Tuesday, November 14, 2017

European indexes down on signs of slowing euro zone

European indexes down on signs of slowing euro zone

European
indexes down on Thursday in response to the
sad statistics from Germany, France
and for the euro area as a whole. The signs
slowing the region's economy added
and concerns about the future of Greece. Eventually
Stoxx Europe 600 down to 16.10
MSK 0.77%. DAX fell 1.28%; CAC
40 fell 0,94%, IBEX 35
lost 0,47%, FTSE MIB fell
0.69%. Grew only FTSE 100,
which has less to do with Europe: it
added 0.17%.


Let me remind you,
Composite PMI for today
Eurozone fell to 53.5, although expected,
that he will rise to 54.4. And some fell
PMI indices in France and
Germany. MNP Paribas economist Ken
Uottret said that the figures "disappointing
markets. "


Even though the weak euro,
which was supposed to spur
exporters and disperse the economy,
"Manufacturing sector sensitive
to external changes and amid weakened
world trade is also not in a hurry
upstairs - although undoubtedly grow, although
not as fast as we would like. "


James
Ashley, chief economist at RBC Capital
Markets is, says the PMI
"Disappointing, but in no
the case is not considered as a reversal. "


economists
Barclays also warn
from "overzealous reading headers"
and say that there are some "encouraging
signs "for the European markets.


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