eurozone

Brussels

Euro Area GDP Still Escapes Contraction in Q3

Among all the problems in Europe and the post-Brexit woes, the European Statistics agency (Eurostat) has released its first view of third-quarter seasonally adjusted gross domestic product (GDP). The preliminary ...
Read Full Story »
IMF HQ, DC

IMF Cuts Euro Area Growth to 1.4% for 2017

The Brexit will cost the euro area dearly next year, according to the International Monetary Fund (IMF). It has cut its forecast for 2017 GDP growth to 1.4% from 1.6%. ...
Read Full Story »
ECB

Eurozone PMI Weakest Since 2014

Brexit will make matters worse among the economies of the old European Union. In the meantime, they are bad enough. According to research firm Markit: Markit Eurozone CompositePMI® –final data ...
Read Full Story »
European currency

Markit Eurozone Manufacturing PMI Drops to 3-Month Low

At about the same time that the Organization for Economic Cooperation and Development (OECD) released its pessimist Economic Forecast, research firm Markit reported trouble in Europe. Its eurozone manufacturing PMI ...
Read Full Story »
Gross domestic product

Fitch Trims US GDP Expectations for 2016, Raises China GDP View

Throughout the first quarter of this year, particularly the first six weeks when markets were in free fall, it was more than common for global organizations, analysts and economists to issue ...
Read Full Story »
Currency

$9.9 Trillion in Global Sovereign Debt Has Negative Yield

Fighting deflation has a cost, and as of April 25 that cost is negative interest rate yields on $9.9 trillion in global sovereign debt. Of the total, $6.8 trillion is ...
Read Full Story »
Flag of Great Britain

Sell in May and Go Away? Depends on Brexit

With May around the corner, should investors sell in May and go away this year? The phrase did not arise in a vacuum, nor is it coincidence or a self-fulfilling ...
Read Full Story »
Greek fishing boats

Can an IMF Bailout Snub and Brexit Vote Finally Force Greece out of the Euro?

It was only a matter of time after all. Europe’s most indebted government is back at it, complaining about bailout conditions and fighting for its next tranche of bailout funds. ...
Read Full Story »
ECB

Eurozone PMI Slows

According to research firm Markit, eurozone PMI growth slowed to a four-month low, another sign the economies in major nations face challenges. The research firm reported: The eurozone economy made ...
Read Full Story »
global economy

Fitch Lowers Global Growth Estimates Due to Emerging Markets

Whether you are seeing projections from the Federal Reserve, the International Monetary Fund, Goldman Sachs or any other place that issues research and makes global growth projections, the trend for ...
Read Full Story »
ThinkstockPhotos-474312328

Third Greek Bailout Gets Its First Test With Sunday’s Elections

With the most important Federal Reserve meeting in recent history on the minds of every investor and trader in the world right now, it is easy to miss other potentially ...
Read Full Story »
Europe

European Home Prices Recovering: ECB

The European Central Bank (ECB) published an article Tuesday morning on the state of housing prices in the eurozone. The recovery has not been particularly robust so far, but housing ...
Read Full Story »
ThinkstockPhotos-164655182

Euro Area Leading Indicators Ticked Up in July Too

The Conference Board has released its Leading Economic Index for the euro area in July. Despite all the fears and woes that were taking place then, the euro area's leading ...
Read Full Story »
185042661

World Markets Collapse, Shanghai Down 8%, Europe Slides at Open

World markets continued the collapse that began late last week. The Shanghai Composite dropped over 8%. The Nikkei was off off 4.6%. In Europe, the FTSE and DAX fell over ...
Read Full Story »
ThinkstockPhotos-164655182

Credit Suisse Starts Liking European Equities More

With the U.S. major stock indexes at or very close to all-time highs, and with stocks valued at a historic premium, many investors have to be wondering if there are ...
Read Full Story »