Tag Archives: Euro

Stocks set for longest losing streak since March, euro shines

LONDON: World stocks were set for their longest losing streak in more than six months on Wednesday as weaker commodities weighed, while the euro hit its highest levels in three weeks. The MSCI world equity index, which tracks shares in 47 countries, fell almost 0.2 per cent and was set for its fifth straight day of declines — its longest run in the red since March. ... Read More »

Euro, European bonds unnerved by French politics

The increasingly unpredictable French presidential election race unnerved European financial markets on Tuesday, tipping the euro towards its biggest fall this year and driving investors away from French government bonds. The premium investors demand for buying French 10-year government bonds FR10YT=TWEB over German 10-year bonds DE10YT=TWEB rose to 78 basis points, the highest level since November 2012 before easing back ... Read More »

Euro skids, shares hit after Italy votes ‘no’ on reform

The euro fell to a 20-month low on Monday and investors fled riskier assets after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilize the country’s shaky banking system. Renzi’s defeat deals a body blow to a European Union already reeling under anti-establishment anger that led to the shock exit ... Read More »

Bond yields slip on U.S. jobs data, euro steady before Italy vote

Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a rise sparked by a cut in oil output agreed this week by the ... Read More »

EU hits Apple with 13 billion euro Irish tax demand

The European Commission ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros (11 billion pounds) on Tuesday as it ruled the firm had received illegal state aid. Apple and Dublin said the U.S. company’s tax treatment was in line with Irish and European Union law and they would appeal the ruling, which is part of ... Read More »

Euro zone economic growth slows in second quarter as estimated

Economic growth in the euro zone slowed in the second quarter, after a strong reading in the first three months of the year, estimates released by the European Union’s statistics agency showed on Friday. Eurostat said gross domestic product (GDP) in the 19-country currency bloc in the second quarter increased 0.3 percent on the quarter and 1.6 percent year-on-year, confirming ... Read More »

Euro zone bank sector better equipped to handle stress: ECB

The euro zone’s biggest banks would fare better in case of stress than two years ago as they have amassed capital and made headway in fixing their balance sheets, the European Central Bank said on Friday after a stress test of the bloc’s 37 biggest banks. The banks entered the test with an average Common Equity Tier 1 capital ratio ... Read More »