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<ul><li>External demand is weak and higher borrowing costs are dampening investments</li><li>Consumers remain cautious on spending activity</li><li>Inflation could slow noticeably at the start of the year, primarily on base effects</li></ul><p>The stagnation and negative growth in the euro area

<p>The dollar is trading more mixed now in European morning trade, with yields sitting lower and equities posting a decent recovery off earlier lows. Of note, US futures have pared some of the heavier losses with S&amp;P 500 futures now down just 0.2%.</p><p>Tech shares are still leading the downside, with Nasdaq futures down

<ul><li>Rate cuts will be more likely as the year progresses</li><li>We are still less optimistic than markets are on rate cuts at the moment</li></ul><p>He could've easily cleared April with the sentence in the headline but he specifically singles out March only. And that shows policymakers are quite

<ul><li>It is possible to cut rates later but with bigger steps</li><li>Personally prefer 25 bps rate cuts to begin with though</li><li>Economy is more in a stagnation phase rather than recession</li><li>The overall picture is good at the moment</li></ul><p>It is again a case of he s

<ul><li>2024 inflation seen at 2.4% (previously 2.7%)</li><li>2025 inflation seen at 2.0% (previously 2.1%)</li><li>2024 GDP seen at 0.6% (previously 0.9%)</li><li>2025 GDP seen at 1.3% (previously 1.5%)</li></ul><p>The previous survey was three months ago and while the participants

<p>Annual broad money growth reflected a marginal increase at the end of last year with the annual rate for loans to households seen decreasing by 0.3% and loans to non-financial firms increasing by 0.4%. The narrower aggregate M1 showed a decline of 8.5%, mostly reflecting the tighter conditions set up by the ECB.</p> This article [&he

<ul><li>Eurostoxx +0.3%</li><li>Germany DAX -0.3%</li><li>France CAC 40 +1.3%</li><li>UK FTSE +0.7%</li><li>Spain IBEX flat</li><li>Italy FTSE MIB -0.2%</li></ul><p>The world's biggest luxury group, LVMH, posted a 10% rise in Q4 sales and that is helping

<ul><li>Prior 89</li></ul><p>French consumer sentiment continues to improve in recent months but is still below the long-term average of 100. There is a decrease in fears on unemployment and a sharp decline on the prices outlook. So, those are at least some positive developments from the latest snapshot in January.<

<ul><li>Prior -25.1; revised to -25.4</li></ul><p>As we get into the new year, the dark clouds continue to circle around German economy. And that is dashing any hopes of a recovery in the consumption sector especially. The unexpected dip here makes this the lowest reading since March last year. And it reaffirms a softe

<p>Major currencies aren't up to much as the push and pull in trading this week is not giving traders much conviction to work with. That is exemplified by the situation in the bond market as outlined <a href="https://www.forexlive.com/news/bond-yields-hold-lower-ahead-of-european-trading-20240126/" target="_blank"