Irish central bank trims growth forecasts amid global policy uncertainty
Central Bank of Ireland 2025 modified domestic demand forecast cut to 2.7% from 3.1% GDP growth forecast lowered to 4.0% in 2025 and 2026 Inflation outlook revised higher, with HICP…
Read More »Jeff Gundlach sees a 60% chance of a US recession this year, sees gold hitting $4000
DoubleLine just published highlights of a March 11 presentation from Jeff Gundlach. US stocks entered 2025 grossly overvalued relative to history European stocks have shown “unusually high outperformance” in early…
Read More »Stocks continue to slump. NASDAQ now down 1.09% and below 50-week MA
The S&P 500 and NASDAQ are both down nearly 1% on the day, hitting new session lows. The NASDAQ has dropped -196.47 points (-1.09%) to 17,872, The S&P 500 is…
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 »Australian data: Trade Surplus beats, Building approvals beats
January 2025 data: The decline in imports is due to both capital and consumer goods. The jump in exports attributed to non-monetary gold. *** “Non-monetary gold” refers to gold that…
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 »European equity close: Stock markets hold the line even as the US sinks
Closing changes: Stoxx 600 +0.1% German DAX -0.1% France CAC -0.5% UK FTSE 100 +0.1% Spain IBEX +0.9% Italy’s FTSE MIB +0.6% European stocks hit highs midway through the session…
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