Analysts expect the European Central Bank (ECB) to acknowledge growing risks to the eurozone economy on Thursday while sticking to its patient course, kicking off a year that could see the Frankfurt institution mostly marking time.
The eurozone needs a few mega banks that can compete on the world stage, and banks need a deposit insurance scheme, Daniele Nouy, the head of the European Central Bank’s supervisory board, said on Wednesday.
The euro slipped lower against the US dollar as a closely-watched measure of currency area inflation missed analysts' forecast in a reading that could have significant implications for US interest rates.
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.