« Are Japanese stocks oversold? | Main | UK stocks still following historical pattern »

More evidence of Eurozone cooling

Posted on Friday, September 21, 2007 at 11:56AM by Registered CommenterSimon Ward | CommentsPost a Comment

The euro’s surge against the US dollar and sterling partly reflects a view that the Eurozone economy will “decouple” from expected US and UK weakness. Interesting then that the latest business surveys convey exactly the opposite message. While the US Philadelphia Fed and UK CBI manufacturing surveys remained upbeat in September, Eurozone purchasing managers have become markedly more bearish. Complacent ECB officials may soon suffer a rude awakening.

manufacturingsurveys.jpg

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>
Alert
Comment Moderation Enabled
Your comment will not appear until it has been cleared by a website editor.