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Tradeline Financials - European Union Economic Update - Week 42, 2014

European markets are expected to open significantly lower today following on from a poor trading session in the US and Asia.

Across the board major European indexes lost roughly 1.5% on Friday and could open up to 1% lower today.

Recent data out of Germany has disappointed and many believe that the government is not taking sufficient steps to deal with the recent downturn in their economy. Several factors are at the top of the list, most notably the sanctions currently in place against Russia, Germanys largest trading partner and its exposure to its fellow European Union members whose economies are failing at terrible rates.

Being the largest economic power in Europe has its pressures and the recent run of poor data shows that their predominantly export driven economy is starting to suffer as emerging markets slow down and China steps up its efforts to continue its growth.

France received another shot at the weekend as Standard & Poor reduced their target to a negative outlook on the sovereign rating. France has been in some serious trouble lately and there is no way forward insight. The French economy has been battered and this is now starting to show in its politics as far right groups are starting to take seats in their respective regions.

The UK is being warned that it is not immune to the possible recession its cousins in Europe are facing. With several local issues recently, the UK has managed to keep itself above the red line and has, according to some, managed to protect itself from the downturn seen in Europe. With London being the epicenter of European finance it is a key gauge as to the health of the economy and if it can continue to show strength and an ability to avoid the same path Europe is heading down, the UK economy should be able to expand at the predicted 3.2% for 2014, which the IMF forecast just last week.

Major European Indices as of 10th October 2014:

FTSE 100 - 6,339.97 -1.43%

DAX - 8,788.81 -2.40%

CAC - 4,073.71 -1.64%

BEL 20 - 3,041.99 -1.64%

IBEX - 10,150.50 -1.20%

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DISCLAIMER The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Tradeline Financials. All market data within this release is for your general information and enjoys indicative status only. Tradeline Financials does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.


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