Wednesday, February 22, 2012

Cloudy picture for the Eurozone economy

With Greece's bailout package now supposedly out of the way, the markets are once again focusing on the Eurozone economy. And the picture there is quite cloudy. The Eurozone PMI miss today is driving down European stock markets.

Eurozone PMI (Bloomberg)
EuroStoxx50 (intraday)
As discussed before, the Eurozone recession may not end up being "short and shallow" after all.
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