WEAK EUROPEAN PMI READINGS

By Marc Chandler, Global Head of Currency Strategy, Brown Brothers Harriman

Here is a Great Graphic from the Financial Times.  It captures the weakness in the core, as in Germany, France and the Netherlands.  It also underscores the problem Spain faces.  Its PMI was below Greece’s.  The prospects for such a weak economy can only make its regional and banking problems more acute.  Ireland is the strongest, but given the weakness in its major trading partners and the US, the risk seems on the downside.

 

Marc Chandler

Marc Chandler

Marc Chandler has been covering the global capital markets in one fashion or another for nearly 25 years, working at economic consulting firms and global investment banks. Chandler attended North Central College for undergraduate. He holds masters degrees from Northern Illinois University and University of Pittsburgh in American History and International Political Economy. Currently Chandler teaches at New York University Center for Global Affairss, where he is an associate professor.

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