• IMF maintains global growth forecasts; China, Eurozone revised higher


    The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the eurozone and China. In an updated World Economic Outlook published on Monday, the IMF said global gross domestic product would grow 3.5 percent in 2017 and 3.6 percent in 2018, unchanged from estimates issued in April. REUTERS

  • Eurozone preliminary July manufacturing PMI 56.8 vs 57.4 June


    The eurozone's purchasing managers' index for the manufacturing sector in July fell to a three month low of 56.8 from 57.4 in June while that for the services sector was unchanged at 55.4, according to preliminary data released by global information provider IHS Markit. RADIOCOR

  • Recovery proceeding but slow reforms


    The eurozone recovery is proceeding but delays to reforms are holding it back, European Central bank President Mario Draghi said Thursday. He said quantitative easing would continue until there was a "sustained" rise in prices. ANSA

  • Euro zone consumer confidence unexpectedly falls in July


    Euro zone consumer confidence unexpectedly fell in July after a sharp increase in the previous month, the European Commission said on Thursday. The EU executive said a flash estimate showed euro zone consumer morale fell by 0.4 points to -1.7. REUTERS

  • Italy banks May net NPL 76.5 bln eur, hit 3-year low - ABI


    Italian banks' net non-performing loans (NPLs) stood at 76.5 billion euros in May, reaching the lowest level in three years, according to the Italian Banking Association (ABI). The net NPL-to-loan ratio dropped to 4.38% compared to 4.42% in April and 4.72% a year before. RADIOCOR

  • Euro zone banks see rising loan demand in third quarter


    Banks across the euro zone are set to expand lending in the third quarter, easing access to mortgages, corporate loans and consumer credit, the European Central Bank said. Demand for loans continued to rise in the second quarter and access to credit became easier in most categories, driven in part by increased competition among banks and access to even cheaper wholesale and retail funding, the ECB said. REUTERS

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