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"EUROZONE" tag
wall-street-marketexpress-in

Fitch cuts US credit rating after debt limit battle

Months after the political tussle between US President Joe Biden and Republicans over raising the debt ceiling, Fitch downgraded the US credit rating from AAA to AA+. The White House strongly disagreed with the move....

japan-marketexpress-in

Japan’ Q1 GDP was Revised Up, While the Eurozone’s was Revised Down

The back-to-back surprise rate hikes by the Australia and Canada spurred speculation that the Fed could hike next week, and this lifted US rates and helped the dollar recover. The odds of a hike increased,...

rba-hike-marketexpress-in

RBA Surprises with a Quarter-Point Hike

A combination of a surprisingly strong prices paid component to the US manufacturing PMI, corporate supply, and US debt woes spurred an almost 15 bp spike in the US 10-year yield and 13 bp jump...

us-interest-rate

Tough Fed Decisions

The market has concluded that the Fed will hike rates today. The US two-year yield has risen from about 3.63% at Monday’s lows almost 4.20% yesterday. It needs to rise to 4.35% to recover half...

eurozone-inflation-recession-marketexpress-in

EU economic forecasts: Inflation past its peak, no recession

The European Commission has revised its economic forecasts upwards slightly, predicting growth of almost 1% in the bloc for 2023. Inflation is expected to slow but remain high, a little more so outside the eurozone....

eu-ecb-european-central-bank-marketexpress-in

Eurozone inflation jumps to record-high 10.7%

Eurozone: The increase outpaced the predictions from economists. The European Central Bank hinted that another interest rate hike was likely on the horizon. Inflation reached 10.7% across the 19 countries that use the euro currency,...

us-interest-rate

Fed Minutes were Not as Dovish as Initially Read

The sell-off in European bonds continues today. The 10-year German Bund yield is around four basis points higher to bring the three-day increase to about 22 bp. The Italian premium over Germany has risen by...

euro-eu-marketexpress-in

Ukraine war: EU lowers its economic growth expectations

Rising energy and commodity prices resulting from Russia’s war in Ukraine are slowing Europe’s economic growth and increasing inflation. The European Commission on Monday lowered the eurozone growth forecast for 2022 down to 2.7% from a...

ecb-eurozone

ECB injects fresh stimulus in bid to inspire sluggish eurozone

Outgoing ECB President Mario Draghi achieved his goal of further cuts to interest rates and the renewal of bond buying for the euro area. But some policymakers are skeptical that the move was necessary. European...

italy-recession-

Italy slides into recession as eurozone struggles

Italy’s economy contracted in the last two quarters of 2018, and the slowdown is expected to continue into 2019. Italy’s problems are having their effects on the rest of the eurozone. Italy’s gross domestic product...

global-growth

2019: The year after peak global growth

Over nearly 10 years, the world economy has been growing by a moderate but steady clip. In 2019 though, risks such as Brexit, trade wars and higher interest rates could spell the end to an...

imf-economic-recovery-marketexpress-in

IMF: ‘Economic recovery on firmer footing’

The International Monetary Fund has said it believes in an even broader economic upswing globally in the years ahead. The lender’s latest revision of its quarterly growth outlook also bodes well for the eurozone. Presenting...