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
Solana founder Anatoly Yakovenko has binned the narrative that SOL is an Ethereum killer. It is okay for the two technologies to have overlapping features and compete.
Hidden Bullish Divergence Appears On Dogecoin Price Chart, Here’s What To Expect NextA hidden Bullish Divergence pattern has just been identified on the Dogecoin price chart, signaling possibilities of a significant uptrend. With this new technical pattern, a crypto analyst has projected a target of $0.7 for the Dogecoin price.
A hidden Bullish Divergence pattern has just been identified on the Dogecoin price chart, signaling possibilities of a significant uptrend. With this new technical pattern, a crypto analyst has projected a target of $0.7 for the Dogecoin price.
OKX, one of the largest cryptocurrency exchanges by trading volume, is preparing to go public in the United States.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Gold gains momentum above $4,100 after weak US NFP data Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
