Eurozone: Increasingly evident slowdown – BNP Paribas


In view of analysts at BNP Paribas, Eurozone’s slowdown is becoming increasingly evident, especially in the German economy, which has suffered from one-off factors but also from a slowdown of exports to China.

Key Quotes

“Capacity constraints also play a role. Business climate in the manufacturing sector continues to decline. Italy has now entered a technical recession with quarterly growth negative in the third and fourth quarter of 2018.”

“Inflation is now expected to decrease following the past drop in the oil price, while core CPI is hardly moving. The activity slowdown also implies that the pick-up in core inflation should be slower than expected until recently. We do not expect the ECB to move rates this year.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News


Latest Forex News

Editors’ Picks

AUD/USD keeps Tuesday’s recovery within familiar region below 0.7000

AUD/USD remains on the front foot around 0.6980 at the start of Wednesday’s Asian session. The pair snapped the previous three-day losing streak the previous day after reversing from 0.6920. Though, 0.7000 threshold remains as the key resistance for the bulls to clear.

AUD/USD News

Gold: Daily chart shows temporary uptrend exhaustion

Gold's daily chart shows a bearish divergence of the MACD, a sign of uptrend exhaustion. A break below the 10-day SMA could prove costly. The metal looks vulnerable to price pullback.

Gold News

WTI: Prints another pullback from $41.00

WTI takes a U-turn from $41.08 to mark fifth failure to stay beyond the $41.00 threshold. 21-day EMA, a three-week-old support line restrict immediate downside. June month high, 200-day EMA offers strong resistance.

Oil News

BOJ Preview: No changes in policy, but forecast downgrades expected

After a chaotic end to Q1, the Bank of Japan is back to usual business. Policymakers will have a meeting to decide on monetary policy early Wednesday.

Read more

Euro nears 4-month highs, CAD rate decision

Over the past few weeks, euro has been one of the best performing currencies. It rose to a nearly 4 month high versus the US dollar despite weaker than expected economic data.

Read more

Forex MAJORS

Cryptocurrencies

Signatures