europeaneconomy
Following the market turbulence over the past few weeks, several crucial economic data releases and events will be in focus this week, including the second reading of the Eurozone's quarterly GDP, US inflation figures for July, and the Reserve Bank of New Zealand's interest rate decision. Despite signs of recovering sentiment, market volatility may persist depending on how investors react to these economic indicators and central bank policies. EuropeThe spotlight will be on the Eurozone's flash GDP data this week, as economic growth is a key factor the European Central Bank (ECB) uses to shape...
Euronews (English)
Economic growth in the eurozone exceeded expectations in the second quarter of the year, according to preliminary data from Eurostat released on Tuesday. The eurozone's gross domestic product grew at an annualised rate of 0.3% in the second quarter of 2024, matching the growth rate of the first quarter. This surpassed the anticipated 0.2% growth, indicating a slightly faster-than-expected recovery. Growth for the entire European Union also stood at 0.3% in the second quarter, maintaining the same pace as the first quarter. Among the Member States with available data for the second quarter of 2...
Euronews (English)
According to a recent report by Strand Partners, the increased adoption of AI by European businesses could add €600 billion to the European economy by 2030. But how realistic is this and what are the barriers standing in our way? In this episode of The Big Question, Hannah Brown sits down with Sasha Rubel, Head of AI and Machine Learning at Amazon Web Services (AWS) to discuss how Europe can unlock this economic boost. How can AI grow the European economy?According to the report, commissioned by AWS, there are three key issues which are hindering the adoption of AI. If we can overcome these, S...
Euronews (English)
Last year Renault sold 1,133,478 vehicles globally with almost three-quarters of that being European sales, and this year the company has sold 1,154,700 vehicles. The company had even bigger gains in some of its key markets like Europe which saw a 6.7% increase in sales, outpacing the current market growth of 5.5%. Furthermore, the company’s electric vehicles accounted for 29.6% of sales in the region, which is 4.3% more than the previous year. Renault returned to growth in 2023, after 4 years of declining unit sales, and they are hoping that 10 new vehicle launches this year will help keep th...
Euronews (English)
After months of argument, the German government has finally agreed budget plans for 2025, according to Reuters. There remains a €17 billion gap between projected spending and actual revenue but the cabinet hopes the gap will be filled by the raising of extra money as and when the economy improves. The eurozone's largest economy just missed going into recession at the beginning of 2024 but current growth is still lower than hoped for. Germany's economic sentiment slips more than expected: Is recovery at risk?Corporate distress levels see a rise in Germany but falls for France and UKThe approved...
Euronews (English)
June is a volatile month for the foreign exchange markets amid the jittery global economic and political dynamics. While risk-aversion sentiment caused the US dollar to strengthen against all the other G-10 currencies, the euro and the Japanese yen are the weakest pair in this group. The US dollar index, a key gauge of the dollar hit the hight level this year. The euro continued to decline amid political uncertainties, with its exchange rate against the US dollar falling to under 1.067 at a time on Wednesday, the lowest seen on 1 May. More dramatically, the Japanese Yen weakened to the lowest ...
Euronews (English)
The International Monetary Fund (IMF) has released its 2024 Concluding Statements on Common Policies for member countries, highlighting both the progress and the persistent challenges facing the euro area economy. Following the disruptions caused by the pandemic, Russia’s gas supply halt, and the ongoing war in Ukraine, the region is gradually recovering. Inflation rates are moving towards target levels, and banks have demonstrated resilience amid rising interest rates. Weekly Recap: European markets stabilise as French election approachesNonetheless, significant challenges persist, such as re...
Euronews (English)
A new parliament is being shaped around the powerful central European People's Party group with its coalition Socialist & Democrat, green and liberal allies, but with a strengthened far right adding fresh impetus and uncertainty to the process – all of which could affect the development of financial policies over the next five years. While there is growing desire among lawmakers to focus more on enforcement and implementation before more regulation, there are widespread differences among the political groups on how to boost longer term economic growth. “One key reason for Europe’s poor economi...
Euronews (English)
Eurostat also reported on Friday that the EU saw a 0.3% increase in its gross domestic product (GDP) quarter-on-quarter. Meanwhile, compared with the same quarter in 2023, seasonally adjusted GDP increased by 0.4% in the euro area and by 0.5% in the EU. GDP growth by member stateMalta (+1.3%) recorded the highest increase of GDP compared to the previous quarter, followed by Cyprus (+1.2%) and Croatia (+1.0%). Decreases were observed in Denmark (-1.8%), Estonia (-0.5%) and the Netherlands (‑0.1%). Components and contributions to growthAccording to Eurostat, GDP components evolved in the first q...
Euronews (English)
The final eurozone manufacturing PMI from Hamburg Commercial Bank (HCOB) grew to 47.3 in May, announced S&P Global on Monday. That was up from April's figure of 45.7 and just below the preliminary estimate of 47.4. The PMI figure looks at five indices to measure economic health: new orders, output, employment, suppliers' delivery times, and stocks of purchases. A reading above 50 points to expansion, whereas one below 50 signals contraction. Manufacturing PMI Output at a 14-month highThe Manufacturing PMI Output Index, a separate figure that makes up the broader Manufacturing PMI, looks at the...
Euronews (English)
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら