EEA News and Press, The European Equity Fund Inc. From 10/06/20

Eurozone PMI at three-month low as rebound shows signs of stalling. Stronger upturn in manufacturing offset by renewed fall in service sector activity. Of the four largest euro members, only Germany saw sustained recovery. Spain suffered largest hit amid fresh Covid-19 worries. ...

The declining trend in eurozone fragmentation risk is meeting resistance. The ECB signals that it will become the first global central bank to adopt "Sustainable Easing" into its monetary policy framework. ECB defined "Sustainable Easing" conflates Global Warming with emergency CO...

News earlier today that the US President and his wife have tested positive for the COVID-19 virus has injected a new unknown into not only the US election but the markets as well. US shares are around 1.2% lower. European shares have recouped some of the initial sharper losses. ...

The euro has been showing signs of fatigue in the past few weeks as investors rush for safe havens amid rising uncertainty over US elections. Euro leading indicators are sending mix signals at the moment, but equities and especially banks are still pricing in a "gloomy" outlook. W...

The US dollar's eight-week slide against the Chinese yuan, the longest in more than 2 1/2 years, ended this week with about a 0.75% advance. UK Chancellor of the Exchequer Sunak will replace the furlough job program, which expires at the end of October, with a new program. The Hou...

Poor bank performance is a result of their correlation with the real economy and the lack of truly organic economic growth. FX volatility is the thing to own through the year’s end because bond volatility is flat, equity volatility is already rich, and issues could play out in ...

Flash Eurozone PMI signals stalling economy as rebound from COVID-19 fades. Services contract, offsetting faster manufacturing expansion. Germany leads upturn thanks to manufacturing surge, France and periphery slip back into decline. Job losses ease but remain higher than at ...

It used to be that central banks heavily influenced inflation through tools such as interest rates, money supply and bank reserves. However, in a post-COVID-19 world with interest rates close to their lower bounds, this balance may be shifting, with fiscal policy now a much more impor...

Author's note: This article was released to CEF/ETF Income Laboratory members on September 14, 2020. Please check latest data before investing. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sector...

Overview: Asia Pacific equities have taken the march on the US. Led by a 2% rally in Shanghai, most regional markets but Australia closed the week with gains. A two-week fall in the MSCI Asia Pacific Index has been snapped. European stocks are little changed, and the Dow Jones Stoxx 600 is h...