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Euro-area consumer confidence for November, on Thursday, may drop to 25.8, according to a Bloomberg survey, after unemployment reached a record high. The index has been below the 10-year average of minus 14.8 for 15 months. This sample data is from Economics Europe. To take a trial click here.
FX WATCH COMMENTARY BY Da vid Powell, Bloomberg Economist The sharp slowdown in the accumulation of foreign-exchange reserves by the People’s Bank of China has removed a pillar of support from the euro versus the U.S. dollar. The Chinese central bank reported over the weekend its holdings of foreign currencies rose to $3.29 trillion in September from $3.24 trillion [...]
Switzerland’s ZEW investor confidence survey may show an increase for a third month in September, indicating the economy may escape a recession. The Swiss economy contracted 0.1 percent in the second quarter, the first drop in output for almost a year, as exports declined and companies cut spending. Swiss central bank President Thomas Jordan said in June risks for [...]
ECB Governing Council member Luc Coene said rising yields may force Spain to ask for aid and submit to ECB conditions. The world economy is sliding into a “twilight zone” between outright expansion and renewed recession, says Joachim Fels, chief economist at Morgan Stanley. Indonesia may surpass Germany and the U.K. by 2030 to be the [...]
The euro area may have posted a record 15 billion-euro trade surplus in July, according to a Bloomberg survey. Exports from the euro area to the rest of the world rose 12 percent in June from a year earlier, outpacing a 2 percent annual gain in imports and reflecting a weakening of the euro. The single currency was [...]