020 7898 0500Some more positive data from the eurozone yesterday, as figures released showed that the number of people unemployed across the eurozone is now at its lowest figure for nine years. Germany reported the lowest level of unemployment, with France some way behind. Still, encouraging signs of a recovering economy. The euro strengthened a little against the dollar but unsurprisingly slid against the pound.
Other than that, it was a fairly quiet day as the focus was on the rallying pound, as well as May and Trump’s disagreement over the President’s Tweeting. It really is astonishing that one of the main headlines is one leader taking another leader to task over what they are retweeting, but that’s the uncertain world we find ourselves in right now. Incredible.
There are no major releases today, but Markit manufacturing PMI is out in a raft of countries across the eurozone, as well as the eurozone itself. In the eurozone, it is expected to push to 60.0 from 58.5 and, as any figure above 50 shows growth, if it does touch 60 that will be an extremely strong reading.
