While conditions in many European markets are beginning to improve, boosting investor optimism, France continues to face challenges. The key issue for one of the eurozone's leading economies is its growing budget deficit, Reuters reports.
The price of shipping a 40-foot container from China to the UK has surged about 60% to reach $3,305 over the past three months. Increased shipping rates are reflected in prices of goods sitting on the shelves.
Leading global banks, Goldman Sachs and HSBC, are cautioning investors about rising yields on German government bonds as Berlin ramps up its budget spending. Despite strong demand for top-rated "AAA" assets, analysts note that the country’s debt market is now facing growing pressure.
According to Boris Vujcic, a member of the Governing Council of the European Central Bank (ECB), the regulator should not perceive the temporary drop in inflation in Europe below the 2% target as something too serious. The ECB mustn’t hurry with further interest rate changing.
Analysts at ING forecast the euro-dollar currency pair to consolidate within the range of 1.1700–1.1830 this week. However, they warn of an upside risk to 1.1900–1.1910 if Washington misjudges market sentiment. Yet, this scenario is unlikely.
The GBP publication is expected
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