Europe’s Economy Takes Another Hit From French Production

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Euro Exchange Rates Muted By Growing Fears Of Technical Recession Amid Dismal Industrial Production

Tuesday trading saw the Euro (EUR) exchange rates shedding market value following a solid start to the week with the Euro to US Dollar (EURUSD) exchange rate retreating sharply from the 100 SMA (Daily chart).

Senior market analyst at Western Union Business Solutions in Washington, Joe Manimbo, said ‘The euro had its upturn halted by German data showing the third decline in as many months in a gauge of factory growth’ Another decline in the fourth quarter would signal recession, a scenario that would jeopardize an ECB rate hike this year and likely increase headwinds on the single currency.’

  • Publisher: Exchange Rates UK – Live Coverage of the British Pound & Other G10 Currencies
  • Author: Elaine Housten
  • Twitter: @exchangeratesuk
  • Citation: Web link (Learn more)

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Europe’s Four Big Challenges in 2019

2019 is just over a week old, but it’s already shaping up to be a busy one for Europe, which has a long to-do list to address as it grapples with political turbulence, slowing economic growth and tense relations with the world’s superpowers. European leaders will contend with a host of issues, including Germany’s unstable political coalition, the staying power of populism, Italy’s economic woes, and concerns about China and Russia’s looming presence over the European Union. Here are four trends that will shape Europe’s political, economic and social agenda this year.

The year ahead will be full of important decisions for the European Union, as the bloc will have to debate a multiyear budget, appoint new leaders to key supranational institutions and discuss structural reforms, all while dealing with slower economic growth, the persistent threat of populism, trade frictions with the United States and multifaceted relations with Russia and China. The bloc’s actions over the next 12 months will echo long beyond 2019, ultimately providing a foundation that will shape the Continental bloc in the decade to come.

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A European Small-Cap Poised to Pop

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Looking for a contrarian share? How about a small-cap hit hard by a double whammy: the recent drop in oil prices and Europe’s yearlong economic and geopolitical woes.

The company is Fugro (ticker: FUR.Netherlands), which has a market valuation of 742 million euros ($848 million). The loss-making Dutch outfit analyzes undersea data for oil companies exploring for new fields or measuring the oil left in existing fields. It also scrutinizes data for construction projects on seabeds, such as wind farms, and on riverbeds, such as bridges. And it can assess seismic data for land-based construction projects.

  • Date: 2019-01-05T01:00:00.000Z
  • Author: Michael Shari
  • Twitter: @BarronsOnline
  • Citation: Web link (Learn more)

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Eurozone concerns mount as inflation dips and economy slows

LONDON ‘ Further signs of a cooldown in the eurozone economy emerged Friday, weighing on expectations that the European Central Bank will start raising interest rates this year.

Inflation across the 19-country currency union fell in December to an eight-month low in the wake of the recent slump in oil prices. And a closely watched survey found that the eurozone economy barely grew during the month largely because of popular protests that brought much of France to a standstill.

Eurostat, the European Union’s statistics agency, said consumer prices were up 1.6 percent in the year to December, down from the previous month’s 1.9 percent. Inflation is now at its lowest level since April.