Eurozone Inflation at Three Year Low and Unemployment Hits Record High
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eurozone inflation at 1.2%
Asian stocks and investors thirst for riskier assets were down in overnight trading as weak PMI data is released in China. The USD further weakened against the Japanese yen putting pressure on the exports market.
The Fed reserve meeting which will end later today creates hope that the Central Bank will maintain interest rates at their current level, close to 0 and keep the stimulus program as it is which includes $85 bn package of bond buying. The lax policies in the US have the side-effect of boosting stock prices.
Very disappointing data came out of the euro zone yesterday which dampened the picture of global..... Read more