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HFXE - Eurozone Manufacturing PMIs - This Is Best Described As Recession
IQ 50 Percent Hedged FTSE Europe ETF IndexIQ ETF Trust
Is the recession here again?
The economic performance of the eurozone has been distinctly mediocre since the Crash. Indeed, it's not been good since the creation of the eurozone back last century. What we're worried about today is whether it's about to go back into recession despite hardly having managed to climb out of it.
The answer, looking at the manufacturing sector alone, is yes. For us as investors this means a relief about the actions of the European Central Bank. The Bundesbank part of that organisation has been arguing for - shouting really -