News flow is thin and that will stay so for the remainder of the day. Volumes are further reduced by the US public holiday (President’s Day), suggesting some sentiment-driven trading within existing technical ranges. Later this week, attention shifts to an ECB tracker of negotiated wages (tomorrow), Minutes of previous Fed (Wednesday) and ECB (Thursday) meetings and global February PMI’s (Thursday).
French Finance Minister Le Maire yesterday brought some bad news regarding the EU’s second-largest economy, lowering this year’s growth forecast to a meagre 1%. Germany’s Bundesbank today issued a similarly depressing message about Europe’s N° 1. Its monthly report projected another economic contraction in the first three months of the year. With the economy having shrunk 0.3% in 2023Q4 it would put Germany in a technical recession.
Farmers in Europe step up protests against rising costs, green rules By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
PARIS/BRUSSELS (Reuters) - French and Belgian farmers set up dozens of blockades on highways and on access roads to a major container port on Wednesday to press governments to ease environmental rules and protect them from rising costs and cheap imports.
Farmers in Europe Step up Protests Against Rising Costs, Green Rules usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.