Eurozone: Situation not as bad as it looks? – Rabobank
Source Fxstreet
A slew of (significantly) weaker-than-expected PMI surveys in the Eurozone in the past two months has injected fresh uncertainty about the strength of the economic recovery, Rabobank’s economists Elwin de Groot and Maartje Wijffelaars note.
Uncertainty creeping in again in the Eurozone
“The services sector seems to be ‘catching down’ to the struggling industrial sector. Is industrial weakness spilling over or is the services sector facing challenges of its own?”
“Our analysis does not point towards negative spillover effects from industry to services, but to underlying weakness in consumer demand. Although near-term risks to growth appear to be to the downside, we retain a (mildly) optimistic outlook on consumer demand.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
WTI Price Forecast: Trades above $75.50 on Iran uncertainty; 200-day SMA holds the keyWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.
Bitcoin's onchain activity has climbed to its strongest level of 2026 even as the top crypto continues to trade under bearish pressure, according to a Thursday report from CryptoQuant.
West Texas Intermediate (WTI) oil price edges lower during Friday's Asian trading hours, slipping to around $75.10 per barrel and reversing the modest gains recorded in the previous session.
During today's (June 18) Asian session, gold prices ( XAUUSD) maintained an intraday rebound, boosted by the positive prospect of a potential early signing of the US-Iran agreement, recov
Bitcoin Price Forecast: BTC slips below $64,000 as hawkish Fed stance weighs on risk appetiteBitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.
Bitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.
