PremiumRecession Risks Roar Back To Life In Europe After Weak PMIs
This article is so good
it's for premium members only.
Does that sound like you?
Already a member? Sign in.
PREMIUM
ONLY $30/MONTH
BILLED ANNUALLY OR $35 MONTHLY
All BASIC features, plus:
- Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
- Access to our Private X Account, The Market Ear analysis, and Newsquawk
- Ad-Free Experience: Enjoy an uninterrupted browsing experience.
PROFESSIONAL
ONLY $125/MONTH
BILLED ANNUALLY OR $150 MONTHLY
All PREMIUM features, plus:
- Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)
Authored by Simon White, Bloomberg macro strategist,
Rates in Europe are marking higher their implied likelihood of a recession after a weak set of PMIs in the region. Euribor futures are ~10 bps higher and the euro fell more than a big figure lower.
November flash PMIs for France, Germany and the euro zone were released this morning and were weaker than expected across the aboard. Manufacturing PMIs have been in contraction for longer than they ever have been before for Germany and almost the longest for France.