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Britain Economy European Central Bank month PMI Top News 

So, is it actually the euro zone that’s strong and stable?

June 17, 2017 By Jonathan Cable LONDON (Reuters) – The deluge of cash poured into the euro zone economy in recent years by the European Central Bank appears to have finally resulted in solid – and more importantly, steady – economic growth, along with rising inflationary pressures. To borrow a phrase from British Prime Minister Theresa May’s ill-fated election campaign, it’s beginning to look strong and stable. As well as cutting borrowing costs to rock bottom, the European Central Bank has bought well over a trillion euros of mainly government…

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Business election European Central Bank James Comey UK 

Asian stocks on edge before Comey, ECB and UK election

June 8, 2017 By Hideyuki Sano TOKYO (Reuters) – Asian shares wobbled on Thursday as investors braced for any surprises from the UK elections, the European Central Bank’s policy meeting and congressional testimony from ex-FBI director James Comey who was fired by President Donald Trump last month. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1 percent while Japan’s Nikkei was flat. Wall Street shares ticked up on Wednesday, despite sharp decline in energy prices, after written testimony from Comey did not add major revelations about an investigation…

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Italy’s extra moves likely to hit EU fiscal targets in 2017: Dombrovskis

April 8, 2017 VALLETTA (Reuters) – Italy’s draft additional measures to meet European Union’s fiscal targets this year are likely to be in line with EU requests, the EU commission vice president said on Saturday. Rome has to adopt by the end of April new belt-tightening measures to boost revenues by at least 0.2 percent of its gross domestic product to avoid an EU disciplinary procedure for the country’s increasing public debt. The measures prepared by Italy’s finance minister Pier Carlo Padoan “seem to be in line with what has…

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Dollar edges up to nine-day high, buoyed by euro weakness

March 30, 2017 By Shinichi Saoshiro TOKYO (Reuters) – The dollar edged up to a nine-day high against a basket of currencies on Thursday, with the euro sagging as the European Central Bank showed no sign of stepping away from monetary easing anytime soon. The U.S. currency was up 0.3 percent at 111.385 yen , putting some distance between the four-month low of 110.110 it plumbed on Monday. The euro dipped 0.2 percent to $1.0745 , having drifted down from a 4-1/2-month high of $1.0906 scaled on Monday. The common…

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Asia shares creep up to near two-year peak, dollar firms

March 30, 2017 TOKYO (Reuters) – Asian shares edged up to near their highest in two years on Thursday, while the dollar benefited from waning expectations that the European Central Bank was poised to end its easy policy. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.2 percent higher in early trade, pushing against its loftiest levels since June 2015. Japan’s Nikkei stock index was down 0.2 percent, while Australian shares firmed, helped by gains in oil prices. Strong energy shares had helped the U.S. S&P 500 end higher…

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Euro up near one-month high after ECB rate hike talk, dollar drifts

March 13, 2017 TOKYO (Reuters) – The euro edged up near a one-month high against the dollar in Asian trading on Monday, after some European Central Bank policymakers raised the possibility of hiking interest rates before bond purchases end. The euro was up 0.1 percent at $1.0691 , after rising as high as $1.0699 on Friday, its highest level since Feb. 9. Some members of the ECB’s Governing Council discussed the possibility of higher interest rates at last week’s policy meeting, but talk on the issue was brief and did…

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Euro zone economy: real recovery or another Sirens’ song?

February 26, 2017 By Jeremy Gaunt LONDON (Reuters) – Over the years, euro zone economic growth has been a bit like the Sirens in Homer’s Odyssey: singing a song of promise, only to end up pulling you onto the rocks. Will it be different this time? The strong growth registered in numerous data releases and surveys at the beginning of this year has surprised many. One eye-opening example was the release of flash purchasing managers indices for France, Germany and the euro zone on Feb 21. Of nine indexes, eight…

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