Eurozone growth forecast raised
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The European Commission lifts its economic growth forecast for the eurozone and cuts its inflation prediction.
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The euro advanced against most  currencies on Thursday after investors interpreted remarks from  the head of the European Central Bank as signaling a rise in  benchmark interest rates in March.
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The ECB is likely to raise interest rates in a regular monthly policy meeting scheduled on Thursday. The key rate that is now at a historic low of 2% will probably be raised to combat inflationary pressures.
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Eurozone economic growth accelerated in the second quarter according to a closely-watched survey released on Thursday that showed surprisingly brisk activity in the services sector.
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Inflation has jumped in four key German regions, anticipating a overall surge of prices in the eurozone&#39;s biggest economy, according to figures released Thursday.
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The pound was firmer after a raft of strong data this morning increased the likelihood that the Bank of England will hike interest rates soon.
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European equities moved higher on Friday, with financial stocks leading the advance as buyers returned after losses of more than 2 per cent over the last three session's.
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Business confidence is high and unemployment is falling, making the European Central Bank likely to lift interest rates to 3 percent Thursday &#151; its fourth increase in eight months &#151; as it aims to keep inflation in check without hurting growth.
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The UK's economic future looks stronger, helped by a greater-than-expected number of EU migrants, a think-tank says.
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The European Central Bank on Wednesday raised borrowing costs to their highest level in nearly six years, pointing to a humming economy that raised the risk of higher inflation.
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FRANKFURT, Germany- The European Central Bank raised its key interest rate a quarter point to 3.75 percent Thursday and set the stage for another hike, in a move aimed at keeping inflation contained amid strong ...Comment
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A new survey showed that investor confidence is picking up in Germany, as improved retail confidence and a stabilisation in both oil prices and the euro help fuel burgeoning optimism in the eurozone's biggest economy at the beginning of the new 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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Economic recovery is gathering speed in the euro zone and inflation prospects are favorable, the European Central Bank said on Thursday as it
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The European Central Bank is set to lift its key interest rate by a quarter of a percentage point when it meets this week &#151; the fifth such move since the bank started adjusting rates in December 2005 as Europe's economy picked up.
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The UK economy probably grew at a  faster than predicted pace in the third quarter, putting pressure on the Bank of England to raise rates again.
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The European Central Bank is set this week to express confidence in the underlying strength of the eurozone economy even if, as expected, it shelves plans for a rise in interest rates.