Euro economy unimpressed by global headwinds

Nov 23, 2015 16:08 pm UTC| Commentary Economy

Weaker demand from the emerging markets has not dampened good sentiment in the economy so far. In November, the Purchasing Managers Indices climbed to new highs for the year. The index for the manufacturing sector rose by...

Euro Zone PMI rises but won’t deter ECB from boosting QE

Nov 23, 2015 15:54 pm UTC| Commentary Economy

Novembers solid increase in the euro-zone composite PMI indicates that the regions recovery might speed up in Q4 after Q3s slight slowdown. The rise in the headline output index from 53.9 to 54.4 was better than the...

Mexico retail sales decline in September

Nov 23, 2015 15:48 pm UTC| Commentary

Mexico retail sales decreased 1.1% m/m sa in September mostly driven by a strong decline in food and hardware sales partially offset by an important increase in domestic equipment sales, among other items. In annual terms,...

US Markit flash manufacturing PMI slides to two-year low in November

Nov 23, 2015 15:41 pm UTC| Commentary Economy

The Markit manufacturing PMI declined to 52.6 in the November flash estimate, coming in below consensus expectations (54.0), as the headline index slid to the lowest level since 2013. Output declined to 54.6 (previous:...

Euro exchange rates not impacted by Draghi's announcement

Nov 23, 2015 09:08 am UTC| Commentary

Be it Big Bertha or the expression whatever it takes, ECB President Mario Draghi is well known for his memorable comments, which ended the acute phase of the euro-zone crisis. His Fridays speech once again had a phrase...

Sweden's ETS index steadily increasing

Nov 23, 2015 08:40 am UTC| Commentary

This weeks Swedens data might confirm the countrys strong fundementals with the Economic Tendency Survey, and the retail sales would be main focus of the markets. Indeed, the ETS index has been steadily increasing...

USD/Asia likely to climb eventually

Nov 23, 2015 08:34 am UTC| Commentary

The off-late USD/Asia drop, post Fed meeting seems not to last long. This weeks activity data will likely continue to picture a growth for the region. With G2 policy divergence set to push EUR/USD weakness ahead and...