Eurozone house prices rose at the fastest pace in 11 years during the first three months of 2018, a development that is likely to reinforce the European Central Bank’s determination to end a key stimulus program in December.
Eurozone economic growth likely put in a decent performance in the second quarter with private businesses growing faster than expected in June, but trade worries knocked manufacturing growth to the weakest in 18 months, a private survey showed.
Eurozone governments have brokered a long-awaited debt relief deal for Greece, pushing back repayment deadlines on almost €100 billion of bailout loans as the country prepares to exit its era of financial rescue programs.
The far-right opposition party Alternative for Germany (AfD) has filed a parliamentary motion, urging Chancellor Angela Merkel to adopt a tougher line in dealing with proposed reforms in the eurozone to prevent the group from becoming a union with shared liabilities.
The euro to US dollar exchange rate fell to its lowest level since last November amid new political uncertainties in southern Europe, which occurred also against the backdrop of eurozone growth slowdown since the beginning of 2018.
Eurozone investors have been the biggest overseas net buyers of US debt securities in the past half-decade, a trend that could reverse as the European Central Bank continues to tighten monetary policy, according to new research.
Eurozone economic growth, already moderating in part from a stronger currency, will take a further hit from the ongoing trade dispute between the United States and China, according to a majority of economists polled by Reuters.