Alroy Commentary – Europe place a role to boost global economy
Even if economy grows slow, the Continent starts to place a more important role in boosting global economy. Since European Debt Crisis in late 2009, European economy was in a muddle. Euro area economy now becomes stabilization, according to recent economic data. Such stabilization will reinstate Europe as a support for international demand and financial markets.
Economic data shows improvement in euro area. Industrial production and GDP in euro area both slightly rose by 0.7% and 0.3% in respectively. In Germany, factory orders increased the most by eight months. Spain’s unemployment rate reduced for the first time in two years. The European central Bank (ECB) forecasts a contraction of 0.6% in euro area in 2013, then an expansion of 1.1% in 2014.
Different with U.S., cheer of European market is not because their economy rapidly recovery, but they are clearly stabilizing. A recent fund manager survey showed that Europe is not the market they worry most. Only 14% of response regarded European Debt Crisis as the biggest risk, but 56% of response worry about China hard-landing. Global investors are confident that euro area will grow slow but stably.
For European market, we will keep our attention, and look for high potential asset.
Copyright ©2015. Alroy Financial Services Limited. All rights reserved. Member of Hong Kong Professional Insurance Brokers Association. Membership No. M-437. |
Follow Us: Show: Full Site | Mobile site |
|
The information of this page is for reference only; it does not constitute any selling purpose, solicitation of buying and recommendation for you to participate and complete any transaction. |