GBP News 

Emmanuel Macron and Angela Merkel meet to come up with eurozone reform

“The French president has also previously proposed the eurozone having its own finance minister and a separate budget for the shared currency area” writes Jon Stone for independent.co.uk. Angela Merkel and Emmanuel Macron have met for talks about the future of the eurozone as the leaders of the bloc’s two biggest economies try to hash out a common position on reform.They are hoping to form a united front by June, when a summit of eurozone countries will be held alongside the European Council summit.Ms Merkel is understood to be more…

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Markets News Regulators 

This important shift in U.S. bond market ownership ‘may surprise many people,’ says Jefferies

“An important change in the underlying ownership of the U.S. bond market has so far gotten short shrift” writes Sunny Oh for marketwatch.com. Europe isn’t the only one imperiled by the buildup of U.S. debt among European investors.In other words, Europeans bought more U.S. debt when yields on the benchmark 10-year Treasury were falling.Consequently, the current outsize ownership of U.S. debt could make the European financial sector more vulnerable to a selloff in Treasurys and U.S. corporate bonds. Source: marketwatch.com Share This:

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‘Long and fraught’ Italian coalition talks may heighten eurozone tension

“Prior to the election, his party, Forza Italia, led the League in the polls” writes Matthew Lynn for telegraph.co.uk. Italy will either have a broad-based grand coalition, with disparate views having to come together in order to have sufficient numbers, or faces another election.Eurozone tensions could be ramped up after early indications of a hung result in the Italian general election have prompted speculation about the make up of a likely coalition government. Source: telegraph.co.uk Share This:

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Markets News 

Italy now poses an ‘existential threat to the eurozone’ — analysts react to election

“Though M5S officials have toned down anti-euro rhetoric in recent months, the euroscepticism within the bloc could ultimately re-introduce the existential threat to eurozone stability long thought diminished” writes Markets Reporter for marketwatch.com. Analysts braced for tough negotiations ahead and warned the messy result could soon lead to new elections. Source: marketwatch.com Share This:

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Eurozone retail sales fall for 2nd month in a row

“The volume of retail sales fell in the eurozone for the second straight month during January, another sign that economic growth may be peaking” writes Paul Hannon for marketwatch.com. The European Union’s statistics agency on Monday said retail sales were 0.1% lower in January than in December, following a 1% drop in the earlier month.The eurozone economy recorded its strongest expansion in a decade during 2017, prompting the European Central Bank to cut back on one of its stimulus programs. Source: marketwatch.com Share This:

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News Regulators 

Inflation ‘subdued’, ECB chief says, suggesting bond buying could be extended

“Eurozone inflation is still dependent on quantitative easing, the president of the European Central Bank, Mario Draghi, told the EU parliament on Monday” writes Anna Isaac for telegraph.co.uk. The central banker’s comments follow remarks made earlier this month by the ECB’s chief economist, Peter Praet, that “less supportive monetary policy conditions could imperil the inflation trajectory”. This growth was also driven by domestic demand and therefore more “resistant to a potential slowdown in global demand”. Source: telegraph.co.uk Share This:

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Markets News Stocks 

EUR/USD Forecast Feb. 12-16 2018 – On shaky ground

“After stock markets calm, the common currency has plenty of reasons to rise, but winter is not over yet” writes Yohay’s Google Profile for forexcrunch.com. EUR/USD was under pressure as stock markets tanked and Draghi did not provide a helping hand.The risk-off sentiment is likely to continue, with further volatility and drops in stock markets. Source: forexcrunch.com Share This:

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Euro-zone Q4 GDP rises 0.6% as expected – EUR/USD looks strong

“The euro-zone was expected to report a growth rate of 0.6% q/q in the last quarter of 2018” writes Yohay’s Google Profile for forexcrunch.com. Robust growth continues in Europe: 0.6% q/q as expected.Year over year, the 19-country currency bloc saw a growth rate of 2.7%.Spain saw economic growth of 0.7% q/q and France had 0.6%. Source: forexcrunch.com Share This:

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