ECB's de Guindos: Cannot be super optimistic on European economy

Eren Sengezer FXStreet

Luis de Guindos, Vice-President of the European Central Bank (ECB), crossed the wires in the last minutes saying that he cannot be 'super optimistic' on the European economy while adding that he expected the growth to pick up in the second half of the year.

The shared currency largely ignored these comments as macroeconomic data are seen as the true gauge of the performance of the European economy, which paint a gloomy picture as highlighted by this week's disappointing Ifo figures.

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Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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