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German Chancellor Angela Merkel said on Saturday that there was a "valuation problem" with the euro and it was beyond the influence of her government as monetary policy is set for the entire euro area that has 19 member states. Responding to reporters' questions at the Munich Security Conference,...

Italy's current account surplus increased slightly in December, the Bank of Italy reported Friday. The current account surplus rose to EUR 5.53 billion in December from EUR 5.41 billion in the prior year. The surplus on trade in goods fell to EUR 6.27 billion from EUR 6.51 billion and the deficit...

Portugal's producer price inflation accelerated in January, Statistics Portugal reported Friday. Producer prices advanced 3 percent year-on-year in January, faster than the 1.4 percent increase seen in December. Excluding energy, producer prices remained flat following a 0.1 percent drop in the...

UK-Retailsales-021717.jpg UK retail sales declined unexpectedly at the start of the year as consumers curbed their spending in response to rising inflation. Retail sales including automotive fuel dropped 0.3 percent month-on-month in January, following a 2.1 percent fall in December, data from the Office for National Statistics showed Friday.

Fitch Ratings maintained the sovereign ratings of New Zealand at 'AA' with 'stable' outlook on Friday. The agency said the ratings were supported by very strong governance standards and prudent fiscal management. Moreover, the economic momentum was stronger than Fitch had previously expected. GDP...

Eurozone construction output declined for the first time in three months in December, figures from Eurostat showed Friday. Construction output dropped 0.2 percent month-on-month in December, in contrast to November's 0.9 percent increase. Output had increased in the previous two months. On a...

U.K. retail sales declined unexpectedly in January, data from the Office for National Statistics showed Friday. Retail sales including automotive fuel dropped 0.3 percent month-on-month in January, following a 2.1 percent fall in December. Sales were expected to grow 1 percent. Excluding automotive...

The euro area current account surplus declined in December, the European Central Bank said Friday. The current account surplus fell to a seasonally adjusted EUR 31 billion in December from EUR 36.4 billion in November. The surplus on trade in goods rose to EUR 31.7 billion from EUR 30.8 billion...

Sweden's consumer price inflation slowed more than expected as prices normally drop at the start of the year, data from Statistics Sweden revealed Friday. Inflation fell to 1.4 percent in January from 1.7 percent in December. The rate was forecast to ease to 1.5 percent. Month-on-month, the consumer...

EEP4-091614_17Feb17.jpg Retail sales data from the U.K. is due on Friday, headlining a light day for the European economic news.

ECB-021617.jpg European Central Bank policymakers broadly agreed to look through the energy-driven recent upturns in headline inflation and sought patience as they judged that the euro area economy required a substantial monetary stimulus to bring price growth to target, minutes of the bank's policy session held on January 18-19 showed Thursday.

European Central Bank policymakers broadly agreed to look through the energy-driven recent upturns in headline inflation, minutes of the ECB's policy session held on January 18-19 showed Thursday. The Governing Council must carefully monitor potential indirect and second-round effects of the recent...

Delaying the agreement on the bailout for Greece will carry costs for all, and not just for Athens, European Commission Vice President Valdis Dombrovskis said Thursday. Lenders are forced to choose between working hard to solve the stand-off or to return to uncertainty that is dangerous, Dombrovskis...

Sweden's unemployment rate increased further in January to the highest level in seven months, in line with expectations, figures from Statistics Sweden showed Thursday. The jobless rate rose to 7.3 percent in January from 6.5 percent in the previous month. The figure also matched consensus estimate. In...

Italy's foreign trade surplus increased in December from a year ago, though marginally, figures from the statistical office Istat showed Thursday. The trade surplus rose to EUR 5.8 billion in December from EUR 5.6 billion in the corresponding month last year. In November, the surplus was EUR 4.2 billion. Exports...

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