Dow Jones Europe

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		Notes & Links
Dow Jones Europe Index

Dow Jones Europe Stock Index , 20 week exponential average in green, 5 week exponential average in red, MACD (moving average convergence divergence) in green.

Europe Notes & Links:
11/27/2020 The euro was the most used currency for global payments last month, the first time it has outpaced the dollar since February 2013. The US is losing its $ dominance. 10/13/2020 Since the pandemic, we’ve had the U.S. and China both say they are developing their own respective digital currencies, and now Christine Lagarde the head of the ECB, mentions that the “ECB is seriously looking at the creation of a digital euro… She also says that the new digital euro wouldn’t “ever” replace the euro, just be a supplement to the cash euro.” This is probably note particularly good for the Bitcoins of the world. 12/6/2015 The Economist) The European Central Bank headed in the other direction, though not as far as expected. On Thursday, the ECB pushed its deposit rate further into negative territory, from -0.2% to -0.3%, and promised to extend its bond-buying programme by six months, to March 2017. But markets had anticipated more. European share prices fell and the euro rebounded from recent lows. Euro Zone third-quarter GDP growth slowed to 0.3%. The European Union predicted that 3m more migrants could arrive by the end of 2017. 9/6/2015 In the euro zone Germany has the lowest unemployment at 4.7% Greece the highest at 25% France is at 10.4% Euro-zone jobless rate improves to 10.9 % in July Mario Draghi says Europe is ready to counter China slowdown and Brussels will use the tools at its disposal to prevent a broader crisis. 3/16/15 European stock funds attract $5.2 billion in ninth straight week of inflows 11/30/14 The European Central Bank said that it has begun buying asset-backed securities, as it seeks to get banks to lend and revive the economy. The purchases are expected to last for two years. 10/3/14 Eurozone jobless rate stable at 11.5% in August Eurozone annual inflation down to 0.3% in September 8/3/14 Eurozone manufacturing purchasing managers' index (PMI) held steady at June's seven-month low of 51.8, as ongoing expansion was partly offset by a deeper downturn by French manufacturers 5/26/14 When it meets on June 6, SPIEGEL has learned, the European Central Bank may implement a negative interest rate for financial institutions seeking to park their money at the Frankfurt powerhouse. The move is aimed at spurring loans. 5/5/14 Tehran says it is capable of shipping "big volumes" of gas to Europe if required as Russia threatens Ukraine's energy supplies. 4/13/14 The Eurozone unemployment rate was 11.9 % in February, stable since October 2013 The Eurozone ‘s inflation is expected to drop to 0.5 % in March from 0.7 % in February, the lowest since November 2009 and further below the European Central Bank's target of just under 2 % (Reuters) - The European Central Bank is ready to make asset purchases if it deems them necessary to counter a too prolonged period of low inflation in the euro zone, ECB Executive Board member Benoit Coeure said. 3/16/14 Eurozone to saty becalmed: The current rates of inflation, unemployment and the rate of growth in the Eurozone look set to prevail for the next couple of years –economists. 3/2/14 Eurozone inflation stable at 0.8% in February Eurozone unemployment rate at 12 % in Jan. Eurozone economy grew 0.3 % in Q4 11/28/13 Eurozone jobless rate stands at 12.1% in Oct. European Central Bank member Joerg Asmussen said the ECB, which cut interest rates to a record low earlier, was ready to take further action if necessary and instruments at its disposal included negative deposit rates. 11/15/13 The European Commission has exercised historic new EU powers allowing it to revise national budgets for the first time. Crime rates will soar, economies will stagnate and Europe's social fabric will deteriorate if policymakers do not act to address youth unemployment, World Economic Forum report warns. 11/3/13 •Eurozone's CPI is at a 4-year low in September 8/24/13 Consumer confidence in both the euro area and the European Union (EU) rose in August, from minus 17.4 in July to minus 15.6. Eurozone PMI rises to 51.7 in August 7/6/13 The European system of carbon trading has practically collapsed as politicians prioritize the economy over the environment. Car sales are down 10% in Austria, France and Germany, and 47% in Romania. The European market has contracted by a quarter from its heyday before the debt crisis and the fiscal squeeze. 5/3/13 The European Central Bank cut its main refinancing rate by a quarter of a percentage point to 0.5 per cent. Europe will enforce the world's first continent-wide ban on widely used insecticides (neonicotinoid pesticides) linked to serious harm in bees. As recession continues to sap the Eurozone and wider EU, the Eurostat data agency reported an extra 62,000 people joining unemployment queues in just four weeks in the 17-nation Eurozone as the jobless rate climbed for the 23rd consecutive month -- hitting 12.1% in March. 3/17/13 Europe braced for renewed turmoil with outrage in Cyprus over an unprecedented levy on bank deposits. Depositors in Cypriot banks will be hit with a one-off tax on their savings, marking the first bailout for any eurozone country in which depositors will directly lose money. Holders of bank accounts with more than 100,000 euros will be taxed at 9.9 percent, and an additional 6.75 percent levy will be imposed on deposits below that level, raising an expected 5.8 billion euros for the Mediterranean island. 1/18/13 Eurozone inflation rose by 2.2% in December (Spiegel) Young Europeans in countries hit hardest by the Continent's economic crisis are finding it difficult to move out of their parents' home. Data shows that over 50% of those aged 25 to 34 in some countries have yet to move out. 1/4/13 Eurozone finance ministers agreed to cede power to a common bank supervisor in Frankfurt -- its first big step towards banking union. 11/4/12 The eurozone will take at least another five years to recover from the crippling debt crisis that has hampered even Europe's most powerful economy, according to German Chancellor Angela Merkel. Euro zone’s economic confidence in October as reflected by the Economic Sentiment Indicator (ESI) hit the lowest level since September 2009 at 84.5 points. For the 27-nation EU, the jobless rate stood at 10.6% in September, unchanged from last month. It was 9.8 % a year ago. 9/7/12 EU Central Bank chief Mario Draghi on Thursday overrode German concerns and announced a program allowing for unlimited purchases of sovereign bonds from struggling euro-zone member states. 7/27/12 French President Hollande and German Chancellor Merkel expressed their determination to save the euro. The two agreed that the two countries were "fundamentally attached to the integrity of the euro area" and that "they are determined to do everything to protect it". Mario Draghi, the ECB president, vowed to do "whatever it takes" to save the euro within limits of its mandate. "Believe me, it will be enough," he said. 7/13/12 The euro fell to multi-year lows against a range of currencies on fears of a deepening slump in Italy and Spain. Statistics released by the European Central Bank (ECB) indicated that the eurozone is in a liquidity trap, economists with a German bank said ECB cut its main lending rate by a ¼% to 0.75% The seasonally adjusted industrial production in the 17-member Eurozone saw a 0.6% MoM rise in May. 6/10/12 The EU issued a statement in support of Spain's request for financial assistance for its troubled banks. It added that it expects the loans to total about 100 billion euros ($125 billion). Geithner said that Spain's request for a bank rescue and Europe's willingness to prop up the country with as much as $125 billion in aid was welcome actions. German Finance Minister Schaeuble said that Spanish banks are not at all a danger for the stability of the euro and added that they will now be getting the capital they need. 2/23/12 Fed chairman exhorts Europe's leaders to beef up its banks. A tax on financial transactions could help improve revenues for EU cities and regions, the president of the European Parliament said. 3/16/12 Eurozone inflation stable at 2.7% in February Eurozone industrial production rose by 0.2% in January 1/24/12 (Spiegel) The EU has banned oil imports from Iran to try and pressure the regime into making concessions over its controversial nuclear program. But even though the Iranian economy is suffering, Tehran is refusing to give ground. Meanwhile, the Revolutionary Guards are profiting from the sanctions. 1/6/12 The unemployment rate in the Eurozone stayed at 10.3 % in November, unchanged from October. 12/15/11 Having vetoed his way into isolation at last week's European Union summit, Cameron is now looking for allies. Merkel calmly told parliament that a solution would take years and German central bank head Jens Weidmann compared demands for ECB intervention to an alcoholic grabbing for the bottle. 12/9/11 Every European nation except for Britain (Cameron is trying to “protect bankers from regulation") agreed to consider forging closer economic ties in hopes of preventing another debt crisis. 12/8/11 ECB cut lending rate to 1% from 1.25%. 12/6/11 The selectively attentive Standard & Poor's has warned that it could downgrade the AAA rating of the Eurozone debt rescue fund, a day after nearly all governments of the monetary union were given a similar notice. &P may downgrade the triple-A ratings of six European nations including Germany, according to the Financial Times. (Telegraph) If only S&P had been such attentive party poopers at the height of the credit bubble we wouldn't be in the mess we are in now. 12/2/11 MoM the industrial producer prices index rose by 0.1 % in the Eurozone in October. 12/2/11 Central bankers in the United States, Eurozone, Japan, Switzerland and Canada have launched co-ordinated global action to ease the growing credit crisis among Eurozone banks by lowering the price on existing dollar swaps. There is no quick fix to Europe's debt woes that threaten to escalate into a more widespread credit crunch, Bank of Japan Deputy Governor Kiyohiko Nishimura warned on Wednesday The unemployment rate in the Eurozone hit a record high of 10.3% in October 11/29/11 Weak growth, continuing Eurozone woes and an absence of safe havens will ensure a tough year for investors in 2012, according to a new report from Merrill Lynch All measures of the money supply in the Eurozone contracted in October with drastic falls across parts of southern Europe, raising the risk of severe recession over coming months. 11/11/2011 Pritchard: The ECB is under intense pressure to step up purchases of Italian bonds after premier Silvio Berlusconi finally relinquished power, clearing the way for Mario Monti to form an emergency government of technocrats. Pritchard: Italy's gentle saviour is tougher than he looks. Mario Monti is a free-marketeer who disguises Thatcherite views and a steel will behind a cloak of unflappable good manners. Pritchard: Europe's scorched-earth policies have begun in earnest. The inherent flaws of monetary union have created a crisis of such gravity that EU leaders now feel authorized to topple two elected governments. 11/3/11 Mario Draghi made his debut as head of the ECB with a surprise interest rate cut from 1.5% to 1.25%. Mario Gabelli: Greece has about as much impact as Maryland 10/17/11 Bloomberg: European leaders have one week to settle differences and flesh out a strategy to terminate their sovereign debt crisis as global finance chiefs warn failure to do so would endanger the world economy. The Eurozone trade deficit stood at 3.4 billion Euros (4.7 billion U.S. dollars) in August. Annual inflation in the Eurozone stood at 3.0% in September. 9/18/11 (FT) European central banks have become net buyers of gold for the first time in more than two decades. 9/9/11 Trichet warned there are increasing risks for the euro zone’s waning economic recovery and less chance of inflation. 8/19/11 The Euro-area expanded by only 0.2% according to first estimates. 8/2/11 The PPI remained stable in the EU 17 in June, rising by 0.1% 7/28/11 The economic sentiment indicator (ESI) for the EU 17 fell by 2.2 points to 103.2 7/7/11 ECB raises interest rates to 1.5%. 5/4/11 Retail trade volume in the Eurozone dropped 1.0% MoM 5/3/11 Industrial producer prices in the Eurozone rose by 0.7 % MoM 4/28/11 The unemployment rate in the euro zone was 9.9 in March, unchanged from February. Annual inflation in the euro zone rose to 2.8 in April. 3/18/11 The Eurozone annual inflation rate was is 2.4% 2/8/11 Euro zone’s economy grew by 0.3 % in Q3 1/2/11 The Centre for Economics and Business Research said the likelihood the euro area will exist in its current structure in a decade is 20 % as governments take unsatisfactory measures to tackle economic imbalances. 12/16/10 Annual inflation in the euro zone remained stable at 1.9 % in November 11/5/10 MoM Industrial producer prices in the euro zone rose by 0.3 % in September 11/1/2010 Eurozone economic confidence continued to rise in October, the ESI for the 16-nation bloc increased by 2 points to 104.1. And for the 27-member European bloc, the ESI also rose to 104.1 points, up by 1 point. 10/25/10 MoM Industrial new orders in the euro zone rose by 5.3% in August 9/2/10 EU PPI rose by 0.2% MoM YoY EU GDP grew 1% in Q2 8/31/10 Jobless rate in the Eurozone remained at 10% in July. Annual inflation in the Eurozone dropped slightly to 1.6% in August 8/23/10 A composite index of euro-area purchasing managers fell to 56.1 from 56.7 in July 7/29/10 EU economic sentiment indicator for the 16-nation currency area rose to 101.3 in July, a 28-month high, from an upwardly revised 99.0 in June. 7/14/10 EU area annual inflation was 1.4% in June, down from 1.6% MoM EU Industrial output rose by 0.9% MoM and was up 9.4% compared to May 2009 7/7/10 GDP in the EU rose 0.2% in Q1 and 0.5% YoY 7/2/10 EU unemployment rate stayed at 9.6% in May. 7/1/10 Manufacturing in the Euro zone fell from 55.8 to 55.6 in June 6/14/10 EU industrial production rose 0.5% MoM and up 7.8% YoY 6/10/10 The ECB kept its interest rate unchanged 6/7/10 Now some positive news about the Euro: A majority of economists polled in Europe said the euro, only 10 years old, is unlikely to survive for another five years. Now some positive news about the Euro: A majority of economists polled in Europe said the euro, only 10 years old, is unlikely to survive for another five years. 6/3/10 EU sales fell 1.2% MoM and down 1.6% YoY. EU purchasing managers' index fell from 57.3 to 56.4. 6/1/10 Unemployment rate for the EU was unchanged at 9.7% in April. Manufacturing in the Euro zone fell from 57.6 to 55.8 in May 4/23/10 EU industrial new orders rose 1.1% in February and 12.7% YoY 4/22/10 Manufacturing and services in the Euro area rose from 55.9 to 57.3 4/14/10 Industrial production in the EU rose 0.7% MoM and up 3.5% YoY 4/1/10 Manufacturing index in the Euro area rose from 54.2 to 56.6 in March 3/24/10 Fitch Rating Services cut the credit rating for Portugal one step to AA-. Industrial new orders in the EU fell 0.2% MoM, but rose 6.3% YoY Services and manufacturing index in the Euro area rose from 53.7 to 55.5 in March 3/17/10 EU construction output fell 2.0% in January. 3/7/10 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker said European officials are lucky that the euro region’s first major crisis was sparked by one of its smaller members and he’s confident the currency will survive. 3/1/10 (WSJ) The EU's monetary affairs commissioner said the EU is ready to support Greece, but urged the country to take further measures to shrink its budget deficit. 2/12/10 EU GDP rose 0.1% in Q4 EU industrial production fell 1.9% in January and 4.9% YoY 2/3/10 EU retail sales volume fell 0.1% MoM and 1.0% YoY. 2/2/10 YoY Producer prices in the EU fell 2.9% 2/1/10 Manufacturing in the EU rose from 51.6 to 52.4 in January 1/19/10 EU construction output fell 0.6% in November and down 6.7% YoY 1/6/10 EU industrial new orders fell 1.6% MoM and down 14.1% YoY. 1/5/10 YoY Consumer prices in the Euro area rose 0.9% in December 12/16/09 EU consumer prices rose 1.0% YoY 12/14/09 Industrial production in the EU fell 0.7% in October and down 10.2% YoY Employment in the EU fell 0 .5% in Q3 and down 2.0% YoY 12/3/09 EU GDP rose 0.3% in Q3 12/1/09 EU unemployment was unchanged at 9.8% in October. 11/24/09 Industrial new orders in the EU rose 1.7% MoM, but fell 16.4% YoY 11/18/09 EU construction output fell 1.1% 11/16/09 YoY EU consumer prices rose 0.5% in October 11/12/09 EU industrial production rose 0.2% MoM but fell 12.1% YoY. 11/4/09 Services in the Euro zone rose from 52.3 to 52.6 in October 10/27/09 The eurozone reports the first YoY fall in bank lending to the private sector of 0.3% -- strengthening the case for the ECB to maintain its ultra-loose interest rate policy. 10/23/09 EU industrial orders rose 1.2% MoM, but fell 22.3% YoY 10/21/09 (Spiegel) The European Union is funding ambitious programs aimed at monitoring human behavior in an effort to identify deviance and pick out potential terrorists. The implications for privacy are myriad. 10/20/09 Construction output in the EU fell 0.5% MoM and 11.1% YoY. 10/16/09 YoY EU exports fell 20% in August 10/15/09 Consumer prices in the EU rose0.3% YoY. 10/7/09 GDP in the EU fell 0.3% QoQ and down 4.9% YoY 10/5/09 Retail sales in the EU fell 0.3% MoM and 1.8% YoY. EU manufacturing and services rose from 50.4 to 51.1. 9/17/09 Construction output in the EU fell 1.1% MoM and 11.1% YoY 9/16/09 YoY Consumer prices in the EU rose 0.6% in August 9/14/09 EU industrial production fell 0.2% in July and 14.7% YoY 9/3/09 Retail sales in the EU rose 0.2% in July. Purchasing Managers Index in the EU rose from 50.0 to 50.4 in August 9/2/09 GDP in the EU fell 0.2% in Q2 Producer prices in the EU fell 1.0% MoM and 8.4% YoY 9/1/09 EU unemployment -rose from 8.9% to 9.0% in July 8/28/09 EU consumer confidence rose from 76 to 80.6 in August. 8/24/09 Industrial new orders in the EU fell 0.4% MoM and down 24% YoY 8/18/09 Construction output in the EU fell 3.3% MoM and down 14.1% YoY. 8/17/09 Euro Zone’s June Trade Balance out at 1.0B (1.3B expected) and 1.1B in May 8/12/09 Industrial production in the EU fell 0.2% MoM and 15.6% YoY 8/7/09 The European Central Bank and 18 other banks agreed to limit their sales of gold to no more than 400 tons per year until 2014. 7/31/09 Unemployment rate in the EU rose from 8.8% to 8.9% in June. EU July CPI fell 0.6%. (-0.4% expected) 7/23/09 Euro Zone May Current Account out at -1.2B vs. -6.1B in Apr. 7/22/09 MoM Euro Zone May Industrial New Orders fell -0.2% 7/17/09 Euro Zone May Construction Output fell -2.0% MoM. 7/15/09 Euro Zone June CPI rose 0.2% MoM. Core CPI rose 1.4% YoY 7/14/09 Industrial production in the EU rose 0.1% in May, but fell 15.9% YoY 7/6/09 Retail sales in the EU-27 fell 0.5% in May. Euro Zone July Sentix Investor Confidence fell to -31.3 from -27.0 in June 7/2/09 The unemployment rate in the EU rose from 8.7% to 8.9% in May The European Central Bank met and kept its interest rate unchanged at 1.0%. 6/25/09 Euro zone’s index of industrial new orders fell 0.5% MoM and 35% YoY 6/23/09 Euro Zone June PMI Manufacturing out at 42.4 versus 40.7 in May. Euro Zone June PMI Services out at 44.5 versus. 44.8 in May 6/22/09 The World Bank expects world GDP to fall 2.9% in 2009, worse than the 1.7% predicted in March. They expect U.S. GDP to fall 3% and 4.5% in Europe. 6/17/09 Construction output in the EU rose 0.7% in April. 6/16/09 YoY Consumer prices in the Euro area rose 0.7% in May 6/12/09 EU industrial production fell 21.6% YoY. 6/4/09 Retail sales volume in the EU area rose 0.5% MOM, but fell 1.4% YoY. 6/2/09 The unemployment rate in the EU rose from 8.4% to 8.6% in April Manufacturing index in the Euro zone rose from 36.8 to 40.7 5/28/09 Euro Zone May Consumer Confidence was steady at -31 vs. -30 expected 5/21/09 European manufacturing and services index rose from 41.1 to 43.9 5/19/09 Construction output in the EU fell 2.1% MoM and 10.5% YoY 5/15/09 GDP in the Euro area fell 2.5% QoQ and down 4.6% YoY Consumer prices in the Euro area rose 0.6% YoY 5/7/09 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said the ECB unanimously agreed on a 60 billion- euro ($80.5 billion) plan to buy bonds as officials step up their response to the worst recession since World War II. The ECB lowered its interest rate from 1.25% to 1.00%. 5/6/09 Retail sales in the Eurozone fell 0.6% MoM and down 4.2% YoY Euro zone's composite index of manufacturing and services rose from 38.3 to 41.1 in April 5/5/09 YoY Producer prices in the Euro area fell 3.1% in March 4/30/09 Unemployment rate in the Euro area rose from 8.7% to 8.9% in March Consumer prices in the Euro area rose 0.6% 4/23/09 Industrial new orders in the Euro area fell 0.6% in February. Euro area composite index of services and manufacturing increased from 38.3 to 40.5 4/17/09 Construction output in the Euro area fell 1.8% MoM and 11.8% YoY. 4/16/09 Industrial production in the Euro area fell 2.3% in February and 18.4% YoY 4/2/09 The European Central Bank reduced its interest rate from 1.50% to 1.25 4/1/09 Unemployment rate in the Euro area rose from 8.3% to 8.5% in February 3/30/09 Economic sentiment in the Euro area fell from 65.3 to 64.6 in March 3/27/09 Industrial new orders in the Euro area fell 3.4% MoM and down 34% YoY 3/23/09 Construction output rose 1.3% in the Euro area but fell 9.1% YoY. 3/20/09 Industrial production in the Euro area fell 3.5% in January 3/16/09 YoY consumer prices in the Euro area rose 1.2% in February. 3/13/09 The European car market shrank 18% in February 3/5/2009 The ECB cut rates from 2.00% to a record low 1.50%, as expected. GDP in the Euro area fell 1.5% in Q4, but rose 0.8% for all of 2008. 2/27/09 Unemployment in the Euro area rose from 8.1% to 8.2% in January. Consumer prices in the Euro area rose 1.1% YoY 2/25/09 Industrial new orders in the Euro area fell 5.2% MoM and 22% YoY. YoY EU steel production fell 45.9% in January 2/11/2009 European banks sitting on £16.3 trillion of toxic assets may suffer massive losses according to a confidential Brussels document 2/5/09 The European Central Bank kept its interest rate unchanged at 2.0% 2/4/2009 Retail sales in the Euro area fell 1.6% YoY 2/3/09 Industrial producer prices in the Euro area fell 1.3% MoM. 1/30/09 Unemployment in the Euro area rose from 7.9% to 8.0%. Euro area inflation was 1.1% per cent in January – the lowest since June 1999 1/15/09 The European Central Bank cut its interest rate from 2.50% to 2.00% Consumer prices rose 1.6% in the Euro area 1/14/09 Industrial production in the Euro area fell 1.6% MoM, and 7.7% YoY. 1/8/09 Euro zone business sentiment fell to 67.1 from Novembers 74.9 - the lowest level since records started in 1990. Euro zone GDP fell 0.2% QoQ, Euro zone unemployment rate rose from 7.7% to 7.8%. 1/7/09 Euro area’s producer prices fell 1.9% MoM, but rose 3.3% YoY. 1/6/09 Inflation in the eurozone fell more than expected to 1.6% in December. 12/17/2008 YoY Consumer prices in the Euro area rose 2.1% Construction output in the Euro area rose 0.1% in October, but down 4.0 YoY 12/16/2008 Manufacturing and services index in the Euro area fell from 38.9 to 38.3 12/12/2008 Industrial output in the Euro area fell 1.2% in October and 5.3% YoY The EU will spend 200 billion Euros, 1.5% of GDP, to help the economy. 12/4/2008 The European Central Bank reduced its interest rate from 3.25% to 2.50%, GDP in the Euro area fell 0.2% QoQ, but up rose 0.6% YoY. 12/3/2008 Retail sales in the Euro area fell 0.8% MoM and 2.1% YoY Services index for the Euro zone fell from 45.8 to 42.5 12/1/08 Euro zone manufacturing fell from 41.1 to a record low of 35.6 in November. 11/25/08 The European Union is plotting a 200 billion euro stimulus plan. 11/24/08 Industrial new orders in the Euro area fell 3.9% in September. YoY orders fell 1.1%. 11/21/08 Manufacturing and services index in the Euro area dropped from 43.6 to 39.7 11/19/08 Construction output in the Euro area fell 1.3% in September. 11/14/08 GDP in the Euro area fell 0.2% in the third quarter of 2008, but rose 0.7% YoY YoY Consumer prices in the Euro area rose 3.2% in October. 11/12/08 Industrial production in the Euro area fell 1.6% in September. 11/6/08 The European Central Bank cut its rate from 3.75% to 3.25% 11/5/08 An index of services in the Euro zone fell from 48.4 to 45.6 in October. 11/5/08 Retail sales volume in the Euro area fell 0.2% MoM and down 1.6% YoY. 11/4/08 YoY producer prices in the Euro area rose 7.9% in September. 11/3/2008 Euro zone manufacturing fell from 45.0 to 41.1 in October. 10/30/08 Unemployment rate in the Euro area remained at 7.5% in September. 10/23/08 Industrial new orders in the Euro area fell 1.2% in August 10/15/08 European car sales fell 8.2% last month. BMW has begun to idle three plants - Opel has shut a factory. YoY consumer prices in the Euro area rose 3.6% in September. 10/14/08 Industrial production in the Euro area rose 1.1% in August, but fell 0.7% YoY. 10/8/2008 The ECB, Bank of England, Bank of Canada and Sweden each cut their benchmark rates by half a percentage point. The ECB's rate is now 3.75 %; Canada's 2.5%; the U.K.'s at 4.5%; and Sweden's rate at 4.25%. 10/7/2008 The EU's Central Bank, Bank of England, and the Swiss National Bank injected $70 billion to the banking system to keep the sector liquid. 10/1/2008 Unemployment for the Euro area rose from 7.4% to 7.5% in August. 9/30/08 Euro zone consumer prices rose 3.6%. 9/12/08 Industrial production in the Euro area fell 0.3% in July. 8/22/08 Industrial new orders for the Euro area fell 0.3% in June. 8/14/08 GDP in the Euro area fell 0.2% in the second quarter. YoY Consumer prices in the Euro area rose 4.0% in July. 8/7/08 The European Central Bank kept its interest rate unchanged at 4.25% 8/5/08 Retail sales volume in the Euro area fell 0.6% in June. 7/23/08 Industrial orders for the Euro area fell 3.5% in May and down 4.4% YoY. 7/16/08 YoY consumer prices in the Euro area rose 4.0% in June 7/14/08 Industrial production in the Euro area fell 1.9% in May and down 0.6% YoY 7/9/2008 GDP in the Euro area rose 0.7% QoQ and 2.1% YoY 7/3/08 The European Central Bank increased its interest rate from 4.00% to 4.25%, as expected. Retail sales in the Euro area rose 1.2% in May. 7/2/08 Producer prices in the Euro area rose 1.2% in May and up 7.1% YoY. 7/1/08 Manufacturing in the Euro area fell from 50.6 to 49.2 in June, the lowest in three years Unemployment in the Euro area stayed at 7.2% in May. 6/26/08 Industrial new orders in the Euro area rose 2.5% in April and up 11.8% YoY. 5/30/08 Unemployment rate for the Euro area remained at 7.1% in April. Consumer prices the Euro area rose 3.6% YoY 5/7/08 Retail sales volume in the Euro area fell 0.4% in March. 4/30/08 Consumer prices in the Euro area rose 3.3% YoY. 4/23/08 Industrial new orders for the Euro zone rose 0.6% in February. Euro zone index of services rose from 51.6 to 51.8 in March. 4/22/08 A member of the European Central Bank said “again” interest rates might need to be raised to fight inflationary pressures. 4/16/08 Consumer prices in the Euro area rose 3.6%YoY 4/9/08 4/9/08 GDP in the Euro area rose 2.6% in 2007. 2/14/08 GDP in the Euro zone rose 0.4% QoQ and 2.3% YoY. 2/13/08 Industrial production in the Euro area fell 0.2%. 2/6/08 Index of services in the Euro area dropped from 53.1 to 50.6. 2/5/08 Retail sales volume in the Euro area fell 0.1% in December. 2/4/08 Producer prices in the Euro area rose 0.1% in December and 4.3% YoY. 1/8/07 The unemployment rate in the Euro area unchanged at 7.2% in November. EU Producer prices rose 0.8% in November and up 4.1% YoY. 1/3/08 Euro-Zone M3 monetary total showed November YoY growth of 12.3%. 12/6/07 The European Central Bank kept its interest rate unchanged at 4.0%. 12/3/07 EU 13 unemployment fell to 7.2 % in October. 11/30/07 GDP in the euro zone rose 2.7% YoY 11/10/07 The European Commission reduced its estimate of GDP growth for the Euro area from 2.5% to 2.2% in 2008, they expect 2.1% growth in 2009. 11/10/07 Europe's central banks sold 50 tons of gold in October. 10/31/07 Unemployment rate in the Euro area dropped from 7.4% to 7.3%. 10/12/07 Industrial production in the Euro area rose 1.2% and 4.3% YoY. 10/3/07 Retail sales volume in the Euro area rose 0.1% in August, and 1.0% YoY. 9/6/07 The European Central Bank kept its interest rate unchanged at 4.0%, as expected. 8/26/07 An index of manufacturing and services in Europe fell from 57.5 to 57.2 in August. 4/24/07 Industrial new orders in the Euro area were down 0.7% MoM, and up 4.7% YoY. 4/4/07 Eurostat said that retail trade volume in the Euro area was up 1.2% YoY. 4/1/07 Inflation in the euro 13 region will probably reach 1.9 percent in March, the European Union said Friday. The unemployment rate in the Euro area fell from 7.4% to 7.3% in February. Business sentiment in the Euro area rose from 109.7 to 111.2 MoM. 3/17/03 Industrial production in the Euro area was down 0.2% in January and up 3.7% YoY. 3/6/07 Eurostat changed its estimate of 2006 real GDP growth in the Euro zone from 2.7% to 2.6%. 2/28/07 The unemployment rate in the Euro area improved from 7.5% to 7.4% in January. The inflation rate in the Euro area improved from 1.9% to 1.8% in January 1/23/07 The Conference Board leading indicators figure for December came in +0.3%, which was better than expected. 1/17/07 YoY Consumer prices in the Euro zone were up 1.9% in December. 12/15/06 YoY Consumer prices in the EU-12 were up 1.9% in November 12/14/06 EU-12 Labor costs up 2.0% YoY. 12/12/06 Euro Zone Economic Sentiment at -3.0 vs. -8.5 expected. 11/30/06 Real GDP in the EU-12 was up 0.5% QoQ and up 2.7% YoY. 11/22/06 Industrial orders in the EU-12 were down 1.3% in September. 11/3/06 The unemployment rate in the EU-12 remained unchanged at 7.8% in September. 11/2/06 Manufacturing in Europe increased from 56.6 to 57.0. 10/18/06 The Euro zone trade deficit with China rose to a record 47.6 bln Euros ($59.7 bln) in the year through July, up 24% YoY. 10/17/06 YoY consumer prices in the Euro-12 were up 1.7% in September. 10/5/06 The European Central Bank increased its interest rate from 3.00% to 3.25%. 10/4/06 YoY Retail sales volume in the EU-12 up 2.4% in August. 10/3/06 The European Aug unemployment rate rose to 7.9% from 7.8% in July, which was the first rise in the unemployment rate in nearly 3 years. 9/15/06 In the EU-12 consumer prices were up 2.3% YoY. 9/6/06 The European Commission raised its economic growth and inflation forecasts for the Euro zone for this year, and said it may also revise up 2007 growth projections in November. 8/30/06 The European Central Bank kept interest rate unchanged at 3.0%, 8/1/06 The unemployment rate in the Euro-12 improved from 7.9% to 7.8% in June while unemployment in the EU-25 improved from 8.2% to 8.1%. 7/31/06 Euro zone confidence rose to a 5-year high in July. 7/5/06 YoY retail sales in the Euro zone increased 0.8% in May. 7/3/06 The unemployment rate in the Euro zone improved from 8.0% to 7.9% in May. In the EU-25. 7/3/06 Manufacturing in the Euro zone increased from 57.0 to 57.7 in June, the highest score in six years. 6/6/06 Index of services in the Euro zone increased from 58.3 to 58.7 in May, the highest in five years. 5/17/06 YoY Consumer prices in the Euro zone were up 2.4% in April 5/8/06 The European Commission increased its estimate of 2006 GDP growth from 1.9% to 2.1% for the Euro zone, but reduced its 2007 estimate from 2.1% to 1.8%. 5/4/06 EU Euro-Zone MoM retail sales for March out at -0.8% vs. 0.1% expected. EU ECB leaves rate at 2.50% as expected. 5/3/06 The unemployment rate in the Euro zone improved from 8.2% to 8.1% in March 4/28/06 YoY the Euro zone consumer prices increased 2.4% in April . 4/20/06 The Euro zone’s consumer price was up 2.2% in March 4/12/06 European 2005 GDP was up 1.3% in the Eurozone and up 1.6% in the EU-25. 04/05/06 An index of services in Europe stayed at 58.2 in March, the highest in five years. 4/3/06 Europe's manufacturing index rose from 54.5 to 56.1 in March, the best in over five. 3/16/06 YoY consumer prices in the Euro zone were up 2.3% in February 3/6/06 Retail sales volumes in the Euro zone were up 0.9% YoY. 3/1/06 The unemployment rate in the Euro zone remained at 8.3% in January. For the EU-25, the unemployment rate was 8.5%. YoY consumer prices in the Euro zone have increased 2.3% in February. 1/19/06 YoY Consumer prices in the Euro zone were up 2.2% in December. 1/3/06 An index of manufacturing in Europe increased from 52.8 to 53.6 in December. 12/1/05 The unemployment rate in the Euro-zone was 8.3% in October. The unemployment rate for the EU-25 was 8.5%. 11/17/05 The European Commission said that the Euro-zone will grow by 1.3% this year, 1.9% in 2006, and 2.1% in 2007. 11/16/05 EuroZone CPI for October at 0.3% as expected. 11/15/05 GDP in the Euro zone was up 0.6% in the third quarter and up 1.5% YoY. For the EU-25, GDP was up 0.6% in the third quarter and up 1.6% YoY. 11/14/05 European Central Bank policymakers issued warnings on inflationary dangers in the euro zone on Monday with two central bankers saying the ECB should raise interest rates before prices surge. 11/14/05 YoY Retail sales in the Euro zone were up 0.9% in September. 10/13/05 GDP in the Euro zone was up 0.3% in the second quarter and up 1.1% YoY. 10/5/05 An index of services in the Euro zone increased from 53.4 to 54.7 in September, stronger than expected 08/04/05 The European Central Bank kept its interest rate unchanged at 2.0%. 08/03/05 An index of services in the Euro zone increased from 53.1 to 53.5 in July. 08/01/05 An index of manufacturing in the Euro zone improved from 49.9 to 50.8 in July, the highest in five months. 07/05/05 An index of retail sales in the Euro zone dropped from 50.1 to 49.2 in June. 06/20/05 Members of the European Union failed to agree on a new seven-year budget over the weekend. 06/01/05 The purchasing managers index for the eurozone, fell from 49.2 in April to a 22-month low of 48.7 in May. A figure below 50 represents contraction. 05/24/05 The Organization for Economic Cooperation and Development (OECD) reduced its 2005 growth forecast for the Euro zone from 1.9% to 1.2% . 05/04/05 The European Central Bank kept its interest rate unchanged at 2.0%, as expected. The rate has not moved for almost two years. 04/13/05 The IMF said that they expect real economic growth in 2005 and 2006 for the Euro area to be 1.6% and 2.3%. 03/04/04 The EU-25 unemployment rate dropped from 8.9% to 8.8%. 03/03/05 An index of services in the Euro-zone dropped from 53.4 to 53.0 in February. 02/28/05 Consumer prices in the Euro-zone were up 1.9% in January from a year ago, the lowest increase in ten months. 02/15/05 GDP in the Euro-zone was up 0.2% in the fourth quarter and up 1.6% YoY, less than expected. For all of 2004, GDP was up 2.0% in the Euro-zone and up 2.3% in the EU-25. 02/03/05 The unemployment rate in the Euro zone increased from 8.8% to 8.9% in December. For the EU-25, the unemployment rate remained at 8.9%. The European Central Bank met and kept the interest rate at 2.00% for the 20th consecutive month. 01/31/05 An index of business confidence in Europe dropped from -4 to -5 in January. 01/14/05 Car sales in western Europe were up 2.1% in 2004 to 14.2 million vehicles, the first annual increase in three years. 01/11/05 President Trichet of the European Central Bank said that he expects the world economy to grow 4% in 2005. 01/11/05 An index of investor confidence in Germany increased from 14.4 to 26.9 in January, stronger than expected. 01/06/05 An index of business confidence in the Euro-zone dropped from -3 to -4 in December, weaker than expected. 01/05/05 An index of services in the Euro-zone was unchanged in December at 52.6. 01/04/05 Eurostat said that YoY inflation in the Euro-zone was up 2.3% in December. 01/03/05 An index of manufacturing in the Euro zone increased from 50.4 to 51.4 in December. 12/22/04 Industrial orders in the Euro-zone were up 0.2% in October and up 0.6% YoY. 12/06/04 An index of retail sales in the Euro-zone fell from 48.3 to 48.0 in November. 12/03/04 An index of services in the Euro-zone dropped from 53.5 to 52.6 in November, the slowest rate of expansion in over a year. 12/01/04 The European Central Bank reduced its growth estimate for 2005 from 2.3% to 1.9%. 12/01/04 GDP in the Euro-zone was up 0.3% in the third quarter and up 1.8% YoY. 12/01/04 YoY Consumer prices in the Euro-zone are up 2.2% in November. 12/01/04 The unemployment rate in the Euro-zone remained at 8.9% in October. 11/23/04 The euro rose to a record against the US dollar for the sixth time this month after Russia’s central bank said it is looking to increase its single currency reserves. 11/17/04 Consumer prices in the Euro-zone were up 2.1% in September and up 2.4% year over year. Industrial production was up 0.5%. 11/12/04 The GDP in the Euro zone was up .3% in the third quarter and up 1.9% from a year ago. 10/18/04 Consumer prices in the Euro zone were up 2.1% in September from a year ago, down from the 2.3% increase in August. 10/14/04 The European Union reduced its 2005 growth forecast from 2.3% to 2.1%, due to high oil prices having a negative impact on the economy. 10/01/04 Index of purchasing managers in Europe fell from 53.9 to 53.1 in September. 09/30/04 Year over year Consumer prices in the Euro zone were up 2.2% in September. 09/22/04 European Central Bank President Jean-Claude Trichet said that he expects GDP in the Euro zone to be up 1.9% this year and 2.8% in 2005. 09/21/04 The Organization for Economic Cooperation and Development 2004 forecast growth for the Euro zone up from 1.6% to 2.0%. 09/07/04 GDP in the Euro zone was up .5% in the second quarter and up 2.0% year over year. 05/26/04 Axel Weber, the new president of Germany's Bundesbank said that the Euro zone's current 2.0% interest rate is not standing in the way of economic growth.