Tag: ECB – European Union

Euro-Zone Economy Crashes on Coronavirus Business Shutdowns

(Bloomberg) — The euro zone is sinking into the biggest economic crisis in its history as measures to contain the coronavirus pandemic bring much of the business world to a standstill.IHS Markit’s measure of private-sector activity plunged to the lowest since the index was started — and the currency
— Read on ca.finance.yahoo.com/news/euro-zone-economy-crashes-coronavirus-090000584.html

Euro Zone Faces Biggest Economic Crisis in History: Virus Update

(Bloomberg) — The euro zone economy is sinking as countries toughen containment efforts, implementing strict stay-at-home policies even as China prepared to lift its lockdown in Wuhan, the city at the center of the original outbreak. Germany is evaluating a stimulus program to boost the economy after
— Read on ca.finance.yahoo.com/news/u-k-lockdown-trump-wants-230019210.html

Worst Plunge Since 2016 Drags European Stocks Toward Bear Market

(Bloomberg) — A sweeping equity sell-off across Europe dragged several stock benchmarks toward a bear market after an all-out price war in oil dealt a new blow to investors already grappling with jitters about the spread of the coronavirus.The Stoxx Europe 600 Index slumped as much as 7.7%, the most
— Read on ca.finance.yahoo.com/news/worst-plunge-since-2016-drags-082735017.html

Negative interest rates turn saving, borrowing upside down

FRANKFURT — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it’s the bank, not the saver, who collects interest.Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world where economic
— Read on ca.finance.yahoo.com/news/negative-interest-rates-turn-saving-160014230.html

French, Italian Economies Shrink in Blow to Europe’s Recovery

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The French and Italian economies unexpectedly shrank at the end of 2019, casting a shadow over expectations the euro area was on a firmer footing.France’s strike-ridden economy contracted
— Read on ca.finance.yahoo.com/news/french-economy-shrinks-first-time-063534455.html

LVMH Louis Vuitton News: Bernard Arnault Earns $39 Billion – Bloomberg

LVMH, the owner of luxury brands from Louis Vuitton to Dom Perignon, has gained $82 billion in market value this year, the most among European stocks. That would amount to a gain of about $39 billion for the region’s richest man, Bernard Arnault, who owns nearly half the company, according to Bloomberg data. The Swiss market also enjoyed a strong year, represented by Nestle SA and Roche Holding AG, while technology stocks remain hot, boosting sector giants ASML Holding NV and SAP SE.
— Read on www.bloomberg.com/news/articles/2019-12-16/louis-vuitton-owner-tops-european-gains-by-market-value-chart