European investors are focused on the latest growth data from the region due on Tuesday, with investors looking for hints of a further slowdown — or a recovery — following a spate of lackluster figures.
In the fourth quarter of 2018, economic growth was confirmed at 0.2% quarter-on-quarter; which followed a 0.1% figure for the third quarter. For the first quarter of 2019, most analysts predicted growth of between 0.2% and 0.4%. Analysts polled by Reuters predicted 0.3%, although some estimated a reading of 0.5%.It's not an easy time for the euro zone with flat growth in Germany and a recession in Italy worrying investors.
Business expectations were also gloomy with political uncertainty, including Brexit, trade wars and protectionism all weighing on sentiment. IHS expected growth of around 0.2% in the first quarter.decreased "markedly" in both the euro zone and the wider EU in April. "It is not a turning point. There is clear evidence of a trade-related exogenous shock for the euro zone economy, which cannot be easily dismissed in the aftermath of a good GDP reading," Codogno, the founder and chief economist at LC Macro Advisors, said in a note Monday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares dip; euro weighed by sagging German business moraleAsian shares slipped on Thursday as a surprise deterioration in German business ...
Read more »
Euro pressured by German growth worries, dollar holds firm toneThe euro nursed losses against the dollar on Thursday after dipping to a 22-mont...
Read more »
Yen steady after BOJ decision, euro weighed by German growth worriesThe euro steadied against the dollar on Thursday after renewed worries about a g...
Read more »
World stocks slip, euro suffers, growth fears lingerWorld equity markets slipped on Thursday amid worries on global growth and as in...
Read more »
Investors brace for more euro pain as U.S. economy, dollar flex musclesAfter the euro's slide to 22-month lows against the dollar, investors are s...
Read more »
Euro hovers near 23-month lows as dollar bulls eye U.S. GDP dataThe euro hovered near its weakest level since May 2017 on Friday as traders wait...
Read more »
Netflix to issue $2 billion worth of debt, shares slipNetflix Inc. said Tuesday it plans to offer $2 billion in U.S. dollar and euro denominated senior unsecured debt. The stock fell 0.6% in premarket trade. The...
Read more »
The Euro’s Bad Year Just Keeps Getting WorseThe euro is trading at its lowest level against the dollar in nearly two years. What comes next might widen the gap further.
Read more »
European energy’s biggest M&A impasse has an exitActivist Knight Vinke has an idea to break the stalemate preventing Finnish group Fortum from taking control of 10 bln euro German utility Uniper. Splitting the latter’s business requires fellow investor Elliott and the two companies to compromise. That’s better than gridlock.
Read more »
Casino sales merely keep its head above waterThe indebted 4.2 bln euro French retailer has sold 470 million euros of supermarkets to U.S. buyout firm Apollo. The valuation looks adequate and the group’s shares are well above September lows. But leasing back its own stores will act as a drag on Casino’s recovery.
Read more »