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CNBC Franchise Archive Europe: Economy

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  • *Intel boosts S&P, Apple holds weighs. Sept 3- Wall Street rose on Thursday after European Central Bank chief Mario Draghi hinted at additional stimulus measures and ahead of a key U.S. jobs report that could figure in the Federal Reserve's decision about when to lift interest rates. "Whether it's in the U.S., Japan or Europe, the market likes quantitative easing," said...

  • The Federal Reserve and European Central Bank have been striving to generate a small dose of inflation— around 2 percent annually, just enough to spur more spending and income but not so much that prices surge out of control. ECB President Mario Draghi faced that very question at a news conference Thursday in Frankfurt, Germany. In the United States, the Fed's...

  • "The year of cheap fuel continues," said Tom Kloza, chief oil analyst at the Oil Price Information Service. Gasoline prices often rise toward the end of the summer driving season as supplies dwindle and rough weather disrupts production along the Gulf Coast, where much of the nation's fuel is made. But crude oil prices have plunged because producers in the U.S. and...

  • JPMorgan's Global All-Industry Output Index, produced with private data vendor Markit, held steady at July's 53.7 last month and has been above the 50 mark that divides growth from contraction since October 2012. Markit's global service sector purchasing managers index rose to 54.4 in August from 54.1 in July, though on Tuesday the world manufacturing PMI...

  • *MSCI global stocks index climbs. NEW YORK, Sept 3- The euro fell 1 percent on Thursday on a darkening euro zone outlook, while global stock markets rallied as the European Central Bank chief pledged to beef up or prolong the bank's economic stimulus if necessary. ECB President Mario Draghi's comments on the bank's bond-buying program came as the bank cut its...

  • *Sees further threats from China, emerging markets. FRANKFURT, Sept 3- The European Central Bank cut its growth and inflation forecasts on Thursday, warning of possible further trouble from China and paving the way for an expansion of its already massive 1 trillion-euro plus asset-buying programme. The ECB, which left interest rates unchanged in a widely...

  • European Central Bank president Mario Draghi waits for questions during a news conference at the ECB headquarters in Frankfurt, Germany, September 3, 2015

    The ECB downgraded its inflation forecast and President Mario Draghi left room to extend and expand its bond buying program as the heightened market volatility seen over the summer have upped the risks to the euro zone's growth outlook.

  • NEW YORK, Sept 3- The euro fell on Thursday on a darkening euro zone outlook, while global stock markets rallied as the European Central Bank chief pledged to beef up or prolong the bank's economic stimulus if necessary. ECB President Mario Draghi's comments on the bank's bond-buying program came as the ECB cut its inflation and growth forecasts for the euro zone,...

  • *Turkey keen to shake off perception G20 is' talking shop'. ANKARA, Sept 3- When the Group of 20 finance ministers and central bankers meet on Friday in Turkey, China's market turmoil is likely to be the biggest problem they don't do anything about. Slower growth in China and rising market volatility have boosted the risks to the global economy, staff of the...

  • *EasyJet surges on positive profit outlook. LONDON, Sept 3- European shares rose sharply on Thursday, extending earlier gains as the European Central Bank delivered a dovish message from its first meeting after weeks of market turmoil. "Today's ECB press conference was significantly more downbeat in terms of the outlook for euro zone growth and inflation,"...

  • *Sees further downside risks from China, emerging markets. The ECB, which left interest rates unchanged in a widely predicted decision, said the chances of missing its medium-term inflation target had increased due to lower oil prices, weaker growth in China and other emerging markets and an appreciating euro. Mario Draghi, the ECB president, said the bank's 1...

  • ECB's QE program 'flexible': Mario Draghi

    CNBC's Steve Liesman weighs in on Mario Draghi's "dovish" comments on ECB policy.

  • WASHINGTON— More Americans applied for unemployment benefits last week, but applications remain at historically near low levels in a positive sign for the U.S. economy amid a broader global slowdown. The Labor Department said Thursday that weekly applications for unemployment aid rose 12,000 to a seasonally adjusted 282,000. The four-week average, a less...

  • FRANKFURT, Sept 3- The European Central Bank is set to cut its inflation forecasts on Thursday but hold back from concrete policy action, promising only to beef up its bond-buying program if growth and inflation prospects weaken further. The bank, which left interest rates unchanged in a widely predicted decision, is expected to say the chances of missing its...

  • What’s best for Europe: Weak euro or low oil?

    Gilles Moec, head of developed European economist at Bank of America Merrill Lynch, outlines deflationary concerns still plaguing the euro zone.

  • *Markit says PMI points to Q3 GDP growth of 0.4 pct. LONDON, Sept 3- Euro zone business activity accelerated at its fastest pace in more than four years last month, according to surveys that highlighted an ongoing divergence between laggard France and the other big economies in the currency bloc. The data, which come as official numbers showed retail sales rose less...

  • *From sprinter to laggard as oil industry contracts. OSLO, Sept 3- Norway's oil-driven economy, until recently among Europe's top performers, faces years of slower growth as energy industry gloom infects other sectors, challenging policymakers who want to create jobs but fear stoking a red-hot housing market. Having outpaced the euro zone in each of the last...

  • FRANKFURT, Germany— The European Central Bank is ready to give the eurozone economy a bigger dose of stimulus if turmoil in China and weaker global growth hurt its modest recovery, President Mario Draghi said Thursday. Draghi said the ECB can add to its 1.1 trillion euro program, if the 19- country currency bloc needs it. Tom Rogers, senior economic adviser to the EY...

  • France is not the sick man of Europe: SocGen CEO

    Frédéric Oudéa, CEO of Societe Generale, discusses the economic situation in France and what needs to be done to improve it.

  • FRANKFURT, Germany— The latest on the European economy as the European Central Bank meets to discuss its monetary policy:. European Central Bank President Mario Draghi has dismissed the idea that central banks in developed economies should lower their inflation targets amid a prolonged period of subdued price increases. The euro fell sharply and stocks rose...

Contact Europe: Economy

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