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Eurozone price cuts heighten pressure on Draghi

Feb. 03, 2016 6:29 AM ETBy: Yoel Minkoff, SA News Editor1 Comment
  • The eurozone's manufacturing and services industries cut prices at the fastest pace in almost a year in January, underlining concerns about weak inflation in the region.
  • Markit's composite PMI declined to 53.6 - a four-month low - from 54.3 in December, and the measure of output prices dropped to the lowest since March.
  • ECB President Mario Draghi has said the Governing Council will review its stimulus again next month amid signs that falling oil prices will push the region’s inflation rate back to zero.
  • Euro +0.1% to $1.0924.

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