Weaker than Reuter’s median forecast of -1.9% French March producer prices +0.5% m/m, pretty much in line with Reuter’s median forecast of +0.6%.
Schaeuble says he would ‘naturally’ prefer Sarkozy wins the French election. Earlier in the year Merkel was campaigning with Sarkozy. With Germany is already dictating fiscal policy to eurozone countries, getting involved in elections crosses the line. French voters are … Continue reading
Sounds to me like the market is just putting two and two together. If Hollande won’t adopt austerity if elected, the rating would become vulnerable, all else equal…. EUR/USD back below 1.3200 after stalling in the high 1.3220s. Stops eyed … Continue reading
Sensing the wind on the issue is at his back, Fracois Hollande is pushing for a renegotiation of the Fiscal Compact or a new treaty all together. Says he’ll be firm, friendly in talks with Merkel Need for avoid conflict … Continue reading
Up from final 46.7 in March, pretty much in line with Reuter’s median forecast of 47.2 Flash services PMI 46.4, down from final 50.1 in March and weaker than Reuter’s median forecast of 50.2. European stocks meanwhile coming under accelerated pressure, … Continue reading