Currency Note Euro

Likelihood of further QE weighs heavy on the Eurozone

By Ricky Bean December 1st, 2015

Monday was a slow day for economic data in the Eurozone, with the only report of any value coming from Germany – where consumer price data fell in line with expectation, by 0.1% month-on-month, and 0.4% year-on-year. However, expectations for further stimulus from in the struggling Eurozone by the European Central Bank (ECB) drove the euro to its lowest rate since April.

Draghi confirmed that he ‘will not hesitate’ to place more money into the economy to stop inflation from falling below the targeted 2.0%; this decision on any fresh measures to support this aim will be revealed at the ECB’s meeting on the 3rd December.

Tuesday sees the release of a number of data figures; including Gross Domestic Product (GDP), employment and manufacturing data across Germany, Spain, Italy, Greece, UK and the Eurozone itself.