EUR News

The Ifo Institute downgraded Germany's growth outlook as the weakness in the industrial sector is gradually spreading to other sectors.

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European Central Bank President Mario Draghi said on Tuesday that the central bank still has room to cut interest rates and measures to cushion the side effect from low interest rates, triggering accusation from the US President Donald Trump that such comments were unfair to his country.

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Eurozone's consumer confidence improved more-than-expected in July, preliminary data from the European Commission showed on Tuesday.

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Germany's factory orders rebounded in June driven by strong demand from non-euro area economies, data from Destatis showed Tuesday. Factory orders grew by a more-than-expected 2.5 percent on a monthly basis in June, offsetting a revised 2 percent drop in May. The expected pace of growth was 0.5 percent. June's increase was driven by a 5 percent rise in foreign orders. New orders from the euro ar

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Belgium's business confidence rose slightly in September, after declining in the previous few months, survey data from the National Bank of Belgium showed on Tuesday.

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Spain's economy grew less than previously estimated in the second quarter, final data from the statistical office INE showed Monday.

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Spain's industrial production grew at the fastest pace in four months in August, figures from the statistical office INE showed on Tuesday.

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Germany's investor confidence decreased slightly in October, defying expectations for a steep fall, survey data from the ZEW - Leibniz Centre for European Economic Research in Mannheim showed on Tuesday.

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Euro area banks slightly eased the credit standards for loans to enterprises and those to households for house purchase in the third quarter, data from the third quarter euro area bank lending survey from the European Central Bank showed on Tuesday. Banks had expected them to remain broadly unchanged in the previous survey.

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European Central Bank President Mario Draghi will be chairing his final monetary policy meeting on Thursday, but the savior of euro known for his buzzwords "whatever it takes", leaves behind a legacy marred by controversy. Draghi, who is set to handover the reins of the ECB to former IMF Managing Director Christine Lagarde at the end of the month, is unlikely to announce any policy change.

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