EUR News

The outgoing European Central Bank President Mario Draghi on Thursday stressed the need for a more active fiscal policy in the euro area to help create a conducive environment to raise interest rates in future. In his final post-decision press conference, Draghi said, "If one wants to see higher rates sooner, fiscal policy should be active."

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Eurozone retail sales increased for the second straight month in September, suggesting that household spending has contributed positively to economic growth in the third quarter. Elsewhere, survey results from IHS Markit showed that the euro area private sector expanded slightly more than initially estimated in October, but remained close to stagnation.

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Isabel Schnabel, Germany's nominee to the European Central Bank's Executive Board, urged fellow German economists to tone down their criticism of the central bank's policies.

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Germany's inflation rate remained unchanged in November at its lowest level since early 2018, after slowing for three months, flash data from the Federal Statistical Office showed on Thursday.

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Spain's unemployment increased in November, data from the Ministry of Labor, Migration and Social Security showed on Tuesday.

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The European Central Bank is set to leave its monetary policy unchanged on Thursday in the first meeting chaired by its new chief, Christine Lagarde, and markets will be closely watching how she communicates the message from the central bank on the euro area economy amid sluggish growth and low inflation.

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German economic confidence strengthened to the highest level since 2015, survey results from the ZEW - Leibniz Centre for European Economic Research showed Tuesday.

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Germany's consumer confidence is set to improve in February amid further improvement in economic and income expectations, and private consumption in forecast to grow 1 percent in 2020, results of a survey by the market research group GfK showed Wednesday. The forward-looking GfK consumer confidence index for February rose to 9.9 points from 9.7 in January, which was revised from 9.6.

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The Financial Conduct Authority (FCA) warns that it has no power to stop scammers to advertise fraudulent investment opportunities on the internet and is requesting 10 Downing Street to step in and do something about it.

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Germany's top court on Tuesday ruled against the European Central Bank's bond purchases and gave the bank three months to explain how the scheme can be justified.

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