Spain was the big winner in today’s release of PMI Manufacturing data, while France (and Greece) were more disappointing: The divergence between Spain and France– and the implications for each country’s industrial production, based on past correlations– is quite striking:...
Most investors are familiar with the surge in bond yields in Europe’s ’peripheral’ countries....
Government bond yields in Europe have declined rather rapidly in the new year– and Spain is no exception: Earlier today, the country followed in the footsteps of Ireland as its first auction of 2014 produced better than expected results.Perhaps, then, it is no surprise that...
Today’s release of October producer price data by Spain revealed a dip into negative territory: Germany’ producer price data has been fluctuating around zero for much of the year so far, making a more definitive move downward beginning in August: Meanwhile, France and Italy are...
In addition to looking at individual companies in the relative strength point-and-figure methodology, we also have the ability to look at aggregates such as the MSCI World country indices.A quick look at the European countries reveals a disparate bunch.Some are in significant downtrends that will...
After a brief decline late last year and into 2013, non-performing loans at Spanish banks increased again in September and now account for 12.7% of lending (up from 12.1% in August and 10.1.% a year ago): Financial companies have been the worst performers in MSCI...
While Inditex fell below long-term support earlier this year, the stock price has managed to retrace much of that move down:Meanwhile, retail sales posted a yearly gain for the first time since 2010:...
In spite of a better than expected monthly rise in production (in August), industrial activity in the five largest European countries continues to contract on a yearly basis– with the exception of Germany:And the recent tick down in the PMI Manufacturing survey would not suggest...
