The rise in the euro area confidence indicators likely reflects increasingly loose lockdown measures

The sharp rise in the euro area PMIs as well as the consumer confidence indicators is at odds with the current narrative concerning the euro area. It may actually reflect the fact that lockdown measures are increasingly bypassed and, without any surprise, less and less efficient to stop the pandemic. Hopes are now fully placed in the strong rise in vaccine doses available from April. Financial markets are hesitant: bond yields have stabilized after a strong downward correction and the USD has followed the opposite path. The EUR/USD exchange rate is nearing 1.18.

Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

June 29, 2021

EUAs rebounded after an early weakness

The European power spot prices edged up yesterday as the higher fuels and emissions price combined with the expectations of stronger power demand offset the…
January 25, 2022

EUAs eroded early gains on falling equities

The power spot prices surged near 300€/MWh in northwestern Europe yesterday, lifted by forecasts of a wind surge combined with a strong demand and higher…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!