Eurozone economy appears to be on shaky ground, with the latest PMI figures showing continued deterioration. October saw Manufacturing PMI slide to 43.0 from 43.4, while Services PMI dropped to a concerning 32-month low of 47.8, down from 48.7. Composite PMI wasn’t left behind, recording a 35-month low at 46.5, down from 47.2. Cyrus de […]
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Eurozone retail sales edged lower in March, with the volume of retail trade falling -0.1% mom, outperforming expectations for a steeper -0.4% mom decline. The data suggest consumer spending remains soft, as higher energy costs Read more…
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The Australian dollar continues to strengthen, pushing to fresh 2021–2022 highs, supported by a combination of the Reserve Bank of Australia’s tight monetary stance and a weaker US dollar. This week’s rate hike by the Read more…