eurozone
In his podcast addressing the markets today, Louis Navellier offered the following commentary. Durable DurablesDurable goods have risen for three consecutive months and are indicative of improving business confidence and a resurging manufacturing sector. The Commerce Department on Tuesday announced that durable goods orders surged 1.7% in May to $288.2 billion. This surge follows a 1.2% increase in durable goods orders in April. The strength in May durable goods was a big surprise since economists were expecting a decline of -0.9%. The details of the May durable goods report were very encourag...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. Eurozone’s Economic ContractionIt appears that the eurozone may not be able to pull out of its recent economic contraction. The eurozone’s Purchasing Managers Index (PMI) in June declined to 50.3, which is a sharp deceleration from 52.8 in May and substantially below economists’ consensus estimate of 52.5. Any PMI reading below 50 signals a contraction. Even though the eurozone has had its GDP contract in the past couple of quarters, there was hope that the summer months would stimulate economic acti...
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Even after dropping off from the highs they’d seen earlier in 2022, gas prices were still causing consumers pain at the gas pump in late 2022. All Americans felt the sting of inflation at the grocery store, too, as 2022 saw heightened demand outpacing supply in many sectors. The inflation experts hoped would go away after 2021 was egged on further by stubborn supply chain issues and Russia’s invasion of Ukraine – which continues to instill fear and uncertainty in the global economy. Find A Qualified Financial Advisor Each advisor has been vetted by SmartAsset and is held to a fiduciary standar...
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The European Central Bank (ECB) began to raise interest rates Thursday by 25 basis points as of July 9. The rise will be the first in 11 year and will put an end to the 0 interest rate policy that has prevailed in the region. The European Central Bank HikeAccording to Reuters, the Governing Council of the entity met in order to stop the sharp rise in inflation due to the war in Ukraine. Q1 2022 hedge fund letters, conferences and more In addition, the European Central Bank announced that as of September, “a gradual but sustained rhythm of more increases in interest rates will be appropriate,” ...
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The ECB tapered its asset purchases. Only that it didn’t taper at all. Are you confused? Gold isn’t – it simply doesn’t care. Q2 2021 hedge fund letters, conferences and more The Phantom TaperTapering has begun. For now, in the Eurozone. This is at least what headlines suggest, as last week, the Governing Council of the European Central Bank held its monetary policy meeting. The European central bankers decided to slow down the pace of their asset purchases: Based on a joint assessment of financing conditions and the inflation outlook, the Governing Council judges that favourable financing con...
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Euro zone inflation increased 3% in August from the same month last year and is bound to reach its highest reading in 10 years. The European Central Bank (ECB) will meet on September 9 to discuss its asset purchase program. Q2 2021 hedge fund letters, conferences and more Euro Zone InflationThe increase also thrashed ECB’s expectation of 2%, after a 2.2% jump YoY in June, and according to Eurostat, it was driven by the 15.4% increase in the energy sector. On Monday, Germany reported a consumer price increase of 3.4% in August, the highest since 2008, while France also hit an inflation peak nev...
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According to preliminary data by Eurostat, eurozone growth hit 2% in the second quarter, which is seen as a rebound from recession. Q2 2021 hedge fund letters, conferences and more Europe's Major Economies See Positive RecoveriesThe information was revealed on Friday and points to how the region is coming back from two consecutive quarters of contraction, 0.3% in the first quarter and 0.6% in the final quarter of 2020, as reported by CNBC. “Compared with the same quarter a year ago, the latest GDP reading represents a 13.7% increase.” Major economies saw positive recoveries, as France grew by ...
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November 23, 2020 Update: The Euro Stoxx 50 is holding solidly above its 200-day average at 3,171 and above the March downtrend. According to Credit Suisse analysts, that keeps the spotlight on the key trading range high set in July at 3,451. They said if the index closed last week above that level, it would be resolved to the upside and change their view to a bullish stance on European equities.The Euro Stoxx 50 is trading above that level now, so they see the next resistance at 3,532, followed by 3,595 and 3,596, which were the December 2019 low and late February reaction high. Credit Suisse...
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