Dow Jones Europe Composite Index (weekly),20 week exponential average ingreen, 5 week exponential average inred, 52 week ROC (rate of change) inyellow,MACD (moving average convergence divergence) in green.
Dow Jones Europe Stock Index (daily),20 day exponential average ingreen, 5 day exponential average inred, MACD (moving average convergence divergence) in green.
Europe Notes & Links:
11/18/09 EU construction output fell 1.1%
11/16/09 YoY EU consumer prices rose 0.5% in October
11/12/09 EU industrial production rose 0.2% MoM but fell 12.1% YoY.
11/4/09 Services in the Euro zone rose from 52.3 to 52.6 in October
10/27/09 The eurozone reports the first YoY fall in bank lending to the private sector of 0.3% -- strengthening the case for the ECB to maintain its ultra-loose interest rate policy.
10/23/09 EU industrial orders rose 1.2% MoM, but fell 22.3% YoY
10/21/09 (Spiegel) The European Union is funding ambitious programs aimed at monitoring human behavior in an effort to identify deviance and pick out potential terrorists. The implications for privacy are myriad.
10/20/09 Construction output in the EU fell 0.5% MoM and 11.1% YoY.
10/16/09 YoY EU exports fell 20% in August
10/15/09 Consumer prices in the EU rose0.3% YoY.
10/7/09 GDP in the EU fell 0.3% QoQ and down 4.9% YoY
10/5/09 Retail sales in the EU fell 0.3% MoM and 1.8% YoY.
EU manufacturing and services rose from 50.4 to 51.1.
9/17/09 Construction output in the EU fell 1.1% MoM and 11.1% YoY
9/16/09 YoY Consumer prices in the EU rose 0.6% in August
9/14/09 EU industrial production fell 0.2% in July and 14.7% YoY
9/3/09 Retail sales in the EU rose 0.2% in July.
Purchasing Managers Index in the EU rose from 50.0 to 50.4 in August
9/2/09 GDP in the EU fell 0.2% in Q2
Producer prices in the EU fell 1.0% MoM and 8.4% YoY
9/1/09 EU unemployment -rose from 8.9% to 9.0% in July
8/28/09 EU consumer confidence rose from 76 to 80.6 in August.
8/24/09 Industrial new orders in the EU fell 0.4% MoM and down 24% YoY
8/18/09 Construction output in the EU fell 3.3% MoM and down 14.1% YoY.
8/17/09 Euro Zone’s June Trade Balance out at 1.0B (1.3B expected) and 1.1B in May
8/12/09 Industrial production in the EU fell 0.2% MoM and 15.6% YoY
8/7/09 The European Central Bank and 18 other banks agreed to limit their sales of gold to no more than 400 tons per year until 2014.
7/31/09 Unemployment rate in the EU rose from 8.8% to 8.9% in June.
EU July CPI fell 0.6%. (-0.4% expected)
7/23/09 Euro Zone May Current Account out at -1.2B vs. -6.1B in Apr.
7/22/09 MoM Euro Zone May Industrial New Orders fell -0.2%
7/17/09 Euro Zone May Construction Output fell -2.0% MoM.
7/15/09 Euro Zone June CPI rose 0.2% MoM. Core CPI rose 1.4% YoY
7/14/09 Industrial production in the EU rose 0.1% in May, but fell 15.9% YoY
7/6/09 Retail sales in the EU-27 fell 0.5% in May.
Euro Zone July Sentix Investor Confidence fell to -31.3 from -27.0 in June
7/2/09 The unemployment rate in the EU rose from 8.7% to 8.9% in May
The European Central Bank met and kept its interest rate unchanged at 1.0%.
6/25/09 Euro zone’s index of industrial new orders fell 0.5% MoM and 35% YoY
6/23/09 Euro Zone June PMI Manufacturing out at 42.4 versus 40.7 in May.
Euro Zone June PMI Services out at 44.5 versus. 44.8 in May
6/22/09 The World Bank expects world GDP to fall 2.9% in 2009, worse than the 1.7% predicted in March. They expect U.S. GDP to fall 3% and 4.5% in Europe.
6/17/09 Construction output in the EU rose 0.7% in April.
6/16/09 YoY Consumer prices in the Euro area rose 0.7% in May
6/12/09 EU industrial production fell 21.6% YoY.
6/4/09 Retail sales volume in the EU area rose 0.5% MOM, but fell 1.4% YoY.
6/2/09 The unemployment rate in the EU rose from 8.4% to 8.6% in April
Manufacturing index in the Euro zone rose from 36.8 to 40.7
5/28/09 Euro Zone May Consumer Confidence was steady at -31 vs. -30 expected
5/21/09 European manufacturing and services index rose from 41.1 to 43.9
5/19/09 Construction output in the EU fell 2.1% MoM and 10.5% YoY
5/15/09 GDP in the Euro area fell 2.5% QoQ and down 4.6% YoY
Consumer prices in the Euro area rose 0.6% YoY
5/7/09 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said the ECB unanimously agreed on a 60 billion- euro ($80.5 billion) plan to buy bonds as officials step up their response to the worst recession since World War II.
The ECB lowered its interest rate from 1.25% to 1.00%.
5/6/09 Retail sales in the Eurozone fell 0.6% MoM and down 4.2% YoY
Euro zone's composite index of manufacturing and services rose from 38.3 to 41.1 in April
5/5/09 YoY Producer prices in the Euro area fell 3.1% in March
4/30/09 Unemployment rate in the Euro area rose from 8.7% to 8.9% in March
Consumer prices in the Euro area rose 0.6%
4/23/09 Industrial new orders in the Euro area fell 0.6% in February.
Euro area composite index of services and manufacturing increased from 38.3 to 40.5
4/17/09 Construction output in the Euro area fell 1.8% MoM and 11.8% YoY.
4/16/09 Industrial production in the Euro area fell 2.3% in February and 18.4% YoY
4/2/09 The European Central Bank reduced its interest rate from 1.50% to 1.25
4/1/09 Unemployment rate in the Euro area rose from 8.3% to 8.5% in February
3/30/09 Economic sentiment in the Euro area fell from 65.3 to 64.6 in March
3/27/09 Industrial new orders in the Euro area fell 3.4% MoM and down 34% YoY
3/23/09 Construction output rose 1.3% in the Euro area but fell 9.1% YoY.
3/20/09 Industrial production in the Euro area fell 3.5% in January
3/16/09 YoY consumer prices in the Euro area rose 1.2% in February.
3/13/09 The European car market shrank 18% in February
3/5/2009 The ECB cut rates from 2.00% to a record low 1.50%, as expected.
GDP in the Euro area fell 1.5% in Q4, but rose 0.8% for all of 2008.
2/27/09 Unemployment in the Euro area rose from 8.1% to 8.2% in January.
Consumer prices in the Euro area rose 1.1% YoY
2/25/09 Industrial new orders in the Euro area fell 5.2% MoM and 22% YoY.
YoY EU steel production fell 45.9% in January
2/11/2009 European banks sitting on £16.3 trillion of toxic assets may suffer massive losses according to a confidential Brussels document
2/5/09 The European Central Bank kept its interest rate unchanged at 2.0%
2/4/2009 Retail sales in the Euro area fell 1.6% YoY
2/3/09 Industrial producer prices in the Euro area fell 1.3% MoM.
1/30/09 Unemployment in the Euro area rose from 7.9% to 8.0%.
Euro area inflation was 1.1% per cent in January – the lowest since June 1999
1/15/09 The European Central Bank cut its interest rate from 2.50% to 2.00%
Consumer prices rose 1.6% in the Euro area
1/14/09 Industrial production in the Euro area fell 1.6% MoM, and 7.7% YoY.
1/8/09 Euro zone business sentiment fell to 67.1 from Novembers 74.9 - the lowest level since records started in 1990.
Euro zone GDP fell 0.2% QoQ,
Euro zone unemployment rate rose from 7.7% to 7.8%.
1/7/09 Euro area’s producer prices fell 1.9% MoM, but rose 3.3% YoY.
1/6/09 Inflation in the eurozone fell more than expected to 1.6% in December.
12/17/2008 YoY Consumer prices in the Euro area rose 2.1%
Construction output in the Euro area rose 0.1% in October, but down 4.0 YoY
12/16/2008 Manufacturing and services index in the Euro area fell from 38.9 to 38.3
12/12/2008 Industrial output in the Euro area fell 1.2% in October and 5.3% YoY
The EU will spend 200 billion Euros, 1.5% of GDP, to help the economy.
12/4/2008 The European Central Bank reduced its interest rate from 3.25% to 2.50%,
GDP in the Euro area fell 0.2% QoQ, but up rose 0.6% YoY.
12/3/2008 Retail sales in the Euro area fell 0.8% MoM and 2.1% YoY
Services index for the Euro zone fell from 45.8 to 42.5
12/1/08 Euro zone manufacturing fell from 41.1 to a record low of 35.6 in November.
11/25/08 The European Union is plotting a 200 billion euro stimulus plan.
11/24/08 Industrial new orders in the Euro area fell 3.9% in September. YoY orders fell 1.1%.
11/21/08 Manufacturing and services index in the Euro area dropped from 43.6 to 39.7
11/19/08 Construction output in the Euro area fell 1.3% in September.
11/14/08 GDP in the Euro area fell 0.2% in the third quarter of 2008, but rose 0.7% YoY
YoY Consumer prices in the Euro area rose 3.2% in October.
11/12/08 Industrial production in the Euro area fell 1.6% in September.
11/6/08 The European Central Bank cut its rate from 3.75% to 3.25%
11/5/08 An index of services in the Euro zone fell from 48.4 to 45.6 in October.
11/5/08 Retail sales volume in the Euro area fell 0.2% MoM and down 1.6% YoY.
11/4/08 YoY producer prices in the Euro area rose 7.9% in September.
11/3/2008 Euro zone manufacturing fell from 45.0 to 41.1 in October.
10/30/08 Unemployment rate in the Euro area remained at 7.5% in September.
10/23/08 Industrial new orders in the Euro area fell 1.2% in August
10/15/08 European car sales fell 8.2% last month. BMW has begun to idle three plants - Opel has shut a factory.
YoY consumer prices in the Euro area rose 3.6% in September.
10/14/08 Industrial production in the Euro area rose 1.1% in August, but fell 0.7% YoY.
10/8/2008 The ECB, Bank of England, Bank of Canada and Sweden each cut their benchmark rates by half a percentage point.
The ECB's rate is now 3.75 %; Canada's 2.5%; the U.K.'s at 4.5%; and Sweden's rate at 4.25%.
10/7/2008 The EU's Central Bank, Bank of England, and the Swiss National Bank injected $70 billion to the banking system to keep the sector liquid.
10/1/2008 Unemployment for the Euro area rose from 7.4% to 7.5% in August.
9/30/08 Euro zone consumer prices rose 3.6%.
9/12/08 Industrial production in the Euro area fell 0.3% in July.
8/22/08 Industrial new orders for the Euro area fell 0.3% in June.
8/14/08 GDP in the Euro area fell 0.2% in the second quarter.
YoY Consumer prices in the Euro area rose 4.0% in July.
8/7/08 The European Central Bank kept its interest rate unchanged at 4.25%
8/5/08 Retail sales volume in the Euro area fell 0.6% in June.
7/23/08 Industrial orders for the Euro area fell 3.5% in May and down 4.4% YoY.
7/16/08 YoY consumer prices in the Euro area rose 4.0% in June
7/14/08 Industrial production in the Euro area fell 1.9% in May and down 0.6% YoY
7/9/2008 GDP in the Euro area rose 0.7% QoQ and 2.1% YoY
7/3/08 The European Central Bank increased its interest rate from 4.00% to 4.25%, as expected.
Retail sales in the Euro area rose 1.2% in May.
7/2/08 Producer prices in the Euro area rose 1.2% in May and up 7.1% YoY.
7/1/08 Manufacturing in the Euro area fell from 50.6 to 49.2 in June, the lowest in three years
Unemployment in the Euro area stayed at 7.2% in May.
6/26/08 Industrial new orders in the Euro area rose 2.5% in April and up 11.8% YoY.
5/30/08 Unemployment rate for the Euro area remained at 7.1% in April. Consumer prices the Euro area rose 3.6% YoY
5/7/08 Retail sales volume in the Euro area fell 0.4% in March.
4/30/08 Consumer prices in the Euro area rose 3.3% YoY.
4/23/08 Industrial new orders for the Euro zone rose 0.6% in February.
Euro zone index of services rose from 51.6 to 51.8 in March.
4/22/08 A member of the European Central Bank said “again” interest rates might need to be raised to fight inflationary pressures.
4/16/08 Consumer prices in the Euro area rose 3.6%YoY
4/9/08 4/9/08 GDP in the Euro area rose 2.6% in 2007.
2/14/08 GDP in the Euro zone rose 0.4% QoQ and 2.3% YoY.
2/13/08 Industrial production in the Euro area fell 0.2%.
2/6/08 Index of services in the Euro area dropped from 53.1 to 50.6.
2/5/08 Retail sales volume in the Euro area fell 0.1% in December.
2/4/08 Producer prices in the Euro area rose 0.1% in December and 4.3% YoY.
1/8/07 The unemployment rate in the Euro area unchanged at 7.2% in November.
EU Producer prices rose 0.8% in November and up 4.1% YoY.
1/3/08 Euro-Zone M3 monetary total showed November YoY growth of 12.3%.
12/6/07 The European Central Bank kept its interest rate unchanged at 4.0%.
12/3/07 EU 13 unemployment fell to 7.2 % in October.
11/30/07 GDP in the euro zone rose 2.7% YoY
11/10/07 The European Commission reduced its estimate of GDP growth for the Euro area from 2.5% to 2.2% in 2008, they expect 2.1% growth in 2009.
11/10/07 Europe's central banks sold 50 tons of gold in October.
10/31/07 Unemployment rate in the Euro area dropped from 7.4% to 7.3%.
10/12/07 Industrial production in the Euro area rose 1.2% and 4.3% YoY.
10/3/07 Retail sales volume in the Euro area rose 0.1% in August, and 1.0% YoY.
9/6/07 The European Central Bank kept its interest rate unchanged at 4.0%, as expected.
8/26/07 An index of manufacturing and services in Europe fell from 57.5 to 57.2 in August.
4/24/07 Industrial new orders in the Euro area were down 0.7% MoM, and up 4.7% YoY.
4/4/07 Eurostat said that retail trade volume in the Euro area was up 1.2% YoY.
4/1/07 Inflation in the euro 13 region will probably reach 1.9 percent in March, the European Union said Friday.
The unemployment rate in the Euro area fell from 7.4% to 7.3% in February.
Business sentiment in the Euro area rose from 109.7 to 111.2 MoM.
3/17/03 Industrial production in the Euro area was down 0.2% in January and up 3.7% YoY.
3/6/07 Eurostat changed its estimate of 2006 real GDP growth in the Euro zone from 2.7% to 2.6%.
2/28/07 The unemployment rate in the Euro area improved from 7.5% to 7.4% in January.
The inflation rate in the Euro area improved from 1.9% to 1.8% in January
1/23/07 The Conference Board leading indicators figure for December came in +0.3%, which was better than expected.
1/17/07 YoY Consumer prices in the Euro zone were up 1.9% in December.
12/15/06 YoY Consumer prices in the EU-12 were up 1.9% in November
12/14/06 EU-12 Labor costs up 2.0% YoY.
12/12/06 Euro Zone Economic Sentiment at -3.0 vs. -8.5 expected.
11/30/06 Real GDP in the EU-12 was up 0.5% QoQ and up 2.7% YoY.
11/22/06 Industrial orders in the EU-12 were down 1.3% in September.
11/3/06 The unemployment rate in the EU-12 remained unchanged at 7.8% in September.
11/2/06 Manufacturing in Europe increased from 56.6 to 57.0.
10/18/06 The Euro zone trade deficit with China rose to a record 47.6 bln Euros ($59.7 bln) in the year through July, up 24% YoY.
10/17/06 YoY consumer prices in the Euro-12 were up 1.7% in September.
10/5/06 The European Central Bank increased its interest rate from 3.00% to 3.25%.
10/4/06 YoY Retail sales volume in the EU-12 up 2.4% in August.
10/3/06 The European Aug unemployment rate rose to 7.9% from 7.8% in July, which was the first rise in the unemployment rate in nearly 3 years.
9/15/06 In the EU-12 consumer prices were up 2.3% YoY.
9/6/06 The European Commission raised its economic growth and inflation forecasts for the Euro zone for this year, and said it may also revise up 2007 growth projections in November.
8/30/06 The European Central Bank kept interest rate unchanged at 3.0%,
8/1/06 The unemployment rate in the Euro-12 improved from 7.9% to 7.8% in June while unemployment in the EU-25 improved from 8.2% to 8.1%.
7/31/06 Euro zone confidence rose to a 5-year high in July.
7/5/06 YoY retail sales in the Euro zone increased 0.8% in May.
7/3/06 The unemployment rate in the Euro zone improved from 8.0% to 7.9% in May. In the EU-25.
7/3/06 Manufacturing in the Euro zone increased from 57.0 to 57.7 in June, the highest score in six years.
6/6/06 Index of services in the Euro zone increased from 58.3 to 58.7 in May, the highest in five years.
5/17/06 YoY Consumer prices in the Euro zone were up 2.4% in April
5/8/06 The European Commission increased its estimate of 2006 GDP growth from 1.9% to 2.1% for the Euro zone, but reduced its 2007 estimate from 2.1% to 1.8%.
5/4/06 EU Euro-Zone MoM retail sales for March out at -0.8% vs. 0.1% expected.
EU ECB leaves rate at 2.50% as expected.
5/3/06 The unemployment rate in the Euro zone improved from 8.2% to 8.1% in March
4/28/06 YoY the Euro zone consumer prices increased 2.4% in April .
4/20/06 The Euro zone’s consumer price was up 2.2% in March
4/12/06 European 2005 GDP was up 1.3% in the Eurozone and up 1.6% in the EU-25.
04/05/06 An index of services in Europe stayed at 58.2 in March, the highest in five years.
4/3/06 Europe's manufacturing index rose from 54.5 to 56.1 in March, the best in over five.
3/16/06 YoY consumer prices in the Euro zone were up 2.3% in February
3/6/06 Retail sales volumes in the Euro zone were up 0.9% YoY.
3/1/06 The unemployment rate in the Euro zone remained at 8.3% in January. For the EU-25, the unemployment rate was 8.5%.
YoY consumer prices in the Euro zone have increased 2.3% in February.
1/19/06 YoY Consumer prices in the Euro zone were up 2.2% in December.
1/3/06 An index of manufacturing in Europe increased from 52.8 to 53.6 in December.
12/1/05 The unemployment rate in the Euro-zone was 8.3% in October. The unemployment rate for the EU-25 was 8.5%.
11/17/05 The European Commission said that the Euro-zone will grow by 1.3% this year, 1.9% in 2006, and 2.1% in 2007.
11/16/05 EuroZone CPI for October at 0.3% as expected.
11/15/05 GDP in the Euro zone was up 0.6% in the third quarter and up 1.5% YoY. For the EU-25, GDP was up 0.6% in the third quarter and up 1.6% YoY.
11/14/05 European Central Bank policymakers issued warnings on inflationary dangers in the euro zone on Monday with two central bankers saying the ECB should raise interest rates before prices surge.
11/14/05 YoY Retail sales in the Euro zone were up 0.9% in September.
10/13/05 GDP in the Euro zone was up 0.3% in the second quarter and up 1.1% YoY.
10/5/05 An index of services in the Euro zone increased from 53.4 to 54.7 in September, stronger than expected
08/04/05 The European Central Bank kept its interest rate unchanged at 2.0%.
08/03/05 An index of services in the Euro zone increased from 53.1 to 53.5 in July.
08/01/05 An index of manufacturing in the Euro zone improved from 49.9 to 50.8 in July, the highest in five months.
07/05/05 An index of retail sales in the Euro zone dropped from 50.1 to 49.2 in June.
06/20/05 Members of the European Union failed to agree on a new seven-year budget over the weekend.
06/01/05 The purchasing managers index for the eurozone, fell from 49.2 in April to a 22-month low of 48.7 in May. A figure below 50 represents contraction.
05/24/05 The Organization for Economic Cooperation and Development (OECD) reduced its 2005 growth forecast for the Euro zone from 1.9% to 1.2% .
05/04/05 The European Central Bank kept its interest rate unchanged at 2.0%, as expected. The rate has not moved for almost two years.
04/13/05 The IMF said that they expect real economic growth in 2005 and 2006 for the Euro area to be 1.6% and 2.3%.
03/04/04 The EU-25 unemployment rate dropped from 8.9% to 8.8%.
03/03/05 An index of services in the Euro-zone dropped from 53.4 to 53.0 in February.
02/28/05 Consumer prices in the Euro-zone were up 1.9% in January from a year ago, the lowest increase in ten months.
02/15/05 GDP in the Euro-zone was up 0.2% in the fourth quarter and up 1.6% YoY, less than expected. For all of 2004, GDP was up 2.0% in the Euro-zone and up 2.3% in the EU-25.
02/03/05 The unemployment rate in the Euro zone increased from 8.8% to 8.9% in December. For the EU-25, the unemployment rate remained at 8.9%. The European Central Bank met and kept the interest rate at 2.00% for the 20th consecutive month.
01/31/05 An index of business confidence in Europe dropped from -4 to -5 in January.
01/14/05 Car sales in western Europe were up 2.1% in 2004 to 14.2 million vehicles, the first annual increase in three years.
01/11/05 President Trichet of the European Central Bank said that he expects the world economy to grow 4% in 2005.
01/11/05 An index of investor confidence in Germany increased from 14.4 to 26.9 in January, stronger than expected.
01/06/05 An index of business confidence in the Euro-zone dropped from -3 to -4 in December, weaker than expected.
01/05/05 An index of services in the Euro-zone was unchanged in December at 52.6.
01/04/05 Eurostat said that YoY inflation in the Euro-zone was up 2.3% in December.
01/03/05 An index of manufacturing in the Euro zone increased from 50.4 to 51.4 in December.
12/22/04 Industrial orders in the Euro-zone were up 0.2% in October and up 0.6% YoY.
12/06/04 An index of retail sales in the Euro-zone fell from 48.3 to 48.0 in November.
12/03/04 An index of services in the Euro-zone dropped from 53.5 to 52.6 in November, the slowest rate of expansion in over a year.
12/01/04 The European Central Bank reduced its growth estimate for 2005 from 2.3% to 1.9%.
12/01/04 GDP in the Euro-zone was up 0.3% in the third quarter and up 1.8% YoY.
12/01/04 YoY Consumer prices in the Euro-zone are up 2.2% in November.
12/01/04 The unemployment rate in the Euro-zone remained at 8.9% in October.
11/23/04 The euro rose to a record against the US dollar for the sixth time this month after Russia’s central bank said it is looking to increase its single currency reserves.
11/17/04 Consumer prices in the Euro-zone were up 2.1% in September and up 2.4% year over year. Industrial production was up 0.5%.
11/12/04 The GDP in the Euro zone was up .3% in the third quarter and up 1.9% from a year ago.
10/18/04 Consumer prices in the Euro zone were up 2.1% in September from a year ago, down from the 2.3% increase in August.
10/14/04 The European Union reduced its 2005 growth forecast from 2.3% to 2.1%, due to high oil prices having a negative impact on the economy.
10/01/04 Index of purchasing managers in Europe fell from 53.9 to 53.1 in September.
09/30/04 Year over year Consumer prices in the Euro zone were up 2.2% in September.
09/22/04 European Central Bank President Jean-Claude Trichet said that he expects GDP in the Euro zone to be up 1.9% this year and 2.8% in 2005.
09/21/04 The Organization for Economic Cooperation and Development 2004 forecast growth for the Euro zone up from 1.6% to 2.0%.
09/07/04 GDP in the Euro zone was up .5% in the second quarter and up 2.0% year over year.
05/26/04 Axel Weber, the new president of Germany's Bundesbank said that the Euro zone's current 2.0% interest rate is not standing in the way of economic growth.