Dovish ECB
The ECB is willing to enlarge its balance sheet by EUR 1 000bn. Too meet that target additional measures could prove necessary.
Autumn forecasts
The European Commission lowered its outlook for European growth. Detailed country forecasts will be used for the reports on economic imbalances and fiscal prospects.
France
Unemployment benefits soon to be tightened?
In France, a new two-year agreement on unemployment insurance was signed in May of this year, running until mid-2016. This new agreement will not help to significantly reduce the regime deficit.
Spain
So far so good
The Spanish recovery risks running out of steam in the quarters ahead. PMI surveys have been declining since summer. The slowdown in export markets could undermine job creations and domestic demand.
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Editors’ Picks
EUR/USD alternates gains with losses near 1.0720 post-US PCE
The bullish tone in the Greenback motivates EUR/USD to maintain its daily range in the low 1.070s in the wake of firmer-than-estimated US inflation data measured by the PCE.
GBP/USD clings to gains just above 1.2500 on US PCE
GBP/USD keeps its uptrend unchanged and navigates the area beyond 1.2500 the figure amidst slight gains in the US Dollar following the release of US inflation tracked by the PCE.
Gold keeps its daily gains near $2,350 following US inflation
Gold prices maintain their constructive bias around $2,350 after US inflation data gauged by the PCE surpassed consensus in March and US yields trade with slight losses following recent peaks.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.