The business service firms in the euro zone shrank more markedly than expected in October, the debt crisis has sealed new business, increasing the risk of another recession Friday show monthly PMI surveys. The debt crisis, which hurts companies in the euro area, has experienced dramatic new twists in recent days with the political crisis [...]
The European Central Bank (ECB), against all odds, cut interest rates a quarter point Thursday, saying its new president that the eurozone could enter a recession “moderate” in late 2011 . Mario Draghi took office Tuesday, right in the maelstrom of the euro area with the return to the front of the stage of the [...]
After her tumble the day before the Paris Stock Exchange has long remained undecided on which way to go before settling in the green thanks to the positive opening on Wall Street and expectations of support ads the U.S. economy by the Fed. After the panic that blew yesterday on European stock markets, concern remained [...]
“The contraction in manufacturing activity in the Eurozone accelerated in October,” is the title of the latest survey by the Markit Economics published on Wednesday. The final sector PMI stood below the 50, boundary between the zone of expansion and contraction, and this for the third consecutive month to 47.1 against 47.3 in the flash estimate. This [...]
After Greece, Ireland and Portugal, a support plan for Italy, the third Euro-zone economy, would no longer be taboo! For now, information is always denied by all the protagonists, who see it more leverage to force Rome to accelerate its reforms … Last night, the Italian Prime Minister Silvio Berlusconi attended an Extraordinary Council of Ministers [...]
After starting the session on a positive note, the Paris Stock Exchange lost 0.31% to 3162.59 points. Investors did not appreciate the bad news on economic activity in France and euro area. Optimism is more than up to the Paris Stock Exchange on Monday. After increasing by 0.61% at the opening in the wake of the Asian [...]
The euro is still on the ground against the dollar Friday, despite the lowering expected, the note of Spain by Standard and Poor’s, in a cautious market, while the finance ministers of G20 meet Friday and Saturday in Paris. By 1300 GMT (1500 Paris), the euro bought 1.3802 dollars against 1.3783 at 2100 GMT Thursday. [...]
The Paris Bourse was maintained sharply lower Monday in mid-day and lost 2.21% in a market again annoyed by Greece, which will fail to meet its budget commitments for 2011. At 11 h 48, the CAC 40 let go 66.04 points to 915.92 points 2, after losing more than 3% in the early morning, in a [...]
The confidence of the German financial community in the economic prospects of their country for six months, measured by the barometer Zew, in August fell for the sixth consecutive time, undermined by concerns about the economy . The barometer rose to -37.6 points Zew in August after -15.1 points in July, said Tuesday in a statement the [...]
Nouriel Roubini you know? No, well you’re not alone. However, since 2008, this influential economist has acquired an international reputation. He became famous by predicting the financial crisis subprime several years in advance. Well Roubini again about him in recent days. In an analysis published in the daily economic reference, the Financial Times, U.S. economist announces collapse of the euro [...]
