EUR News

The planned summit to sign the Comprehensive Economic and Trade Agreement (CETA) between the European Union and Canada was still possible on Thursday, European Council President Donald Tusk said Wednesday.

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Spain's manufacturing sector growth improved more-than-expected in October, as output and new orders rose at faster rates, survey figures from IHS Markit showed Wednesday.

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German joblessness unexpectedly dropped for a second straight month in October to a fresh record low and the number of those without jobs exceeded expectations by a wide margin, adding more evidence to the robustness of the biggest euro area economy.

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"Inflation has increased somewhat since earlier this year but is still below the Committee's 2 percent longer-run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports. Market-based measures of inflation compensation have moved up but remain low; most survey-based measures of longer-term inflation expectations are little changed, on balance, in recent months."

Eurozone growth is set to slow next year amid increased downside risks mainly due to 'Brexit' and uncertain economic trends in China, the European Commission said Wednesday as it trimmed the 19-nation economy's outlook.

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Markets have rushed into concluding that the U.S. economy is poised for more growth on an expansionary budget policy, after Donald Trump won the presidential election last week, European Central Bank Vice President Vitor Constancio said Monday.

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The European Commission recommended a fiscal expansion of up to 0.5 percent of GDP next year for the euro area that is expected to contribute to a balanced policy mix, to support reforms and to strengthen the recovery.

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European Central Bank policymakers widely agreed that it was better to wait until December to get a clearer picture of the inflation outlook to form a policy view, minutes of the October rate-setting session showed Thursday.

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Belgium's consumer confidence strongly improved in November after falling sharply in the previous two months, survey data from the National Bank of Belgium showed Monday.

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A German think tank trimmed the country's economic growth forecasts for next year, saying that high global uncertainty after the 'Brexit' and Donald Trump winning the U.S. election, is going to hurt investment and exports.

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