Relative value in Europe has been strengthened by the ECB’s Asset Quality Review, the depreciation of the euro, and the inherent fundamental strength of the European economy and cheaper energy prices.
Industrial production remains an important gauge of economic activity. Greece’s IIP (industrial production index) rose 4.5% in August 2015 from August 2014.
For our study on the impact of the crisis on Europe-focused mutual funds, we selected three mutual funds that have had a long history and have seen several market cycles.
Greece’s fate in the Eurozone drove investment-grade bonds last week. A safe-haven demand for most of the week pushed yields down. But investment-grade bonds saw yields rise week-over-week.
On June 19, Russia and Greece signed a preliminary agreement for “cooperation on a pipeline that will bring Russian gas to Europe through Greece and Turkey.”
The troubled PIIGS countries—Portugal, Italy, Ireland, Greece, and Spain—have been suffering from financial sustainability concerns about large fiscal deficits and stagnated growth.
According to the Ifo President Hans-Werner Sinn, “The outlook for the German economy is overcast.” There seems to be increased pessimism among Germans with respect to business development there.
Markets in all of the major economies ended low on Monday, June 15. The bailout talks between Greece and its European creditors collapsed over the weekend.
Greece is the most indebted country in Europe. Its economy is plagued with low economic momentum, rising unemployment, rising debt, and negative inflation.
In this series, we’ll explore Greece’s recent bailout extension granted by Eurozone ministers to see how it could impact your investments in the Eurozone.
On November 14, 2014, Greece’s economy finally registered some growth and emerged from recession. The economy expanded by 1.7% in Q314, compared to 3Q13.
