Eurozone Q3 GDP progress and inflation to problem euro’s rebound – Foreign exchange Information Preview Po
Eurozone Q3 GDP progress and inflation to problem euro’s rebound – Foreign exchange Information Preview
Posted on October 30, 2019 at 4:16 pm GMTChristina Parthenidou, XM Investment Research Desk
Simply earlier than the second spherical of quantitative easing (QE) begins on November 1, the Eurozone’s preliminary GDP progress figures for the third quarter and October’s preliminary inflation estimates will seemingly present on Thursday at 09:30 GMT that financial stimulus is far wanted as the information are forecast to return in softer.
Regardless of the ECB reducing its deposit fee to -0.5% in September and asserting the beginning of a brand new asset buy program that ought to increase liquidity within the banking sector from November onwards, Eurozone companies didn’t get very excited in keeping with September’s HIS Markit PMI survey. The Eurozone Manufacturing PMI remained beneath the 50 threshold that separates growth from contraction for the eight consecutive month and close to 7-year lows, with German factories, that are a key supply of progress within the Eurozone performing the worst because the German economic system seems to have…