Eurozone economic confidence stabilises in June
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Economic confidence in Europe stabilised in in June after a reaching a six-year high in May, a European Union survey released Friday showed.
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Investor confidence in Germany appears to be stabilising with falling oil prices helping take the sting out of the soar-away euro, and the eurozone's biggest economy remains on track for a modest recovery next ...
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The European Central Bank is widely expected to keep eurozone interest rates on hold at 4%..
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Eurozone indicators due this week will provide further evidence of weak economic confidence and slowing output, while British data was expected to show a pick-up in industrial activity, economists said.
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The European Central Bank held its main interest rates steady Thursday against a background of rising inflation and slowing growth, shortly after the Bank of England (BoE) did the same.
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The Bank of Japan kept interest rates steady on Thursday in its first unanimous decision since June, after a drop in business confidence signaled that companies were bracing for slower growth.
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Confidence in the European economy fell slightly in December but not by as much as economists had expected in the eurozone, a European Union survey showed Monday.
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Industrial production in the 12-nation eurozone rose 0.4 percent in July from June and was up 2.4 percent compared with July 2003, the European statistics office Eurostat reported.
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UK inflation slowed to 2.4% in June, official figures show, fanning fears that interest rates will rise later this year.
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The eurozone economy is on course for growth next year of about 2.0 percent despite the euro's record-breaking rally against the dollar, the European Union's executive arm revealed.
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Business confidence hits a five month high in June, according to the Reuters tankan survey.
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The European Central Bank is expected to keep interest rates steady at 2 percent on Thursday, with markets looking for any hint that the central bank's worries about growth have heightened.
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Nine leading think tanks in the eurozone have predicted that interest rates will stay unchanged for six months. The forecast comes from a new &quot;Euroframe&quot; outlook, in which Ireland&#39;s Economic and Social Research Institute is one of the institutes involved.
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The European Central Bank held its key interest rates steady on Thursday, amid signs it is becoming increasingly concerned about the negative effects on economic recovery of the runaway price of oil.
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The Governing Council of the European Central Bank decided to keep the interest rates at 2 % on Thursday. The same day, the Bank of England also announced the decision to keep its key rate unchanged at 4.75%.
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The German economy, the biggest in the 12-country eurozone, was teetering on the edge of its third recession in just four years at the end of 2004, but the outlook for this year is brighter with investor confidence on the rise, data showed.
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The European Central Bank is expected  to keep interest rates steady at 2 percent on Thursday, with  markets looking for any hint that the central bank's worries  about growth have heightened.