News 

Eurozone manufacturing PMI falls in June

“Its Purchasing Managers Index for the eurozone manufacturing sector declined to a one-and-a-half-year low of 54.9 in June from 55.5 in May” writes Nina Adam for marketwatch.com. The outcome marks a slight revision from a preliminary estimate of 55.0.FRANKFURT–Manufacturing activity in the eurozone slowed in June, and by slightly more than previously reported, data firm IHS Markit said Monday, warning that there could be further production curbs ahead. Source: marketwatch.com Share This:

Read More
News Regulators 

Eurozone inflation tops ECB target

“Prices for services are typically more reflective of the balance between domestic demand and supply than energy prices, which respond more to global factors” writes Paul Hannon for marketwatch.com. The eurozone’s annual rate of inflation rose above the European Central Bank’s target for the first time since early 2017 during June, but that was largely due to higher energy costs, while underlying price pressures remained muted.That drop reflected an easing in the pace of price rises for services, to 1.3% over the year from 1.6% in May.Indeed, the core rate…

Read More
News 

Eurozone agrees plan to end Greece’s bailout

“The IMF welcomed the debt agreement, saying it makes Greece’s debt sustainable in the medium term and facilitates Greece’s access to the markets” writes Nektaria Stamouli for marketwatch.com. The Washington-based fund pushed for much longer repayment delays to all of Europe’s bailout loans, but had to bow to European resistance.LUXEMBOURG–The eurozone agreed to lighten Greece’s debt burden when the country’s bailout ends this summer, but the measures fall short of what the International Monetary Fund and most economists say would be needed to end doubts about Greece’s long-term solvency.In the…

Read More
News 

Eurozone industrial production resumes its slide

“A drop in industrial output — which accounts for a quarter of the eurozone economy — was one of the factors behind that slowdown” writes Paul Hannon for marketwatch.com. While the eurozone economy grew at an annualized rate of 2.8% in the final three months of last year, it managed an expansion of just 1.5% in the first three months of this.If sustained, weakening output would make it difficult for the economy to expand at a similar rate this year.Rapidly rising factory output was one of the main drivers of…

Read More
Crypto Markets News 

Eurozone Turmoil may Boost Bitcoin Price, Experts…

“It is evident Bitcoin can thrive when financial turmoil becomes more apparent” writes Jp Buntinx for livebitcoinnews.com. Whether or not this influences the cryptocurrency markets, is a mystery.It seems the cryptocurrency markets will see some big changes.Some speculators point at Italy’s political uncertainty making cryptocurrency look far more appealing. Source: livebitcoinnews.com Share This:

Read More
Markets News Stocks 

Dow sinks 504 points — then rallies — as Italy’s political crisis triggers global sell-off

“The Italian and Spanish stock markets suffered the worst, with stock market drops in the 2.5 percent range” writes Thomas Heath Is for washingtonpost.com. Some caution is warranted.” How Elon Musk become an inequality machine Panicking about the stock market?. How to lose a lot of money in the stock market. Ten of 11 stock market sectors were in negative territory at 3 p.m.Investors sold out of bonds in the southern European countries and the Italian banks and stock markets were hit on worries that Italians might eventually ditch the…

Read More
GBP News 

‘Drastic’ action needed for eurozone to survive

“The eurozone risks lurching towards another major financial crisis triggered by austerity and populist political parties intent on blowing apart the EU, the billionaire investor George Soros has warned” writes Richard Partington for theguardian.com. Investors fear the turmoil could ultimately lead to the demise of the euro, plunging the region into chaos. Source: theguardian.com Share This:

Read More
News 

Eurozone slowdown raises fears there will be no economic rebound 

“Economic growth slowed to an 18-month low in the eurozone in May raising fears there will be no rebound from the weak first quarter” writes Tim Wallace for telegraph.co.uk. Surging business activity last year has given way to more modest rates of growth in 2018, though the expansion is seen as steady rather than weak. Source: telegraph.co.uk Share This:

Read More
News 

The strengthening US dollar isn’t going to last, says portfolio manager

“The U.S. dollar has gained strength in recent weeks, but that may change in the second half of the year, according to a portfolio manager from Conning Asia Pacific” writes Yen Nee Lee for cnbc.com. The dollar index, which measures the greenback against six major currencies, climbed 3.43 percent in the last two weeks as U.S. economic data has been better than those out of the eurozone and Japan. But dollar strength is likely to last only “a fairly finite period of time” as the eurozone and Japan catch up…

Read More