By Ed Frankl Economic activity in the eurozone contracted in December for the seventh month in a row, at a stronger pace than in November, amid weakening.
European bonds rallied on Friday as weak eurozone purchasing manager data stirred hopes the region’s central bank may be pushed toward interest rate cuts.
By Ed Frankl Industrial output in the eurozone contracted more than expected in October, presenting another weak data point for the sector and reflecting.
The ECB and BOE have spent much of 2023 following in the wake of the Fed’s moves, lifting borrowing costs but not going quite as far as their U.S. counterpart.