Trends - eurozone economy - Business Recorder

eurozone economy

Trade war would weigh on Europe’s already weak outlook, ECB warns

LONDON: Euro zone growth may be weaker than earlier thought and fresh barriers to global trade could lead to a...

Published 07 Nov, 2024 06:16am

Business & Finance

Flatlining eurozone economy narrowly dodges recession

BRUSSELS: The eurozone economy narrowly avoided a technical recession in the second half of 2023 but stagnated in ...

Published 31 Jan, 2024 05:22am

World

Eurozone inflation rises to 2.9% in December

BRUSSELS: The annual rate of inflation in the eurozone rose to 2.9 percent in December mainly due to energy costs,...

Published 05 Jan, 2024 05:15pm

Business & Finance

Euro zone economy likely entered recession last year: PMI

LONDON: Euro zone factories ended 2023 on the back foot, with activity contracting in December for an 18th straight...

Published 03 Jan, 2024 05:32am

Business & Finance

Eurozone financial stability outlook fragile: ECB

FRANKFURT: The eurozone financial stability outlook remains fragile as tighter financing conditions, high inflation...

Published 22 Nov, 2023 05:25pm

Business & Finance

Eurozone economic downturn deepens in August

BRUSSELS: The eurozone economy is contracting at its fastest rate in three years as a steep decline in manufacturing...

Published 24 Aug, 2023 06:22am

World

Eurozone unemployment drops to record-low 6.5% in March

BRUSSELS: Unemployment in the eurozone hit a record low of 6.5 percent in March, the EU’s statistics agency said...

Published 03 May, 2023 02:27pm

World

Eurozone GDP grows 0.1% in first three months of 2023

BRUSSELS: The eurozone economy lumbered forward in the first quarter, official data showed Friday, expanding just...

Published 28 Apr, 2023 04:51pm

Markets

Euro zone yields rise as hopes for a quick end of tightening fade

Euro zone government bond yields rose and spreads between core and periphery widened on Monday as investors expect...

Published 06 Feb, 2023 02:41pm

Business & Finance

Eurozone dodges recession but gloomy outlook persists

BRUSSELS: The eurozone economy showed greater resilience than expected after avoiding a recession in the fourth...

Published 06 Feb, 2023 06:53am

Markets

Asian markets mixed as US jobs offset by recession fears

HONG KONG: Asian markets were mixed Monday as the positive vibes from a US jobs report were offset by growing fears...

Published 05 Sep, 2022 10:13am

World

Ukraine crisis to dominate EU leaders’ Versailles summit

VERSAILLES: EU leaders will scramble Thursday to find ways to urgently address the fallout of Russia’s invasion of...

Published 10 Mar, 2022 11:02am

Business & Finance

Eurozone economy rebounded in 2021 after Covid crash

BRUSSELS: The eurozone economy posted robust growth last year, official data showed Monday, but fallout from the...

Published 01 Feb, 2022 04:07am

Business & Finance

Eurozone economy rebounded in 2021 after Covid crash

BRUSSELS: The eurozone economy posted robust growth last year, official data showed Monday, but fallout from the...

Published 31 Jan, 2022 05:23pm

Business & Finance

Euro holds minor daily gains after ECB trims emergency support

NEW YORK: The euro held onto small daily gains on Thursday after the European Central Bank said it will trim...

Published 10 Sep, 2021 04:41am

Markets

ECB decisions to reflect better growth: de Guindos

As borrowing costs stay extra low and the euro zone has largely avoided the worst of the pandemic's Delta variant

Published 01 Sep, 2021 11:33am

World

Euro zone growth confirmed at 2pc in Q2

BRUSSELS: The euro zone economy grew 2% in the second quarter, the European Union statistics office said on Tuesday,...

Published 18 Aug, 2021 04:00am

Business & Finance

Eurozone economy booms at fastest rate in 15 years

BRUSSELS: Business activity in the eurozone jumped at its fastest rate in 15 years this month, a closely watched...

Published 24 Jun, 2021 03:36am

Business & Finance

ECB lifts growth, inflation projections, sees risks as balanced

Inflation is now seen averaging 1.9% this year, above the 1.5% projected in March, while in 2022 it is seen at 1.5%, against an earlier projection for 1.2%.

Published 10 Jun, 2021 06:45pm

Markets

Despite uncertainties, OPEC sticks to forecast of oil demand surge in second half

Keeps 2021 oil demand growth forecast at 5.95 mln bpd.
But OECD demand not expected to fully recover from 2020 collapse.
OPEC May output rises by 390,000 bpd as Saudi, Iran pump more.
Says OPEC+ has substantially led the way towards rebalancing.

Published 10 Jun, 2021 06:28pm

World

Euro zone business growth hits three-year high but ECB cautious

As the economy rebounds and confidence improves, some policymakers are making the case for the ECB to start giving up its emergency measures and revert to more traditional forms of stimulus.
"We are committed to preserving favourable financing conditions. It's far too early and it's actually unnecessary to debate longer-term issues," Lagarde said on Friday.

Published 21 May, 2021 08:31pm

Markets

Eurozone bond yields rise after strong US CPI data

US consumer prices increased in April as booming demand amid a reopening economy pushed against supply constraints, which could fuel financial market fears of a lengthy period of higher inflation.
The consumer price index jumped 0.8%; excluding the volatile food and energy components, the CPI soared 0.9%.

Published 12 May, 2021 07:47pm

World

Euro zone to rebound more strongly, borrowing curbs to stay on hold

The aggregate growth of the 19 countries sharing the euro currency is likely to be 4.3% this year and 4.4% in 2022, the European Union's executive arm said, revising upwards its forecast from February of 3.8% growth in both years.
The forecast brings the Commission closer to the International Monetary Fund, which last month said it expected 4.4% growth in the euro zone this year.

Published 12 May, 2021 05:13pm

Business & Finance

ECB to inspect loans to shadow banks after Greensill, Archegos fiascos

The area has come under sharper scrutiny following the demise this year of supply-chain lender Greensill and Archegos, a family office run by former Tiger Asia manager Bill Hwang.
"What concerns me the most is that sometimes banks themselves don't have visibility on the portfolio of these entities," he said in an interview.

Published 06 May, 2021 05:41pm

Business & Finance

Eurozone enters double-dip recession

BRUSSELS: The eurozone economy fell into a second recession in less than a year in the first quarter, data showed on...

Published 01 May, 2021 03:28am

Markets

Euro zone bond yields edge lower after ECB meeting

IHS Markit's flash Composite PMI Index, seen as a good guide to economic health, rose to 53.7 from March's 53.2, confounding expectations in a Reuters poll for a dip to 52.8.
Germany's 10-year government bond yield, the benchmark of the euro area, fell 1 basis point at -0.27%.

Published 23 Apr, 2021 05:13pm

Business & Finance

ECB keeps policy unchanged, faces taper questions

Policy unchanged.
Economy well placed for quick recovery.
Vaccine campaign progressing.
Taper talk will dominate run up to June meeting.

Published 22 Apr, 2021 05:50pm

Markets

ECB to reassure on cheap money as virus woes persist

Lagarde may also repeat her plea for eurozone governments to share the load through fiscal stimulus.

Published 22 Apr, 2021 11:09am

Business & Finance

ECB's Lagarde says euro zone economy still on crutches

"Think of a patient which is out of a deep crisis but still on two crutches," Lagarde said.
"You don't want to remove either crutch, the fiscal or the monetary, until the patient can actually walk fine, and to do that means support well into the recovery."

Published 14 Apr, 2021 08:54pm

Business & Finance

Robust euro zone rebound could let ECB start winding down PEPP from Q3, Knot says

Short-term risks rising but robust H2 recovery seen.
Comfortable with current level of financing conditions.
End of PEPP not end of ECB accommodation.

Updated 07 Apr, 2021 08:04pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
France CAC40 / Dec 30	7,313.56
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.83 ▲ 0.53 (16.06%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)
Chakwal Spinning / Dec 31 Chakwal Spinning Mills Limited(CWSM)	64.67 ▲ 5.88 (10.00%)
Dadex Eternit / Dec 31 Dadex Eternit Limited(DADX)	70.52 ▲ 6.41 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)
Blue-Ex Ltd / Dec 31 Blue-Ex Limited (GEM)(GEMBLUEX)	43.36 ▼ -4.80 (-9.97%)
Al-Khair Gadoon / Dec 31 Al-Khair Gadoon Limited(AKGL)	37.56 ▼ -4.15 (-9.95%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	31 ▼ -3.18 (-9.30%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	195,439,583 ▲ 0.39
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.03
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.36
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	51,867,784 ▲ 0.74
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.04
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.20
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	43,092,435 ▲ 4.02
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.92
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	33,890,906 ▲ 0.37

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