8 Dec 2014
Eurozone economy is weakening massively – KBC
FXStreet (Barcelona) - The KBC Bank Team cite ECB’s Nowotny who said that the eurozone economy is weakening massively with inflation expected to fall further in Q12015.
Key Quotes
“European shares dropped lower today, reversing part of Friday’s strong gains. The correction is led by energy shares and materials. In the US, equities opened mixed in an uneventful session devoid of eco data or other news items.”
“The euro zone economy is weakening massively, ECB’s Nowotny said in a speech today and added that they expect even lower inflation rates in the first quarter of next year. In such a context, Nowotny said that buying government bonds can certainly be valuable.”
Key Quotes
“European shares dropped lower today, reversing part of Friday’s strong gains. The correction is led by energy shares and materials. In the US, equities opened mixed in an uneventful session devoid of eco data or other news items.”
“The euro zone economy is weakening massively, ECB’s Nowotny said in a speech today and added that they expect even lower inflation rates in the first quarter of next year. In such a context, Nowotny said that buying government bonds can certainly be valuable.”