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» European Markets

  • EC Slashes Eurozone GDP Forecasts (Not Enough)
    By on November 7, 2014 | No Comments  Comments
    The European Commission slashed Eurozone GDP Estimates (yet again), yet they remain in positive territory. Revision Summary The EC revised Ireland, Malta, and Slovenia up. Greece and Netherlands were flat. The EC revised every other country lower from forecasts made in May of 2014. Notably, the E...
  • Global Markets No Longer Dragging On US Market?
    By on November 4, 2014 | No Comments  Comments
    One of the big concerns during the summer and fall months was that tumbling global markets were likely to drag the U.S. market down with them. That worry received considerable relief in the big back-to-back market gains of the last two weeks. The big weeks were across the board globally. Not many g...
  • European Service Prices Plunge At Steepest Rate Since...
    By on October 30, 2014 | No Comments  Comments
    The Markit Flash Eurozone PMI shows the steepest fall in output prices since the global crisis began. The PMI also shows renewed job losses in spite of an otherwise stable PMI. The Eurozone saw a marginal upturn in growth of business activity in October, according to the flash PMI results. The hea...
  • How Much Longer Can The Global Trading System Last?
    By on October 7, 2014 | No Comments  Comments
    My last blog entry inspired an old Brazilian friend of mine, with whom I hadn’t had any contact for years, to comment on this section of the interview: It seems to me that the US is becoming increasingly isolationist, largely because it is increasingly uncertain that the benefits to the US of a...
  • Ready Or Not: Unsustainable Status Quo Is Ending
    By on October 4, 2014 | No Comments  Comments
    I have to confess, it’s getting more and more difficult to find ways of writing about everything going on in the world. Not because there’s a shortage of things to write about — wars, propaganda, fraud, Ebola — but because most of the negative news and major world events we s...
  • An Independent Scotland?
    By on September 17, 2014 | No Comments  Comments
    The United States is just starting to think about the upcoming elections (for whatever reason, the vast majority of people don’t focus on politics until after Labor Day), but there is another election happening “over the pond,” where the polls have just made everybody do a double-take. I am of...
  • Why The Eurozone Could Be A Problem For Stocks
    By on September 10, 2014 | No Comments  Comments
    A few weeks ago I asked a simple question: “Can The U.S. Economy Stand Alone?” “The following chart is food for thought. There are extremely high expectations that the U.S. economy will achieve “lift off” in terms of economic growth eventually achieving 3-4% annualized growth ...
  • Eurozone Manufacturing PMI Falls To 13-Month Low
    By on September 3, 2014 | No Comments  Comments
    The Markit Eurozone Manufacturing final data shows Eurozone Manufacturing PMI at 13-month low in August. The rate of expansion in eurozone manufacturing production eased to its lowest during the current 14-month growth sequence in August, as companies faced slower increases in both total new order...
  • Should We Be Concerned About Stocks In September?
    By on September 1, 2014 | No Comments  Comments
    Not that we are predicting a bear market. But is it true, as some are claiming, that it would be rare for a bear market to begin this late in the year after reaching a new high in August. In fact, of the 25 bear markets since 1900, five of them began in September. And another 10 of them began in Oct...
  • Why The Eurozone Is Growing Problem For US Economy
    By on September 1, 2014 | No Comments  Comments
    The 18-nation euro-zone is the largest economy in the world, eclipsing that of the U.S. The euro-zone is the largest trading partner of the U.S. (the largest importer of U.S. goods, the largest exporter of goods to the U.S.). The euro-zone is in an economic crisis. Its recovery from the 2008 glob...
  • European Rallies At Important Juncture…
    By on August 27, 2014 | No Comments  Comments
    Our technical indicators (not shown) have had us calling for a rally in Europe’s markets off their short-term oversold condition beneath 50-day moving averages. For a couple of weeks it was just not happening. Every time they tried to rally they were hit with more bad news, either on their economi...
  • Europe Is Tanking, QE Is Coming
    By on August 20, 2014 | No Comments  Comments
    Last year the world kind of forgot about Europe. After ECB head Mario Draghi vowed to “do whatever it takes” to get the Continent growing, the markets calmed down, money got cheap and plentiful and functionally-bankrupt countries like Greece, Italy and Spain stopped making scary headlines. To th...
  • Europe: Germany Contracts, France Stagnates, Italy In...
    By on August 20, 2014 | No Comments  Comments
    The recovery in Europe, not that there was ever much of one, is now over. As expected in this corner, Germany Contracts and France Stagnates in Second Quarter.  The data from the currency bloc’s two largest economies came as the embattled French government said the disappointing growth meant it...
  • Europe Being Repeatedly Hit When Already Down!
    By on August 20, 2014 | No Comments  Comments
    Tracking with the signals of our short-term technical indicators, European markets topped out in June. The U.S. market topped out into a less severe short-term pullback in July. Two weeks ago I said they were both oversold beneath their short-term 50-day moving averages to a degree that should bring...
  • European Economic Recovery Ended In Q2
    By on August 20, 2014 | No Comments  Comments
    As feared, Europe’s shaky recovery from the Great Recession ended again in the 2nd quarter, at least for now. The 18-nation euro-zone has struggled mightily to recover from the 2008 meltdown. It dipped back into recession after its initial recovery. And now its recovery from that double-dip lasted...
  • European Markets Look Downright Scary
    By on August 12, 2014 | No Comments  Comments
    Here’s the situation. The economy of the 18-nation European Union is about the same size as that of the U.S., with roughly equal impacts on each other and on global growth. Germany, France, and the U.K. are the largest economies in the EU, and the fourth, fifth, and sixth largest economies in the...

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