Eurozone industrial output rebounds


Eurozone industrial production swung to growth of 1.8% on month in November from a drop of 0.8% in October and comfortably topped consensus of +1.4%.

On year, output jumped to 3% from 0.5% and was more than double expectations of +1.4%.

The euro is flat at $1.3672. (PR)

ETFs: FXE, VGK, EUO, FEZ, ERO, EU, EPV, IEV, EZU, HEDJ, DRR, FEU, EUFX, ULE, UPV, FEP, ADRU, URR, FEEU, DBEU, FIEU

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Comments (1)
  • Danny Kerdine
    , contributor
    Comments (10) | Send Message
     
    As the Euro is at a good high against the dollar, yet much good news abounds for the EU. It might be a good time to consider an investment in EUO. The Euro will stay overvalued wrt to the dollar until the EU loosens its grip on socialist ideas, and also opens up to global ideologies.

     

    How long can the French keep hiding their heads in the sand, and how long can the Germans kept thinking they are supreme. The answers will help you see that the Euro will be brought down to earth. A pound of butter in the EU sells for 1.37 more than a pound of butter in the US, Same butter.
    14 Jan 2014, 03:52 PM Reply Like
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