EnergyScan

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.

sharp-rise-consumer-confidence
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-economy
January 31, 2022

Can the renewed optimism be confirmed?

The US equity markets ended the week with a bang, with the Nasdaq up 3.1%. Long-term rates are slowly rising (10-year US at 1.79%) and…
ES-power
August 27, 2021

Curve prices up on higher clean fuel costs

NWE spot baseload power prices were slightly up yesterday, to €96.053/MWh on average for today delivery (compared to €93.285/MW for Thursday), supported by expectations of…
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!

[booked-calendar]