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20 matches for " ez labour market":
The ECB will leave its key refinancing and deposit rates unchanged today, at 0.00% and 0.5%, respectively, but we are confident that the central bank will expand its existing stimulus efforts via a boost and extension of the Pandemic Emergency Purchase Program.
Implied volatility on the euro is now so low that we're compelled to write about it, mainly because we think the macroeconomic data are hinting where the euro goes next.
Data yesterday showed that German inflation roared higher at the start of the year, but the devil is in the detail.
This week's economic reports have provided clear, and uplifting, evidence that EZ consumers came out swinging as lockdowns were lifted.
Markets were left somewhat disappointed yesterday by the G7 statement that central banks and finance ministers stand ready "to use all appropriate policy tools to achieve strong, sustainable growth and safeguard against downside risks."
Yesterday's data showed that the euro area PMIs were a bit stronger than initially estimated in November.
In today's Monitor, we'll let the economy be, and focus instead on what are fast becoming the two defining political issues for the EU and its new Commission, namely migration and climate change.
Yesterday's detailed Q3 growth data in the Eurozone offered no surprises in terms of the headline.
It will take a while for the economic data in the euro area fully to reflect the Covid-19 shock, but the incoming numbers paint an increasingly clear picture of an improving economy going into the outbreak.
Last week's EU summit was an exercise in political pragmatism rather than the bold step forward on reforms that investors had been hoping for.
Yesterday's final manufacturing PMIs confirmed that the headline index in the euro area rebounded further last month.
The EZ Q4 GDP data narrowly avoided a downward revision in yesterday's second estimate.
Yesterday's industrial production report in Germany was much better than implied by the poor new orders data--see here--released earlier this week.
Last week's policy announcement by the ECB and Mr. Draghi's plea to EU politicians to deliver a fiscal boost, indicate that we're living in extraordinary economic times.
The key detail in Friday's barrage of economic data was the above-consensus increase in EZ inflation.
The big talking point over the weekend was the report from Germany's Robert Koch Institute, RKI, that the Covid-19 reproductive rate jumped to 2.88 at the end of last week, driving the seven-day average up to 2.07.
Yesterday was a busy day in the EZ
Yesterday's economic data in the Eurozone were soft.
• U.S. - The strength of the recovery is growing • EUROZONE - A full recovery will take time, but a turning point is looming • U.K. - GDP in the U.K. won't make a full recovery in H2 • ASIA - The V-shaped rebouned in Chinese manufacturing is at an end • LATAM - Further rate cuts on the way in Mexico
In one line: The EZ labour market remains resilient; the trade surplus is still rising.
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