Euro zone GDP (gross domestic product) growth surprised markets to the downside in the fourth quarter, rising by just 0.1%.
German manufacturing has continued to weigh, and industrial production figures out of Europe's largest economy sharply disappointed.
A trader works on the floor of the New York Stock Exchange shortly before the closing bell, June 29, 2015. U.S. stocks fell sharply in heavy trading on Monday and the S&P 500 and the Dow had their worst day since October after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone.The euro zone could be at a "turning point" for economic activity, according to HSBC, with disappointing growth remaining despite survey optimism.
On the individual level, the French and Italian economies contracted in the fourth quarter, and HSBC Senior European Economist Fabio Balboni suggested in a note Thursday that with growth so weak, this was further evidence that it "does not take much to knock the euro zone into contraction." However, survey data has begun to strengthen so far in 2020, with manufacturing PMI readings and economic sentiment indexes looking up.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
HSBC CEO limbo has a thin silver liningThe $150 bln bank may unveil a big strategic overhaul before naming its permanent boss. That’s messy but there’s a crumb of comfort. Interim head Noel Quinn is effectively auditioning for the job and has an incentive to show he can quickly deliver much-needed cost cuts.
Baca lebih lajut »
Euro zone economy showing signs of stabilization: LagardeEuro zone growth remains modest but there are tentative signs of stabilization, ...
Baca lebih lajut »
Euro zone economy showing signs of stabilization: LagardeEuro zone growth remains modest but there are tentative signs of stabilization, ...
Baca lebih lajut »
Europe needs to rebalance bank buffer rules: de GuindosEuro zone authorities should shift bank capital requirements, putting greater em...
Baca lebih lajut »
More Turkish reinforcements in Syria's Idlib; Russian troops killedRussia says some of its 'specialists' were killed in attacks in Idlib province even as Ankara dispatches reinforcements to counter regime incursions in ceasefire zone, media and activists say.
Baca lebih lajut »
Mnuchin says economy may fall short of Trump's 3% growth target in 2020 | Markets InsiderTreasury Secretary Steven Mnuchin said Thursday that disruptions at Boeing are expected to drag on the US economy in 2020. That could pote...
Baca lebih lajut »