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Standard & Poor's maintained the sovereign ratings of the U.K. with 'negative' outlook late Friday. The negative outlook continues to reflect the view that the forthcoming referendum on the U.K.'s membership of the EU is likely to be a close call and could result in a vote to leave. The rating...

EurozoneGDP-042916.jpg Euro area economic growth doubled in the first quarter weathering fears of a global slowdown and the jobless rate declined for the first time in three months in March to its lowest level in four-and-a-half years. Nonetheless, Eurozone relapsed into deflation in April on negative contributions from oil prices. Gross domestic product climbed 0.6 percent from the prior quarter.

Italy's consumer prices fell at a faster-than-expected pace in April, preliminary figures from the statistical office ISTAT showed Friday. The consumer price index dropped 0.4 percent year-on-year following a 0.2 percent decline in March. Economists had forecast a 0.2 percent decrease. The bigger...

Italy's unemployment rate dropped for the first time in four months in March to its lowest level in almost three-and-a-half years, figures from ISTAT showed Friday. The unemployment rate declined to 11.4 percent from 11.6 percent in the previous three months, marking the lowest rate since November...

Latvia's retail sales growth eased for the second straight month in March, figures from the Central Statistical Bureau showed Friday. Retail sales climbed a calendar-adjusted 0.3 percent year-over-year in March, much slower than the 2.4 percent increase in the previous month. In January, sales had...

Russia's central bank kept its key interest rate unchanged for a sixth straight month, citing possible easing in inflationary pressures and a revival in economic recovery, going ahead. The Board of Directors decided to keep the key rate at 11.00 percent, the Bank of Russia said in a statement on...

Latvia's economy slipped into a technical recession in the three months ended March, preliminary figures from the Central Bureau of Statistics showed Friday. Gross domestic product contracted by a seasonally adjusted 0.1 percent quarterly in the first quarter, following a 0.4 percent decline in the...

Lithuania's economic growth accelerated for the fourth consecutive quarter in the three months ended March, preliminary data from the statistical agency showed Friday. Gross domestic product advanced a working-day-seasonally adjusted 2.4 percent year-over-year in the first quarter, faster than the...

Eurozone jobless rate declined for the first time in three months in March to its lowest level in four-and-a-half years, figures from Eurostat showed Friday. The seasonally adjusted unemployment rate dropped to 10.2 percent, the lowest figure since August 2011, when it was the same. In July that...

Norway's unemployment rate dropped unexpectedly in April, the Labour and Welfare Administration, or NAV said Friday. The registered jobless rate fell to 3.1 percent in April from 3.3 percent in the previous month. Meanwhile, economists had expected the rate to remain stable at 3.3 percent. In the...

Eurozone consumer prices dropped in April on falling energy prices and a slowdown in service costs, flash data from Eurostat showed Friday. The harmonized consumer price index fell 0.2 percent annually, after staying flat in March. Prices had declined 0.2 percent in February. Economists had forecast...

The euro area economic growth accelerated more than expected in the first quarter, preliminary data from Eurostat showed Friday. Gross domestic product climbed 0.6 percent from prior quarter, following a 0.3 percent rise in the fourth quarter. Economists had forecast the growth rate to improve marginally...

The U.K. mortgage approvals declined to a 3-month low in March, while secured lending and consumer credit expanded strongly, the Bank of England reported Friday. The number of mortgages approved in March fell unexpectedly to 71,357 from 73,195 in February. It was forecast to rise to 74,200. Total...

France's household consumption grew less-than-expected in March amid lower spending on food and clothing, data from the statistical office INSEE showed Friday. Consumer spending rose 0.2 percent from February, when it grew 0.5 percent, revised from 0.6 percent. Economists had forecast 0.4 percent...

France's consumer prices declined more-than-expected in April, mainly due to the drop in energy prices, preliminary estimates from the statistical office INSEE showed Friday. The consumer price index fell 0.2 percent year-on-year after a 0.1 percent drop in March. Economists had forecast a 0.1 percent...

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