12 Jan 2015
Eurozone: The warm up has started - ING
FXStreet (Guatemala) - Analysts at ING Bank NV noted recent bubbling conditions around Europe and eurozone.
Key Quotes:
"The Eurozone is preparing for yet another showdown. This week, the exciting warm up should continue".
"UK: The oil effect...Plunging oil prices have contributed to falling oil output, but have had a positive impact on the trade balance now that the UK is a net oil importer".
"France: Worse-than-expected production figures confirm a stagnation in 2014
Figures recently published by the INSEE showed that industrial production is most likely to decrease in 4Q14, with manufacturing showing more negative figures than expected. The Bank of France business sentiment index to be published today is, however, likely to show more optimism on the back of lower euro and energy prices. But it will take time to be reflected in the hard data".
Key Quotes:
"The Eurozone is preparing for yet another showdown. This week, the exciting warm up should continue".
"UK: The oil effect...Plunging oil prices have contributed to falling oil output, but have had a positive impact on the trade balance now that the UK is a net oil importer".
"France: Worse-than-expected production figures confirm a stagnation in 2014
Figures recently published by the INSEE showed that industrial production is most likely to decrease in 4Q14, with manufacturing showing more negative figures than expected. The Bank of France business sentiment index to be published today is, however, likely to show more optimism on the back of lower euro and energy prices. But it will take time to be reflected in the hard data".