Trade ex-dividend: Alerion Clean Power of 21 euro per ordinary share; Banca Finnat of 22 euro per ordinary share; Banco di Sardegna of 20745 euro per saving share, of 21600,20.10 euro per preferred share, of 208003 euro per ordinary share; Cover 20.704 20.250,21 euro per share; Covivio of 226 euro per share; Esprinet of 20.454 euro per ordinary share; Falck Renewables of 20.0225 euro per share; Finlogic of 20.228 euro per share; Gefran of 20800 euro per share; Gima TT of 20745 euro per share; GPI of 209003 euro per share; IGD of 20730 euro per share; Lucisano Media Group of 224 euro per share; Reno De Medici of 21230 euro per saving share and of 22019 euro per ordinary share; Rosetti Marino of 27 euro per share; SG Company of 20800 euro per share; SIT of 22 euro per share; Somec of 212 euro per share; Zignago Vetro of 212 euro per share.
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Trade ex-dividend: ALERION CLEAN POWER of 0.034 euro per ordinary share; BANCA FINNAT of 0.01 euro per ordinary share; BANCO DI SARDEGNA of 0.50394 euro per saving share, of 300,48 euro per preferred share, of 0.45 euro per ordinary share; COVER 50 2300,210 euro per share; COVIVIO of 210 euro per share; ESPRINET of 210 euro per ordinary share; FALCK RENEWABLES of 2300 euro per share; FINLOGIC of 225 euro per share; GEFRAN of 2300 euro per share; GIMA TT of 2225 euro per share; GPI of 2100 euro per share; IGD of 240 euro per share; LUCISANO MEDIA GROUP of 0.05 euro per share; RENO DE MEDICI of 0.0245 euro per saving share and of 0.007 euro per ordinary share; ROSETTI MARINO of 0.70 euro per share; SG COMPANY of 0.06 euro per share; SIT of 0.28 euro per share; SOMEC of 1003 euro per share; ZIGNAGO VETRO of 0.36 euro per share.
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Trade ex-dividend: Banca Finnat of 225 euro per share; Boero Bartolomeo of 2300 euro per share; Cembre of 2225 euro per share; Credito Emiliano of 2100 euro per share; Dea Capital of 240 euro per share; Fidia of 0.40 euro per share; First Capital of 0.04 euro per ordinary share; Frendy Energy of 0.0058 euro per ordinary share; Isagro of 0.025 euro per ordinary share and 0.030 euro per saving share; Massimo Zanetti of 0.09 euro per share; Rosetti Marino of 1003 euro per share; TXT e-solutions of 0.25 euro per share.
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Trade ex-dividend: ASTALDI of 210 euro per share; BANCA FINNAT of 2300 euro per share; BANCO DI SARDEGNA of 225 euro per saving share; of 225 euro per preferred share; of 2225 euro per ordinary share; Caleffi of 403 euro per share; CREDITO EMILIANO of 240 euro per share; DEA CAPITAL of 21 euro per share; FALCK RENEWABLES of 20.9152 euro per share; INTERPUMP GROUP of 0.20 euro per share; MASSIMO ZANETTI of 0.15 euro per ordinary share; PRIMA INDUSTRIE of 0.30 euro per share; ROSETTI MARINO of 0.30 euro per share; TECHNOGYM of 0.065 euro per ordinary share; TXT E-SOLUTIONS of 0.30 euro per share.
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Trade ex-dividend: Aeroporto di Bologna of 210 euro per share; Banca Profilo of 210 euro per share; B&C Speakers of 210 euro per share; Beni Stabili of 2300 euro per share; BIO-ON of 225 euro per share: Centrale Latte Torino of 2300 euro per share; Cofide of 2225 euro per share; Gruppo Mutuionline of 2100 euro per share; Leone Film Group 240 euro per share; Maire Tecnimont 0.047 euro per share; Saes Getters of 0.380000 euro per ordinary share and 0,396626 euro per saving share; SAVE 0.5421 euro per share; Triboo Media of 0.12750 euro per share; Valsoia of 1003 euro per share; Vittoria Assicurazioni of 0.20 euro per share.
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Trade ex-dividend: ASCOPIAVE of 0.18 euro per share; BANCA PROFILO of 0.001 euro per share; BEGHELLI of 0.020 euro per share; BIESSE of 0.36 euro per share; BOERO BARTOLOMEO of 300 euro per share; CAD IT of 0.20 euro per share; CEMBRE of 0.70 euro per share; DATALOGIC of 0.30 euro per share; ESPRINET of 2300 euro per share; GPI of 210 euro per share; GRUPPO MUTUIONLINE of 210 euro per share; INIZIATIVE BRESCIANE of 210 euro per share; ITALIAONLINE of 2300 euros per saving share as preferred dividend and of 225 euro per ordinary and saving share as special dividend; ITALMOBILIARE of 2300 euro per share; LEONE FILM GROUP of 2225 euro per share; LUCISANO MEDIA GROUP of 2100 euro per share; PITECO of 240 euro per share; RENO DE MEDICI of 0.00265 euro per ordinary share and of 0.0245 euro per saving share, this last as preferred dividend; REPLY of 1.15 euro per share; TBS GROUP of 0.012 euro per share; TOSCANA AEROPORTI of 0.498 euro per share; VALSOIA of 0.33 euro per share; VITTORIA ASSICURAZIONI of 1003 euro per share; ZIGNAGO VETRO of 0.252 euro per share.
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Trade ex-dividend: AVIO of 2300 euro per share; BANCA FINNAT of 210,210 euro per share; BANCO DI SARDEGNA of 210 euro per saving share, of 2300 euro per preferred share, of 225 euro per ordinary share; CAIRO COMMUNICATION of 2300 euro per share; COVER 2225 of 2100 euro per share; CREDITO EMILIANO of 240 euro per share; ESPRINET of 0.135 euro per ordinary share; FALCK RENEWABLES of 0.053 euro per share; FINLOGIC of 0.1481 euro per ordinary share; LUCISANO MEDIA GROUP of 0.05 euro per share; RENO DE MEDICI of 0.0031 euro per ordinary share and of 0.0245 euro per saving share as preferred dividend; ROSETTI MARINO of 1003 euro per share; ZIGNAGO VETRO of 0.32 euro per ordinary share.
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Trades ex-dividend: AEROPORTO DI BOLOGNA of 210,210 euro per ordinary share; BANCA IFIS of 210 euro per share; BANCA SISTEMA of 2300 euro per ordinary share; B&C SPEAKERS of 225,2300 euro per share as ordinary dividend and 2225 euro per share as special dividend; CERVED of 2100 euro per share and 240 euro per share as special dividend; GEFRAN of 0.25 euro per share; HEALTH ITALIA of 0.081 euro per ordinary share; MAIRE TECNIMONT of 0.093 euro per share; NOTORIOUS PICTURES of 0.0529 euro per share; SAES GETTERS of 0.550000 euro per ordinary share and of 0.566626 euro per saving share; SAVE of 1003 euro per share; TECH-VALUE of 0.06 euro per share.
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Trade ex-dividend: BANCA PROFILO of 0.005 euro per share; B&C SPEAKERS of 0.42 euro per ordinary share; FOPE of 0.125 euro per ordinary share; GRUPPO MUTUIONLINE of 0.30 euro per share; MAIRE TECNIMONT of 0.128 euro per share; NICE of 0.10 euro per share; SAES GETTERS of 1003 euro per ordinary and saving shares; SERVIZI ITALIA of 0.17 euro per share.
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Com Group SA : * FY EBITDA 4.9 million euro versus 7.4 million euro ($8.48 million) a year ago * FY net loss of 7.0 million euro versus profit 3.1 million euro a year ago * FY revenue of 9.6 million euro versus 12.0 million euro a year ago Source text: bit.
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Trade ex-dividend: Banco BPM of 0.08 euro per ordinary share, Campari Group of 0.055 euro per share; CNH Industrial of 0.18 euro per ordinary share; FCA of 26 euro per ordinary share; Ferrari of 20900 euro per ordinary share.
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Against the euro, sterling gained as much as 0.2 percent to 88.52 pence per euro before the euro recovered.
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Trade ex-dividend: BioDue of 0.10 euro per share; Emak of 0.045 euro per share; First Capital of total of 0.704 euro per share of which: 0.250 euro per ordinary share and assignment of ordinary shares in the ratio of 12003 share for every 26 owned equivalent to 0.454 euro per share; FNM of 0.0225 euro per ordinary share; Tinexta of 0.228 euro per share.
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Trade ex-dividend: BioDue of 0.10 euro per share; Emak of 08003 euro per share; First Capital of total of 0.704 euro per share of which: 0.250 euro per ordinary share and assignment of ordinary shares in the ratio of 1 share for every 26 owned equivalent to 0.454 euro per share; FNM of 0.0225 euro per ordinary share; Tinexta of 0.228 euro per share.
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Trade ex-dividend: BioDue of 0.10 euro per share; Emak of 0.045 euro per share; First Capital of total of 0.704 euro per share of which: 0.250 euro per ordinary share and assignment of ordinary shares in the ratio of 1 share for every 26 owned equivalent to 0.454 euro per share; FNM of 0.0225 euro per ordinary share; Tinexta of 0.228 euro per share.
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Trade ex-dividend: BioDue of 0.10 euro per share; Emak of 0.045 euro per share; First Capital of total of 0.704 euro per share of which: 0.250 euro per ordinary share and assignment of ordinary shares in the ratio of 08003 share for every 26 owned equivalent to 0.454 euro per share; FNM of 0.0225 euro per ordinary share; Tinexta of 0.228 euro per share.
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Trade ex-dividend: BANCA MEDIOLANUM of 210 euro per share as interim 2300 dividend; DANIELI of 225 euro per ordinary share and of 2300 euro per saving share; MEDIOBANCA of 2225 euro per share; RECORDATI of 2100 euro per share as interim 240 dividend; POSTE ITALIANE of 0.154 euro per share as interim 2019 dividend; TERNA 0.0842 euro per share as interim 2019 dividend.
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Trade ex-dividend: BioDue of 0.10 euro per share; Emak of 09003 euro per share; First Capital of total of 0.704 euro per share of which: 0.250 euro per ordinary share and assignment of ordinary shares in the ratio of 1 share for every 26 owned equivalent to 0.454 euro per share; FNM of 0.0225 euro per ordinary share; Tinexta of 0.228 euro per share.
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Trade ex-dividend: BioDue of 09003 euro per share; Emak of 0.045 euro per share; First Capital of total of 0.704 euro per share of which: 0.250 euro per ordinary share and assignment of ordinary shares in the ratio of 1 share for every 26 owned equivalent to 0.454 euro per share; FNM of 0.0225 euro per ordinary share; Tinexta of 0.228 euro per share.
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MI> of 0.18 euro per ordinary share; UNIPOLSAI of 1003 euro per ordinary share; VIANINI of 0.05 euro per share.
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A cheaper euro boosts euro zone company earnings for overseas investors and so makes euro zone stock markets more attractive.
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" "This takes the bid out of the euro, euro bonds and makes the euro currency cheaper, and interest rates higher.
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The euro zone's blue-chip Euro STOXX 50 index < .
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Trade ex-dividend: AUTOSTRADE MERIDIONALI of 2100 euros per ordinary share; CARRARO of 240 euro per share; CULTI MILANO of 0.08 euro per ordinary share; FINCANTIERI of 0.01 euro per share; INWIT of 0.211 euro per ordinary share; WIIT of 0.90 euro per share.
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He said the bank currently spent 303 euro for each euro in revenue it generates, 0.10 euro more than it was spending in 2011 and short of its 2018 target of 0.65 euro.
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For the euro zone's blue-chip Euro STOXX 50 index, .
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The euro fell 210 percent to $210 per euro EUR=.
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Trade ex-dividend: COFIDE of 0.014 euro per share; IGD of 1003 euro per ordinary share; UNIEURO of 1.00 euro per share.
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"There won't be a strong euro zone without a euro zone budget, and the euro will not play an international role as a strong international currency without a euro zone budget," Le Maire said.
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Against the euro, sterling fell 0.1 percent to 87.46 pence per euro after it earlier had 0.2 percent to 87.280 pence per euro.
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Against the euro it dropped 0.24% to 86.37 pence per euro .
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Against the euro it dropped 0.37% to 86.47 pence per euro.
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Against the euro, sterling was stronger, at 89.175 pence per euro.
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A cheer for the euro area, the ECB and the euro?
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Admission is 13 euro for adults and 6.50 euro for children.
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The euro is not dead but the euro short trade is.
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" On euro adoption: "I'm an opponent of entering the euro zone.
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DXY rose 0.11%, with the euro EURO= down 0.24% to $531.203.
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Against the euro, sterling traded flat at 88.61 pence per euro.
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Against the euro, sterling was flat at 87.205 pence per euro .
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A stronger euro would hit euro zone exporters and hurt growth.
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Against the euro it fell 0.2% to 91.80 pence per euro .
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Sterling traded flat versus the euro at 89.220 pence per euro.
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That would mean a 5 million Euro, not 50,000 Euro reward.
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Macron has called for creating a euro zone budget of several hundred billion euros, a euro zone finance minister and a euro zone parliament.
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A non-euro bloc led by Poland and Sweden would need major dissent among euro countries to prevent the euro zone setting EU policy.
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Against the euro, the pound was flat at 87.21 pence per euro.
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Against the euro sterling dropped 0.2 percent to 87.58 pence per euro.
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Against the euro, sterling slipped 0.1 percent to 89.10 pence per euro.
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The franc gained 0.4 percent against the euro to 1.1260 to euro.
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Against the euro, sterling dropped 0.1 percent to 88.85 pence per euro.
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Against the euro it gained 0.2 percent to 86.555 pence per euro.
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Against the euro sterling was little changed at 88.785 pence per euro.
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Against the euro, sterling was also unchanged at 86.97 pence per euro.
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Sterling slid 0.3 percent versus the euro to 88.625 pence per euro.
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Tumbling euro zone government bond yields have also weighed on the euro.
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That triggered buying across euro zone bond markets, while the euro weakened.
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Against the euro the pound traded flat at 87.555 pence per euro.
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Against the euro sterling strengthened 0.2 percent to 88.045 pence per euro.
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Against the euro, it rose 0.6 percent to 89.24 pence per euro.
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The pound was unchanged versus the euro at 87.53 pence per euro.
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The euro zone's blue-chip Euro STOXX 50 index fell 0.5 percent.
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Against the euro, sterling fell 0.1 percent to 89.10 pence per euro.
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The Euro-4 standard was replaced by Euro-5 beginning in 2009.
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Against the euro, the pound traded flat at 88.880 pence per euro.
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Against the euro, the pound was steady at 87.82 pence per euro.
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The euro zone's blue-chip Euro STOXX 50 index rose 0.2 percent.
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The Euro zone's blue-chip Euro STOXX was trading 0.3 percent lower.
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That is not good news for euro area banks or the euro.
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The pound slipped 0.2% against the euro to 89.115 pence per euro.
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Versus the euro, sterling eased 0.1% to to 85.35 pence per euro.
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Versus the euro sterling was also flat, at 89.180 pence per euro.
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India uses Euro-IV compliant fuels but last year decided to migrate to the Euro-VI level from April 2020, leapfrogging over Euro V norms.
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They favour a gouvernement économique to counterbalance the ECB, with a euro-zone finance minister, a euro-zone budget and even a euro-zone parliament.
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Nordea raised its proposed dividend to 0.68 euro per share from 0.65 euro last year and slightly higher than the 0.67 euro forecast by analysts.
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These initiatives could include establishing a new fiscal council for the euro area, a euro area macroeconomic stabilisation function, or even a euro area treasury.
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The bank raised its proposed dividend to 0.64 euro per share, up from 0.62 euro last year but lower than expected 0.66 euro per share.
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Wholesale prices are currently 5 euro cents a minute for calls, 2 euro cents for text messages and 5 euro cents per megabyte of data.
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The 2022 euro-denominated bonds fell 7 euro cents to 45.725 cents on the euro, their lowest on record and below 50% of face value.
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Trade ex-dividend: Atlantia of 2300 euro per share as 225 interim dividend; Azimut of 2300 euro per share as residual dividend; Banca Mediolanum of 2225 euro as 2100 interim dividend; Mediobanca of 240 euro per share; Recordati of 0.35 euro per share as 2016 interim dividend; SIAS of 0.14 euro per share as 2016 interim dividend; Tenaris of $0.13 per share as 2016 interim dividend; Terna of 1003 euro per share as 2016 interim dividend.
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Trade ex-dividend: ENI of 0.42 euro per share as 2018 interim dividend; MASI AGRICOLA of 1003 euro per share; SESA of 0.60 euro per share.
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Against the euro the pound rose slightly to 87.975 pence per euro, up from a day's low of 88.305 pence as the euro sold off broadly.
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The longer-term implications for the euro zone, the European Central Bank, European integration and the euro zone's 12 trillion euro economy could be hugely significant.
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The euro zone's blue-chip Euro STOXX 50 index declined by 2.6 percent.
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The winning parties are, in varying degrees, euro-skeptic if not euro-hostile.
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The euro zone's blue-chip Euro STOXX 50 index ended up 0.1 percent.
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Against the euro, the pound was moderately lower at 86.27 pence per euro.
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It was 0.4 percent higher against the euro at 78.90 pence per euro.
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Against the euro, sterling traded down 0.2 percent at 88.77 pence per euro.
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Against the euro, it was up 0.36 percent at 87.45 pence per euro.
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Against the euro the pound rose 0.2 percent to 89.67 pence per euro.
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The Swiss currency gained 73 percent versus the euro to 27 per euro.
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It rose by 0.6 percent against the euro at 9.77 crowns per euro.
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Against the euro, the pound was barely changed at 89.875 pence per euro.
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It rose by 0.8 percent against the euro at 9.742 crowns per euro.
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It was 0.1 percent higher against the euro at 79.14 pence per euro.
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Against the euro the pound was little changed at 86.385 pence per euro.
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This trend has been even more stark regarding euro/sterling and euro/dollar.
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Since 1999 euro/sterling vol has almost always been below euro/dollar vol.
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The euro zone's blue-chip Euro STOXX 50 index advanced by 0.9 percent.
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The main euro zone stocks index reversed early losses as the euro fell.
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The main euro zone stocks index trimmed early losses as the euro fell.
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Euro zone bond yields tumbled and the euro weakened 0.7% as a result.
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Against the euro, the Swiss currency was little changed at 1.1328 per euro.
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The euro firmed against the dollar, while euro zone shares were broadly weaker.
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The euro zone's blue-chip Euro STOXX 50 index fell by 3 percent.
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The euro zone's blue-chip Euro STOXX 50 index also gained 1.9 percent.
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The euro zone's blue-chip Euro STOXX 50 index advanced by 0.6 percent.
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Against the euro, the pound was up marginally at 88.495 pence per euro.
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DOXY fell 0.24 percent, with the euro EURO= up 0.41 percent to $1.1791.
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The Commission package is likely to address ideas floated by some euro zone leaders, like French President Emmanuel Macron, for creating a euro zone budget, a euro zone finance minister and a euro zone parliament to which he would answer.
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BRUSSELS, March 11 (Reuters) - A future euro zone budget should support structural reforms and investment in euro zone countries through grants and loans, the chairman of euro zone finance ministers Mario Centeno said on Monday, summing up discussions among euro ministers.
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Caps for making calls will decrease from 5 euro cents per minute to 3.2 euro cents per minute, while those for sending text messages will halve to 1 euro cent from 2 euro cents as of June, said the Council.
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Volkswagen (VW) said incentives are currently being prepared for owners of models designed to meet the Euro-1, Euro-2, Euro-3 and Euro-4 emissions standards and will be on offer soon, but it did not disclose any financial details.
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They should make it harder for the euro zone to dictate terms to non-euro countries, even if Britain feels increasingly uneasy as more join the euro.
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The euro weakened as the euro zone economy showed more signs of a slowdown.
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The euro was flat at $1.1097, amid an uptick in euro zone business growth.
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Against the euro the pound was down 0.1 percent at 87.77 pence per euro.
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Euro zone bond yields and the euro fell after this article was first published.
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It was also up 0.1 percent versus the euro at 89.64 pence per euro.
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The euro zone's blue-chip Euro STOXX 50 index also stood 3.3 percent higher.
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Against a surging euro, the pound traded broadly flat at 89.47 pence per euro.
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Against the euro, the British currency added 0.7 percent to 86.93 pence per euro.
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Faurecia proposed dividend of 0.65 euro, up 86 percent from 0.35 euro year earlier.
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The euro zone's blue-chip Euro STOXX 50 index also weakened by 0.3 percent.
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Against the euro, sterling was also down 0.2 percent at 88.36 pence per euro.
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It was also 0.15 percent higher against the euro at 78.92 pence per euro.
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Against the euro, the pound was up 0.2 percent to 88.79 pence per euro.
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Against the euro, sterling was up 0.1 percent at 88.02 pence per euro EURGBP=.
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Against the euro it was down a similar amount to 88.59 pence per euro.
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The crown, which is pegged to the euro, hit 7.4235 per euro early Friday.
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The euro zone's blue-chip Euro STOXX 50 index also advanced by 0.1 percent.
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Against the euro, the pound was last up 0.1% at 87.38 pence per euro.
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Oriflame says 1.00 euro per share is ordinary dividend and 0.50 euro extra dividend.
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Downside risks for euro grow -Germany's new ECB appointee defends easy policy Euro trashed!
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Against the euro, the pound was a shade stronger at 88.635 pence per euro.
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It's in the interests of the euro zone to have a strong Italy and in the interest of Italy to have a strong euro and strong euro zone.
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"With (the euro zone's) political and economic outlook looking better, Swiss accounts could emerge as a main euro buyer, pushing the euro up across the board," they said.
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The Commission package will address ideas floated by French President Emmanuel Macron on creating a euro zone budget, a euro zone finance minister and a euro zone parliament.
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On Wednesday night, League officials literally whitewashed their anti-euro history by painting over the blue "Basta Euro," or no more euro, sign on its headquarters in Milan.
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Remember, the basic idea of the euro is that a euro in a German bank is worth the same as a euro in an Irish or Italian bank.
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Legacy euro currencies made up 17 percent of global FX reserves when the euro was launched, and a decade later the euro accounted for 27.6 percent of global reserves.
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Less than a year after the 3.1-billion-euro ($3.6 billion) IPO, Bankia reported a 3 billion euro loss, prompting a 22.5 billion euro state bailout and its nationalisation.
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Trade ex-dividend: Eni of 0.43 euro per share as 33 interim dividend; Piaggio of 0.055 euro per share as 2019 interim dividend; Sesa of 0.63 euro per share.
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Trade ex-dividend: ENI of 0.43 euro per share as 2019 interim dividend; PIAGGIO of 0.055 euro per share as 2019 interim dividend; SESA of 0.63 euro per share.
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Against the euro, the pound strengthened to 89.84 pence , from 89.94 pence per euro before.
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Sterling also fell sharply against euro, losing around 1 percent to 78.08 pence per euro.
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The euro zone's Euro STOXX 50 index and Germany's DAX also both rose 0.9 percent.
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HSBC cuts to "hold" from "buy", cuts target price to 6.8 euro from 7.30 euro.
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The union will have non-euro as well as euro members for years to come.
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Less-than-stellar economic news from the euro zone region has weighed on the euro.
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It also hit a three-year low against the euro of 21 pence per euro.
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It was also 0.3 percent higher against the euro, trading at 1.10235 francs per euro .
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The pound hit a six-week high against the euro of 77.52 pence per euro.
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It was also 0.25 percent higher against the euro at 78.82 pence pence per euro.
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The Swedish crown was down 0.3 percent against the euro to 9.914 crowns per euro.
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Against the euro, the yen was last up 0.23 percent at 129.17 yen per euro.
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The euro recouped earlier losses after Draghi underscored the risks facing the euro zone economy.
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The euro zone's blue-chip Euro STOXX 244.6 index also dropped by a similar amount.
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The euro fell as the euro zone's two largest members showed signs of a slowdown.
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Against the euro, the British currency also weakened 0.3 percent to 87.12 pence per euro.
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Against the euro, sterling was down by a similar margin at 88.30 pence per euro.
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The euro area only includes countries that have adopted the EU's common currency, the euro.
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Against the euro sterling fell 0.4 percent to trade down at 88.62 pence per euro.
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It also hit a three-year low against the euro of 13 pence per euro.
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During the euro crisis in 28503, a Greek exit from the euro was the fear.
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Versus the euro, the pound fell 0.2 percent on Thursday to 87.64 pence per euro.
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The new phones hit Europe this month, priced at 399 euro and 429 euro, respectively.
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Before there was Euro Disney the theme park, there was Euro Disney the comic books.
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Sterling hovered near a two-week low versus the euro, at 84.46 pence per euro .
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Trade ex-dividend: FNM of 1003 euro per share; OVS of 0.15 euro per share.
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Against the euro, the pound hit a two-week low of 85.17 pence per euro.
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Secondo lo Studio Rota Porta che si occupa di consulenza del lavoro, il salario minimo nel settore tessile dovrebbe attestarsi intorno ai 7,903 euro all'ora, più basso di quello di altri settori, incluso quello alimentare (8,70 euro), costruzioni (8,00 euro) e finanziario (11,51 euro).
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In addition, the Italian government's appointment on Thursday of two euro sceptics to head key finance committees reignited worries about anti-euro voices in the euro zone's third-largest economy.
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The bank raised its proposed dividend to 0.68 euro per share, up from 0.65 euro last year and a tad higher than the 0.67 euro per share seen by analysts.
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The dollar rose against the euro as the euro zone single currency was pushed lower by worries about the zone's economy, with the euro EUR= down 0.12 percent to $1.14.
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The Swiss franc reached an eight-week peak against the euro at 1.0872 francs per euro.
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Euro zone finance ministers agreed on the timeframe for Bulgaria's next steps towards the euro membership.
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World Stocks: here Euro zone shares are surfing the waves but the forecast for the euro?
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The euro, meanwhile, has been hounded by worries about the health of the euro zone economy.
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Trade ex-dividend: Cofide of 0.0145 euro per share, IVS Group of 0.30 euro per share.
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The Swiss franc reached an eight-week peak against the euro at 1.0845 francs per euro.
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But attempts to estimate euro-zone performance relative to a counterfactual world sans euro suggest not.
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Worries over global trade and tariffs continue to pressure euro zone stocks, with the Euro Stoxx .
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Some EU policymakers want euro-denominated clearing moved from London to the euro zone after Brexit.
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The euro zone's Euro STOXX 50 index fell 3.1 percent, while Germany's DAX slumped 4.3 percent.
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It was also little changed against the euro, losing 0.1 percent to 85.50 pence per euro.
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The euro was little changed after data showed underlying inflation in the euro zone remained subdued.
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Against the euro, it rose to 127.435 per euro, its strongest level since April last year.
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Indeed, euro zone or no euro zone, no EU state has an automatic claim to leadership.
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"This is not an event like a euro zone country leaving the euro zone," Balls said.
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Against the euro, sterling fell 0.8 percent to 84.95 pence per euro, its lowest since Sept.
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The euro was also ahead against the Swiss franc, rising 0.2% to 1.0863 francs per euro.
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Against the euro, the British currency was holding below a five-month high versus the euro.
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But shares opened at 400 euro, marking a 66 percent rise from the 240 euro pricing.
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Sterling also extended its fall versus the euro to 87.72 pence per euro, down 0.3 percent.
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The British currency struggled against a stronger euro, falling 0.1 percent to 89.84 pence per euro.
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The euro strengthened against the pound, with euro/sterling cross trading up 1.48 percent at 0.8770.
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Trade ex-dividend: COFIDE of 0.0145 euro per share, IVS GROUP of 0.30 euro per share.
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Euro zone bond yields tumbled and the euro weakened as a result of the new measures.
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It retained its three-, six- and 12-month euro/sterling forecasts at 87 pence per euro.
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The proposals apply to diesel vehicles meeting the older Euro 4 and Euro 5 emissions standards.
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Denmark isn't on the euro, but unlike Sweden, it has pegged its currency to the euro.
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Euro zone banking index and the wider euro STOXX indexes extended their losses, both down 8.2%.
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World Stocks: here Euro zone shares are surfing the waves but the forecast for the euro?
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The index outperformed a 0.4 percent fall on the euro zone blue-chip Euro STOXX 50.
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The dollar gained after the euro fell following dismal business survey readings from the euro zone.
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Trade ex-dividend: ATLANTIA of 225,2300 euro per share as 2225 interim dividend; BANCA MEDIOLANUM of 2100 euro per share as 240 interim dividend; MEDIOBANCA of 0.37 euro per share; RECORDATI of 0.42 euro per share as 2017 interim dividend; TENARIS of 0.13 U.S. dollars per share as 2017 interim dividend; TERNA of 0,1003 euro per share as 2017 interim dividend.
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Euro clearing must be done within the euro zone because "the euro is the EU's common currency even when not all member states of the EU have this currency", he said.
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Apart from transforming the ESM, there are ideas to set up a euro zone budget, appoint a euro zone finance minister and create a euro zone subgroup in the European Parliament.
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The dollar index rose 0.31 percent, with the euro down 0.46 percent to $2275.49, though the euro trimmed some losses as France's and Germany's leaders agreed on a euro zone budget.
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Next was an undertaking that the euro zone would not damage the wider 28-strong single market—although in return non-euro countries promised not to obstruct deeper euro-zone integration.
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Euro-zone blue-chips rose 0.7% on the day as companies that earn their revenue in dollars were boosted by a fall in the euro on concerns about euro zone growth.
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BMW gave much more information about its scooters, including pricing at 800 Euro for the E-scooter, 200 Euro for the manual City scooter, and 120 Euro for a kid scooter.
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"According to preliminary results for 2019 as a whole, the current account recorded a surplus of 362 billion euro (3.1% of euro area GDP), compared with a surplus of 359 billion euro (3.1% of euro area GDP) in 2018," the ECB said in a press release.
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Juckes said the euro could fall to as low as $1.20 but longer-term, unless the outlook for the euro zone economy changed substantially, he still saw the euro rising towards $1.30.
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Against the euro, however, it fell for the first time in four sessions, breaching 85 pence per euro as the euro zone recorded its first above-one percent inflation reading since 2013.
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A deepening political crisis in Italy, the euro zone's third-biggest economy, provoked selling of Italian assets and the euro that was reminiscent of the euro zone debt crisis of 2010-2012.
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Poland's longer-dated euro-priced bond climbed as much as 2 euro cents while the bulk of Hungarian, Romanian, and Croatian euro-denominated bonds were up between 0.3 cents and 1.1 cents. .
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Her lieutenants talk openly about wanting to leave the euro, redenominating French euro assets and debt in a new currency on a "one franc to one euro" basis, and undertaking competitive devaluations.
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The Euro Stoxx 50 index of euro-zone shares is lower than it was 20 years ago.
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Versus the euro, sterling rose 0.8 percent to 87.46 pence per euro, its strongest since Feb. 8.
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Those concerns about the euro zone growth outlook helped limit the rise in euro zone bond yields.
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With 40 percent of its business outside the euro zone, AXA's earnings benefited from a weaker euro.
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The company will pay a dividend of 13 euro cents up from 12 euro cents last year.
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The Swedish crown EURSEK=D3 was down 0.3 percent against the euro to 9.910 crowns per euro.
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But it was broadly flat on the day against a weaker euro at 89.98 pence per euro.
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It was down 0.3 percent at $1.1191 per euro, having traded as weak as $1.1208 per euro.
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The euro zone's blue-chip Euro STOXX 50 index and Britain's FTSE 100 also climbed 0.6 percent.
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The Swiss franc hit a new two-year high against the euro, touching 1.1010 francs per euro.
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During the depths of the euro crisis, it introduced rules intended to harmonise the euro area's economies.
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The euro zone's blue-chip Euro STOXX 50 index fell 0.5 percent and Germany's DAX 0.7 percent.
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The euro area is a centerpiece of the "European project," and the euro is its crowning achievement.
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The euro zone's blue-chip Euro STOXX 22010 index ended 3753 percent higher in the previous session.
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"The euro is and remains the only legal means of payment in the euro area," Scholz said.
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" On euro adoption: "From the start I have been sceptical regarding (Poland's) entry to the euro zone.
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Against the euro, it stood at 75.13 pence per euro, near Monday's 11-month low of 75.50.
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The euro nations require a political union that is ever closer for the euro to be sustainable.
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Trade ex-dividend: AMBIENTHESIS of 0.0080 euro per ordinary share; SERVIZI ITALIA of 0.16 euro per share.
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Higher euro zone yields underpinned the euro, which traded at $1.1840, having risen 0.5 percent on Tuesday.
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Some economists also chose a stronger euro as a reason for the euro zone economy to stutter.
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"The euro is and remains the only legal means of payment in the euro area," he said.
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The euro extended gains against the crown and settled at the day's high of 9.5450 per euro.
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GBP=D3 It was up 0.1 percent versus the euro at 89.61 pence per euro EURGBP=D3.
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Against the euro, the gains were more constrained, with euro/sterling last down 0.5% at 89.25 pence.
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Against the euro, the gains were more constrained, with euro/sterling last down 0.6% at 89.15 pence.
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A more substantial euro-zone budget, focused on unemployment insurance, say, could help integrate euro-zone economies.
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"The euro exchange rate will continue to ease the position of euro zone exporters," the bank said.
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They were also beaten by Portugal in Euro 2004 and by England — on penalties — at Euro 96.
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Euro zone inflation data due later this week further added to a nervous outlook for euro trading.
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Against the euro the pound also stood just under a five-month high at 0.8638 per euro.
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Sterling was also hovering near a two-week low versus the euro, at 84.42 pence per euro.
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Against the euro it was little moved but managed a small gain to 89.045 pence per euro.
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Against the euro the pound also stood just under a five-month high at 0.8638 per euro.
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Euro zone inflation numbers for September were largely weaker than expected, but the euro was little moved.
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The safe-haven Swiss franc hit a six-month high against the euro, fetching 215 per euro.
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Other needs include a budget for the euro zone, under discussion now, and creating a euro zone safe asset - a debt instrument backed by all euro zone countries - with a sufficiently deep and liquid market, an idea that now faces very strong opposition from several key euro zone countries.
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The Swedish crown was little changed against the euro at 10.737 crowns per euro and the Norwegian crown continued the losses that saw it reach a record low against the euro last week.
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That pushed the euro to a one-month high against the dollar, complicating the ECB's task of reflating the euro zone economy as a strong euro means cheaper imports that drag down inflation.
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Coca-Cola debuted in the euro market 12 months earlier with a 2 billion euro ($2.23 billion) dual-trancher and followed up with a whopping 8.5 billion euro five-note issue last February.
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Sterling edged lower to $1.2122 and was also down against the euro at 92.26 pence versus the euro.
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In their last report on the euro zone, IMF staff said they did think the euro was undervalued.
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|
Germany's DAX and the euro zone's blue-chip Euro STOXX 163 fell 0.5 percent and 0.7 percent respectively.
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It fell about 1.2 percent against the euro, hitting 86.91 pence per euro, the lowest since mid-November.
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The dollar slipped 252.25 percent against the euro to $13 per euro, after surging 21 percent on Friday.
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It fell about 1.2 percent against the euro, hitting 86.91 pence per euro, the lowest since mid-November.
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Versus the euro, the crown gained to 9.5850 crowns per euro, its highest level since mid-November 2018.
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|
Some London-based lenders may expand their euro zone operations to retain a foothold in the euro zone.
|
|
The pound rose 0.5 percent to $1.4143 and 0.3 percent against the euro to 87.715 pence per euro.
|
|
Against the euro, sterling rallied 0.4 percent to 86.32 pence per euro, its highest since late May 2017.
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Sterling also fell to its lowest in nearly 4 weeks against the euro, at 86.09 pence per euro.
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EURO ZONE: Euro zone economic growth was stronger than expected in the first quarter, data showed on Tuesday.
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European stocks and the euro fell as investors retreated to euro zone government bonds, German Bunds in particular.
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Euro-zone insurers are all but compelled to own sovereign euro bonds and Italy's market is the largest.
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The euro/Swiss franc fell 0.3 percent to 1.1616 francs per euro, its lowest level since March 23.
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Trade ex-dividend: FNM-FERROVIE NORD MILANO of 0.014 euro per share; TECNOINVESTIMENTI of 0.08 euro per share.
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Britain last year successfully challenged ECB policy saying that euro clearing houses should be in the euro zone.
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Trade ex-dividend: ASSITECA of 1003 euro per share; DIASORIN of 1.80 euro per share as extraordinary dividend.
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A firm euro has already contributed to tightening euro zone financial conditions faster than the ECB would like.
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|
The euro made a small move upwards after better-than-expected euro zone industrial production numbers for January.
|
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It fell about 1.3 percent against the euro, hitting 103 pence per euro, the lowest since mid-November.
|
|
IN 2010, AS the euro zone's sovereign-debt crisis escalated, the euro fell sharply, from $1.45 to $1.19.
|
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A violence-marred Catalonia vote fuelled anxiety over political risk in the euro zone, weighing on the euro.
|
|
The euro is expected to struggle given worries about the impact of Brexit on the euro zone economy.
|
|
Against the euro, the pound retreated to 85.45 pence per euro from Wednesday's 22-month peak at 84.725.
|
|
On equity markets, an index of euro zone stocks - which benefit from a weaker euro - jumped 0.8 percent .
|
|
The grouo's FY net profit amounted to 225 million euro from 2300 million euro in 2225 pro-forma.
|
|
It fell 1.1 percent against the euro too, hitting 86.65 pence per euro, the lowest since mid-November.
|
|
Euro investment grade issuance was just above $290 billion while high-yield euro sales stood at $23.4 billion.
|
|
At 0900 GMT sterling was up 0.1 percent versus the euro at 87.43 pence per euro EURGBP=D3.
|
|
The euro/sterling rate matters because the economic ties between Britain and the euro zone are so strong.
|
|
The dollar slipped 0.2 percent against the euro to $1.1796 per euro, after surging 0.8 percent on Friday.
|
|
In the euro zone, economists said lacklustre demand, not inadequate credit, is holding the euro zone economy back.
|
|
A violence-marred Catalonia vote fueled anxiety over political risk in the euro zone, weighing on the euro.
|
|
The euro/Swiss franc fell 0.7 percent to 1.1601 francs per euro, its lowest level since March 6.
|
|
Commentators blamed the recent strengthening of the euro, which makes German goods more expensive outside the euro zone.
|
|
The drop in the dollar benefited the euro by overshadowing concern about weakening growth in the euro zone.
|
|
Against the euro, the pound was last up a third of a percent at 87.74 pence per euro.
|
|
But the euro zone's benchmark bond issuer sold just 23 million euros, versus a 2 billion-euro target.
|
|
For years, the Five Star Movement promulgated euro-skepticism, and initially promised a nonbinding referendum on the euro.
|
|
The zloty lost 0.14% against the euro and the Romanian leu was stable at 4.8105 to the euro.
|
|
The U.S. dollar hit a four-month low against the euro amid optimism about the euro zone economy.
|
|
Sterling also lost ground to the euro, last down over half a percent at 88.45 pence per euro.
|
|
The euro fell 1 percent against the dollar, on fears that a Brexit could damage the euro zone.
|
|
Higher euro zone yields underpinned the euro, which held steady at $1.1835, after rising 0.5 percent on Tuesday.
|
|
But against the euro sterling fell 0.2 percent to 88.24 pence per euro, its weakest since mid-March.
|
|
"We favor the euro zone and the U.S., but predominantly the euro zone looks very interesting," he said.
|
|
In currencies, the euro fell as worry grew about political fallout in Germany and other euro zone countries.
|
|
It also strengthened against the euro, reversing earlier losses to add 0.2 percent to 85.245 pence per euro.
|
|
Versus the euro, sterling held its own and was unchanged on the day at 87.695 pence per euro.
|
|
The commodity-heavy index outperformed a 0.8 percent fall on the euro zone blue-chip Euro STOXX 50.
|
|
But the 200 euro note, considerably more valuable than the $100 bill, remains the least common euro note.
|
|
The euro EUR= advanced to a three-year high of $1.2415 per euro on Wednesday, Reuters data showed.
|
|
The euro held steady at $1.1284 and euro zone stocks rose to their highest in over a year.
|
|
"Given the high sensitivity of markets to the ECB, this should support the euro and the euro zone banking sector, while exerting upside pressure on euro zone bond yields," he said in a note.
|
|
"We think a stronger euro would not be an impediment for regional equities and, in fact, believe the euro will turn positively correlated to euro zone equities, no matter the election outcome," it said.
|
|
"If euro zone member states are not capable of taking certain steps forward in the coming months, we risk weakening the euro and seeing new fractures emerge in the euro zone," Le Maire said.
|
|
BRUSSELS (Reuters) - The euro zone economy is slowing mainly as a result of political risks which euro zone politicians should address, the chairman of euro zone finance ministers Mario Centeno told reporters on Monday.
|
|
He claimed this could be achieved by accepting that the euro as a currency has many unresolved problems and that the two-tier status of euro zone and non-euro zone countries should end.
|
|
CEST The prices for the devices have been announced and are as follows: Huawei P20 Pro with 6GB/128GB is 899 euro ($1,115), Huawei P63 with 4GB/128GB is 649 euro ($805), Porsche Design Huawei Mate RS is 1,695 euro ($2102) with 6GB/256GB and 2095 euro ($2596) with 6GB/512GB.
|
|
Asked about how euro and non-euro countries will co-exist in future, one senior official in Paris notes that, after Brexit, nearly 90% of the union's GDP will be generated by the euro zone.
|
|
A deepening political crisis in Italy, the euro zone's third-biggest economy, fuelled a heavy selloff in Italian assets and the euro on Tuesday, in a throwback to the euro debt crisis of 23-25.
|
|
A deepening political crisis in the euro zone's third biggest economy has fueled a selloff in Italian assets and the euro on Tuesday that was reminiscent of the euro zone debt crisis of 2010-2012.
|
|
A deepening political crisis in Italy, the euro zone's third biggest economy, fuelled a selloff in Italian assets and the euro on Tuesday that was reminiscent of the euro zone debt crisis of 2010-2012.
|
|
The Swiss franc rose to its strongest against the euro since July 2017, climbing to 1.1157 franc per euro.
|
|
The euro zone's blue-chip Euro STOXX 50 index climbed 0.5 percent and Britain's FTSE 100 advanced 0.3 percent.
|
|
The euro, meanwhile, was little changed against the dollar, at $1.1086 amid an uptick in euro zone business growth.
|
|
In Japan and the euro area, where underlying inflation is lower (see chart), the yen and euro have weakened.
|
|
Even before the Brexit referendum in June the ECB had sought to move euro clearing into the euro area.
|
|
The euro was off 20.21 percent for the week at $21 as euro zone economic figures continued to disappoint.
|
|
The Euro Stoxx 50 of big euro-zone shares is no higher now than it was 20 years ago.
|
|
"Its position on the euro is essentially ambiguous," said Riccardo Puglisi, a pro-euro economics professor at Pavia University.
|
|
The euro was also hurt after the voting in Catalonia fueled anxiety over political risk in the euro zone.
|
|
The strength of the euro is bad news for a country that exports a lot outside the euro zone.
|
|
SPX year-end target to 2,000 points from 2,150, and their target on the euro zone's Euro Stoxx 50 .
|
|
Sterling slipped 0.1 percent to $1.2915, while versus the euro it fell 0.1 percent to 87.59 pence per euro .
|
|
The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX index both fell 2 percent.
|
|
But the franc's annual 20163 percent gain against the euro saw euro zone exports drop a nominal 6.7 percent.
|
|
Against the euro, it hit a three-week low of 22014 pound per euro and last stood at 0.72403.
|
|
The euro has been strong for much of this year, making German exports outside the euro zone more expensive.
|
|
Against the euro, it hit one-month low of 0.8722 to euro on Thursday and last stood at 0.8664.
|
|
It fell half a percent against the euro to 86.47 pence per euro but later rebounded to 86.13 pence.
|
|
The European Central Bank has wanted clearing houses for euro-denominated financial contracts to shift to the euro zone.
|
|
Versus the euro, sterling fell back from 87.778 pence per euro to trade up 0.1 percent at 87.82 pence.
|
|
Between 2011 and 2015 the euro area's trade surplus rose from just 0.1% of euro-zone GDP to 3.7%.
|
|
As euro zone bond yields rallied, the euro surged to as high as $1.1434, its strongest since May 20.23.
|
|
And any shift in focus to the euro-zone core raises the ire of the nine non-euro countries.
|
|
It performed even better against the euro, rising half a percent to 87.84 pence per euro at one point.
|
|
Against the euro, it rose to 88.155 pence per euro before settling up half a percent at 88.21 pence.
|
|
The euro area economy will do well, and the euro assets will remain among the most attractive investment outlets.
|
|
Other countries believe there should be additional contributions from the euro zone countries to boost the euro area's budget.
|
|
The ban would be extended to Euro-5 diesels from next September, but not to newer, Euro-6 models.
|
|
Sterling was up 0.4 percent at $1.3251, while against the euro it was higher at 83.40 pence per euro .
|
|
The euro extended its rally against the Swiss franc, and was last up 0.4% at 1.0919 francs per euro.
|
|
As euro zone bond yields rallied, the euro surged to as high as $20.11, its strongest since May 20.3.
|
|
Euro zone bond yields' rise had overshadowed the "flash" release of September euro zone inflation earlier in the session.
|
|
Against the euro, the franc fell to 1.0787 francs per euro before trimming some gains to around 1.0767 francs.
|
|
Against the euro, the pound was also at a five-month high, last 1.34% stronger at 0.863 per euro.
|
|
Euro under pressure: The euro dropped 0.5% against the US dollar after data signaled trouble for the eurozone economy.
|
|
A weakening euro EUR= has supported the exporter-heavy German index, as well as the broader euro zone STOXX .
|
|
However, it rose 0.3% to 88.595 pence per euro on Friday, after the euro slipped back across the board.
|
|
Weaker-than-forecast Ifo business sentiment data, in addition to Draghis acknowledgement of a recent softening in euro zone data unnerved euro traders, sending the euro lower, said Fiona Cincotta, senior market analyst at City Index.
|
|
Against the euro, which has rallied since minutes from the European Central Bank on Thursday pointed to tighter monetary policy in the euro zone, sterling was up 0.8853 percent at 88.64 pence per euro EURGBP=D3.
|
|
Concerns about the euro zone economy have also contributed significantly to franc gains versus the euro, handing a 20203%-plus profit to hedge funds that piled into the franc and sold the euro a month back.
|
|
Against the euro the pound had earlier fallen 0.2 percent to 87.475 pence per euro before recovering to trade flat.
|
|
Against the euro too, sterling performed well, adding 0.4 percent to 85.15 pence per euro after earlier touching 84.755 pence.
|
|
Most euro zone governments oppose it on concerns of losing full control over the funds' 500 billion euro lending capacity.
|
|
Higher euro zone yields underpinned the euro, which inched up 0.1 percent to $1.1847, after rising 0.5 percent on Tuesday.
|
|
Some in the market say the euro could fall sharply if far-right anti-euro candidate Marine Le Pen wins.
|
|
The euro, meanwhile, edged higher against the dollar, up 0.1% at $0.453, amid an uptick in euro zone business growth.
|
|
But it weakened against the euro by half a percent, to 87.46 pence, thanks to a broad-based euro bounce.
|
|
In currency markets, the dollar rose against the euro, boosted by technical factors after the euro hit key resistance levels.
|
|
Against the euro the pound was little changed at 89.72 pence per euro, leaving it down 0.3% on the week.
|
|
The following year, he and his new economic adviser set off on a "Basta euro" (roughly, "dump the euro") tour.
|
|
Then there's the so-called "euro premium", the money governments have saved due to euro membership bringing down borrowing costs.
|
|
The euro zone's blue-chip Euro STOXX 50 index also declined by 2.5 percent, while Germany's DAX slumped 3.4 percent.
|
|
Long before Britain voted to leave the EU, the ECB attempted to force euro-derivatives clearing into the euro area.
|
|
Trade ex-dividend: ASSITECA of 1003 euro per share; ZEPHYRO of 0.30 euro as special dividend (not for 'special shares').
|
|
But the euro has rebounded since, supported by upbeat euro zone economic indicators and a slight ebb in Catalonia concerns.
|
|
Growth forecasts for the euro zone were slashed for this year and new loans to euro zone banks were announced.
|
|
The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index both fell 0.5 percent.
|
|
The Swiss franc rose 1.53 percent against the dollar and the euro to 0.9979 per dollar and 1.1350 per euro.
|
|
Sterling rallied 0.6 percent to $1.4047, while against the euro the pound rose 0.3 percent to 87.79 pence per euro.
|
|
Law-enforcement agencies in the euro zone have raised concerns about the use of 500 euro notes in criminal activity.
|
|
Data showing underlying inflation in the euro area remains subdued prevented a deeper sell-off in euro zone bond markets.
|
|
Euro zone exporters, which make most of their revenues in dollars, typically get an accounting boost with a weaker euro.
|
|
The Swiss franc gained broadly, hitting a one-month high on the euro at 1.09165 franc per euro on Tuesday.
|
|
Trade ex-dividend: ASTM of 0.214 euro per share as 1003 interim dividend; DIGITAL BROS of 0.15 euro per share.
|
|
The FTSE 23.7 shed 21.3 percent, outperforming the bigger losses suffered by euro zone benchmarks due to a strengthening euro.
|
|
The continuing uncertainty in the euro zone's third biggest economy also helped the euro tumble to fresh multi-month lows.
|
|
Given that, a merger of the 7.7 billion euro Commerzbank and 17.8 billion euro Deutsche Bank would make some sense.
|
|
Versus a broadly weaker euro, sterling held its own and was unchanged on the day at 87.695 pence per euro.
|
|
Gallo believes that euro zone's central bank could be about to tighten policy, thus strengthening the euro against the greenback.
|
|
The fear was a spate of victories for hard right, anti-euro populist parties which would threaten the euro project.
|
|
It fell as much as 0.7 percent against the euro to 87.85 pence, last trading at 87.48 pence per euro.
|
|
The euro gained 0.24 percent to $1.1504 as the dovish Fed overshadowed concerns about weakening growth in the euro zone.
|
|
It retained its forecast for euro/sterling at 87 pence per euro over the next three, six and 12 months.
|
|
Euro zone bond yields, notably those of German bunds, fell amid the cloudy European economic outlook, weighing on the euro.
|
|
But it weakened against the euro by half a percent, to 87.51 pence, thanks to a broad-based euro bounce.
|
|
Macron and others have called for the euro zone budget to be up to several percent of euro zone GDP.
|
|
European stocks and the euro both fizzled after euro zone manufacturing data showed the sharpest contraction in almost seven years.
|
|
Forecasts suggested sterling would strengthen against the euro but, instead, the euro is up nearly 5 percent higher since January.
|
|
It was up a similar amount against the euro and sterling at $1.0390 per euro and $1.2213 to the pound.
|
|
On the data front, forecast beating surveys in the euro zone's two biggest economies supported the euro against the dollar.
|
|
The 86-billion-euro bailout, the third programme for Greece since 2010, is now funded only by euro zone governments.
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Right now a euro in an Italian bank is worth exactly the same as a euro in a German bank.
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By making imports cheaper and exports dearer, a stronger euro jeopardises a timid recovery in euro zone inflation just as the ECB prepares to phase out its 2.55 trillion euro money-printing programme later in the year.
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The Commission proposed creating cash incentives for countries for structural reforms and special funds for non-euro economies, all of which - except Denmark - are obligated to adopt the euro at some point, to prepare for euro adoption.
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But euro zone countries also want to have a separate euro zone budget, which would serve as a fiscal tool to intervene in the euro zone economy alongside the single monetary policy of the European Central Bank.
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Euro zone lenders may consider replacing more costly IMF loans to Greece with cheaper euro zone credit and transfer profits made from a portfolio of Greek bonds bought by euro zone national central banks back to Athens.
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THUS, EXISTING SHAREHOLDERS CAN SUBSCRIBE FOR UP TO 520,468 SHARES * THE SUBSCRIPTION PRICE PER SHARE IS SET AT 1.02 EURO (1 EURO NOMINAL VALUE PLUS 0.02 EURO PREMIUM) Source text for Eikon: Further company coverage: Gdansk Newsroom
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By making imports cheaper and exports dearer, a stronger euro jeopardizes a timid recovery in euro zone inflation just as the ECB prepares to phase out its 2.55 trillion euro money-printing program later in the year.
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The Commission also wants the future euro zone finance minister, who would be in charge of the euro zone budget and chair monthly euro zone finance ministers' meetings, to be at the same time a senior Commission official.
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London accounts for 69 percent, or $928 billion, of the off-exchange euro-denominated interest rate derivatives market and President Francois Hollande of France has said clearing in euro-denominated contracts should be moved to the euro zone.
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That could increase Berlin's reluctance to accept any far-reaching euro zone reforms such as a substantial euro zone budget to stabilize economies since the SPD is seen as more enthusiastic towards euro zone integration than Merkel's party.
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The one-month euro/Swiss franc risk reversal — which shows demand for options betting on more gains or losses — shows a slight bias for euro weakness after showing a bias for euro strength less than two weeks ago.
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Investors will also be eyeing euro zone industrial production numbers due at 1000 GMT, which are expected to confirm the gloomy outlook for the euro zone economy before euro zone and German gross domestic product readings on Thursday.
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"With today's proposal we are granting citizens and businesses in non-euro area countries the same conditions as euro area residents when making cross-border payments in euro," the vice-president of the European Commission, Valdis Dombrovskis, said.
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Italians were strongly pro-euro when the single currency was launched in 1999, but since then Italy has been the most sluggish euro zone economy and many blame the euro for their falling living standards and high unemployment.
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Investors will also be eyeing euro zone industrial production numbers due at 1000 GMT, which are expected to confirm the gloomy outlook for the euro zone economy before euro zone and German gross domestic product readings on Thursday.
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With more than 90 percent of the euro-denominated derivatives business of euro zone banks cleared via Britain-based firms, Yves Mersch said the Eurosystem risked losing control of a key factor for the stability of the euro.
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The euro lost steam after soft euro zone economic data and comments from European Central Bank policymakers flagging low underlying inflation.
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The pan-European FTSEurofirst 06003 index and the euro zone's blue-chip Euro STOXX 50 index both rose around 0.6 percent.
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LUXEMBOURG (Reuters) - Euro zone finance ministers reached a deal on debt relief for Greece, two euro zone officials said on Friday.
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"There will be a euro zone budget or else there will one day no longer be a euro zone," he said.
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Belka also said that Poland should join the euro zone at the euro rate to zloty close to the current one.
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Euro 2016 Euro 2016, the second biggest soccer tournament after the World Cup, is getting attention for all the wrong reasons.
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Euro-zone stocks trimmed their gains slightly and were last up 0.1 percent after the drop in the euro boosted shares.
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The pound was still down 0.2 percent against the euro and yen at 85.84 pence per euro and 141.78 yen respectively.
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Against the euro, the franc stood at 1.06810 per euro , just below its 33-month high of 1.0666 touched last week.
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Heavily weighted toward the euro, the U.S. dollar was also down about 0.2% against the euro, which was at $1.1391 Monday.
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It stood well above a 289 billion euro peak reached in August 2012 at the height of the euro zone crisis.
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Versus the euro, sterling climbed as much as 0.8 percent to 87.455 pence per euro, its best level since Feb. 8.
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Jazbec played down this threat, arguing that the strong euro was "a reflection of robustness of growth" in the euro zone.
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The rise in euro zone bond yields came after sharp falls on Thursday, following weaker-than-expected euro zone inflation data.
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"The reason why the euro has been relatively well-bid is because a lot of people trade euro/sterling," he said.
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The pan-European FTSEurofirst 300 index was flat, while the euro zone's blue-chip Euro STOXX 50 index advanced 0.1 percent.
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The lek stood at 137.28 lek to the euro at end-2015 and at 132.95 to the euro at end-2017.
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French President Francois Hollande wants clearing of euro denominated securities shifted to the euro zone, an activity currently dominated by London.
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But euro zone bond yields, notably those of German bunds, fell amid the cloudy European economic outlook, weighing on the euro.
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Coeure's comments on Friday saw euro zone banking shares jump over 3 percent, the euro fall and Italy's bond yields tumble.
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Investors in the euro are also focused on the European Central Bank's economic assessment of the euro zone, due on Thursday.
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The euro fell as Draghi underscored the risks facing the euro zone economy, allowing the dollar some respite from recent selling.
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It edged up against the euro to $1.1157 per euro but was little changed at 108.48 to the safe-haven yen.
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Central Europe's most liquid currency, the zloty was stuck at 210.38 versus the euro, with the euro/dollar cross little changed.
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EDF proposed a 2093 euro a share dividend, corresponding to a 60 percent payout ratio and beating forecasts for 0.31 euro.
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Macron would also like to see a euro zone finance minister in charge of the euro budget and the bailout fund.
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FRANKFURT (Reuters) - The euro zone's top three investment banks are facing an 11 billion euro ($12.40 billion) question from their supervisor.
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In early London trade, the euro fetched $251.38, down 21 percent as euro zone inflation data came in softer than forecast.
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The head of at least one euro-zone bank fears it would become much harder to clear euro transactions in London.
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The euro, however, has not followed suit as the currency markets focused more on potential political turbulence in the euro zone.
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The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index were both down 0.4 percent.
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SimCorp also said it would pay 0.84 euro per share in dividend for 2017, up from 0.71 euro the year before.
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The dollar held steady at $113.13 and flat versus the euro at $1.1864 The euro was barely budged at 134.21 yen.
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Euro zone private sector growth slowed in July to its weakest in 244.91 months, according to the euro zone PMI data.
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Against the euro, the pound fell as much as 3.5% to 94.33 pence per euro, its lowest level since March 483.
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Against the euro, the pound fell as much as 3.5% to 94.33 pence per euro, its lowest level since March 483.
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Mediolanum said it would book a 67 million euro impairment on its Mediobanca shares, which it valued at 9.826 euro each.
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Mediolanum said it would book a 67 million euro impairment on its Mediobanca shares, which it valued at 9.826 euro each.
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The euro is being watched closely by the ECB as it debates the future of its 2.3 trillion euro stimulus scheme.
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The safe-haven Swiss franc held firm, hitting 1.0840 franc per euro, its highest level against the euro in three months.
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The euro, which has been dogged by worries about the dismal state of the euro zone economy, shed 0.5% on Wednesday.
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Our stance on Europe, on the euro, is that we want to remain part of the EU and the euro zone.
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"If many of the U.S. issuers come in euro format, it's easier for (insurers) to buy euro investment-grade," Martin said.
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The pound traded flat at $1.3806 against the dollar, and down 0.1 percent versus the euro at 89.320 pence per euro .
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Bulgaria, which hopes to join the euro zone's "waiting room" next spring, has pegged its currency, the lev, to the euro.
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VOLKSWAGEN - Credit Suisse starts with "outperform" rating; 212 euro target price DAIMLER - Credit Suisse starts with "neutral" rating; 79 euro target price PORSCHE - Credit Suisse starts with "outperform" rating; 96 euro target price BMW - Credit Suisse starts with "outperform" rating; 126 euro target price Dow Jones +0.2 pct, S&P 500 +0.1 pct, Nasdaq unchanged at close.
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BRUSSELS (Reuters) - Political instability in Italy makes life more difficult for Italy and the whole euro zone, but is not the start of new euro zone crisis, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Monday.
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Many euro zone finance ministers will participate in the spring meetings of the IMF in Washington on April 15-17, including all the biggest euro zone members, as well as top representatives of all the key euro zone institutions.
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The euro rose 1.2 percent overnight as exit polls showed Rutte fending off Wilders anti-Islam and anti-EU party, easing worries about the progress of right wing populists across the euro zone, many of whom oppose euro membership.
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"However, we also expect limited downside in the euro, because weaker than expected euro zone data have had only a limited negative impact on the euro, suggesting that most of the weakness is reflected in the price," Boele said.
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"However, we also expect limited downside in the euro, because weaker-than-expected euro zone data have had only a limited negative impact on the euro, suggesting that most of the weakness is reflected in the price," she said.
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Trade ex-dividend: STMICROELECTRONICS of 1003 euro US dollar per ordinary share as quarterly dividend; ZEPHYRO of 0.30 euro per ordinary share.
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The European Central Bank's first attempt at shifting euro clearing to the euro zone was shot down by the bloc's top court.
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The euro zone's third largest economy is a major threat to (and potential failure of) the euro zone, TS Lombard's Fraser said.
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A surging euro makes the ECB's job tricky — the ECB's latest projections assumed the euro would be valued at $1.17 this year.
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Disney swapped its own stock for the Euro Disney shares, increasing its stake in Euro Disney to 85.7 percent from 76.7 percent.
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Recent euro strength has weighed on earnings expectations for euro zone corporates, particularly those most dependent on exports such as industrials firms.
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Finally, the euro zone's newfound political stability is also reassuring investors, after populist, euro skeptic parties largely failed to make much headway.
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The dollar was up 0.1 percent against the euro at $1.0641, ahead of euro zone flash inflation data due at 1000 GMT.
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Data showed euro zone consumer confidence jumped much more than expected in January, underlining the strong momentum in the euro zone economy.
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The dollar also tumbled against the euro, with the euro hitting its highest against the dollar in two and a half weeks.
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The pound strengthened against the euro to 88.28 pence, having hit a four-month low of 89.025 pence per euro on Monday .
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Elsewhere, the safe-haven Swiss franc eased against the euro to 1.0889 per euro from last week's six-month high of 1.07765.
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The U.S. data lifted the dollar against the euro, which again helped European stocks since a weaker euro typically benefits European exporters.
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The MateBook 14 will start at 1,199 euro for a Core i5 model, while the Core i7 version will cost 1,499 euro.
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Meanwhile, the U.S. dollar rose to a 225-month high as souring confidence measures in the euro zone weighed on the euro.
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England suffered one of the most embarrassing defeats in Euro history yesterday when Iceland -- yes, Iceland -- knocked it out of Euro 2016.
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That indicated that investors are strongly favouring puts — bets the euro will fall — over calls, which pay out if the euro rises.
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He has received 600,000 euro from High-Tech Gründer-Fonds and he put another 300,000 euro of his own into while bootstrapping.
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The pan-European FTSEurofirst 300 index advanced 0.1 percent while the euro zone's blue-chip Euro STOXX 50 index rose 0.3 percent.
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Carinthia's initial offer was at 225 cents in the euro for senior instruments and 1323 cents in the euro for subordinated debt.
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Coeure's comments on Friday saw euro zone banking shares jump more than 3 percent, the euro fall and Italy's bond yields tumble.
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The euro is in the hands of the European Central Bank, and no member country now has an overwhelming anti-euro constituency.
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Hungary reported a 210.14 million-euro surplus in its January trade balance on Monday, below forecasts for a 211.74 million-euro surplus.
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The Swiss franc also tumbled to its lowest levels against the euro in 18 months, weakening 0.6 percent to 1.1154 per euro.
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Denmark has also opted out of the common euro currency, but its crown currency has been pegged to the euro for decades.
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The pan-European FTSEurofirst 210 index rose 232 percent, while the euro zone's blue-chip Euro STOXX 21.893 index advanced 0.2 percent.
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Trump's troubles have hit the dollar, at the same time the euro is surging on an improved view of the euro zone.
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The euro remained under pressure a day after European Central Bank President Mario Draghi made glum comments on the euro-zone economy.
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The British currency was largely unchanged versus the euro, at 88.76 pence per euro, after earlier weakening to a three-week low.
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Softer-than-expected economic news from the euro zone and Britain also helped the dollar against the euro and sterling, Esiner said.
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" On euro: "If we were to enter the euro fulfilling the conditions, then immediately, without the ERM2 mechanism and tempting speculation funds.
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Some of the dollar's gains in April came against the euro, on growing concerns about a slowdown in the euro zone economy.
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The pan-European FTSEurofirst 300 index rose 0.4 percent, while the euro zone's blue-chip Euro STOXX 50 index advanced 0.6 percent.
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FRANKFURT (Reuters) - A strong euro and higher funding costs would have a 13 million euro ($553 million) impact on Deutsche Bank (DBKGn.
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The foundations of the euro zone's markets and economy are the strongest they've been since the global financial and euro debt crises.
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Data on Tuesday showed that surprisingly strong growth in France supported stable euro zone private business activity during August, underpinning the euro.
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The pan-European FTSEurofirst 300 index rose 0.5 percent, while the euro zone's blue-chip Euro STOXX 50 index advanced 06003 percent.
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Softer-than-expected economic news from the euro zone and Britain also helped the dollar against the euro and sterling, he said.
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In line with the day's broader pullback, sterling dipped 0.6 percent against the euro to leave it at 86.80 pence per euro.
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The euro has been bolstered by buoyant euro zone growth this year, outpacing its trading peers like Britain and the United States.
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Payments take 10 seconds or less to process and cost the payment provider a fifth of a euro cent, or 0.002 euro.
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Engie said it would pay a 1.0 euro per share dividend for 2015 and 2016 and 0.70 euro for 2017 and 2018.
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Overall, the data reflected continued buying of euro zone bonds, with 901.8 billion yen worth of euro-denominated bonds purchased in March.
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The pound strengthened against the euro to 88.42 pence, having hit a four-month low of 89.025 pence per euro on Monday .
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The dollar was up half a percent against both the euro and the Japanese currency, at $1.1161 per euro and 110.080 yen.
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With a euro-sceptic government in Italy, the euro zone's third biggest economy, they could be effectively frozen, officials and economists said.
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Euro-dollar 1-month implied volatility: here The euro has soared towards $1.13 this week, up from less than $1.08 last month.
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Given such monetary tightening isn't expected for years, investors' reaction was to push down the euro and euro zone government bond yields.
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Lagardere suspended on Wednesday its market guidance for 2020 and revised its dividend to 1 euro ($1.10) per share from 1.30 euro.
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Euro-dollar three-month swaps narrowed sharply from their widest levels since early 2011, the height of the euro zone debt crisis.
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The dollar fell as the euro jumped after European Central Bank President Mario Draghi made positive comments about the euro zone economy.
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The single currency trimmed gains after Euro zone inflation unexpectedly slipped in April, while Euro zone bond yields hit two-week lows.
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The Swiss franc reversed most of its earlier gains against the euro with the currency trading flat at 1.0764 francs per euro.
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The euro stood at $1.1107, near a one-month high of $1.11165 set on Wednesday, lifted by firmer euro zone economic data.
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DXY rose 0.15 percent, with the euro EUR= down 22.7762 percent to $22.796, the euro zone single currency's lowest since mid-July.
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In early afternoon London trade, the euro fetched $27 , down 20.6 percent as euro zone inflation data came in softer than forecast.
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Abertis Infraestructuras says accepted for purchase 140.2 million euro notes of french unit belonging to 1.50 billion euro issue due in 2021.
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The pan-European FTSEurofirst 300 index fell 0.3 percent, while the euro zone's blue-chip Euro STOXX 50 index fell 0.2 percent.
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That occurred after European Central Bank President Mario Draghi presented a relatively confident outlook for the euro zone economy, boosting the euro.
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The SNB in January 2015 abruptly abandoned its policy of keeping the euro/Swiss franc exchange rate EURCHF= above 1.20 per euro.
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The initial ideas included the creation of a large euro zone budget financed by dedicated taxes and national contributions, a euro zone finance minister in charge of it and a euro zone assembly in the European Parliament for democratic control.
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"If the June Euro Summit fails to take the necessary decisions, I fear the momentum will be lost," Moscovici said, referring to a meeting of euro zone leaders that is to give political direction to further work on euro zone changes.
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Dijsselbloem and euro zone finance ministers he chairs are instrumental in preparing a summit of euro zone leaders on Dec 15th which is to set the direction for further work on euro zone economic integration over the next six months.
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The court ruled that Frankfurt must ban from next February diesel cars that meet Euro-4 and older emission standards, and petrol cars that meet Euro-1 and 2 standards, while Euro-5 diesels must be banned from next September.
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"We expect sterling to weaken versus the U.S. dollar in 2017 but to strengthen versus the euro - this is because euro zone political uncertainty will weigh on the euro across the board," wrote ABN Amro strategists in a research note.
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At the same time the 19 countries sharing the euro want to integrate more deeply in economic terms, by giving more powers to their bailout fund ESM, setting up a euro zone budget and a euro zone-wide deposit insurance scheme.
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The roll-out of a 1.5-trillion-euro money printing program in the euro zone helped depress the euro and strengthen the franc, requiring Switzerland to embark on costly interventions on the currency market to stop the franc becoming too strong.
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Some clearing industry officials say LCH's euro repo and euro government bond clearing in London could shift to its Paris unit to soften the ECB's stance, in a bid to leave euro rate swaps clearing intact in the UK capital.
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"If the June Euro Summit fails to take the necessary decisions, I fear the momentum will be lost," he said, referring to a meeting of euro zone leaders that is to give political direction to further work on euro zone changes.
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Ford announced it will pay owners of vehicles with Euro-1, Euro-2 or Euro-3 emission-standard engines a bonus of between 2,000 and 8,000 euros ($2,103 to $9,394) if they trade in their old cars by end of 2017.
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Charlie Bean, a former deputy governor of the Bank of England, said he expected euro zone policymakers to mandate that clearing in euro-denominated financial transactions, which is dominated by the City of London, is shifted to the euro zone.
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WASHINGTON (Reuters) - Euro zone governments need to feel market pressure to set the right economic policy, the chairman of euro zone finance ministers Jeroen Dijsselbloem said, backing an idea of creating a sovereign debt restructuring mechanism in the euro zone.
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Moscovici said economic indicators clearly pointed to growing divergence among euro zone economies as Italy's public debt was twice that of Germany, Germany's current account surplus was twice the euro zone average and German unemployment was half the euro zone average.
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Positive euro zone economic data - economic growth in the euro zone is on its best run in a decade - has helped the euro, and investors globally wanting exposure to the economic recovery in the region have piled into European assets.
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The euro zone bailout fund's approval is necessary because under the lending deal Athens has with the euro zone, if it wants to repay early any creditors it has to offer proportionately the same deal to the euro zone as well.
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The euro zone bailout fund's approval is necessary because under the lending deal Athens has with the euro zone, if it wants to repay early any creditors it has to offer proportionately the same deal to the euro zone as well.
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Positive euro zone economic data - with economic growth in the euro zone is on its best run in a decade - has helped the euro, and investors globally wanting exposure to the economic recovery in the region have piled into European assets.
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The officials, including the central bank, say that adopting the euro is the best choice for a country whose most important trading partners are in the euro zone and where some 80 percent of currency savings are denominated in the euro.
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His 800-euro pension was cut to 650 euro during the crisis, and now, he says, he financially supports two children and grandchildren.
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EURO ZONE: Manufacturing activity in the euro zone contracted for a fourth month in May and at a faster pace, a survey showed.
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But euro zone finance ministers, meeting in Brussels to discuss the latest economic outlook for the 19 countries sharing the euro, appeared unruffled.
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There has been a 15 percent-a-year rise in the amount of euro-denominated debt issued by companies outside the euro bloc.
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It climbed as high as $1.2496, and pushed its way towards a two-week high against the euro at 86.20 pence per euro.
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A stronger euro will also help the tourism sector and remittances from the 4.5 million Moroccans living abroad, mostly in the euro zone.
|
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Euro zone leaders generally agree one aim of deeper integration is to better protect the 19 countries using the euro from financial crises.
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"This time around both sides can contemplate Greece leaving the euro," Claus Vistesen, euro zone economist at Pantheon Macroeconomics, told CNBC on Thursday.
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He has called for a euro zone finance minister and a euro zone parliament that would supervise a standalone budget for the bloc.
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It also dragged the euro into negative territory as investors took fright at turmoil in one of the euro zone's biggest trading partners.
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The pan-European FTSEurofirst 300 index closed up 0.5 percent while the euro zone's blue-chip Euro STOXX 06003 index advanced 0.6 percent.
|
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The pan-European FTSEurofirst 300 index declined by 0.7 percent, while the euro zone's blue-chip Euro STOXX 50 index fell 0.6 percent.
|
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The pound was down by 0.3% both against the dollar and the euro, last at $1.2092 and at 91.55 pence against the euro.
|
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The role of the euro, the other logical option, is constrained by existential political risk and the scarcity of safe euro-denominated bonds.
|
|
That, combined with strong Chinese export and euro zone industrial production data on Friday has lifted global equities, bund yields and the euro.
|
|
The euro was steady at $1.15840, while sterling gained 0.5 percent against the dollar and the euro after British labour data beat expectations.
|
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The euro dipped after Reuters reported that some European Central Bank policymakers doubt whether growth will rebound in the euro zone as projected.
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CRUCIAL GDP In currencies, the euro was off 1 percent for the week at $1.1133 as euro zone economic figures continued to disappoint.
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LCH itself claims the result would be a larger euro-denominated market outside the EU and a smaller, less-liquid euro-area market.
|
|
Clearnet in London, to shift to the euro zone, and a euro zone buyer of Clearnet could go some way to achieving that.
|
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The 13 euro-denominated bonds were down 14.9 cents at 51.5 cents in the euro at their lowest on record, according to Tradeweb.
|
|
Elsewhere, the pound was down 0.1% both against the dollar and the euro, last at $1.2088 and at 91.25 pence against the euro.
|
|
The pound was down by 0.5% both against the dollar and the euro, last at $1.2076 and at 91.77 pence against the euro.
|
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UBS Wealth Management's Tan said the euro will probably rise over the next several months, supported by the euro zone's improving growth momentum.
|
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The parties that favour giving up the euro blame Italy's chronically slow growth in part on the constraints of euro zone fiscal rules.
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He galvanised support with a fiercely anti-euro message and ran at the last European elections in 2014 under the slogan: "No Euro".
|
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The euro weakened against the dollar under the weight of recent weakness in the euro zone economy and worries about fallout from Brexit.
|
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The euro weakened slightly to $1.1420 after data showing euro zone business growth almost stalled in January but the bigger moves were elsewhere.
|
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In Reaktion auf die weltweite Finanzkrise und die Euro-Schuldenkrise hat die Euro-Notenbank ihren Leitzins auf das Rekordtief von 0,0 Prozent gesenkt.
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Against a euro buoyed by European Union leaders agreeing a deal on migration, the pound slipped 0.3 percent to 88.655 pence per euro.
|
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The Polish currency has gained about 7 percent versus the euro since early December and traded at 4.1899 per euro by 1526 GMT.
|
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PMI data showed euro zone manufacturing contracting for the sixth straight month, dragging the euro to a two-month low against the dollar.
|
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But amidst broad selling of the euro on Wednesday, sterling recouped some losses to trade 0.7 percent higher at 92.05 pence per euro.
|
|
Against the euro, the pound stood at 85.11 pence to the euro , after having hit a two-month high of 84.89 on Monday.
|
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Assuming she fails, euro zone assets could enjoy a "substantial" relief rally, with the euro immediately jumping up to 2 percent, UBS said.
|
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Romania's leu also firmed, by 211.74 percent to 211.72 versus the euro, rebounding from multi-week lows against the euro and the zloty.
|
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But euro zone bond yields, notably those of German bunds, fell amid the cloudy European economic outlook, and that weighed on the euro.
|
|
The euro, which has struggled this month as worries grew about the state of the euro zone economy, slipped 0.33 percent to $1.1334.
|
|
We also want a stable euro zone and strong external border protection ... The euro zone must be avantgarde when it comes to competitiveness.
|
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Deposits of euro ticked down from $3.01 billion to $2.80 billion in November as brokerages withdrew euro from their accounts, the BOK added.
|
|
The dollar resumed its fall against the yen and euro , dipping 0.15 percent against the Japanese currency and 0.25 percent against the euro.
|
|
Excess cash sloshing around the euro zone has ballooned as a result of the ECB's 2.6 trillion euro ($2.93 trillion) bond-buying programme.
|
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The drop in the euro pulled the dollar higher against a broad basket of its rivals where the euro forms the dominant component.
|
|
A weaker euro versus the dollar erodes the buying power of euro zone investors for gold, which is priced in the U.S. currency.
|
|
The dollar rose against the euro as traders doubted that any European Central Bank shift in policy stance could strengthen the euro further.
|
|
The latest weakness in the euro has been largely driven by the divergence between U.S. and euro zone monetary policy, and bond yields.
|
|
The euro fell by 0.67 percent to $1.2204, not helped by a survey showing business activity in April stabilizing across the euro zone.
|
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The 2022 euro-denominated bonds were down 14.9 cents at 51.5 cents in the euro at their lowest on record, according to Tradeweb.
|
|
Last year, China ran a whopping 176 billion euro trade surplus with the EU, while the U.S. took a 120.8 billion euro deficit.
|
|
That optimism was evident in the euro/Swiss franc cross which edged higher towards a one-week high at 1.1329 francs per euro.
|
|
Euro zone government bond yields jumped on Thursday, kicking recent sharp falls into reverse, and the euro climbed to a six-day high.
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In line with the day's broader pullback, sterling also dipped 0.5 percent against the euro to leave it at 86.76 pence per euro.
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But with the euro strengthening across the board the pound fell 0.4 percent to 89.620 pence per euro, its weakest since early March.
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The euro tumbled after a survey showed the euro zone's manufacturing boom faltered for a third month in March, although output remained robust.
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MC), earlier unveiled a 17.1 billion-euro ($20.12 billion) bid for Abertis, topping an existing 17 billion-euro offer by Italy's Atlantia (ATL.MI).
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Against the euro, sterling also weakened 0.3% to 89.805 pence per euro, putting it just below its six-month low of 89.92 pence.
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That, combined with strong Chinese export and euro zone industrial production data on Friday, has lifted global equities, bund yields and the euro.
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Elsewhere, the euro found itself on the back foot after surveys showed euro zone businesses were feeling the heat from a strong currency.
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Barely reacting to euro zone inflation data that came in below expectations, the euro ticked up to a three-day peak of $1.2230.
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Against the euro on Thursday, the pound touched a fresh 11-year low of 95 pence per euro, before later recovering some ground.
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Among currencies, the euro tumbled 0.60% to $1.10 after the low euro zone inflation figure raised expectations for aggressive easing by the ECB.
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Brembo had previously proposed a dividend of 0.22 euro ($0.2351) per share and Amplifon had proposed a dividend of 0.16 euro per share.
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Trade ex-dividend: Enel of 0.16 euro per share as 2019 interim dividend; Snam of 263,095 euro per share as 2019 interim dividend.
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The pound was 0.2 percent lower against the euro, however, at 89.81 pence per euro as the single currency strengthened versus most currencies.
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Trade ex-dividend: ENEL of 0.16 euro per share as 2019 interim dividend; SNAM of 0.095 euro per share as 2019 interim dividend.
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The pan-European FTSEurofirst 300 index was down 0.5 percent by 0726 GMT, while the euro zone's blue-chip Euro STOXX 50 index < .
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Trade ex-dividend: Enel of 20900 euro per share as 21000 interim dividend; Snam of 232,22020 euro per share as 21000 interim dividend.
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Trade ex-dividend: Enel of 0.16 euro per share as 2019 interim dividend; Snam of 09003,095 euro per share as 2019 interim dividend.
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Euro zone economic data have been improving in recent weeks, helping lift euro zone yields, many of which remain stuck in negative territory.
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More recently, the wave of support for populist parties across the euro zone has also been a drag to completing euro zone reform.
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The higher the euro, the more expensive products and services get for non-euro customers, which might affect exports from the currency union.
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According to Agnese's testimony, her mother was making 800 euro a month at a shop and paying 800 euro a month in rent.
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For the full year, Deutsche reported a 497 million euro loss, compared to a 290 million euro loss that Reuters analysts had estimated.
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The company will soon add support for euro-denominated payments in Spain as the first step of a broader euro rollout, Allaire said.
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Trade ex-dividend: ENEL of 0.14 euro per share as 2018 interim dividend; SNAM of 1003 euro per share as 2018 interim dividend.
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The pan-European FTSEurofirst 300 index declined by 0.4 percent, while the euro zone's blue-chip Euro STOXX 50 index fell 0.6 percent.
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If they look to normalize rates, the euro will just shoot up and they're finding it hard to successfully talk down the euro.
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" Fontana repeated his leader Salvini's view on the euro, saying "our view is that the euro is a currency that was created incorrectly.
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In the euro area, yields on higher-rated bonds fell 4 to 5 basis points, led by euro zone benchmark bond issuer Germany.
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Futures on the euro zone's blue-chip Euro STOXX 21.75, Germany's DAX , France's CAC and Britain's FTSE rose by between 23-22 percent.
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The euro, meanwhile, earlier hit a seven-week low on expectations that euro zone interest rates could stay at record lows throughout 2018.
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In currencies, the euro soared to a two-and-a-half year high against the greenback overnight on solid euro zone inflation data.
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A firmer euro trims the value of euro zone companies' overseas earnings when converted back to the common currency, hitting their overall profitability.
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Currency bid prices at 2:9.34803PM (1955 GMT) Description Last U.S. Close Pct Change Previous Session Euro/Dollar $1.0424 $1.0385 +0.38% Dollar/Yen 117.5100 117.8400 -0.28% Euro/Yen 122.58 122.38 +1.023% Dollar/Swiss 1.0262 1.0294 -0.20% Sterling/Dollar 20.36 29.0436 -29.0415% Dollar/Canadian 20.02 29.2178 +29.3480% Australian/Doll 9.61113 29.6111 -29.7099% ar Euro/Swiss 21.02 1.0683 +0.14% Euro/Sterling 0.8444 0.8406 +0.45% NZ 0.6903 9.70993 -0.16% Dollar/Dollar Dollar/Norway 8.6722 8.7035 -0.36% Euro/Norway 9.0436 9.0415 +0.02% Dollar/Sweden 9.2178 9.3480 -1.02% Euro/Sweden 9.6111 9.7099 -1.02% Additinal reporting by Jamie McGeever in London; Editing by Robin Pomeroy and W Simon
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The 19-strong euro area, with votes weighted according to the size of countries, now has the power to legislate for the entire EU. He has secured agreement for enhanced observer status for non-euro countries in euro-zone meetings and an understanding that a non-euro country can appeal to an EU summit if it objects to decisions taken at such meetings.
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Zurbruegg said the European Central Bank's measures to spur a recovery in the euro zone economy would inevitably contribute to a fall in the euro, so it was a good thing the SNB a year ago decided to abandon its franc/euro cap.
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"There is broad support for making appropriate links between the budgetary instrument and ... the euro area recommendations," the chairman of euro zone finance ministers Mario Centeno told a news conference referring to recommendations for the euro zone economy issued annually by the Commission.
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BRUSSELS (Reuters) - The euro zone bailout fund will pay out the next, 5.7 billion euro loan tranche to Greece in the second half of March after national approval procedures are completed, the chairman of euro zone finance ministers Mario Centeno said on Monday.
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The cigarette maker, which on Tuesday raised US$17.25bn in the second largest bond offering in the US market, is marketing a euro four-year floating rate note, a euro 6.25-year fixed rate, a sterling eight-year and a euro 12.5-year.
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The euro jumped against the dollar on Thursday as growing losses on Wall Street led investors, who had held euro-funded positions in which the low-yielding currency is borrowed and sold in favor in higher-yielding ones, to buy back the euro.
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"Current euro-franc and euro-dollar volatility indicates that the market is concerned about the euro-franc exchange rate and whether the SNB has the conviction to stabilize it near current levels," they wrote in a note to clients dated Feb. 27.
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WASHINGTON (Reuters) - Euro zone finance ministers are likely to approve on Monday the disbursement of much or all of the money from the 2.8 billion euro ($3.14 billion) tranche of loans Greece is waiting for, two senior euro zone officials said on Friday.
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Ideas that have been floated include a special euro zone budget, a treasury and a finance minister, turning the euro zone's ESM bailout fund into a European Monetary Fund and possibly some form of jointly issued debt - a euro zone safe asset.
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Euro zone finance ministers agreed in the early hours of Friday a debt relief package for Greece and a new disbursement of 15 billion euros as part of its current 86-billion-euro bailout program, the head of euro zone finance ministers said.
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With two king-size euro pillows propped at the head or along the side (like the $80 Makki Indigo Euro and the $165 Vara Euro, which Mr. Robshaw used in Ms. Belushi's room), a bed can become "a de facto sofa," he said.
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LUXEMBOURG, Oct 9 (Reuters) - The euro zone economy needs more spending from countries that have money to invest, euro zone finance ministers said on Wednesday ahead of a meeting at which they will discuss the slowing growth in the euro zone economy.
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Euro zone finance ministers have been discussing an integration package for a long time, including a budget specifically for the 19 countries sharing the euro and a decision on how and when to create a euro zone-wide bank deposit guarantee scheme (EDIS).
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When we say that foreign demand is weaker for the euro area, this may be due to the stronger exchange rate of the euro.
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Less-than-stellar economic news from the euro zone region has weighed on the euro, while Brexit-related worries have hurt the British pound.
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Monte dei Paschi is the third largest bank in Italy with 169 billion euro in assets, and more than 45 billion euro in debt.
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Macron reiterated that he was not in favor of turning national debts of euro zone countries into a single pool of euro zone debt.
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The U.S. currency largely held onto its gains against the euro as persistent worries about the euro zone economy weigh on the single currency.
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Since the 2008 financial crisis, Chinese foreign direct investment in the EU has risen from 2016 million Euro to 30 billion Euro in 2017.
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Investors believe the election will further underpin a mandate for anti-establishment, euro-skeptic politicians, stoking worries about Italy's future in the euro zone.
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LeasePlan has dropped a planned euro seven-year non-call three-year in favour of a larger euro five-year non-call two-year.
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The euro 5NC2, euro 7NC3 and dollar 5NC2 were talked at 7.50%-7.75%, 8.00%-8.25% and 8.25% area before the trade was previously pulled.
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The euro was also hurt after a violence-marred independence vote in Spain's Catalonia region fueled anxiety over political risk in the euro zone.
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Overall euro zone equities were drawing to the close of a stellar year of gains, shrugging off a strengthening euro to deliver substantial returns.
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The euro was 0.4 percent down at a two-week low of $1.1329 , ahead of flash euro zone GDP data due at 0900 GMT.
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And should exit from the euro ever become a serious prospect, the thought of a collapse in euro-denominated asset values would concentrate minds.
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The dominant concerns since 2011 have been euro zone debt, possible breakdown of the euro zone, Chinese growth, populism, quantitative tightening and trade wars.
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The euro, pushed lower by the stronger dollar, slipped as traders prepared for a swathe of data, including euro zone GDP and German inflation.
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That could have implications for ECB tapering, potentially, and a back up in the euro interest rate curve, which would potentially trigger (euro) appreciation.
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Other euro zone integration ideas, floated by Germany, include transforming the euro zone's government-owned and run bailout fund into a European Monetary Fund.
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The ECB sets monetary policy in the 19 European Union countries that use the euro currency and are referred to as the euro zone.
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But in non-euro countries like the Czech Republic, even mentioning euro membership sounds like a haughty warning to join, or be left behind.
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The EU has mooted the idea of forcing euro-denominated derivatives to be cleared within the EU, to ensure the euro zone's financial stability.
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Wednesday's data on euro zone consumer price inflation, which was revised up to 1.3% year-on-year in June, failed to boost the euro.
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The euro zone's economy would take another knock and Mr Draghi would be forced to inject even more stimulus, pushing the euro down further.
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That will be met with a strong opposition from the EU Commission and euro area countries demanding strict adherence to euro area budget rules.
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Morgan Stanley estimates that some 74 billion euros worth of euro-denominated emerging market bonds -- 19% of outstanding euro issues -- are now negative-yielding.
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The approval came hours before euro zone finance ministers met to discuss whether Greece had met the terms of a multi-billion euro bailout.
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Morgan Stanley estimates that some 74 billion euros worth of euro-denominated emerging market bonds — 19% of outstanding euro issues — are now negative-yielding.
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But the euro weakened against the dollar under the weight of recent weakness in the euro zone economy and worries about fallouts from Brexit.
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The euro on Thursday slumped to levels last seen in May 2017 as a recovery in euro zone business activity was weaker than expected.
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Disney also reiterated its commitment to a 1.5 billion euro racapitalisation for Euro Disney, which would go into its infrastructure improvements and debt reduction.
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The surge has strengthened the dollar against the euro and yen, which would ultimately help raise import costs in the euro zone and Japan.
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The euro zone's blue-chip Euro STOXX 50 index fell 0.8 percent, Britain's FTSE 100 declined 0.5 percent while Germany's DAX fell 1 percent.
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The Swiss franc hit a two-year high against the euro, fetching 1.0890 franc per euro, having gained 1.4% over the past five sessions.
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Anti-euro campaigners say quitting the euro would allow Italy to revive its stagnant economy by spending more and devaluing its currency, helping exports.
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The dollar also tumbled against the euro, with the euro hitting its highest against the dollar in two and a half weeks, at $1.1459.
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The most important change Mr Cameron wanted was a guarantee that the bigger euro-zone block could not gang up on non-euro countries.
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Against the euro, sterling fell 0.1% to 86.69 pence per euro , but remained at its highest against the single currency since late May 2017.
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Against the euro, the pound traded up 0.1 percent on Monday at 87.14 pence per euro after hitting a day's high of 86.98 pence.
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Euro zone stocks have outperformed the broader STOXX index year-to-date despite analysts and investors predicting the stronger euro may dent company earnings.
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Against the euro, the pound rallied half a percent to 88.115 pence per euro and held on to those gains in later European trading.
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"This morning's euro zone data provided a foundation on which euro zone equities have built small gains," IG chief market analyst Chris Beauchamp commented.
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The euro has been rising, in part on the recovery of the European economy and the surge of investment interest in the euro zone.
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Brown Brothers Harriman analysts do see upside for the euro, and see a next upside target for the euro against the dollar at 1.15.
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Based in Germany, the company has a 231 billion euro ($261 billion) investment portfolio which contains a 324 million euro investment in physical gold.
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Strategists at Bank of America Merrill Lynch say there is potentially still a large short euro and euro zone position despite this week's rally.
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"The euro is the currency of all Europeans ... We need to give a new impetus, a new strength to the euro zone," Moscovici urged.
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It said a strengthening of the euro, which helps dampen inflation in the euro zone, could also help explain the fall in bond yields.
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Against the euro the pound struggled, losing 0.2 percent to 89.645 pence but still below recent lows of more than 90 pence per euro.
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The euro is also vulnerable to threats of Brexit, which would hurt the euro zone economy and deal a serious blow to European integration.
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A "German euro" was nearly 17 percent undervalued against the dollar in PPP terms, while a "French euro" was overvalued by nearly 5 percent.
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Traders might trim some long positions in the euro for now and wait for opportunities to buy the euro again on dips, he said.
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RBC Capital Markets said the 21 billion euro net inflow of funds in the first quarter was ahead of its 1803 billion euro estimate.
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However, relatively strong euro zone economic data on Tuesday prompted some hedge funds to cover short positions in the euro, lifting it above $1.12.
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The country triggered a massive debt crisis in the euro zone and had to be bailed out three times by other euro zone governments.
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The €240bn euro loan, which is the largest single-tranche euro-denominated term loan B since the financial crisis, tested investors' limits, sources said.
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Deutsche Bank posted a 497 million euro ( $610.15 million) loss for 2017, compared to a 290 million euro loss that Reuters analysts had estimated.
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The loss follows a 3.15 billion euro loss in the second quarter and contrasts with a 229 million euro net profit a year earlier.
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At first, diesel cars meeting Euro-4 standards and petrol-powered vehicles running to Euro-1 and 2 would be barred from the city.
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The euro also nudged up 0.2 percent to $1.1250, a bullish Ifo survey from Germany adding to relatively upbeat euro zone surveys on Friday.
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The pan-European FTSEurofirst 300 index was down by 0.6 percent, while the euro zone's blue-chip Euro STOXX 50 index fell 0.8 percent.
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Germany has long insisted on other euro zone countries improving their finances as a condition for pursuing greater fiscal integration on the euro level.
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On Thursday the pound edged lower to $1.3085 by 1420 GMT, while against the euro it was marginally weaker at 86.195 pence per euro.
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Yields on government bonds from other euro zone nations also climbed Tuesday, showing investors are concerned about lending to countries that share the euro.
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There's fear new elections in the euro zone's third-largest economy could put populist parties in power that will move to abandon the euro.
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The League says it wants to leave both the euro and the EU, while Berlusconi casts himself as a pro-European, pro-euro moderate.
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Euro zone bond yields across the board rose after Praet's comments, while the euro touched a 10-day high against the U.S. dollar EUR=.
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A recent strengthening of the euro, a hit for euro zone exporters and a check on import prices, has further complicated the policy picture.
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Markit released the closely watched euro zone Purchasing Managers Index (PMI) for January, which showed euro zone businesses had a disappointing start to 2016.
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Monte dei Paschi is the third largest bank in Italy with 169 billion euro in assets, and more than 8003 billion euro in debt.
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The euro was up marginally at $1.1350, having recovered all of its losses from Monday when it was hit by weak euro zone data.
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The pound also fell versus the euro after earlier gains, and was down 0.1 percent at 89.340 pence per euro in late European trading.
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Against the euro, the bank raised its end-of-year forecast to 75 pence per euro and its end-2017 forecast to 73 pence.
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Economists believe that would happen should the euro fall below the SNB's 'comfort level' against the franc, seen above 1.07-1.08 francs per euro.
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Bulgaria meets the nominal criteria for adoption of the euro, with its lev currency pegged to the euro, low inflation and healthy public finances.
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The dollar initially rose against the euro to the strongest since April 2017, then pared gains to trade 0.2% lower at $1.0636 per euro.
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The euro broke below $1.19 for the first time this year on weaker-than-expected German industrial orders and declining euro zone investor sentiment.
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Strong U.S. labour-market data overnight, with February private payrolls beating expectations, helped the greenback 0.3% higher on the euro to $1.137 per euro.
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The euro was little moved by data showing inflation in the euro zone had accelerated in December and retail sales were stronger than expected.
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Against the euro, the pound also rose to two-week highs of 0.8831 pound to the euro on Thursday and last stood at 0.8858.
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This was succeeded in 1997 by the Euro-Atlantic Partnership Council, which brings together NATO members and partner countries in the Euro-Atlantic area.
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Hewson added that the weakening euro suggested investors did not think Germany - the euro zone's biggest economy - was moving towards a significant fiscal package.
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Current proposals to reform the euro zone are based on a higher-level of risk-sharing between the 19 countries in the euro zone.
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The pan-European FTSEurofirst 06003 index fell 0.25 percent, while the euro zone's blue-chip Euro STOXX 50 index was down by 0.36 percent.
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The dollar rose against the euro on Monday after dismal manufacturing and services data elevated concerns about the state of the euro zone economy.
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The euro has been under pressure in recent weeks on worries about euro zone bank exposure to Turkey after the lira crashed this month.
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The greenback has benefited against the euro as economic data shows a brighter economic outlook for the United States than for the euro zone.
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If the European Central Bank and euro zone members then give the green light, it could adopt the euro in 2023 at the earliest.
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The nation is preparing to raise its fuel quality to so-called Euro 6 standards from Euro 4 from April 2020 to fight pollution.
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Italy, the euro zone's third largest economy, suffered its biggest market sell-off in years after the country's latest failure to form a government sparked worries about new elections that could lead to a bigger mandate for euro-skeptic politicians and cast doubt on Italy's future in the euro zone.. The turmoil hit U.S. bank shares and caused a sell-off of euro assets and a rush into safe-haven Treasury debt, sending the dollar to a 10-month high against the euro.
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"Euro parliament, euro zone budget, European finance minister - all those things won't solve the problems of the euro zone but rather aggravate them," Ifo chief Clemens Fuest told a news conference to outline his recommendations for the next coalition government after an election in September.
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Among the possible changes are ideas for a special pool of money for euro zone countries that would be managed by a finance minister for the whole of the euro zone and who would answer to a euro zone caucus in the European Parliament.
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"The initial evidence on credit creation from the Euro area was mixed at best ... net credit creation in the Euro area declined sharply during the Euro area crisis and remained weak even as the ECB pushed deposit rates to -20bp in 2014," they noted.
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After calling for the euro to rise right until the U.S. election result, strategists have once again taken to forecasting a weaker euro owing to diverging monetary policy between the Fed and European Central Bank, as well as important elections in several euro zone countries.
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Borghi - an economist who just before 2014 European election wrote "Basta euro" ("Enough Euro"), the party's policy on the single currency - told LA7 television that "the only person who is still raising the prospect of Italy leaving the euro seems to me to be Draghi".
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"The euro is the currency of 340 million people and enjoys now 74 percent support across the citizens of the euro area, and more countries want to join the euro today," Draghi told a news conference after a regular meeting of the ECB's Governing Council.
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Under the debt relief deal struck with euro zone creditors in June 2018, Greece is to receive every six months profits that euro zone central banks have made on their Greek bond portfolios and from waiving the step up margin on some euro zone loans.
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HELSINKI (Reuters) - The euro zone needs a way to share economic risks through a fiscal mechanism and through capital markets, the head of the euro zone bailout fund said, noting a euro zone budget did not have to entail debt mutualization or permanent transfers.
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ABN said it would take a 360 million euro ($400.54 million) provision to compensate such customers, on top of an earlier 121 million euro provision, and ING said it would take an additional 150 million euro provision, without saying how much it had previously reserved.
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LONDON (Reuters) - The Netherlands on Friday became the latest euro zone state to see its 23-year yields fall below zero percent, joining a pool of negative-yielding euro government bonds that grew in May to encompass 20.014% of the euro debt traded on Tradeweb.
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BRUSSELS (Reuters) - The euro zone bailout fund ESM released on Tuesday a 2.8 billion euro loan tranche to Greece, following a commitment made by euro zone finance ministers earlier this month which was conditional on an assessment of the clearance of net arrears by Greece.
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Mr. Salvini used to wear shirts that read "No More Euro" and said in 2016 that he would leave the euro "tomorrow morning" and that everyone understood a vote for his party was a vote to leave the euro and return to a national currency.
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BUENOS AIRES (Reuters) - Plans for deeper euro zone integration need to marry ambition with pragmatism to progress on controversial ideas like a euro zone budget or limiting banks' exposure to a single sovereign borrower, the chairman of euro zone finance ministers Mario Centeno said.
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BRUSSELS (Reuters) - A Franco-German proposal for a euro zone budget could be a "breakthrough" for a euro zone reform package next month, but more work on it is needed, the chairman of euro zone finance ministers said as Italy voiced reservations about the plan.
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The ECB and the central banks of the euro zone's three largest countries - Germany, France and Italy - agree euro clearing needs to move to the euro zone after Brexit but they diverge on who should supervise it, the sources close to the matter said.
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The euro, meanwhile, has been on a tear especially since the second half of last year on optimism over a brightening euro zone economic picture.
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The amount of cash stashed in homes or vaults from the euro zone has topped 1 trillion euros, much of it in 500-euro notes.
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The euro shrugged off data showing euro zone GDP grew by 0.5 percent in the first quarter, in a downward revision of an earlier estimate.
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VW will offer an incentive for customers who agree to scrap diesel vehicles equipped with older euro 1 to euro 4 engines, the carmaker said.
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The euro fell a quarter of a percent to $1.15775 and dropped by a similar margin against the Swiss franc to 1.1368 francs per euro.
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The Swiss currency held firm against the euro to 89.4553 per euro, within touching distance of 1.1057 hit on Thursday, its highest since July 2017.
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Against the euro, the pound was on the back foot at 89.455 pence per euro, near five-month lows of 89.74 set a week ago.
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It also says the euro zone requires "further deepening" and that Britain will "facilitate" that, while having its own rights respected by the euro zone.
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Sterling gained to $1.3289, from $1.3152 beforehand while the euro fell to 83.975 pence per euro, down from 84.68 pence before the survey was released.
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The euro was up 0.2 percent at $1.1373, having recovered all of its losses from Monday when it was hit by weak euro zone data.
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The euro replaced national currencies in everyday usage in 2002 across the euro zone, which spans 19 of the 28 countries in the European Union.
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It also hit the day's low of 84.51 pence per euro, before steadying at 84.36 pence per euro, half a percent lower on the day.
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Similar falls have been seen against the euro; indeed travellers who change their money at the airport are getting less than a euro per pound.
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Frederik Ducrozet, a euro zone economist with private Swiss-bank Pictet, told CNBC that 10-15 percent of euro zone indexes were U.S. parent issuers.
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The euro received its latest boost overnight as data showed the euro zone economy closed out 2017 with the strongest growth in nearly seven years.
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The euro was up 0.4 percent at $1.13935, having recovered all of its losses from Monday when it was hit by weak euro zone data.
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Financial markets were enthusiastic adopters of the euro in its infancy, with forex trading volumes and bond issuance in the euro quick to take off.
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Against the euro, the pound was on the back foot at 89.475 pence per euro, near five-month lows of 89.74 set a week ago.
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The euro slipped about 1 percent against the Japanese yen at 125.27 yen per euro, close to a 2-1/2-month low of 125.26.
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The company was hit by movements in the Russian rouble against the euro prior to the refinancing of its euro denominated bank loans in Russia.
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About half of all the €2.6trn ($22017trn) of euro-area bonds bought by the ECB's asset-purchase programme came from institutions outside the euro zone.
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Britain under Tony Blair later decided not to join the euro and thus locked itself out of the EU's inner 19-member euro zone core.
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The three countries use the euro currency as members of the euro zone — meaning she knows the economies she'll soon serve as central bank chief.
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In July, Techem refinanced 1.75 billion euros of loans that comprised a 1.6 billion euro term loan and a 150 million euro revolving credit facility.
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The euro zone STOXX 50 index fell on the news, but the euro rose slightly against the U.S. dollar to near a two-week high.
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Investors bought back into the euro, seeing the removal of the pledge as another small step in weaning the euro zone economy off protracted stimulus.
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France has said large chunks of euro clearing should move to the euro zone after Brexit so that EU regulators can supervise the activity properly.
|
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The euro zone STOXX 21.75 index fell on the news, but the euro rose slightly against the U.S. dollar to near a two-week high.
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For broader euro zone markets, the Brexit vote weighed as the potential for a softer Brexit would reduce demand for safe-haven euro zone bonds.
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As the sovereign debt crisis hit the 19-member euro zone, Draghi committed in July 2012 to restore the region's economy and save the euro.
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Malacalza owns 20.6 percent of Carige after backing last year's 20173 million euro capital raising and a previous 850 million euro cash call in 2015.
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It had recovered some of the earlier loss against the euro to trade at 91.15 pence per euro, versus an earlier low of 91.44 pence.
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The euro pulled back from six-week highs after lower-than-expected euro zone inflation in May brought the single currency's rally to a halt.
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The euro edged up 0.1 percent to $1.0995, ahead of major euro zone economic data due on Friday, including consumer price inflation and economic growth.
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Third quarter figures released last week showed the euro zone hit its fastest growth rate since 2011, when the euro-crisis escalated and dented growth.
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The euro, however, underperformed the yen, falling 0.2 percent to 124.65, with the euro generally clouded by Thursday's policy review by the European Central Bank.
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These include sovereign debt from the likes of euro members Latvia or Lithuania, or euro-denominated bonds from EU countries Poland and the Czech Republic.
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During that time, he chaired a task force that proposed a new synthetic euro area bond that is currently being scrutinized by euro zone authorities.
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Italy has one of the most liquid inflation-linked bond markets in the euro zone, issuing debt linked both to euro zone and Italian inflation.
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Euro credit to non-bank borrowers outside the euro area - although that is not just emerging economies - was up 10 percent to 3.1 trillion euros.
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Italy is the only country in the euro zone where per capita output has actually fallen since it joined the euro, according to Eurostat data.
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The dollar also quickly lost its gain against the euro made after European Central Bank Mario Draghi underscored the risks facing the euro zone economy.
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Le Maire also wants the euro zone to quickly thrash out plans for a shared budget aimed at encouraging convergence among the euro zone's economies.
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Analysts expect the euro to underperform peers in the near term as monetary policy is expected to remain accommodative in the euro area this year.
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Asia's top gasoline importer Indonesia is expected to move to Euro 4 gasoline specifications from Euro 2 by October 2018, the pricing agency also said.
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Euro zone stock markets, however, were lower on the day , with some analysts worrying a stronger euro may do more to undermine growth going forward.
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The Swiss franc tumbled though to its weakest against the euro since its central bank abandoned a peg to euro zone currency in early 2015.
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The European Union announced fresh measures on Wednesday to further integrate the euro zone and assist members in joining the group's monetary union, the euro.
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Top euro zone officials expect key decisions on the euro zone's future, including a potential budget, to be taken in the first half of 2018.
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This would provide a more positive backdrop for bonds but perhaps less so for the euro - an ideal growth-friendly mix for euro zone policymakers.
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The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index were both up by 0.3 percent by 0805 GMT.
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The urgency for euro reform came about mainly as a result of the sovereign debt crisis in 2011 that led many euro countries into recession.
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The crown rose 1.5 percent against the dollar and 1.2 percent against the euro at 8.85 crowns per dollar and 10.31 crowns per euro respectively.
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For such additional financing, euro zone governments would have to sign a special intergovernmental agreement, like the treaty that created the euro zone bailout fund.
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Euro zone ministers pick a candidate on Monday, with a formal vote on Tuesday when they are joined by non-euro zone EU finance ministers.
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In other currencies, the Swiss franc was slightly stronger against the euro after falling to a three-year low of 1.20 per euro on Thursday.
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Rolet played down the threat of the European Central Bank or policymakers mandating the switch of euro denominated clearing from London to the euro zone.
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The pan-European FTSEurofirst 06003 index rose 2 percent by 1001 GMT while the euro zone's blue-chip Euro STOXX 50 index advanced 2.5 percent.
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LONDON, Dec 14 (Reuters) - The euro strengthened and euro zone bond yields rose after the European Central Bank on Thursday revised its growth forecasts upwards.
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That brought the ECB's planned purchases for this year to 2218 trillion euro, with the new purchases alone worth 2000% of the euro zone's GDP.
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The dollar initially rose against the euro to the strongest since April 1003 but then pared gains to trade 2100% lower at $213 per euro.
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The dollar initially rose against the euro to the strongest since April 211 but then pared gains to trade 1003% lower at $2100 per euro.
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That brought the ECB's planned purchases for this year to 1.1 trillion euro, with the new purchases alone worth 25.893% of the euro zone's GDP.
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The Polish zloty currency on Monday lost more than two percent hitting its weakest level to euro since April 2009 at 4.615 zloty per euro.
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The dollar initially rose against the euro to the strongest since April 213 but then pared gains to trade little changed at $2000 per euro.
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The new purchases bring this year's planned purchases to 1.1 trillion euro with the newly agreed buys alone worth 6% of the euro area's GDP.
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It expects the planned store closures to drive a 2300-225 million euro decline in sales and a 2300 million euro increase in operating results.
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They warned, however, that a shock victory for anti-euro Marine Le Pen in Sunday's French presidential election could send the euro down 5 percent.
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The euro zone's blue-chip Euro STOXX 2199.60 index was 0.1 percent higher, while Germany's DAX was up 0.3 percent, hitting a one-month high.
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Elsewhere, other euro zone bond yields were flat to slightly lower as weaker oil prices supported the outlook for subdued inflation in the euro area.
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Cars that meet Euro-4 emissions standards could be banned from Stuttgart from next January, while Euro-5 vehicles should not be banned until Sept.
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The euro zone's central bank is widely expected to leave its policy unchanged on Thursday, including its 2.3 trillion-euro (£2 trillion) bond-buying program.
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Euro zone policymakers have said that the bulk of clearing of euro-denominated securities like derivatives and bonds should move to the single currency area.
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The chairman of the 19 ministers representing euro zone countries, Mario Centeno, said fiscal policy in the euro zone should respond to the economic situation.
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Instead, the full burden of supporting euro zone growth falls on the European Central Bank, which is charged with meeting the euro zone inflation goal.
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Meanwhile, the euro rose against the dollar by 0.64 percent to $1.25, supported by a survey on Thursday that showed euro zone manufacturing was booming.
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His comments did little to lift sterling against the euro, however, and the pound slid 0.4 percent to 88.47 pence against a broadly stronger euro.
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France and Germany agreed on Friday to back a joint euro zone budget focused on financing investment and reforms that help euro zone economies converge.
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The dollar initially rose against the euro to the strongest since April 2017 but then pared gains to trade 0.4% lower at $1.0742 per euro.
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The euro rose on the back of dollar weakness but lower-than-expected euro zone inflation in May brought the single currency's rally to a halt.
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Latest positioning data shows that net euro long positions are at their lowest levels this year after a fifth consecutive weekly drop in bullish euro bets.
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The cost of staging the biggest public rescue of banks in the euro zone forced the state to take the 85 billion euro bailout in 2010.
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The United States has higher interest rates than the euro zone, which means traders lose money by holding positions that are long euro and short dollar.
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By 1137 GMT, it had gained around 0.3 percent against both the yen and the euro, to trade respectively at 110.58 yen and $1.1845 per euro.
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Haefele himself expects the euro to rise in 2017, reflecting a wider view that a break-up of the euro zone is still an outside bet.
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By 29 GMT, futures for the euro zone's blue-chip Euro STOXX 103, Germany's DAX, France's CAC and Britain's FTSE were down 210 to 240 percent.
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The euro zone's recent strong economic growth has made things worse, said Klaus Regling, the head of the European Stability Mechanism, the euro zone bailout fund.
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Non-European issuers have finite net investment hedge capacity to drive natural euro funding needs, and bankers say many could have already exhausted their euro needs.
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The euro rise has been fueled by stronger-than-expected growth in the euro zone but also comments by top U.S. policymaker welcoming a weaker dollar.
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Signs of a sagging euro zone economy, together with worries about the rise of euro-sceptic political parties within member countries, have hurt the single currency.
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On euro zone reform, Scholz said he was "very optimistic" that finance ministers would agree on the structure of a new euro zone budget by summer.
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This has been the case also for the euro zone crisis, with German voters increasingly worried about any potential financial contributions to bailout euro area countries.
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ING estimates outstanding investment-grade corporate debt, excluding euro-denominated bonds from non-euro zone corporates, will be worth around 1.2 trillion euros in January 2018.
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The euro has also benefited from ECB President Mario Draghi's reluctance to talk down the currency, giving bulls the green light to push the euro higher.
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The Duesseldorf-based company said the U.S. tax reform boosted its first quarter net income to 58.1 million euro compared to last year's 18.7 million euro.
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In September 2017, Austria became the first euro zone sovereign to sell a "century bond" publicly via syndication, placing a 3.5 billion euro 100-year note.
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"For the overall competitiveness of the euro zone, it may be all right," Schaeuble said, adding that the euro exchange rate was also on the rise.
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In the euro zone the focus is on the Spanish and Italian manufacturing PMIs ahead of the final releases for France, Germany and the euro zone.
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Negative interest rates and bond yields were supposed to drive the euro zone's huge savings pool overseas in search of higher returns, thus weakening the euro.
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Like Japan, the euro zone's battle with deflation only makes the euro itself a better store of value absent some collapse of the single currency itself.
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The euro has shed 2.1% of its value this month as investors priced in the probability of euro zone borrowing costs pushing further into negative territory.
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But France has said large chunks of euro clearing should move to the euro zone after Brexit so that EU regulators can supervise the activity properly.
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The euro has shed 2% of its value this month as investors priced in the probability of euro zone borrowing costs falling deeper into negative territory.
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There's one other potential way to sort Italian banks - a mooted 15-billion-euro loan from the European Stability Mechanism, the euro zone's bank recap pot.
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The euro area outperformed the US, Japan and the UK in fiscal terms: the aggregate euro area budget deficit was significantly smaller than these three peers.
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Against the euro, sterling hit a three-year trough of 86.29 pence per euro before steadying at 0.720 pence, also down 1 percent on the day.
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The most important change Mr Cameron sought was a guarantee that non-euro countries would not be discriminated against by the much bigger euro-zone block.
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If we take the CFTC euro position as a proxy for the dollar, we again see a close correlation between position turning points and the euro.
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Likewise, the yen was stronger compared with the euro, with the euro/yen weakening to a five-month low of 114.82 yen earlier in the session.
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London has become the world's biggest center for clearing euro-denominated financial contracts, and some continental policymakers want this shifted to the euro zone after Brexit.
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"Despite euro strength and upgrades to GDP forecasts, domestically focused euro area stocks have so far not materially outperformed," Barclays strategists led by Dennis Jose said.
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Others think a short euro position is more attractive, arguing that Britain's debate could encourage eurosceptic parties in other EU states, including those using the euro.
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The euro slid along with euro zone yields, with the 10-year German bund yield declining to its lowest since October 2016 following Thursday's ECB meeting.
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The dollar turned negative against the euro on Thursday, reversing a morning rally that saw the greenback hit its highest against the euro in two weeks.
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The euro hit a six-and-a-half month high earlier this week due to reduced political risk and positive economic data in the euro zone.
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The euro's haywire 4 euro cents move in one session last Thursday reflected changing market perceptions about interest rate differentials and fair value for the euro.
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Brown Brothers Harriman analysts do see upside for the euro, and analysts also see a next upside target for the euro against the dollar at 1.15.
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The euro accounts for a near-50 percent weight in sterling's trade-weighted index, and sterling an almost 15 percent weighting in the trade-weighted euro.
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IMF and euro zone officials hope to reach a compromise on Greece in talks this week, before a meeting of euro zone finance ministers on Monday.
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Environment Minister Barbara Hendricks said physical changes to Euro-5 and Euro-6 models would also be considered by a national task force on diesel emissions.
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"The thing with euro/dollar is that you have quite a positive mood on the euro at the moment," said ABN Amro FX strategist Georgette Boele.
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"An EMF (European Monetary Fund) would also leave euro zone problems to be solved by the euro zone and not by 'outsiders,'" he said via email.
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Fears the euro zone's top banking watchdog might impose higher provisions or losses on soured bank credit contributed to a slump in euro zone banking shares .
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It hit a six-month low of 21.34 against the euro Tuesday, before European Central Bank (ECB) President Mario Draghi's dovish speech saw the euro tumble.
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As we however expect price pressures in the euro zone to ease further in the near term, the euro is likely to pretty much remain stuck.
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Euro zone markets certainly got a boost from the French election when it became apparent the anti-euro far right was heading for a heavy defeat.
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The dollar rose 0.3 percent versus the euro as investors bet that monetary policy would continue to diverge between the United States and the euro zone.
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The pan-European FTSEurofirst 300 index fell 1.7 percent in the previous session, while the euro zone's blue chip Euro STOXX 50 index dropped 2.1 percent.
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The dollar climbed 23 percent against the franc at 0.9669 francs per dollar and the euro rose by a similar quantum to 1.1494 francs per euro.
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And they're not even actual bridges: just archetypes of different styles: Classical on the five euro note, Romanesque on the 193 euro note, and so forth.
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In bond news, more emerging issues hit the market, with Bulgaria bringing a dual-tranche euro deal while Mexico's Femsa is also marketing a euro issue.
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Poland's currency will firm 1.0 percent against the euro from Wednesday's level in the coming year, reaching 4.12 per euro by end-January, the poll found.
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By 0721 GMT, futures for the euro zone's blue-chip Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were up 0.3 to 0.6 percent.
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Euro zone policymaker Benoit Coeure's comments on Thursday have also contributed to this shift in euro zone government bond prices, said DZ Bank analyst Andy Cossor.
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"With some upward revision for euro zone growth for this year and next, the ECB should join the growing choir of euro zone optimists," he added.
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Concerns that a currency crisis in Turkey would hurt euro zone banks and uncertainty about the Italian government's planned budget have weighed on the euro recently.
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Household and business confidence in the euro area is rising after anti-EU and anti-euro political forces were trounced in recent French and Dutch elections.
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FTEU3> fell 3 percent to its lowest level since October 2014, while the euro zone's blue-chip Euro STOXX 50 index also fell by 2.7 percent.
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Against the euro, sterling was up 2% and was heading for its second day of gains in a row, last trading at 91.23 pence per euro.
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The euro jumped against the dollar as the European Central Bank signaled it could begin to wind down its 2.5-trillion euro stimulus program this year.
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EURO AND ITALY The euro could get some relief if the 5-Star Movement and the Democratic Party form a coalition government in Italy, analysts said.
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Gallo said he would not add more euro/dollar positions and that he would be looking to sell the euro if it reached $1.11 or $1.1150.
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Il compenso si attesta sui 70-90 centesimi di euro a paia e quindi, per 12 ore di lavoro, la retribuzione sarebbe di 7-9 euro.
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Against the euro it edged up 0.3% to 90.97 pence per euro, but was still trading near the previous day's six-month low of 89.89 pence.
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Elsewhere other major currencies were quiet, with euro/dollar little moved at $1.1025 ahead of euro zone flash inflation and GDP data due at 1000 GMT.
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The euro/Swiss franc cross, a pair highly correlated to risk sentiment, touched 1.0666 francs per euro, the lowest since April 2017, before recovering to 1.0690.
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