Tag: European Union

Pierre-Olivier Gourinchas, the chief economist of the International Monetary Fund (IMF) said that France is unlikely to meet its target of narrowing its budget deficit to 2.7% in 2027. According to the economist, this is primarily because of the government's current policies, with changes...

Eurozone yields were relatively unchanged at the start of August, remaining unphased by recent signs of stress in Europe's manufacturing sector. The 10-year German Bund, the European benchmark, held steady at 2.46%. Italy's 10-year yield, another benchmark, remained flat at 4.11%. This comes after marginally...

The European Central Bank (ECB) seems set to implement an interest rate hike in July for what is expected to be one of the last as its monetary tightening agenda appears to be coming to an end. ECB President Christine Lagarde appeared to confirm an...

Electricity prices across Europe are plummeting towards sub-zero levels this weekend as a surge of summer winds welcomes the peak season for wind power generation. Data from Epex Spot SE on Saturday showed that energy prices are negative in nearly a dozen countries across the...

Eurozone business growth stalled in June as manufacturing continued to decline and service industries barely expanded, HCOB's flash Composite Purchasing Managers' Index (PMI) found. The index, compiled by S&P Global, fell from 52.8 in May to 50.3 in June. This is slightly above the 50...

U.S. travelers who are looking to book a trip to Europe this summer should expect to pay premium prices, Hopper Lead Economist Hayley Berg claimed. The surge in travel costs is expected to be driven primarily by air travel rates. "Travelers who haven't booked their summer...