President Emmanuel Macron on Monday touted 21 new foreign investment projects in France and a booming economy as proof his economic reforms have been bearing fruit less than three months before a presidential election in which he is expected to run.
President Emmanuel Macron on Monday touted 21 new foreign investment projects in France and a booming economy as proof his economic reforms have been bearing fruit less than three months before a presidential election in which he is expected to run.
President Emmanuel Macron will on Monday tout 21 new foreign investment projects in France and a booming economy as proof his economic reforms have been bearing fruit less than three months before a presidential election in which he is expected to run.
France's stronger than expected economic recovery last year means the public sector budget deficit should come in better than planned, the budget minister said in an interview published on Sunday.
Raising interest rates in the euro zone would not push down soaring energy prices, European Central Bank board member Isabel Schnabel said in remarks published on Friday, adding that any tightening of monetary policy would have an impact much later. "We must not raise interest rates too early," Sueddeutsche Zeitung quoted Schnabel as saying in an interview.
Euro zone bond yields resumed their rise in choppy trading on Friday as central bank tightening remained the main investor focus, but sharp falls earlier this week set Germany's benchmark 10-year yield for its biggest weekly fall in six weeks.
The euro zone swung to a small trade deficit in November from a large surplus 12 months earlier because of a surge in the cost of imported oil and gas, data from the European Union's statistics office Eurostat showed on Friday. Eurostat said the non-adjusted trade deficit of the 19 countries sharing the euro was 1.5 billion euroscompared to a 25.0 billion euro surplus in November 2020.
German Economy Ministry: * GERMAN ECONOMY MINISTRY SAYS Q4 GROWTH TO BE SUBDUED DUE TO PRODUCTION DIFFICULTIES, COVID RESTRICTIONS. * GERMAN ECONOMY MINISTRY SAYS INFLATION UPWARDS TREND TO WEAKEN NOTICEABLY FROM JANUARY, BUT STILL AT PRE-CRISIS LEVEL. * GERMAN ECONOMY MINISTRY SAYS ONGOING SUPPLY BOTTLENECKS FOR IMPORTANT PRIMARY PRODUCTS ARE LIKELY TO PERSIST FOR A WHILE.
The German economy failed to return to its pre-pandemic size in 2021 as microchip shortages hit production in the car industry and further COVID-19 restrictions slowed down the recovery of Europe's largest economy in the final months of the year.
Euro zone bond yields were steady on Friday with Germany's 10-year bond yields moving away from the 0% threshold as markets stabilised after a heavy selloff in the last few weeks. U.S. Treasury and euro zone bond yields have risen in January on expectations that U.S. interest rates could rise as soon as March, leaving investors preparing for tighter monetary conditions to tackle booming inflation.
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