GO
Loading...

Europe: Economy

More

  • European shares closed higher on Thursday with investors reacting to fresh data from the euro zone, but oil and gas stocks saw heavy selling after the Organization of the Petroleum Exporting Countries (OPEC) decided to leave output unchanged.

  • *Norwegian crown hit as OPEC keeps oil output unchanged. LONDON, Nov 27- The euro fell against the dollar on Thursday after data showed German inflation sinking to its lowest since February 2010 in November, reinforcing bets the European Central Bank will ease monetary policy more aggressively. Oil-rich Norway's crown slid crown slid 1 percent to 8.6190 per...

  • Since 1997, the UAE dirham has been fixed at a rate of 3.6725 to $1. For over a decade, fluctuations in global oil prices and economies have prompted some economists to suggest the UAE consider abolishing the peg and tying its currency to something else, perhaps a basket featuring the price of oil. This could give the UAE more flexibility to conduct its own monetary...

  • French, German economists' plan to beat 'stagnation' Thursday, 27 Nov 2014 | 10:17 AM ET

    French and German economists proposed a package of reforms and investment initiatives to revive growth in their economies.

  • Greece says under pressure for new austerity Thursday, 27 Nov 2014 | 9:56 AM ET

    ATHENS, Greece— A Greek official says the country is under pressure from rescue creditors to impose new austerity measures to resolve an ongoing budget disagreement worth a reported 2 billion euros. Negotiator Christos Protopapas, a former union leader and Socialist labor minister, said Thursday that international lenders remained at odds with Athens over...

  • BERLIN, Nov 27- Annual inflation in Europe's largest economy fell to its lowest level in nearly five years in November, suggesting the risk of deflation in the wider euro zone has not yet abated. Preliminary figures from Germany's Statistics Office on Thursday showed inflation harmonised to compare with other European countries dropped to 0.5 percent from...

  • LONDON, Nov 27- The euro fell against the dollar on Thursday as German inflation appeared to have softened more in November, reinforcing expectations that the European Central Bank will ease monetary policy more aggressively. Oil-rich Norway's crown hit a three-week low of 8.6350 per euro as OPEC looked unlikely to cut oil output despite a huge oversupply,...

  • ECB's Draghi: Euro monetary union 'incomplete' Thursday, 27 Nov 2014 | 7:05 AM ET

    HELSINKI, Finland— European Central Bank head Mario Draghi says the euro currency union remains "incomplete" and needs to be strengthened with better oversight of member countries' economic policies to avoid future crises. He said the 18 member countries have agreed not to bail each other out through fiscal transfers— the way richer and poorer states do in the...

  • *Despite stimulus, China economy still to slow-analyst. LONDON, Nov 27- Copper and other base metals were steady on Thursday, supported by monetary easing in top consumer China and an uptick in economic sentiment in Europe. Three-month copper on the London Metal Exchange was unchanged at $6,570 a tonne by 1132 GMT.

  • BERLIN, Nov 27- Germany's unemployment rate touched a record low of 6.6 percent in November, underscoring the huge gap in labor market conditions between Europe's largest economy and its struggling euro zone partners. Record employment, rising wages and low interest rates are helping to prop up domestic demand in Germany, whose economy has suffered from...

  • BERLIN, Nov 27- Annual inflation in Europe's largest economy looks set to sink in November to the lowest rate in up to five years, according to data from some German states on Thursday. The yearly readings were all well below the European Central Bank's target for close to but just under 2 percent over the medium term in the euro zone. In North Rhine-Westphalia,...

  • German unemployment steady at 6.3 percent Thursday, 27 Nov 2014 | 4:43 AM ET

    BERLIN— Germany's unemployment rate was steady at 6.3 percent in November as the labor market in Europe's largest economy remained strong. The Federal Statistical Office said Thursday that 2.72 million people were out of work in Germany in November, about 16,000 fewer than in October and not enough to change the unemployment rate. Adjusted for seasonal...

  • OPEC keeps oil output on hold despite low prices Thursday, 27 Nov 2014 | 4:17 AM ET

    VIENNA— Reflecting its lessening oil clout, OPEC decided Thursday to keep its output target on hold and sit out falling crude prices that will likely spiral even lower as a result. OPEC has traditionally relied on output cuts to regulate supply and prices. Instead, the move to maintain a production target of 30 million barrels a day appeared to reflect acceptance...

  • Contrarian: European stocks attractive     Thursday, 27 Nov 2014 | 2:00 AM ET

    A European economic turnaround story in 2015 makes stocks in the region an attractive buy, according to Ramin Nakisa, strategist in global asset allocation at UBS Investment Bank.

  • Pessimistic about Europe, Japan: Calamander     Thursday, 27 Nov 2014 | 12:14 AM ET

    Roman Scott, Chairman at Calamander Group, explains why the European and Japanese economy can't move forward based on monetary stimulus alone.

  • SYDNEY, Nov 27- London copper edged up on Thursday from three-week lows hit in the previous session on prospects that the European Central Bank could ease monetary policy and cushion demand. *The most traded February copper contract on the Shanghai Futures Exchange slipped by 0.2 percent to 46,790 yuan a tonne. *The European Commission presented a 300 billion...

  • Why the euro's rebound won't last     Wednesday, 26 Nov 2014 | 5:34 PM ET

    Boris Schlossberg, Managing Director at BK Asset Management, says the euro's gains overnight following the announcement of a $392 billion growth plan was just a short covering rally.

  • *U.S. financial markets to close Thursday for Thanksgiving. NEW YORK, Nov 26- The dollar fell against a basket of currencies on Wednesday as a batch of disappointing U.S. data on consumers, housing and manufacturing raised concern that the world's biggest economy is losing momentum in the final months of 2014.. "Today's data were underwhelming," said currency...

  • ECB stimulus pits euro vs. yen: O'Neill Wednesday, 26 Nov 2014 | 1:38 PM ET

    Quantitative easing has only helped Japan's economy by weakening its currency, and the same could be true for Europe, said Jim O'Neill.

  • Business events scheduled for Thursday Wednesday, 26 Nov 2014 | 1:29 PM ET

    Major business and economic events scheduled for Thursday:. Thanksgiving Day- US markets closed. BERLIN— Germany's Federal Labor Agency releases November unemployment figures for Europe's biggest economy.

Contact Europe: Economy

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More