For the ECB to be hiking rates, they needed to see some clear signs of growth. And they are getting it now in abundance. |
In terms of fiscal policy very little is expected from the budget. |
It takes the pressure off the euro, and it is maybe the first time when a couple of [consecutive] numbers have come out positive for it, |
It takes the pressure off the euro, and it is maybe the first time when a couple of [consecutive] numbers have come out positive for it. |
It was above 50 before the Iraq war started, and now that downward reaction to the war has been unwound. Are we likely to see sustained long-term growth? That's still uncertain. |
It's the lowest level of growth for almost a decade and the government had indicated it was expecting something in the region of 3 percent, |
So the fact we got growth of about half a percent tells you how poor the performance was over the last year. |
That is a recipe for market volatility, and I think it will increase rather than grow less in the months ahead. |
The (second-quarter) numbers are nothing to shout about, and they could have been worse, ... We can expect the third quarter to be subdued and possibly a better fourth quarter. |
The collective denial on the euro zone economic recovery is belatedly challenged as markets and forecasters finally wake up to reality. |
The consensus PMI forecast was for a small decline and that's what we got, so it was a neutral outcome in the end, |
The data tells us that recovery is on its way, but it's not booming growth. |
The euro remains competitive, well below levels witnessed at the start of European monetary union when there was little complaint from manufacturers, |
The market's negative reaction to today's press conference is entirely justified. |
The obvious focus for the market will be the core PPI, and given what we've seen for consumer prices, we should see a relatively modest increase there, |