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The euro zone's economy appears to be on track for a sturdy finish to this year, and companies are actually passing on more of their costs to customers because pricing power inched up, as a poll unveiled on Monday.
In October, IHS Markit's final composite Purchasing Managers' Index for the euro zone went down to 56.0 from September's outcome of 56.7, thus ruining an earlier flash forecast of 55.9.
The final euro area PMI was updated up marginally from the flash forecast just to leave euro area surge looking healthy enough at the beginning of Q4, as some financial experts stressed.
As earlier figures revealed, surge was still firm in France and Germany, the bloc's two leading economies, although slowed in Italy, hinting a recent flurry in economic activity in this country might be petering out.
Surge in Spain's major services sector edged down to its lowest value for nine months because the political crisis in Catalonia affected heavily business sentiment.
Today the British PM Theresa May plans to discuss the current conditions of the Brexit deal with the European leaders. Is it happening again? What else will move the world of Forex today? Read the news!
In 2019, China's massive property market is anticipated to speed down further, with smaller price leaps as well as diving home sales contributing to pressure on the world's number two economy, according to a Reuters survey…
In the third quarter, the Japanese economy shrank the most for more than four years due to the fact that Japanese companies reduced spending, thus threatening to affect the investment outlook next year because the export-reliant Asian country grapples…
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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