The Euro area composite PMI rose to 54.0 from 53.1, making it unlikely that the ECB will move against deflation in May
The Chinese HSBC/Markit flash manufacturing PMI was up to 48.3 from 48.0. However, this still shows contracting manufacturing and means China is still rebalancing
Yesterday on Boom Bust, the finance show I produce, Marshall Auerback gave a good overview of what is going on in Europe and what the policy options are. His verdict is that eurozone breakup is off the table for ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.