EU manufacturing data revealed an even worse outlook for the single market economy in July, sending European indices lower after printing fresh new high
Source
Euro Stoxx 50 Showing Signs of Fatigue as EU Data Worsens
access_timeOctober 18, 2024
Latest:
- PBOC Governor provides directions for stock buybacks
- PBOC sets USD/ CNY reference rate for today at 7.1274 (vs. estimate at 7.1267)
- PBOC says its necessary to increase support to the real economy
- PBOC is expected to set the USD/CNY reference rate at 7.1267. – Reuters estimate
- USD/JPY little changed after Japan’s September inflation data
- ICYMI – NBA forecast a Reserve Bank of Australia rate cut at the first meeting of 2025
- UBS see plenty more European Central Bank rate cuts, Dec & 2025. Euro has cyclical support
- RBC expect a cascade of European Central Bank rate cuts for the next six months+
- TD on the European Central Bank – no major surprise. Now pessimistic on euro.
- Deutsche Bank expect faster rate cuts from the European Central Bank to come
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