Kristian Rouz — A new report from HIS Markit suggests that Eurozone business confidence has dropped to its 18-month lowest, mainly due to a slowdown in industrial activity. The data also points to a gradual cooling of the powerhouse European manufacturing sector each month of this year — after a stunning 52-percent increase in corporate earnings across the top 500 Eurozone companies. CC BY-SA 2.0 / Images Money / EuroEurozone ‘Always In Danger and Reforms Have Not Gone Far Enough’ – ProfessorCorporate CEOs say the ongoing turmoil is stemming from the fears of disruptions in the global trade, as US President Donald Trump is seeking to remodel his country’s trading relationships with its major partners. Whilst this might be a nuisance for the international supply chains, European CEOs also cited several internal European problems as hampering their expectations. READ MORE: European Central Bank to Wrap Up Easy Money Policies by Year-end IHS Markit’s report highlighted labor disputes, rising salaries and wages, higher energy costs and the strengthening FX rate of the common currency — the euro — have all contributed to the declining business confidence in the Eurozone. © REUTERS / Francois LenoirEurogroup Rules Out New Bailout Program for GreeceThis comes despite the Eurozone composite Purchasing Managers’ Index (PMI) slightly increasing to 54.9 in June — but still down from 59.0 at the beginning of the year and closer to its 1Q17 levels of 54.5. Readings above 50 indicate… Read full this story
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