PTEU News and Press, Pacer TrendpilotTM European Index From 07/04/19

It is a "War," of sorts. It does not involve armaments or tanks or military armies running over the Continent but it is the third world conflict for the control and domination of Europe. While everyone focuses on the trade wars with America and China, and some focus on what is happening with I...

Brexit Is Supposed To Ruin The U.K. Economy Ever since anyone had the temerity to even think about leaving the European Union, let alone vote for it, we've been told that the very idea will immediately entirely tank the UK economy. Of course I am biased here, I used to work for Nigel Farage....

By Erik Norland The eurozone's economic expansion has hit a soft patch. Manufacturing has been shrinking for four months - but not at an alarming pace that would indicate a recession. The services sector continues to expand but at a much slower pace than in 2017 and 2018. Except for France...

Yesterday I said to Reuters: "The FOMC minutes were no surprise. I did not expect the Fed to cut today but they made a significant move indicating, strongly, that at least one rate cut was coming this year, if not more. I think they needed time to react to the ECB's new position that rates ...

Bloomberg states: "The European Commission could decide as soon as June 26 to trigger a disciplinary procedure against Italy in order to force the government in Rome to clean up its public finances. Here are the next steps: The commission has to propose opening a so-called Excessiv...

Overview: The global capital markets are trading quietly ahead of the weekend. Equity markets are mostly narrowly mixed. Chinese shares extended their run, and the major benchmarks were up 4%+ on the week. Japan, Australia, South Korea, and India saw gains pared. European equities were edgin...

Mr. Draghi's speech in Sintra, Portugal, a few days ago, was reminiscent of his famous "Whatever it Takes" speech. Mr. Draghi said the bank had "considerable headroom" to launch a fresh expansion of its $2.9 trillion Quantitative Easing program and suggested it could, in the short term, target...

On June 18th, 2019, ECB's vice president said another large bond-buying program could be an option if inflation in the region doesn't reach its intended target. As you can see in the following chart from Trading Economics , the inflation rate is dropping in the Eurozone and is currently b...

With eurozone core inflation falling to 0.8% year-on-year in May and 5-year forward inflation expectations falling to under 1.2% in recent weeks, indications from the ECB that all options are on the table to return inflation to below but close to 2% can hardly be a surprise. Adding to a steady...

By Shekhar Aiyar, deputy chief in the IMF's European Department; John Bluedorn is a senior economist in the Structural Reforms Unit of the IMF’s Research Department; Romain Duval is an advisor in the IMF's Research Department Growth in the euro area rebounded earlier this year, but ...