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Eurozone stocks turn lower as PMIs remain in contraction

Economic activity remains rooted deeply in negative territory, due to the soaring cost of living, rising interest rates and elevated levels of uncertainty.

Close-up of market chart showing downtrend

Recession worries grow in busy week for earnings and central banks

Poor PMI data underscore the challenges central banks face at a time when inflation remains very high

Close-up of market chart showing downtrend

Recession worries grow in busy week for earnings and central banks

Poor PMI data underscore the challenges central banks face at a time when inflation remains very high

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European and US PMIs weaker; EUR/USD remains near parity

With the Jackson Hole Symposium this Thursday and Friday and the Fed stating that it is “data dependent”, the US data matters more at this point.

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European Open: Evergrande Coughs Up, Flash PMI’s in Focus

Another day, another bullet dodged by the troubled Property Developer Evergrande. With a slight risk-on tone, focus now shifts to Flash PMI data for Europe and the US.

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