EEA News and Press, The European Equity Fund Inc. From 11/24/20

Flash Eurozone PMI falls to lowest since May, adding to signs of fourth quarter downturn. Germany remains the brightest spot, led by manufacturing expansion. Job losses continue, though rate of decline holds steady. Selling prices fall, but manufacturers see upward pressure on...

According to officials, the UK and EU could strike a deal on their future trading and security relationship as early as next week. The EU is looking to maintain its current access to UK fishing waters, but the UK is taking that as an affront to its sovereignty. At some point, that sur...

European shares are advancing today, and the Dow Jones Stoxx 600 is recouping around three-quarters of yesterday's 0.75% loss. US stocks are narrowly mixed, and the S&P 500 is off by about 0.1%, and the Nasdaq is up roughly 0.6% for the week coming into today. The US dollar is...

Europe provides a glimpse of what is likely to take shape in the U.S. in the coming weeks; a more serious double dip recession is on the horizon. The bond market is the trade for the slowdown, and investors who want to play the market should buy TLT. Bitcoin will do well in an env...

The G20 meeting of finance ministers and central bankers is to further progress on debt relief for the poorest countries. The dollar slipped to a three-day low near JPY104.85 today, but it continues to consolidate Monday's surge that lifted it from around JPY103.20 to a high near JPY1...

Borrowing for liquidity, instead of for investment. Funding mix differences across countries magnified in crisis times. This is old news… what about funding in the months ahead? For further details see: The COVID-19 Liquidity Problem For Eurozone Businesses

Global business cycles are closely interconnected. Global business cycles are closely synchronized. Global equity markets respond accordingly. For further details see: Investing In Foreign Markets Sounds Exciting - But Isn't Always

Global markets embraced the removal of uncertainty surrounding the US elections, and many European leaders in particular welcomed a renewed relationship with the world’s largest economy under President-elect Joe Biden. Our Katrina Dudley and David Zahn discuss the implications ...

The initial estimate of eurozone GDP growth in Q3 far surpassed expectations. But renewed COVID-19 restrictions point to a sizeable GDP decline in Q4. Whether the eurozone can avoid another technical recession is uncertain at this point. Either way, the road back to pre-pandem...

The first interim efficacy analysis of the large-scale Phase 2/3 clinical trial evaluating Pfizer and BioNTech's COVID-19 vaccine candidate, BNT162b2, showed it to be more than 90% effective seven days after the second dose in preventing infection in participants with no evidence of prior SAR...