EUROPE - Reports
European Manufacturing Rebounds
Italy Nears Exit from EU Deficit Procedure
Wall Street Bullish on European Stocks
European manufacturing rebounded in August, with the Eurozone’s PMI rising above 50 for the first time in three years. Strong domestic demand in southern Europe, particularly Spain and Greece, offset weakness in Germany. The recovery signals resilience despite U.S. tariffs and global uncertainty, offering cautious optimism for sustained industrial growth.
Wall Street Bullish on European Stocks
Italy Nears Exit from EU Deficit Procedure
Wall Street Bullish on European Stocks
Wall Street banks, including Goldman Sachs and JPMorgan, turned bullish on European stocks heading into year-end. They cite improving economic indicators, low unemployment, and manufacturing recovery as supportive drivers. Investors see undervalued equities with strong dividend potential, suggesting Europe could outperform amid global trade volatility and shifting monetary policy expectations.
Italy Nears Exit from EU Deficit Procedure
Italy Nears Exit from EU Deficit Procedure
Italy Nears Exit from EU Deficit Procedure
Italy is close to exiting the EU’s excessive deficit procedure as its budget shortfall narrows below the 3% threshold. ECB President Christine Lagarde highlighted fiscal improvements driven by stronger tax revenues and restrained spending. This milestone could ease investor concerns, bolster market confidence, and strengthen Italy’s credibility within the Eurozone.
Eurozone Unemployment Hits Record Low
Rising Bond Yields as UK Appoints Starmer’s Economic Adviser
Italy Nears Exit from EU Deficit Procedure
Eurozone unemployment fell to 6.2% in July, the lowest level in decades. Strong labor demand across southern Europe and steady wage growth fueled resilience despite global trade pressures. The record low highlights the bloc’s economic recovery, though structural challenges remain in youth employment and productivity, requiring ongoing policy support.
UK Manufacturing Continues to Contract
Rising Bond Yields as UK Appoints Starmer’s Economic Adviser
Rising Bond Yields as UK Appoints Starmer’s Economic Adviser
UK manufacturing continued to struggle in August, with PMI dropping to 47.0, marking its 11th straight month of contraction. Weak export demand, declining new orders, and high borrowing costs weighed on the sector. Analysts warn persistent weakness could deepen recession risks, challenging policymakers amid global trade tensions and domestic uncertainty.
Rising Bond Yields as UK Appoints Starmer’s Economic Adviser
Rising Bond Yields as UK Appoints Starmer’s Economic Adviser
Rising Bond Yields as UK Appoints Starmer’s Economic Adviser
UK bond yields climbed following the appointment of Minouche Shafik as Prime Minister Keir Starmer’s chief economic adviser. Markets reacted with caution, weighing her policy influence on fiscal strategy and monetary coordination. Investors anticipate potential shifts in spending priorities, adding pressure to gilt markets already sensitive to inflation and global uncertainty.