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EUR Daily Review December 6, 2017

EUR Daily Review for December 6, 2017

Eurozone Retail Sales Fall More Than Expected In October

Eurozone retail sales declined at a faster-than-expected pace in October, after rebounding in the previous month, data from Eurostat showed Tuesday. Retail sales dropped 1.

 

Eurozone Private Sector Growth Strengthens As Estimated

Eurozone private sector growth accelerated as estimated in November, final data from IHS Markit showed Tuesday. The composite output index rose to 57.5 from 56.

 

European Shares Mixed Amid Profit Taking

European stocks were mixed on Tuesday as investors monitored currency movements and looked ahead to further progress in Brexit talks and U.S. tax reform. In economic releases, business activity across the euro zone accelerated to its fastest pace in over six years in November, data showed.

 

European Economics Preview: UK Services PMI Data Due

The services Purchasing Managers’ survey from the UK and retail sales from euro area are due on Tuesday..

 

European Shares Set To Follow Asian Peers Lower

European stocks may open flat to slightly lower on Tuesday after British Prime Minister Theresa May failed to strike a Brexit divorce deal with EU negotiators. The U.

 

GE to cut 4,500 power business jobs in Europe: report

General Electric Co. GE, -1.06% plans to cut thousands of jobs from its power equipment making business in Europe, according to a French news report l

 

EUR/GBP Is a Pair Suited to Current Conditions with Serious Fundamentals Ahead

As the UK works at an amiable exit from the European Union, speculation has factored in a host of negative positive outcomes for the Pound.

 

EUR/USD Technical Analysis: Euro Struggling to Make Headway

The Euro broke support guiding prices higher over the past month, hinting the down trend started against the US Dollar in September may be resuming.

 

Have a nice trading!




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