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CNBC Franchise Archive Europe: Economy

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  • Analysts are already talking about when and how the European Central Bank might extend its 1.1 trillion-euro stimulus program that has been running for the past six months in an attempt to boost the modest recovery in the 19 countries that use the euro. They say ECB President Mario Draghi will likely use his news conference Thursday to underline the bank's...

  • *Sees risk of a bigger fallout from China on Europe. TOKYO, Sept 1- Japanese Finance Minister Taro Aso said on Tuesday it would be beneficial for this week's meeting of the Group of 20 major economies to discuss what is going on in China's economy. China is Japan's biggest trading partner.

  • *Gold eyes strongest monthly gain since January. NEW YORK/ LONDON, Aug 31- Gold steadied on Monday, bouncing up from session lows as oil prices rallied and the U.S. dollar fell, after bullion felt earlier pressure on indications the Federal Reserve may still raise interest rates this year, despite recent market turmoil. "It was oil that sparked the short-covering,"...

  • WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Labor Department releases second-quarter productivity data, 8:30 a.m.; Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Labor Department releases second-quarter productivity data, 8:30 a.m.; Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • Fears about a slowdown in China's economy and concerns about when the Federal Reserve will raise interest rates pushed stocks sharply lower this month. The move, an effort to boost China's economy, seemed to have the opposite effect. Global investors interpreted the decision as a sign that China's economy, the second-largest in the world, was growing more...

  • ATHENS, Aug 31- The appointment of Greek bailout negotiator George Chouliarakis to be finance minister in a caretaker government may help assuage some fears that Greece's bailout programme could go off track while it prepares for elections. Greece is due to hold elections on Sept.20 after former prime minister Alexis Tsipras resigned in a bid to win popular...

  • *Price inflation stays steady but low at 0.2 percent. BRUSSELS/ FRANKFURT, Aug 31- With low price inflation serving as a reminder of the euro zone's delicate health, the European Central Bank is having to reassure market investors that it can do yet more to help the economy. Policy-setters in Frankfurt, who warn that falling oil has skewed this result, point to a...

  • LISBON, Portugal— Economic news is continuing to give heart to Portugal's center-right government as it aims for re-election in October. The government is telling voters the country is back on track after a 78 billion euro bailout in 2011 brought three years of recession amid deep spending cuts. The National Statistics Institute reported Monday that the...

  • "Stable euro zone consumer price inflation in August eases pressure on the European Central Bank to consider increasing its stimulative efforts at its September policy meeting on Thursday, such as by front-loading more its QE programme," IHS Global Insight economist Howard Archer said. He expected no action from the ECB despite fears about China's economy...

  • *Gold eyes monthly gain, rebounding from 5-1/ 2- year low. LONDON, Aug 31- Gold steadied on Monday after last week's slide as a retreat in the dollar lent support, but indications that the Federal Reserve may still raise interest rates this year despite recent market turmoil weighed on the metal. Spot gold was flat at $1,132.98 an ounce at 0934 GMT, while U.S. gold...

  • Pain in store for Wall Street as China stocks sink Monday, 31 Aug 2015 | 4:10 AM ET
    Traders work on the floor of the New York Stock Exchange.

    The Shenzhen Composite closed down by over 3 percent on Monday, while Dow futures tanked more than 200 points.

  • Eurozone inflation stable at low rate of 0.2 percent Monday, 31 Aug 2015 | 3:21 AM ET

    BRUSSELS— Inflation in the 19- nation eurozone was stable in August at an annual rate of 0.2 percent, an official report shows— another weak figure that may help push the European Central Bank toward doing more economic stimulus. The European Union's statistics agency, Eurostat, said Monday that a large drop in energy prices made up for increases in the costs of...

  • German retail sales rebound in July Monday, 31 Aug 2015 | 2:01 AM ET

    BERLIN, Aug 31- German retail sales rose month-on-month at their strongest pace in nine months in July, reinforcing expectations that private consumption will support growth in Europe's largest economy this year. The 1.4 percent increase, measured in real terms, was above a Reuters consensus forecast for a rise of 1.0 percent and the biggest monthly increase...

  • NYMEX-Oil prices fall on U.S. interest rate comments Sunday, 30 Aug 2015 | 9:04 PM ET

    *Some 31 U.S. senators have pledged to support the nuclear deal with Iran ahead of a Congressional vote by Sept. 17, moving President Barack Obama a step closer to having sufficient backing to ensure the deal stands. *Libya's National Oil Company and Central Bank chairmen met 26 oil majors including BP and ExxonMobil at meetings in London last week in a renewed...

  • For decades, Chinese economic policymakers have drawn praise for keeping their economy growing strongly through turbulence, such as the Asian financial crisis of 1997-1998 and the worldwide financial tumult of 2008. But investors have begun to lose faith in Beijing's economic management. The intervention undermined Beijing's pledge to give market...

  • The Dow Jones industrial average has lost nearly 1,000 points since China's surprise move to devalue its currency Aug. 11. For all its woes, China still outruns every other major economy. For 2015, while the nearly healthy U.S. economy will expand perhaps 2.5 percent, even most pessimistic analysts predict that China's will grow at least 5 percent.

  • 'Good reason' to see higher US prices: Fischer Saturday, 29 Aug 2015 | 5:33 PM ET
    Stanley Fischer

    U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to hike rates slowly, Vice Chairman Stanley Fischer said.

  • *Fed, BoE sound confident notes in face of China fears. JACKSON HOLE, Wyo., Aug 29- U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown. The cautious confidence from...

  • JACKSON HOLE, Wyo., Aug 29- Bank of England Governor Mark Carney said on Saturday that a slowdown in China's economy could push down further on inflation but it did not change, for now, the central bank's position on when and how it might increase interest rates. Their evolution needs to be monitored, not taken for granted, "he said, before adding the direct exposure of...

Contact Europe: Economy

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