Analysts at Danske Bank cite the coronavirus (COVID-19) implications to suggest that the European economics are in for further weakness. Though, the bank report still negates imminent rate cuts from the ECB. Key quotes With the spread of COVID-19 infections to Italy and thus the European continent, the coronavirus crisis has morphed from mainly a supply shock disrupting inputs to production especially from China, into a demand shock as Europeans stay home and postpone their travel plans. Although the coronavirus has taken the European equity markets and media headlines by storm, it has still not blown down February’s PMIs. We could be in for some volatile inflation prints in the coming months as falling demand for recreational and travel-related services weighs on service price inflation. Although inflation volatility might increase, we do not think new ECB rate cuts are imminent. In Germany, the Angela Merkel succession race has intensified with the new CDU party leader already to be decided at a special party convention on 25 April. 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 US Dollar Index looks for direction near 97.30 FX Street 3 years Analysts at Danske Bank cite the coronavirus (COVID-19) implications to suggest that the European economics are in for further weakness. Though, the bank report still negates imminent rate cuts from the ECB. Key quotes With the spread of COVID-19 infections to Italy and thus the European continent, the coronavirus crisis has morphed from mainly a supply shock disrupting inputs to production especially from China, into a demand shock as Europeans stay home and postpone their travel plans. Although the coronavirus has taken the European equity markets and media headlines by storm, it has still not blown down February's PMIs. We… 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.
