euro area GDP
End-Month Data Blizzard and Sterling Strengthens
April 30, 2019
A lot of economic statistics around the world gets released on the final day of each month. The main market development this Tuesday has been a 0.7% overnight rise of sterling against the dollar, reflecting reports that talks between Prime Minister May and the Labour Party on Brexit have made surprising progress. It remains to […] More
More Evidence That European Growth Is Slowing
October 30, 2018
The first reported estimate of third-quarter GDP growth in the euro area was a lower-than-forecast 0.2% quarter-on-quarter uptick, which is only half as much as the pace in the first two quarters of this year. On-year growth slowed to 1.7% from 2.2% in the second quarter and 2.8% in the summer quarter of 2017. Italian […] More
Myriad First-Quarter GDP Results
May 15, 2014
The euro touched an 11-week low of $1.3650 overnight and is trading 0.4% lower on balance. The U.S. currency has also climbed 0.6% against the Swiss franc and 0.1% relative to the yen, Aussie dollar and sterling. The loonie is 0.1% firmer, while the kiwi and yuan were unchanged on balance overnight. Share prices slumped […] More
Investors Fed Up with the Toxic Rhetoric of European Officials
November 15, 2011
Risk aversion has spiked. The German Dax, Paris Cac and British Ftse have so far dropped today by 2.4%, 2.1%, and 1.4%. Ten-year Italian bond yields of are again more than 700 basis points above German bunds. German bunds and British gilts have fallen by three and four basis points. The dollar is stronger, and […] More
European Stocks Slump After GDP Data Are Released
August 16, 2011
The German Dax, Paris Cac and British Ftse are down 2.1%, 1.4%, and 0.7%. Euro area 2Q GDP results were softer than feared. Expectations are low on the outcome of a meeting today between French President Sarkozy and German Chancellor Merkel. In the Pacific Rim, stocks had rallied 4.8% in South Korea but fallen by […] More
