eu economy

This week we have two major economies reporting their GDP numbers for the first quarter. First up is the UK, and then we have the euro area numbers. But what really moves the market is the report from Germany. These are the preliminary,…

Italian politics has lurched back into the spotlight this week. Ahead of regional elections due over the weekend and into next week, there are fresh concerns for the political situation in the country. 5SM Leader Resigns Luigi Di Maio,…

The ongoing US-China trade war has taken a heavy toll on global trade over the last two years. Worldwide, manufacturing readings have been trending lower across developed and emerging economies alike. In the G10 bloc, the downturn in…

The week ahead is quiet and short for the US markets. Thanksgiving on November 28th will see a slowdown in trading volumes as traders head into a long weekend. Among other high ticket items this week, Canada will be releasing its monthly…

The eurozone will be releasing its second revised estimates on the gross domestic product data. The report covers the economic performance for the third quarter ending September. This will be the second revision to the GDP. The…

The European statistics agency, Eurostat will be releasing the preliminary GDP report for the third quarter today. During the three months ending September 2019, economists are optimistic that the eurozone economy grew at a pace of 0.2%…

The last major market-moving data of this rather busy week for the euro is the Ifo Business Climate Index. The expectation is for it to confirm the host of downbeat economic reports we've been getting over the last few weeks. The…

Among the wealth of economic events coming out of Europe this week, one that we don't want to miss is factory orders from Germany. This gives some important insight into how the largest economy in the eurozone is doing, as well as the…

The euro came under heavy selling pressure yesterday in response to fresh dovish comments from ECB president Draghi. Draghi spoke at the ECB's Sintra conference in Portugal. During his speech, he gave the market a very clear signal that…