EURGBP Falls As Eurozone PMIs Fall & UK PMIs Rise

Eurozone PMIs Underperform The latest economic data for the Eurozone has raised serious concerns over the health of the recovery in the single customs union. Both manufacturing and services PMIS in the Eurozone undershot expectations last month. The manufacturing reading fell back to 51.7 last month from the prior month’s 51.8 reading, undershooting expectations of […]

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Eurozone Risks Spiralling into Deflation in the Coming Months

Eurozone inflation continued to decline due to falling oil prices, but the underlying price pressure remained stable, which is an encouraging sign for ECB which tries to keep prices and inflation expectations from falling into deflation. Consumer prices in 19 Eurozone countries fell to a four-year low of 0.1% in May from 0.3% in April, […]

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UK funds bullish on eurozone equities as political risk recedes

© Reuters. A plastic bull figurine, symbol of the Frankfurt stock exchange is pictured in front of the share price index DAX board at the stock exchange in Frankfurt By Claire Milhench LONDON (Reuters) – British fund managers have raised their allocations to eurozone equities to the highest level since August 2016 after an emphatic […]

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