If the fringe fails so do
core Eurozone banks.
If
core Eurozone banks fail, so does the Eurozone.
If the Greeks and other fringe members of the Eurozone default, and the core governments don't bail the situation out, those holding CP of
core Eurozone banks may take a loss.
The exposure of
core Eurozone banks is significant, to the point where it could cause a broader crisis.
Core Eurozone banks have lent to Greek entities, and those banks are not well - capitalized.
Prime money market funds in the US have been investing 50 % of their assets in the Commercial Paper [CP] of
Core Eurozone Banks.
Not exact matches
Still, we'd look for
core inflation in the
eurozone to continue rising up to the level we're seeing in Germany of 2.2 %.
Europe's trading calendar this week looks set to be dominated by fresh PMI data for the
core of the
Eurozone from IHS / Markit later in the week as well as U.K. inflation (Tuesday) and retail sales (Thursday).
After rising for several months, annual inflation in the
eurozone fell further than consensus expectations in March, easing back from 2.0 % to 1.5 % at the headline level, and from 0.9 % to 0.7 % at the
core level.
-LRB-...) their bets against the bonds of «
core»
eurozone countries — not just France, but Germany and the Netherlands too — represent a new, deeper level of bearishness on the single currency area's prospects.
Headline inflation in the 19 - country
eurozone was just 0.2 % in the year to end - August, according to Eurostat, while
core inflation (excluding food and energy) was 1 %, well off the ECB's inflation target of just below 2 %.
We believe
core inflation in the
eurozone is likely to stay muted, keeping the European Central Bank accommodative.
After a surprisingly large dip in the previous month,
eurozone inflation rebounded in April, with the annual increase in
core prices accelerating to its highest level since 2013.
In terms of the actual economy in the
Eurozone, in aggregate, I think that the
Eurozone is roughly a 1.5 % growth economy, but again that's in aggregate so it masks the big divisions between the
core countries like Germany and the weaker countries like Greece and Portugal, and Italy as well.
Investors looking to access
eurozone equities may want to consider iShares MSCI Eurozone ETF (EZU), iShares Currency Hedged MSCI Eurozone ETF (HEZU), or iShares Core MSCI Europe ETF
eurozone equities may want to consider iShares MSCI
Eurozone ETF (EZU), iShares Currency Hedged MSCI Eurozone ETF (HEZU), or iShares Core MSCI Europe ETF
Eurozone ETF (EZU), iShares Currency Hedged MSCI
Eurozone ETF (HEZU), or iShares Core MSCI Europe ETF
Eurozone ETF (HEZU), or iShares
Core MSCI Europe ETF (IEUR).
We agree with the view of the European Central Bank (ECB) that
eurozone core inflation may be stuck below target through 2019.
Currency, eur, EUR - USD, EUR / USD,
Eurozone Core Flash Estimate,
Eurozone CPI Flash Estimate,
Eurozone Final Services PMI,
Eurozone PPI,
Eurozone Retail Sales, Forex News, French 10 - year Bond Auction, German Bubas President Weidmann, Market Pulse, Spanish 10 - year Bond Auction, US Average Hourly Earnings, US Challenger Job Cuts, US Factory Orders, US Final Services PMI, US ISM Non-Manufacturing PMI, US Natural Gas Storage, US Nonfarm Employment Change, US Preliminary Nonfarm Productivity, US Preliminary Unit Labor Costs, US Trade Balance, US Unemployment Claims, US Unemployment Rate, usd
The
eurozone's
core gauge of inflation has dropped to 1.5 %.
It is evident that countries in the
core and periphery of the
Eurozone face very difficult decisions.
And it will progressively push countries in the
core to commit to the fiscal integration that the
Eurozone requires.
As the
Eurozone consolidates, around banking union and cross-border transfers, the Lisbon treaty will be superseded by new,
core - country agreements.
It's not that Corbyn's
core supporters are enthusiastic Remainers - many regard the EU as a neoliberal project, and most despised its actions during the
Eurozone crisis - but the issue they hold dearest is migrant rights.
There's the
core: where the
Eurozone countries are now pulling together more closely, integrating further to shore up the single currency.
In his speech he argues that Britain should choose a middle path between the
core countries who are in the
Eurozone and forging even closer union and the countries that he describes as being on the periphery - «the accession countries, EEA countries, Norway, Switzerland, and so on».
The monetary authorities are no doubt concerned about inflation (the
eurozone rate is above the ECB's target; they held off from making a rate cut; the Fed, despite focusing on
core inflation rates, no doubt has also noticed the increase in inflation expectations).
The
Eurozone is transforming what was a fringe problem into a
core problem and CDS spreads of Germany and France are greater than those of the UK, which has its own currency.
That makes me a little bullish on the Euro, because if Greece defaults and leave the
Eurozone, it sends a warning to other profligate nations, and leaves the
core of the
Eurozone stronger.