• 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

  • Italy June business outlook +44 vs +36 in Feb - IHS Markit


    Italy's business outlook in June came in at +38, down from February's two year high of +44 but above the historical trend of +36, according to the latest survey released by global information provider IHS Markit. The survey, which takes place every four months and monitors sentiment across both the manufacturing and service sectors, showed results that were below the eurozone average of +40. RADIOCOR

  • China's strong second quarter GDP growth paves way for deeper reforms


    China's economy expanded faster-than-expected in the second quarter, setting the country on course to comfortably meet its 2017 growth target and giving policymakers room to tackle big economic challenges ahead of key leadership changes later this year. China's gross domestic product rose 6.9 percent in the second quarter from a year earlier, the same rate as the first quarter. That was higher than analysts expectations for the economy to expand 6.8 percent. REUTERS

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