According to a survey, the 18-country eurozone faces the real prospect of sliding back into recession. An estimate of the Purchasing Managers’ Index of research firm Markit showed a drop to 51.4 from 52.1 in October. That’s a 16-month low, and a sharp disappointment for financial markets, which had expected the index to rise to 52.3. Manufacturing output growth picked up slightly to the highest … [Read more...]
Euro at one month low after ECB President Mario Draghi hints easing monetary policy
Amid indications from the European Central Bank (ECB) over easing of monetary policy in its June review, the euro has remained sluggish in the past few weeks. The18 nation currency has hit a one month low and has remained weak against most of its 16 major counterparts According to the stock analysts, the euro has fell the most in the past seven weeks against the dollar after the ECB’s … [Read more...]
