Tag Archives: Eurozone
EZ PMI Dip, Deflationary Pressures Keep ECB On Alert
Eurozone economic activity slipped marginally in May, according to the ‘flash’ estimate of purchasing managers’ index data from Markit Economics,
Euro area: PMIs highlight that France needs so much more than the ECB’s help
PMI numbers for the Euro area came in in line with expectations with the composite index almost unchanged. France was a disappointment and continues to struggle with problems that the ECB cannot solve.
Euro area: growth disappointments back?
Euro-area Q1 GDP numbers printed at 0.2% q/q, clearly weaker than hoped. This marked the fourth quarter of growth in a row, implying the economy is not on the verge of another recession.
Euro area: Inflation rebounds in April, ECB to stay put
The inflation rate increased to 0.7% (from 0.5%), enough in our view to keep the ECB away from providing more stimulus to the economy at the meeting next week.
IMF Official: Deflation Still A Risk For Euro Area
The International Monetary Fund’s deputy representative to the European Union said Wednesday that interest rates in the euro area are expected to stay low at least until the end of 2016 and
Japan Advises Europe To Learn its Deflation Lesson: Don’t Wait
In delivering its semiannual status report to the International Monetary Fund’s leadership, Japan Saturday included a warning to Europe based on its own experience: don’t wait too long to react to any tendency toward deflation.
FI Eye-Opener: More emerging market worries
Especially German bonds rallied yesterday and curves bull-flattened. The moves were smaller in US yields, where short yields actually edged higher (while longer yields fell). Intra-Euro-zone spreads widened.
IMF Chief Economist: Eurozone Deflation Risk Is Real
The International Monetary Fund’s chief economist, Olivier Blanchard, said the Eurozone faces a real risk of deflation, according to excerpts of an interview with German daily Handelsblatt released Monday.
FI Eye-Opener: US data sending some conflicting signals
After some early gains, bonds ended the day with losses yesterday on both sides of the Atlantic. The German 10-year yield rose by 3bp, while the corresponding move up in the US was around a bp.
Euro area: Weaker manufacturing PMI, stable services
The weaker manufacturing PMI numbers probably reflect what happened in the US and China. The numbers are not bad enough to make the ECB act.
Euro area: Steady, but slow, recovery continued in Q4
The Euro-zone ended 2013 on a stronger note than predicted by the market, with GDP growing 0.3% q/q vs. expectations of 0.2% in Q4.
Monthly Economic Outlook
Fear Not, Economic Growth Has Not Been Tapered This past month’s disappointing economic news and pullback in the stock market have raised