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EUR Forex News
ECB Cuts Interest Rates By 25 Bps Again Despite 'Exceptional Uncertainty'
The European Central Bank slashed its key interest rates by a quarter basis point on Thursday, as expected, as policymakers assessed that disinflation remains on track but acknowledged that the significant uncertainty due to the escalation in the tariff war is going to hurt the Eurozone economic outlook.
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17h 21min ago
Eurozone Inflation Eases As Estimated
Eurozone inflation slowed in March, as initially estimated, as energy prices declined for the first time in four months and services inflation softened for the third straight month. The harmonized index of consumer prices climbed 2.2 percent on a yearly basis in March, slightly slower than the 2.3 percent rise in February, final data from Eurostat showed on Wednesday.
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1 day ago
German Economic Sentiment Plunges On Trade Tariff Concerns
German economic sentiment logged its sharpest fall since Russia invaded Ukraine in early 2022, as the changes in the US trade policy added global uncertainty, a closely watched survey published by think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment declined sharply to -14.0 in April from +51.6 in March. The indicator turned negative for the first time since October 2023 and als
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2 days ago
Eurozone Industrial Production Growth Accelerates
Eurozone industrial output grew at a faster pace in February driven by the rebound in production of capital and non-durable consumer goods, data from Eurostat showed on Tuesday. Industrial output climbed 1.1 percent month-on-month in February, which was faster than the 0.6 percent growth logged in January and also better than economists' forecast of 0.1 percent.
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2 days ago
German Exports Rise Ahead Of Trump's Reciprocal Tariffs; Industrial Output Falls
Germany's exports grew the most in four months in February as U.S. importers frontloaded orders ahead of the imposition of new tariffs by the Trump administration, while industrial production declined more than expected in February indicating more challenges ahead for the economy. Exports grew 1.8 percent month-on-month in February, following stagnation in January, Destatis reported.
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10 days ago
Eurozone Sentix Investor Confidence Weakest Since 2023
Euro area investor confidence deteriorated to the lowest level in one-and-a-half years in April as expectations logged the second sharpest fall on record, results of the monthly survey by the behavioral research institute Sentix showed on Monday. The investor confidence index fell more-than-expected to -19.5 in April from -2.9 in March. The decline was much severe than the expected slump to -8.9.
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10 days ago
Eurozone Retail Sales Rise For First Time In 5 Months
Eurozone retail sales grew for the first time in five months in February but the pace of growth was weaker than expected, official data revealed Monday. Retail trade increased 0.3 percent month-on-month in February, after remaining flat in the previous three months. Although this was the first increase since September, the rate was slower than the forecast of 0.5 percent.
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11 days ago
German Factory Orders Stagnate In February
Germany factory orders stagnated unexpectedly in February even though US importers brought forward imports to beat the impending tariffs. New orders in the manufacturing sector remained unchanged in February, reversing a 5.5 percent drop in January, Destatis reported Friday. Orders were forecast to grow 3.4 percent. Excluding large orders, new orders were 0.2 percent lower than in the previou
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14 days ago
ECB Minutes Show Members Expressed Worries Over Possible Shocks To Growth From Trade Tensions
Minutes of the March policy session of the European Central Bank showed that rate-setters were worried about the impact of the looming trade tariffs and the high uncertainty on the Eurozone economic growth.
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14 days ago
Eurozone Private Sector Growth At 7-Month High
The euro area private sector growth accelerated to a seven-month high in March, adding to hopes of recovery in the currency bloc as the fiscal support planned by Germany is more likely to offset the threats caused by the U.S. tariffs, final results of the monthly purchasing managers' survey by S&P Global showed on Thursday.
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14 days ago
