. The concerns have been simmering since the start of the Israel-Hamas war and escalated dramatically after an Israeli airstrike hit the Iranian consulate in Damascus, killing seven members of the Islamic Revolutionary Guards. In retaliation, Teheran launched its first-ever attack on Israeli soil with 300 drones, ballistic and cruise missiles, the vast majority of which were intercepted by Israel. The barrage opened a ne...
Euronews (English)
Russia's invasion of Ukraine in 2022 sent shockwaves across Europe, prompting a reassessment of security priorities and defence strategies across the board. In response to the escalating tensions and evolving geopolitical landscape, most European nations have embarked on a path of increased defence spending and the EU is attempting to mount and facilitate a joint endeavour in order to solve the continental security dilemma. European countries cut spending as the threat of war recededSince the end of the Cold War, European countries have mostly cut defence spending in favour of social, infrastr...
Euronews (English)
The euro's path to parity now hinges on European Central Bank (ECB) actions and US Federal Reserve signals, promising a volatile summer. Lagarde sets the stage for a June rate cut: What hurdles remain for the ECB?As the European Central Bank (ECB) signals potential interest rate cuts starting as early as June, contrasting with the expected delay in monetary easing by the US Federal Reserve due to persistent high inflation, significant questions arise regarding the euro's trajectory against the dollar. The euro has faced significant downward pressure this week, falling below 1.07 against the do...
Euronews (English)
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