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Europe: Economy

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  • FOREX-Euro thumped as ECB looms, Aussie data in focus Wednesday, 4 Mar 2015 | 5:35 PM ET

    *Australia retail sales, trade data next in focus. SYDNEY, March 5- The euro wallowed at its lowest in over 11 years against the greenback early on Thursday, having suffered a big setback as investors waited for the European Central Bank to announce more details of its massive bond-buying program. The euro zone common currency fell as far as $1.1061, a low not seen...

  • Traders eager to hear from ECB  Wednesday, 4 Mar 2015 | 11:44 AM ET

    CNBC's Rick Santelli checks on how currencies and Treasurys are trading ahead of the European Central Bank's announcement tomorrow regarding logistics for quantitative easing.

  • Why no one in the UK wants this $60,000 job Wednesday, 4 Mar 2015 | 11:44 AM ET

    The British public is turning its nose up at a job that pays up to £40,000 a year that involves spending all day with fluffy baby animals.

  • Euro weakness, exports lift southern Europe car output Wednesday, 4 Mar 2015 | 11:25 AM ET

    *FCA is turning the corner in Europe, CEO Marchionne says. GENEVA, March 4- While southern Europe is experiencing at best a patchy economic recovery, the outlook for the region's car makers is a little less bumpy thanks to the weak euro, cheaper oil and labour reforms. At the Geneva auto show, industry executives have warned against overoptimism about what might yet...

  • Is the Irish recovery stable?  Wednesday, 4 Mar 2015 | 11:10 AM ET

    Deirdre Somers, CEO of the Irish Stock Exchange, talks about the Irish economy and the Irish stock exchange's position compared to other European stock exchanges.

  • What to expect from ECB's QE plan  Wednesday, 4 Mar 2015 | 11:00 AM ET

    Patrick Armstrong, CIO of Plurimi Investment Managers, expects there will be "no surprises" at the European Central Bank meeting tomorrow, at which the bank plans to roll out its bond-buying program.

  • WASHINGTON, March 4- International Monetary Fund chief Christine Lagarde said on Wednesday that an infusion of financial support for Ukraine and its impact largely hinges on how the security crisis over Russia's actions in Ukraine is resolved. In an interview on MSNBC, the International Monetary Fund's managing director said the fighting in eastern...

  • LONDON, March 4- Market bets on a revival of euro zone inflation are close to their highest this year as surprisingly strong economic data and imminent European Central Bank money printing ease fears of a deflationary spiral. This followed strong retail sales and data showing inflation in Germany, Spain and Italy may not turn out as low as previously expected.

  • European shares firm, but trim gains after PMI data Wednesday, 4 Mar 2015 | 9:46 AM ET

    *Shares in ITV, Standard Chartered advance. LONDON, March 4- European shares firmed on Wednesday but trimmed early gains after the euro zone's Purchasing Managers' Index came in below the preliminary estimate and as investors took some profits from recent multi-year highs. In the past few weeks, the market enjoyed positive surprises on the macro front in Europe,...

  • Merkel dampen talk of 3rd Greek bailout Wednesday, 4 Mar 2015 | 9:44 AM ET

    BRUSSELS— German Chancellor Angela Merkel and the president of the European Union's executive branch cautioned Wednesday against speculation that Greece will need a third financial bailout. Greece and its creditors recently agreed a four-month extension to Athens' second bailout to June. De Guindos later said Greece will need a new accord or program if it...

  • WARSAW, Poland— Poland's central bank has cut its key interest rate by half a percentage point to a historic low of 1.5 percent amid concerns over deflation, a sustained drop in consumer prices that can hurt the economy. The National Bank of Poland's move to slash its reference rate surprised many given that most economists expected a cut of 0.25 percentage...

  • LONDON, March 4- The euro zone economy is sprouting more green shoots than anticipated just as the European Central Bank fires up a money printing program worth more than 1 trillion euros. Germany, Europe's largest economy, is the clear leader. "Everyone got caught up in the debate of deflation, Greece and the Ukraine crisis and so expectations were quite low," said...

  • European shares surrender gains after PMI data, ITV up Wednesday, 4 Mar 2015 | 7:17 AM ET

    *Shares in ITV, Standard Chartered advance. LONDON, March 4- European shares surrendered early gains on Wednesday after the euro zone's Purchasing Managers' Index came in below the preliminary estimate and as investors took some profits from recent multi-year highs. In the past few weeks, the market enjoyed positive surprises on the macro front in Europe, which...

  • MOSCOW, March 4- Russia's biggest privately-held homebuilder, SU-155, said it had failed to pay out to its bondholders under a put option agreement and was seeking to restructure its debts to avoid an outright default. Global investors have been closely watching developments in Russia, whose economy is teetering on the brink of recession due to a steep fall in...

  • Why low European valuations provide opportunity  Wednesday, 4 Mar 2015 | 5:00 AM ET

    Alasdair Warren, global co-head of financial sponsors group at Goldman Sachs, explains why lower European valuations provide good opportunities.

  • European shares trim gains after PMIs Wednesday, 4 Mar 2015 | 4:26 AM ET

    PARIS, March 4- European shares trimmed their gains on Wednesday morning after Markit's final February Composite Purchasing Managers' Index came at 53.3, weaker than a preliminary estimate of 53.5. In the past few weeks, the market enjoyed positive surprises on the macro front in Europe, which boosted investors' expectations, " Saxo Bank trader Pierre Martin said.

  • Eurozone showing signs of economic momentum Wednesday, 4 Mar 2015 | 4:16 AM ET

    LONDON— The 19- country eurozone's economy is kicking into a higher gear thanks to falling oil prices and the lower euro, but the recovery is still far short of that experienced by the U.S. And that's likely to be welcomed by policymakers at the European Central Bank as they head off for their latest meeting Thursday in Nicosia, the capital of the Mediterranean...

  • Euro zone business growth at 7-month high in Feb -PMI Wednesday, 4 Mar 2015 | 4:00 AM ET

    *PMIs point to Q1 GDP growth of 0.3 pct- Markit. Survey compiler Markit said the surveys pointed to first quarter GDP growth of 0.3 percent, the same as at the tail-end of 2014, as business activity expanded in all of the bloc's four biggest economies for the first time since last April. The weaker euro should help boost exports and, perhaps most importantly, the...

  • Irish PM: From austerity to recovery  Wednesday, 4 Mar 2015 | 4:00 AM ET

    Despite a recovery in Ireland, there are still fragile areas of concern. Endy Kenny, Taoiseach of Ireland, discusses these, but says a "recovery is underway" for Ireland.

  • Irish PM: We're 'upfront' about tax  Wednesday, 4 Mar 2015 | 4:00 AM ET

    Endy Kenny, Taoiseach of Ireland, discusses the country's tax structure and whether this is attractive to big companies.

Contact Europe: Economy

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