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Eurozone Continues to Rely on France, Germany to Power Economy

France and Germany continued to lead other members of the Eurozone according to the latest Markit Purchasing Managers Index for the month of April. Germany’s factory activity expanded for a 19th consecutive month in April while in France, industrial activity expanded at its fastest rate in five months.

The news was not so positive for other Eurozone members where growth was on the decline in Spain and Italy while Greece made only marginal gains.

Source: BBC News

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Posted by Staff at 7:16 am UTC, 05/24/2012
Posted by Dean Popplewell at 6:32 am UTC, 05/24/2012
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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%