Four Banks Fight Against Inflation
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Euro zone industry output goes down
In November, euro zone industrial output reported its greatest dive for almost three years, as follows from data uncovered on Monday. It spurred worries about the EU’s economic surge in the final quarter of last year, simultaneously casting doubt over the timing of another rate lift.
The economic bloc’s statistics office Eurostat informed that in November industrial output in the 19-nation euro zone went down by 1.7% month-on-month, which appears to be its worst outcome since February 2016, following a moderate, updated downwards 0.1% ascend in October.
Market experts had hoped for a sink, although smaller than official forecast show. Investors had generally hoped for a 1.5% monthly dive as well as a 2.3% year-on-year tumble.
The dismal output data ramped up downbeat mood regarding the EU’s economic surge that seems more likely to stay slow for the last three months of 2018.
However, some experts are assured that the EU is still capable of eking out a tiny leap in its GDP in the last quarter, although the new output figures showed a downbeat signal.
The euro zone's economy tacked on by just 0.2% in the third quarter, in contrast with a 0.4% leap in the second quarter. Expectations for a rebound are currently fading away.
Notwithstanding November’s better-than-anticipated retail trade data that disclosed that customers are still eager to spend, a downbeat mood among investors will probably impact investment.
The output reading headed south mainly due to a large sink in the output of capital goods, including machinery.
Slower surge in the last quarter could make the ECB review its estimate of a 1.7% GDP rally for all-2018.
Low surge as well as an easing of the inflation rate in December from the major bank’s objective make a rate lift this year less probable, as some financial analysts pointed out.
Similar
BRICS, Jackson Hole, and the JPY are in Focus
The week was overfilled with events, especially from the BRICS summit and Jackson Hole meeting. Altogether, the market gained some fantastic opportunities. Here’s what we have for today’s session:
Amazing Week for Traders is Ahead
Hello, and welcome to the daily news release! Will the downtrend in gold change this week? What about oil? How long will it skyrocket? We have a lot to share with you.
Latest news
Bearish Signal For The USD
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Current Risks for Developed Economies
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
News for The Week
US stock markets started falling, while the US dollar is rising. What to expect from
