eu economy

Speaking at European Parliament yesterday, Mario Draghi, the head of the ECB, told MEPs that although the eurozone is facing growing downside risks, the central bank does not feel that further monetary support is required. Draghi’s… Read More

The week ahead will mark the start of a new trading month. The economic calendar will no doubt pick up the pace, with a mix of key economic reports coming out. GDP figures dominate the week ahead with countries such as the United States,… Read More

The big event scheduled on the economic calendar for Europe on Friday is the release of the IFO business climate survey at 04:00 EST (or 10:00 CET). This data could get a little extra attention this time around because of the economic… Read More

The release of the December ECB meeting minutes last week confirmed that the central bank is comfortable with its current monetary policy situation. The minutes were closely watched following the ECB’s warning during the December meeting… Read More

The ECB received yet a further blow on the economic data front this week as the European Commission’s economic sentiment indicator for December highlighted weakness.  The reading, which posted a decline over every month of 2018, fell back… Read More

In yet another data release highlighting weakness in the Eurozone economy, the Q3 GDP reading for Italy came in below expectations, contracting 0.1% on the quarter vs. an expected unchanged reading, and printing 0.7% on the year vs. an… Read More

On Friday, November 23rd we have the release of Markit PMI for the Eurozone, which by itself can move the market. However, given the lackluster performance of equities in Europe recently, with the Stoxx 600 hitting a two-year low on… Read More