The Latest Breaking News from eurozone

The eurozone economy's growth in the second quarter this year was slightly smaller than previously estimated after the EU's statistics agency on Friday revised its data.

The S&P 500 Index ($SPX ) (SPY ) today is up +0.52%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.77%. Stocks today are moderately higher on some positive corporate news. Intel is up more...

Europe’s economy enjoyed only modest growth in the April-June quarter even as the U.S. outperformed expectations, highlighting a persistent transatlantic growth gap with Germany, the leading European economy, remaining in the dumps and as hesitant consumers save more, rather than spend on new houses or cars

The dollar index (DXY00 ) Friday rose by +0.20% and posted a 7-week high. The dollar strengthened Friday as weakness in stocks boosted liquidity demand for the dollar. Also, weaker-than-expected Eurozone PMI reports on Friday undercut the euro, and the yen fell on weaker-than-expected Japanese CPI news. The dollar extended...

The dollar index (DXY00 ) today is up by +0.26% at a 7-week high. The dollar today is strengthening as weakness in stocks has boosted liquidity demand for the dollar. Also, weaker-than-expected Eurozone PMI reports today undercut the euro, and the yen fell on weaker-than-expected Japanese CPI news. The dollar...

European Central Bank set to cut interest rates ahead of the U.S. Federal Reserve as inflation eases post Ukraine crisis.

The European Central Bank appears ready to start cutting interest rates before the U.S. Federal Reserve

The European Central Bank is expected to start cutting interest rates from record highs Thursday, its first reduction in nearly five years, but volatile inflation means the path ahead is uncertain.

The European Central Bank is expected to begin cutting eurozone interest rates from historic highs this week, but sticky inflation means the move is unlikely to kickstart a rapid easing cycle.