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In July, euro zone economic sentiment went up moderately for a third consecutive month, reaching a fresh 10-year peak, versus hopes for a sag from June, as data issued by the European Commission on Friday revealed.
This month the sentiment indicator in the EU ascended to 111.2 from June’s reading of 111.1 and May’s outcome of 109.2, powered by more optimism in the services sector.
The average forecast in a Reuters survey of up to 29 economists was for a sag to 110.8 following a leap in June to its maximum in almost a decade.
The given figure confirmed the sturdy revival of the euro zone, with output anticipated to ascend by another half percentage point during the second quarter after firm expansion in the January-March period.
Notwithstanding the unexpected soar in the sentiment, in July, the Commission's business confidence index, pointing to the phase of the economic cycle, edged down to 1.05 from June’s upwardly revised reading of 1.16, the highest result since April 2011.
In the final quarter of 2018, the German economy stalled, narrowly dodging recession because the fallout from global trade clashes and Brexit threatened to heavily impact a decade-long expansion in the EU’s number one economy…
In January, the annual rate of inflation in Great Britain went down to 1…
The levels of retail sales and core retail sales for the US will be released on February 14 at 15:30 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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