Research Team at Nomura, note that although euro area economic momentum slowed slightly in October, it was still the second strongest since April.
“Furthermore, developments at the sector level did not show signs of any significant deterioration compared with September. The domestic consumer sector experienced marginally slower momentum compared with the previous month but is still accelerating at an above-trend level.”
“Also on the positive side, hiring intentions continued to accelerate in October, with momentum in hiring intentions at a three-month high. Foreign demand momentum slowed in October, consistent with growing concerns over the global growth outlook and weakness in some EM countries, albeit without signs of any significant deterioration.”
January 16, 2017 U.S. markets are closed Monday
U.S. markets are closed Monday for Martin Luther King Day. This will be a busy week for traders, with the inauguration of president-elect Trump on Friday headlining...
January 16, 2017 Busy start to the GBP with Carney speech
U.S. markets are closed today on account of Martin Luther King Day. Economic data is quiet ahead of another busy week. The Bank of England Governor, Mark Carney will be speaking later this afternoon and his comments come a day before the British PM Theresa May will be holding her press conference on Brexit...
January 13, 2017 The dollar is trading softer into the London open
Aftershocks from President-elect Trump’s campaign-like press conference, which had weighed on global stock markets and yields started to recede late in the U.S. session and U.S. equities managed to recover part of their losses...
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