Positive Data Floods US & UK as Economic Recovery Continues Steadily
Driven upward by the eurozone’s strongest economy, Germany, the Manufacturing PMI for the region grew to 51.6 in November, up from October’s 51.3 and rising steadily for a fifth consecutive month just as analysts predicted. The eurozone Services PMI on the other hand weakened slightly to 51.2 in November, but whilst the reading was lower […]
Euro Spurred by Series of Positive PMIs; ECB Announces Historical Change in Interest Rates
Euro spurred on by series of positive PMIs and ECB announces historical change in interest rates A powerful chain of PMIs was released in the eurozone last week, all beating economists’ expectations and injecting the eurozone with a much needed boost of positivity. The Markit PMI Composite for the eurozone came in at 51.9 as […]