Hello fundamentalist traders, we update from Eurozone monetary latest situation, Eurozone Economy Stalls In Q1 Amid Weak Investment, Final data from Eurostat on Wednesday confirmed that the Eurozone economy failed to grow in the first quarter, as investors fled the currency bloc in search of safer havens. However, the region narrowly escaped a fall back into recession, a scenario that was widely expected.
Latest update from Eurozone Crisis, ECB Keeps Rates On Hold Amid Worsening Economic Outlook, Resisting calls for a rate cut, the European Central Bank maintained its key interest rates, which are already at record low levels. The bank seems to have passed solving the fiscal problems and recapitalizing the banking systems to the respective governments.
Pressure is mounting on policymakers to cut rates and introduce liquidity injection measures to alleviate the crisis, now engulfing Spain, amid fears of a Greek exit that might have far reaching consequences.
Meanwhile from U.S. Labor Productivity Revised Down To 0.9 Percent Drop In Q1, U.S. labor productivity dipped by slightly more than expected in the first quarter of 2011 as hours worked outpaced an increase in output, according to the Labor Department. Those data detail based on the department reported that business sector labor productivity fell at a 0.9 percent annual rate during the first quarter, a downward revision from the 0.5 percent decline initially reported. Furthermore, the 0.9 percent productivity drop reflects a fairly large reversal of the 1.2 percent productivity growth
No comments:
Post a Comment