The cyclical divergence between the US and Europe continues, as the November US manufacturing PMI pointed to continued strong growth while the euro area PMIs did not bring the rebound in momentum that markets were hoping for, explains the research team at Danske Bank. Key Quotes “It looks like some the recent euro area growth weakness will persist in Q4, as composite PMI fell to a 4-year low. Manufacturing remains the main area of weakness amid slower global demand, rising political and economic uncertainty, trade war repercussions and persistent sluggish car sales. However, the slowdown is also broadening out to service sector activity, where demand and new business inflows havewaned recently. The data is increasingly challenging the ECB’s ‘balanced’ growth assessment and its belief in temporary factors lying behind the recent slowdown, although we do not expect it to derail the QE exit strategy at the 13 December meeting.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cyclical divergence between the US and Europe continues – Danske Bank FX Street 4 years The cyclical divergence between the US and Europe continues, as the November US manufacturing PMI pointed to continued strong growth while the euro area PMIs did not bring the rebound in momentum that markets were hoping for, explains the research team at Danske Bank. Key Quotes "It looks like some the recent euro area growth weakness will persist in Q4, as composite PMI fell to a 4-year low. Manufacturing remains the main area of weakness amid slower global demand, rising political and economic uncertainty, trade war repercussions and persistent sluggish car sales. However, the slowdown is also broadening out to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
