EEA News and Press, The European Equity Fund Inc. From 12/17/20

The prospects of a UK-EU deal and US stimulus continue to underwrite risk appetites and weigh on the dollar. The dollar has lurched lower against nearly all the world currencies today. Gold is shining in the weak dollar environment. For further details see: Dollar Thumpe...

The December 2020 meeting of the European Central Bank focused once again on asset purchases and generous liquidity provisions to the financial sector instead of lowering policy rates further, in line with our longstanding view that the ECB is near the effective lower bound on the deposit...

The odds of a UK-EU agreement and new stimulus before year-end in the US have faded and are sapping risk appetites ahead of the weekend. The dollar had held above JPY104 for the past two sessions, but yesterday recorded a bearish shooting star candlestick. European officials have ...

Time is running out for the UK and Europe to reach an agreement on the terms under which the UK will leave the European Union at year end. The negotiations on the future relationship between the UK and the EU, called Brexit, had progressed fairly far in recent weeks, but now appear to...

Many UK companies fear the impact of any post-Brexit trade deal on their supply chains, the increased red tape, and their sales to the EU. UK services could be worst hit sector when the UK leaves the EU Single Market, implying deep economic costs. Failed EU-UK trade talks will spa...

December may normally be associated with everything slowing down as we ease our way into the festive period, but as with everything else in 2020, this is no normal December. Donald Trump is continuing to fight the election result and is going out swinging, Brexit talks are somehow sti...

Equities are finishing the week on a firm tone, while the US dollar remains heavy. So far this month, both the S&P 500 and Nasdaq are up about 11%, while the Russell 2000 is up nearly 20%. Gold is bouncing along its trough, holding above $1800 but unable to move above $1820. ...

The K shape makes a lot of sense, where the upper end kind of is bouncing, the upper part of the K and then the other side are declining. One of the effects of COVID is it's essentially accelerated the adoption of multiple technologies at a mass level that we would never have seen so ...

Flash PMI™ survey data show US expansion accelerates as Europe slides into a renewed downturn amid tougher COVID-19 restrictions. Contractions less severe than earlier in the year. At 51.2, the G4 economies' flash PMI output index^ was down from 52.6 in October, and also we...

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...