Want to know what the ECB is going to do? Watch the German PMI

April 23, 2013

A sudden turn for the worse across German companies should clinch an interest rate cut from the European Central Bank next week, or in June at the latest.

France’s downturn is more significant than you think

April 5, 2013

The huge downturn in French businesses was by far the most disappointing aspect of this week’s euro zone PMIs, which again painted a dismal picture of the euro zone economy.

Beware: UK services PMI is no crystal ball for QE

March 5, 2013

Take with a pinch of salt economists who say Tuesday’s strong UK services PMI ¬†might persuade the Bank of England to hold off from restarting its printing presses this week.

The euro zone today – strikes, reform and recession

By Mike Peacock
March 22, 2012

The euro zone economy looks to have contracted at a faster pace in March, according to the latest purchasing managers’ data, hours after ECB President Mario Draghi declared the worst of the debt crisis to be over. A mild recession appears to be in prospect with the probable exception of Germany.