Seeking Alpha

European equities climb following mixed eurozone PMI data, with German shares just about...

European equities climb following mixed eurozone PMI data, with German shares just about brushing off poor PMI readings for the country, although the euro falls vs the dollar. EU Stoxx 50 +0.8%, London +0.5%, Paris +1.2%, Frankfurt +0.1%, Milan +0.7%, Madrid +1%. Euro -0.7% at $1.2979.
Comments (1)
  • It was mentioned that despite a rise in European equities, the EUR fell. Is this not because the market is now factoring an ECB rate cut ? Europe, unlike the US and UK, still has gas left in terms of monetary policy stimulus and is now poised to use it.
    23 Apr 2013, 09:02 AM Reply Like
DJIA (DIA) S&P 500 (SPY)