Eurozone Seems to Exit Deflation, but no Runaway Inflation Is in Sight

European markets are flat after Eurozone emerges from deflation, though it’s not out of the danger zone yet. Royal Bank of Scotland makes another big quarterly loss, as the British-government owned bank sets yet more aside for fines and litigation. Royal Dutch Shell and Norwegian oil company Statoil make gains, as their earnings are better than expected. But European airlines struggle to gain altitude, despite better than expected results. British online property portal Zoopla announces the acquisition of utilities price comparison site uSwitch for up to $295 million, diversifying its business. The mid-cap stock soars on the news.