Sentences with phrase «stronger euro»

The recently stronger euro, which could hurt exports, was mentioned throughout.

Italian bonds have proved resilient in the last couple of months, supported by stronger euro zone growth as well as less Euroskeptic sentiment in the country.

LONDON A strong euro has helped U.S. companies extend their sales outperformance over Europe to multi-year highs in the first quarter, according to Reuters data - though experts expect the trend to begin to reverse later this year.

At $ 383 million, EBITDA was up 7.9 % on the high first - quarter 2017 performance, with a significantly stronger euro particularly compared to the US dollar, which resulted in a $ 26 million negative currency effect (on translation only).

Eventually, the gap between strong EURO countries and weak EURO counties could become so large that the strong counties would become incapable or unwilling to continue to fund the weak countries.

LONDON (Reuters)- A strong euro has helped U.S. companies extend their sales outperformance over Europe to multi-year highs in the first quarter, according to Reuters data - though experts expect the trend to begin to reverse later this year.

He said that «new headwinds» had arisen from a recently stronger euro.

A stronger euro could have an impact on European exports and affect prices in the region.

A stronger euro could become a problem for the ECB, whose main target is keeping prices stable.

Poor demographics, a strong euro and the ECB move away from its ultra-loose monetary policy could pose problems to the southern economies.

The forecasts are based on poor demographics, a strong euro and the European Central Bank's (ECB) move away from its ultra-loose monetary policy.

International revenue growth was also strong, with Europe excluding France up 7.4 percent to 2.4 billion euros, although exchange rates - mainly the strong euro - had a 204 million euro negative impact on revenue.

FRANKFURT, May 3 (Reuters)- German drug and crop chemical Bayer on Thursday cut its full - year guidance as a stronger euro weighs on the value of overseas revenues.

The company still faces hurdles, however, including from a strong euro that affects revenues made in other currencies and converted back.

But a stronger euro is not always welcomed by the ECB as it might reduce the pace of European exports.

His comments were seen as negative for the single currency, which has fallen almost 3 percent from a 15 - month high of $ 1.37 hit earlier this month, as European officials step up the rhetoric on a strong euro.

The European Central Bank (ECB) President Mario Draghi's concerns over the impact of a strong euro on a weak euro zone economy raise the prospect of monetary easing to dent the currency's appeal, an analyst told CNBC.

In a speech in Amsterdam, the Central Banker laid out that unwarranted monetary tightening - like a stronger euro — could be tackled by a cut in interest rates, and that a worsening of inflation would require a broad - based asset - purchase program.

MILAN (Reuters)- The recent recovery in the dollar has raised hopes that currency turbulence for European corporates will now subside, after first quarter earnings took a hit from the stronger euro.

Heineken (HEIN.AS) said the strong euro would wipe 200 million euros ($ 247 million) off operating profit this year based on current exchange rates.

Exporting heavyweights Daimler (DAIGn.DE), Renault (RENA.PA), Continental (CONG.DE) and Sanofi (SASY.PA) have all reported last month hits to their results from the strong euro.

However, equities in the region aren't the bargain they were in late 2016; a stronger euro also is likely.

The strong euro is also part of the rationale for some brokers recommending investors shift from the more cyclical parts of the market to defensives, as cyclical sectors are both more exposed to global growth and to the negative currency effect.

Chemical groups Bayer (BAYGn.DE) on Thursday became the latest euro zone company affected by the strong euro, cutting its guidance and saying sales will likely fall in 2018.

Bayer says the pressure from a stronger euro on overseas revenues would translate into a decline in earnings this year, as it prepares to close its $ 62.5 billion takeover of U.S. seeds maker Monsanto next quarter.

FRANKFURT Bayer said the pressure from a stronger euro on overseas revenues would translate into a decline in earnings this year, as it prepares to close its $ 62.5 billion takeover of U.S. seeds maker Monsanto this quarter.

Exporting heavyweights Daimler (DAIGn.DE), Renault (RENA.PA), Continental (CONG.DE) and Sanofi (SASY.PA) have all reported hits to their results from the strong euro in the last week.

Daimler (DAIGn.DE) said the strong euro would dampen revenue growth this year, while Sanofi said a stronger euro had a negative effect of 8.3 percent on sales in the first quarter.

In its financial update, Adidas said first - quarter sales rose 10 percent at constant exchange rates, but the strong euro limited gains in local - currency terms to 1.9 percent.

Although a weaker dollar / stronger euro benefits U.S. multinationals and is negative for European multinationals, we believe that the stronger euro is ultimately a plus for European equities.

And Henderson's Boothroyd said: «Towards mid-year we believe that there is scope for a weaker dollar and stronger euro as some of the European political risks fade, talk of the ECB taper returns to markets and Trump's policy program gains greater scrutiny.»

Axa saw its revenues fall 2.7 per cent in the first quarter as the French insurer saw strong growth in its home market undercut by the impact of a strong euro.

While Mastercard is otherwise operating on all cylinders, as evidenced by better - than - expected profits amid strong consumer spending, cross-border volumes will face «tougher comparisons» for the remainder of 2018 due to last year's strong euro.

Throw in a stronger euro, and a seemingly relaxed Beijing, and the yuan could easily strengthen further.

The stronger euro has so far barely dented export growth, and domestic demand conditions were generally seen to have improved.

LUDWIGSHAFEN, Germany, May 4 (Reuters)- BASF's quarterly operating profit edged 2 percent higher as gains in basic petrochemicals as well as in the oil and gas unit, which it aims to list separately, were tempered by a strong euro.

LUDWIGSHAFEN, Germany, May 4 BASF's quarterly operating profit edged 2 percent higher as gains in basic petrochemicals as well as in the oil and gas unit, which it aims to list separately, were tempered by a strong euro.

But a stronger euro could slow the pace of earnings growth among European companies, and other risks include politicians not delivering on reforms, the European Central Bank (ECB) winding back its stimulus too soon and renewed political instability in Italy.

While temporary factors such as bad weather played a part, another report showed manufacturing continued to cool this quarter and some firms are concerned about the stronger euro.

A year ago, eurozone observers were looking at deflation numbers, a lackluster economy and a stronger euro.

Companies with much of their cost base overseas should have some cover against a strong euro in the short term, we believe.

BASF's quarterly operating profit edged 2 percent higher as gains in basic petrochemicals as well as in the oil and gas unit, which it aims to list separately, were tempered by a strong euro.

Admittedly, monetary conditions have tightened over the last six months, under the impact of a stronger euro and higher long - term interest rates.

The rate - setter has limited policy room to resist a strong euro.

Partly due to the stronger euro, policymakers slightly reduced their inflation forecasts for 2018 and 2019, while at the same time upgrading GDP estimates for the current year from 1.9 % to 2.2 %.