The European Central Bank has the flexibility to counter any undesired rise in bond yields, the banks vice president told a Portuguese newspaper after several policymakers called on the bank to act. We will have to see whether this increase in nominal yields will have a negative impact on financing conditions, de Guindos told Público […]

British house price growth picked up unexpectedly last month, mortgage lender Nationwide said on Tuesday, defying expectations of a slowdown as finance minister Rishi Sunak readies new budget measures to boost the market. House prices rose 6.9 in annual terms in February from 6.4 in January, Nationwide said, above all forecasts in a Reuters poll […]

  BERLIN Reuters German retail sales tumbled more than expected in January as the COVID19 lockdown and the withdrawal of a temporary cut in sales tax hit consumer spending in Europes largest economy, data showed on Tuesday. The Federal Statistics Office said retail sales fell 4.5 on the month in real terms after an upwardly […]