As European unemployment touches al time high ( 11.1%) and analyst expecting
lower growth for european countries,investor will focus on growth from debt .
For European leaders taking steps towards strong growth should be next target after step forward to calm investors concern for debt problem. Economists expect the ECB to lower its benchmark interest rate by at least 25 basis points to a record low of 0.75 percent, according to the median of 57 estimates in a Bloomberg survey, as a worsening economic outlook dampens price pressures.
“I am actually quite pleased with the outcome of the European council,” ECB President Mario Draghi told reporters in Brussels June 29. “It showed the long-term commitment to the euro by all member states of the euro area.”
Markets across the world rallied after Europe news but investors still concerned
with dismal performance of world major economies as this week focus will be non farm employment from US.
Below are important economic data today,
- US construction spending
- US ISM manufacturing
No comments:
Post a Comment