Eurozona

Global investors turned 3% underweight eurozone stocks this month compared with a 9% net overweight position in July. Dark clouds are gathering over the region, with the German GDP report raising the risk of recession for Europe’s largest economy.

After a decade of near-uninterrupted growth, Germany has shifted from being the powerhouse of the eurozone economy to lagging behind. Fears that manufacturing dip will hit jobs and services prompt stimulus debate.

The woes of the eurozone’s manufacturers are worsening, with a closely watched gauge of the export-dependent sector hitting its lowest level in more than six and a half years in July.

El BCE decidirá en las próximas semanas nuevas actuaciones para cumplir con sus objetivos.

Mario Draghi is preparing to cut interest rates and embark on a fresh round of bond purchases before he leaves the European Central Bank this autumn, in a bid to boost the eurozone’s economy and combat mounting global uncertainty over trade.

The European Central Bank’s outgoing chief economist, who played a key role in the institution’s response to the eurozone crisis, has hit out at the ‘America First’ rhetoric of US president Donald Trump.

Italy’s budget deficit is set to breach EU rules by a wide margin next year, according to forecasts from the European Commission that raise the prospect of a renewed clash over economic policies between Brussels and Rome’s anti-establishment government.

The single currency bloc’s persistent weakness is becoming a major challenge for policymakers. Economic confidence in the eurozone dropped for a 10th month in April to the lowest in more than two years, indicating the region may struggle to pick up from its recent slump.

Unemployment continues to fall across bloc as a whole despite Italian rise