Contained prices in the euro area
Inflation in the euro area falls by 0.1 percentage points to 2.5% year-on-year. CaixaBank analysts predict a downward slide in inflation over the coming months.
eurozone
Is the euro zone stabilising?
In the euro zone, cash in circulation, and short-term and long-term bank deposits, money market funds grew at a year on year rate of 4 percent in October.
The euro area’s economic crisis takes its toll on the labour market
BARCELONA | CaixaBank | The adjustment in employment during the crisis has been more intense in those countries with a real estate bubble. Leading indicators point to further job losses.
European investors run into peripheral bonds for their money
Institutional investors may be getting their hands in higher-yield sovereign bonds to increase their results, but there are some financial reports of improving macroeconomics for the euro zone.
Truce in the euro area’s peripheral debt markets
Rating agencies keep Spain’s credit rating at investment grade. The stability of the United States’ debt market, threatened by the fiscal cliff.
Russia, South Korea record highest increase in euro zone imports
EU exports to most of its major partners grew in January-August 2012 compared with January-August 2011, except for India (-5%). The most notable increases were recorded for exports to Russia and South Korea, both +18%.
Irish bank obtains market access with some German, Austrian help
LONDON | In spite of bad economic figures for the euro zone, more peripheral banks may be enjoying access again to wholesome market credit. Spain continues under the spotlight, though, and the situation could become rather difficult.
European Commission warns Spain: either make extra efforts or maintain 2011’s
MADRID | The Spanish government faces an uncomfortable dichotomy, says Carlos Díaz Güell: it either prolongs the fiscal measures taken in 2011 or lets the public deficit grow even further.
Euro zone’s current surplus is increasing but curbs can be seen on the horizon
CaixaBank research | The current surplus reaches almost 60 billion euros, close to the peak of 2004. Rising oil prices and the euro’s appreciation might slow up the pace of growth in the current surplus.
The euro zone tames government deficit but debt rises
Euro area and European Union government deficit has reached 4.1% and 4.4% of GDP, respectively. Government debt is at 87.3% and 82.5%, according to Eurostat.