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  • French economy contracts at strongest rate for almost three years in September

    From pmi.spglobal.com

    The downturn in France’s economy gathered pace in September as private sector business activity levels fell at the strongest pace since November 2020. Furthermore, sector data reflected the broad-based weakness of France’s economy as declines in both manufacturing and services accelerated markedly since August. Frequent reports from panel members of poor demand conditions, a key factor behind September’s steep fall in activity, were corroborated by the latest HCOB PMI data, which showed the quickest decline in new orders since November 2020. The worsening business climate weighed on firms’ outlook for the ... (full story)

OMG ... why so bad
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Probability Win = 20% Lose = 80%
Trading eur is just like just short. It gonna work out well .
And their bankers try to copy the Fed, higher for longer. Lol. Your economy is crashing. The Fed can do this because the US economy is resilient.
Heavy dependence on China, manufacturing and sales of luxury items. MoM volume of sales has been trending lower
Break the cake
Quoting Rich.C
Heavy dependence on China, manufacturing and sales of luxury items. MoM volume of sales has been trending lower
They could do because they could print usd which is used everywhere. Like everywhere.
oh dear , now trouble in EU area
Probability Win = 20% Lose = 80%
Gonna be a long winter for europeans
Stagflation will hit Europe especially hard. Following years will be fun, very different comparing to what we had since 2008.

https://www.scmp.com/comment/opinion...nomic-slowdown
Let’s see how Germany does
Quoting umbrella man
Let’s see how Germany does
1.05xx if below consensus.
Quoting valentasm
{quote} They could do because they could print usd which is used everywhere. Like everywhere.
I'm not sure how France, or China, can print and own USD without transacting with the US first?

Yes, USD is everywhere. Estimates suggest 70% of all printed USD is held outside of the US, and Global Debt is estimated at $307 T (USD) which is, in large part, US serviced Bonds. And the bond market run the FED.

But these are separate issues to the largest companies in France being heavily dependant on China for sales
Break the cake
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hey guys, can someone help me how to follow these dates and where I can stream the information?
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Quoting umbrella man
Let’s see how Germany does
V-shape recovery )))
Quoting umbrella man
And their bankers try to copy the Fed, higher for longer. Lol. Your economy is crashing. The Fed can do this because the US economy is resilient.
There is no way ECB will stay higher for longer. Our economy is down the drain and its clear to everybody. EU is finanzed with variable debt and therefore the hikes hit much harder here than in the US. So consumers are suffering and obviously that spills over to the economy.
ECB still in big trouble ... ECB can not support (pause , like all governor central bank EU countries said in latest ECB/Lagarde speak) loan more for EU countries (stimulus) for long term .. so how ECB/EURO for strong , mission imposible for short term (until end of this years)
Probability Win = 20% Lose = 80%
No doubt the hand writing is on the wall,but during new York session be careful of spike before the real trend will resume.
Quoting Ferna
{quote} Exactly, we are not the united states of Europe. Each country has it’s own particular culture and economy. We cannot mirror U.S nor can we replace China at the same time. What made things worse, is that no one is recognized as a leader in Europe by the people thus most actions the ’perceived leaders’ do have no weight to it, so can’t play into economic science from the time Europe was booming. Can’t put in a quadzillion of wishes from the top in form of regulation, goals, policys and visions it just becames a big pancake of it all.
Haha, that's crazy, isn't it? All have the same interest rate now. No matter if France is going down and Germany is doing better. All the same interest rates. So either you damange France or Germany. All economies under one carpet. Well... we see what will happen with EU.
Quoting JackintheBox
{quote} Haha, that's crazy, isn't it? All have the same interest rate now. No matter if France is going down and Germany is doing better. All the same interest rates. So either you damange France or Germany. All economies under one carpet. Well... we see what will happen with EU.
Thats an issue that ECB will face as long as it exists.
but inflation rate is not reach peak
Probability Win = 20% Lose = 80%
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