Tag Archives: Eurozone
Car Sales Hint at Europe Growth
The euro zone probably notched up a third quarter of growth at the end of 2013 in a recovery that has yet to convince Mario Draghi as he considers more stimulus.
Euro area: Inflation back to October-lows
Inflation eased in January, matching the low-point of October last year. Thus, the heat is on the ECB to deliver more easing.
Central Bank Capital Sparks Italian PM Debate
There have been chaotic and at times violent scenes in the Italian parliament after the lower house speaker made unprecedented use of her powers to cut short a filibuster by deputies of Beppe Grillo’s Five Star Movement (M5S).
EU’s “Too Big To Fail” Plan May Be Too Late To Pass
Michel Barnier, the European Union’s financial services chief, faces opposition as he prepares to unveil plans to curb the activities of about 30 of the bloc’s biggest banks to prevent them being too big to fail.
French Unemployment Hits Record High
French unemployment hit a record high of 3.3 million in December, in a further blow to the economic policies of Socialist President Francois Hollande.
Euro area: January PMIs exceed expectations
China’s PMI below 50, the Euro area’s up again – a new world? No. But it fits into our view that the Euro area is recovering and that advanced economies will contribute a higher share to global growth than they did last year.
Morning Report
Asian markets are mostly lower following weak manufacturing data from China. The flash reading of HSBC China manufacturing PMI unexpectedly dropped to 49.6 in January versus consensus of 50.4.
Euro area: How the new IMF forecasts compare to our own
Today, the IMF has published new GDP forecasts for the major economies. For the Euro area, the IMF lifted its forecast to what the latest Bloomberg consensus expects (1% this year, 1.4% next year; Nordea: 1% / 1.5%).
EU Considers Banning Prop Trading By Banks From 2018
The largest banks in the European Union would face a “narrowly” defined ban on proprietary trading from 2018 under draft plans by Michel Barnier, the EU’s financial services chief.
US and European Post Recession Recovery Comparison
If we compare the economic recovery of the United States since the Great Recession with that of Europe – or more specifically the eurozone countries – the differences are striking, and instructive.
Euro area: Thoughts on German GDP and Hollande’s Schröder moment
The German economy grew by 0.5% last year and is set to pick up. In France, president Hollande now seems to embrace supply-side reforms that could foster competitiveness – if words are followed by action. A big if.
Euro area: Slow recovery in manufacturing is on track
Today’s final PMI data for the manufacturing sector for December confirmed 1) that the slow recovery of the Euro-area economy is on track; 2) that Spain and Italy are making progress and 3) that France continues to struggle.