S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Investing

Eurozone Economy Contracts In November

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

According to CNBC, the Markit measure of Europe’s economy posted poor results for the third month in a row

Survey compiler Markit said November’s composite PMI put the euro zone on course for a 0.6 percent economic contraction in the fourth quarter—worse than any forecast from more than 30 economists polled by Reuters last month.

The latest data comes at the start of a week that could prove crucial in resolving a debt crisis that threatens to tear apart Europe’s common currency bloc, something that could have catastrophic implications for the global economy.

Most economists who follow the region already assume that the GDPs of Greece, Italy, and Spain are in rapid contraction. Economic activity in France and Germany has also slowed. Since the region’s two largest economies count heavily on their neighbors for consumer demand, Germany and France may be caught in the trouble that has pushed the balance of the region into a near-depression that could last for several years.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Another Collapse in Eurozone Economy

ThinkstockLeaders in Europe and economists and policymakers outside the region got another slug of data that tends to support the…

Douglas A. McIntyre |

Europe, Particularly Germany, Recovers

In the shadow of deep concerns about the viability of the sovereign debt of some of the eurozone’s weakest nations, the economies…

Trey Thoelcke |

Economic Activity Across the Eurozone Contracts in August

Research firm Markit put out its final PMI data for August. Among the eurozone nations, the figures were worse than flash data given earlier.…

Trey Thoelcke |

PMI Data Shows Uneven Recovery in Europe, Slowdown in China

ThinkstockWeakness in France, the second largest nation in the eurozone, put a damper on business activity in the 18-nation bloc…

Douglas A. McIntyre |

Europe, Its Growth Crippled, Becomes A Global Concern Again

Europe’s growth has begun to slow, which will raise fresh questions about whether debt issued by the nations in the…

Trey Thoelcke |

Eurozone Manufacturing Sector Ends Year in Steep Downturn

ThinkstockMarkit issued its year-end eurozone PMI data. The summary of the report: Data collected 5–14 December. • Final Eurozone Manufacturing PMI at…

Douglas A. McIntyre |

An Unexpected Recession Among Europe’s Stronger Economies

nationsonline.orgThe head of Dow Chemical (NYSE: DOW) says Germany and France are in recession. CEO Andrew Liveris is not an economist,…

German Economy Goes Into the Dump
Douglas A. McIntyre |

German Economy Goes Into the Dump

Germany, the largest economy in Europe and the fourth largest in the world, is in deep trouble, and the big…

Douglas A. McIntyre |

Europe Economy Catches a Falling Knife as PMI Flattens

ThinkstockPurchasing managers index (PMI) data for the eurozone as issued by Markit, which did not give reason for much optimism, but…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820