Eurozone

Asian Session – Markets grapple with Paris attacks, dismal Japanese GDP in see-saw session

Posted on November 16, 2015 at 9:02 am GMT

Foreign exchange markets see-sawed on Monday following Friday’s terrorist attacks in Paris and as Japan’s economy fell into technical recession with two consecutive quarters of contraction. The euro was holding on to 1.0750 after briefly dipping below 1.07 following the market’s open, while dollar / yen had been pushed down to 122.24 on risk aversion before rebounding to 122.74. Euro / pound was also off to 0.7025 before also climbing back to 0.7075. Regarding the Paris terrorist attacks the opinions [..]

Week Ahead – US, UK and Eurozone inflation to be eyed; Japan GDP could point to recession

Posted on November 13, 2015 at 12:51 pm GMT

Inflation data will be the main theme of the coming week as October CPI readings are published for the United States and the United Kingdom, as well as the final CPI numbers for the Eurozone. Japanese GDP data will also be closely watched as it could show that Japan slipped into recession in the third quarter of the year. Japan will start the week with GDP data on Monday. The economy is forecast to have contracted for the second consecutive [..]

Week Ahead – China data and Eurozone Q3 GDP to be the main focus

Posted on November 6, 2015 at 1:11 pm GMT

Central banks will take a backseat next week as attention turns to China for the latest economic indicators out of the country. Trade data, retail sales and industrial production figures will be some of the data released in China next week. Third quarter GDP data out of the Eurozone will also be closely watched as the European Central Bank ponders whether to provide additional monetary stimulus when it meets next month. Starting the week on Sunday will be the latest [..]

UK services PMI bounces back in October; Services activity also strong in Eurozone and China

Posted on November 4, 2015 at 11:35 am GMT

Activity in the UK’s services sector bounced back in October from the 2-year low it hit in September. It was the first time in four months that activity increased but remains below levels seen since the second half of 2013. The Markit Services PMI rose sharply to 54.9 in October from 53.3 in September, which was the lowest since May 2013. Consensus estimates were for a reading of 54.5. Despite the strong rise, the rate of new business growth did [..]

China manufacturing still weak but may be bottoming out; Eurozone and UK PMI improve

Posted on November 2, 2015 at 11:25 am GMT

Two separate manufacturing surveys for October confirm the headwinds still facing Chinese manufacturers, which are currently mired in a downturn. The official manufacturing PMI was unchanged at 49.8 in October against expectations it would rise to 50.0, figures released by the National Bureau of Statistics showed on Sunday. This was the third month in-a-row of a reading in contraction territory below 50. The non-manufacturing PMI fared better at 53.1, though this was slightly weaker than in September. The alternate measure [..]

Week Ahead – RBA and BoE to meet; China PMI could point to turnaround in manufacturing

Posted on October 30, 2015 at 3:16 pm GMT

Next week is set to be another data-packed one with China PMI data, US non-farm payrolls and German factory orders among the highlights. Central bank meetings from the Reserve Bank of Australia and the Bank of England will also come in focus, particularly the Bank of England, which will publish its quarterly inflation report. But the US Fed may once again steal the limelight as several Fed officials, including Janet Yellen are due to speak next week. Chinese manufacturing PMI [..]

Week Ahead – All eyes on FOMC, BoJ and RBNZ meetings but Q3 GDP also in focus

Posted on October 23, 2015 at 12:27 pm GMT

The coming week is set to be a busy one both in terms of data and for central bank activity. The Fed will hold its October FOMC meeting, while the Bank of Japan and Reserve Bank of New Zealand will also meet. The key indicators to watch for will be US and UK third quarter GDP and Eurozone flash CPI. Starting the week are the German IFO survey for business confidence and expectations. It will be interesting to see how [..]

Week Ahead – Markets await China GDP, ECB meeting and flash PMI data

Posted on October 16, 2015 at 10:28 am GMT

Following a week of key indicators that on balance favored a US and UK rate hike, it will be the turn of the euro to come into sharp focus as the ECB meets to consider whether further monetary easing is necessary for the Eurozone. Before that though, investors will be on edge for key data coming out of China at the start of the week. Monday will see the release of third quarter GDP data for China, which is expected [..]

Week Ahead – Inflation data to come in focus but China trade data also eyed

Posted on October 9, 2015 at 12:12 pm GMT

Inflation data will be the dominant data theme in the coming week as CPI figures are published for the United States, United Kingdom, China and the Eurozone. Industrial production will also come into focus as data is due from the US, Japan and the Eurozone, as well as Chinese trade data. The start of the week is expected to be fairly quiet though as Japan, Canada and the US markets are closed for national holidays. After this week’s Bank of [..]

Pound falls after soft services PMI; Eurozone PMI revised lower

Posted on October 5, 2015 at 11:53 am GMT

Activity in the UK’s services sector slowed to the lowest level since April 2013, with the Markit/CIPS services PMI dropping to 53.3 in September from August’s 55.6. The reading was sharply below estimates of 56.0, raising fears that the recent slowdown in global growth is spreading beyond the manufacturing and industrial sectors. There was a marked slowdown in the rate of growth for new business, which hit a 29-month low and future business expectations also fell, dropping to a 13-month [..]

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