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Eurozone jobless rate hits lowest level in almost nine years as recovery strengthens

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Unemployment in the Eurozone hit its lowest rate for almost nine years last November, the latest sign of the revival of the single currency area’s economy. Eurostat, the EU's official statistics agency said that the jobless rate fell to 8.7 per cent, hitting analyst predictions and down from 8.8 per cent in October. The figures are the lowest since January 2009, when the eurozone was reeling from a deep recession following the global financial crisis. The agency said the number of unemployed fell by 107,000 during the month, taking the total do... Read More »

Lloyds Bank: Eurozone shares show biggest decline as investors surge towards safe haven assets


Eurozone shares sees largest annual decline in sentiment since the start of the survey Gold and UK government bonds are the only asset classes to enjoy a monthly increase in sentiment Actual market performance shows price declines for nine out of ten asset classes, with UK government bonds recording the only increase UK shares, whilst continuing to be viewed positively, saw the second biggest decline in sentiment to 26%, reversing the 14pp increase seen last month for the asset class, bringing it back to pre-election levels in May. The “... Read More »

Statistics Netherlands: Inflation in December down to lowest level in more than 5 years


Inflation in December down to 0.7 percent Cheaper motor fuels have downward effect on inflation Eurozone inflation rate down to - 0.2 percent Petrol station prices further down Just as in November, lower motor fuel prices pushed down inflation in December. For the third month in a row, fuel prices at the petrol station have fallen substantially. In December, the price of a litre of unleaded petrol averaged 1.55 euros, i.e. 0.14 euros below the level of one year previously. The average monthly price level of petrol has not been this lo... Read More »

Deepening the debate on automatic stabilizers for the Eurozone International conference in Brussels on 20 June 2014


These and other questions will be addressed during an international conference that will take place in Brussels on 20 June 2014. The event entitled “Economic shock absorbers for the Eurozone. Deepening the debate on automatic stabilizers” is jointly organized by the Bertelsmann Stiftung and the European Commission. 150 internationally renowned policy-makers and experts are expected to participate. Last October, the Bertelsmann Stiftung and the European Commission co-hosted a first expert discussion on automatic stabilizers for the Eurozone. ... Read More »

Lloyds Bank: Investor sentiment in UK property slows


Confidence in UK property and shares still the highest; 52 percent and 38 percent respectively. Investor Sentiment Index records its largest average drop; down 3 percent. Gold and commodities remain relatively stable. Investor confidence across all asset classes fell this month according to the Lloyds Bank Private Banking Investor Sentiment Index with UK property, and UK and Eurozone shares registering the largest drops. This was mirrored in part by UK property, which recorded a fall in sentiment of seven percentage points (from 60 perc... Read More »

Investors most confident in UK asset classes


According to the monthly survey, the net sentiment among investors towards UK property from March 2013 to March 2014 has seen a positive increase of 50 points, from 9% in 2013 to 59% this month. Similarly, sentiment towards UK shares has seen an approximate increase of 25 points over the course of the year, from around 16% in March 2013 to over 41% in March 2014. This is compared to US shares, a seven point improvement from last year, Japanese shares, a one point decrease, and Emerging Market shares, a three point decrease, from this time la... Read More »

Lloyds Banking Group: Investor confidence in UK shares hits record high


Sentiment towards UK stocks reaches highest point in investor survey’s 11-month history Positive outlook follows strongest year for FTSE 100 since 2009 Lloyds Bank Private Banking holds 'overweight' position in UK, Japan and Eurozone equities According to the monthly survey, the net sentiment1 among surveyed investors has risen to +38 at the start of January, with over 47% of respondents holding a positive view just 9% holding a negative view, while 31% held a neutral view. This is in sharp contrast to March 2013, when the figure was jus... Read More »

Growth, employment and promoting social cohesion will be Greece’s priorities during its 6-month presidency of the EU, which started on New Year’s Day


The Greek presidency's top priorities are tackling the major problem of youth unemployment increasing the availability of credit to small and medium-sized businesses. Greece also wants to step up EU action on illegal migration and make changes to EU strategy in the fields of maritime affairs and data protection legislation. Another issue on the agenda is reaching agreement on the use of first-generation biofuels and shale gas. An important summit with African countries is scheduled to take place during the Greek presidency, and it i... Read More »

BGL BNP Paribas helps companies migrate to SEPA


The regulation aims to harmonise the euro payments systems used in the 33 European countries making up the SEPA area. It does so by establishing the same execution rules and standards, thus eliminating differences between cross-border and domestic payments in euro. Regarding the SEPA Credit Transfer (SCT), most of the transfers made from Luxembourg already meet these standards. By contrast, migration of the national direct debit system to SEPA Direct Debit (SDD) is nowhere near complete. Given the major impacts involved, BGL BNP Paribas has ... Read More »

Eurozone recovering faster than expected


Finland and Germany recorded the highest growth of 0.7 percent. However, there was also good news for Portugal, which, despite recent social unrest and political turmoil over its bailout programme, saw its economy grow by 1.1 percent. Meanwhile, France recorded a 0.5 percent growth rate, which will dampen concerns that the country's economy will remain stagnant in 2013. The statistics indicate that the European economy is recovering faster than expected and could post an overall growth rate for 2013. In May, the EU executive forecast that... Read More »

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