Euro zone economies’ plucky fourth-quarter belies troubled growth outlook

© Reuters. The spread of the coronavirus disease (COVID-19) in Germany By Paul Carrel and Leigh Thomas BERLIN/PARIS (Reuters) – Growth in Germany and Spain and a smaller-than-expected contraction in France pointed to resilience in the euro zone economy in the final three months of last year, but the bright spot belies a more troubled […]

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Euro zone pledges continued fiscal support against COVID, to work on recovery plans

2/2 © Reuters. European Union flags flutter in front of the European Commission headquarters, in Brussels 2/2 By Jan Strupczewski BRUSSELS (Reuters) – Euro zone finance ministers pledged continued fiscal support for their economies on Monday and discussed the design of post-pandemic recovery plans as the European Commission warned the COVID crisis was making the […]

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Key gauge of euro zone market inflation expectations jumps to highest since Jan 2020

© Reuters. LONDON (Reuters) – A key market gauge of long-term inflation expectations in the euro area rose on Wednesday to its highest level in almost a year, boosted by rising U.S. inflation expectations. The five-year, five-year breakeven forward, rose to just above 1.29%, its highest level since January 2020 — before the spread of […]

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France picks zone off Normandy coast for new 1GW windfarm

© Reuters. FILE PHOTO: French government presents crisis recovery plan for economy PARIS (Reuters) – France has identified a zone off the coast of Normandy for the construction of a 1 Gigawatt (GW) windfarm and launched the tender process for its development, Environment Minister Barbara Pompili said on Saturday. The planned windfarm will be located […]

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JP Morgan expect a ‘bumpy’ Q4 for the euro zone – stay short EUR/USD

I posted earlier on  Goldman Sachs’ EUR wariness: JPM is short EUR/USD in anticipation of a bumpy 4Q for the Euro area analysts looking at positive developments on vaccines and saying these reduce tail risks for 2021 this should prompt flows out of USD, but this is being limited by short USD positioning and UST yield […]

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ECB’s Lane braces for tougher phase for euro zone economy: WSJ

© Reuters. FILE PHOTO: European Central Bank Chief Economist Philip Lane speaks during a Reuters Newsmaker event in New York FRANKFURT (Reuters) – The euro zone zone economy is entering a tougher phase as a surge in coronavirus cases puts a question mark over the recent rebound, the European Central Bank’s chief economist Philip Lane […]

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Euro zone ministers pledge lasting fiscal support for economy

5/5 © Reuters. Informal Meeting of Ministers for Economics and Financial Affairs in Berlin 2/5 BERLIN (Reuters) – Euro zone finance ministers pledged continued fiscal support on Friday to get their economies running again after the COVID-19 crisis, chairman of the Eurogroup Paschal Donohoe said after they met in Berlin. At their first in-person meeting […]

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Saudi energy ministry to assist development of mega economic zone Neom

© Reuters. Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh DUBAI (Reuters) – Saudi Arabia’s energy ministry is to offer assistance so that Neom, a $ 500 billion high-tech […]

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Money managers step warily around euro zone bank ‘value trap’

2/2 © Reuters. Outbreak of the coronavirus disease (COVID-19) near Frankfurt 2/2 By Julien Ponthus LONDON (Reuters) – Euro zone bank stocks may have never been cheaper, but many long-term investors remain deeply wary of a sector labelled the ultimate ‘value trap’ after a decade of scandals and underperformance since the financial crisis. With the […]

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