China urged to focus on bolstering domestic demand, especially consumption
Changes in global environment will be challenging for China The narrative is building on this front with many calling for Beijing to step up support, especially on services consumption. From…
Read More »US futures trim gains ahead of jobs report
It would appear so. S&P 500 futures are now up just 0.1% after being up as much as 0.5% earlier in European trading. Meanwhile, Nasdaq futures are still up 0.2%…
Read More »European stocks marked down at the open today
Eurostoxx -0.8% Germany DAX -1.3% France CAC 40 -0.8% UK FTSE -0.4% Spain IBEX -0.9% Italy FTSE MIB -0.6% Besides the DAX, other major indices in the region are struggling…
Read More »Germany reportedly calls for EU to ease fiscal rules in order to bolster defense spending
It is pretty much the case here after the announcement yesterday: Germany will set up €500 billion infrastructure fund and a special defense fund Now it is being reported that…
Read More »Spain February services PMI 56.2 vs 55.3 expected
Prior 54.9 Composite PMI 55.1 Prior 54.0 Spain’s services sector continues to hold up well and remains one of the bright spots in the euro area economy. New business continues…
Read More »Eurozone January M3 money supply +3.6% vs +3.8% y/y expected
Prior +3.5% The pace of broad money growth in the euro area continues to hold relatively stable, though the narrower aggregate M1 (currency in circulation and overnight deposits) did show…
Read More »China says willing to work with US to resolve trade concerns through dialogue
Strongly dissatisfied with US tariffs on Chinese goods Tariffs undermines normal economic, trade cooperation between the two countries Hopes to resolve concerns through equal dialogue and consultation Willing to work…
Read More »ForexLive European FX news wrap: Currencies muted awaiting US jobless claims, Trump
Headlines: Heads up: Trump set to address world leaders in Davos later today Weekly update on interest rate expectations ECB’s Escriva: We still have restrictive policy France January business confidence…
Read More »Spain December preliminary CPI +2.8% vs +2.6% y/y expected
Prior +2.4% HICP +2.8% vs +2.6% y/y expected Prior +2.4% The concern for the ECB is that core annual inflation here is seen ticking higher to 2.6%, up from 2.4%…
Read More »Spain Q3 final GDP +0.8% vs +0.8% q/q prelim
Prior +0.8% GDP +3.3% vs +3.4% y/y prelim Prior +3.2% No change to the quarterly estimate as the Spanish economy remains one of the few bright spots in Europe, especially…
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