The Latest Breaking News from eurozone

Services are fuelling eurozone growth, but weak manufacturing and rising costs continue to weigh on the economy.

Resilient domestic demand is driving growth in the eurozone despite global economic headwinds.

December S&P 500 E-Mini futures (ESZ25) are up +0.36%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.55% this morning, pointing to a higher open on Wall Street as investors wager that a resilient economy and further rate cuts from the Federal Reserve will continue to underpin corporate earnings.

While cash use is declining across Europe, more than half of all payments are still made with banknotes. Its usage share is, however, much lower in terms of value.

Eurozone inflation rose to 2.2% in September, its highest in five months, driven by services and energy. Core inflation held at 2.3%, suggesting underlying pressures remain firm. The data reinforces the ECB’s stance to keep rates on hold for now.

The dollar index (DXY00 ) on Thursday fell by -0.28%. The dollar gave up an early advance and retreated Thursday after US weekly jobless claims unexpectedly rose to a 3.75-year high and Aug CPI was right on expectations, cementing expectations for at least a 25 bp rate cut by the...

As analysts widely expected, the European Central Bank kept its benchmark interest rate untouched on Thursday. This comes as the eurozone economy shows signs of resilience and inflation remains close to the ECB’s 2% target.

Eurozone inflation edged up to 2.1% in August, slightly above expectations but still near the ECB's target. Core inflation stayed at 2.3%.

The dollar index (DXY00 ) on Thursday fell by -0.40%. The dollar was under pressure Thursday from a stronger yuan, which rose to a 9.5-month high against the dollar. The dollar also remains under pressure due to concern over the Fed's independence and fears about capital flight with President Trump's...