Portuguese shoppers are joining exporters in dragging the country out of the longest recession in at least 25 years, and bondholders are benefiting.
Commerzbank AG raised its forecasts for the euro against the dollar through December 2013, saying the projected weakness in the 17-nation currency will come later than it previously forecast.
Manufacturing growth from China to the euro region and the U.S. slowed in May, adding to signs that momentum is weakening in a global economy facing headwinds from rising commodity costs and regional shocks.
Wedding photographer Vitor Duarte knows what it’s like to get a smile, and he says there’s not much to smile about in Portugal.
German investor confidence fell for a fifth month in May in a sign of growing concern that threats from low inflation to a strong euro may undermine the recovery.
Growth in Europe’s services and manufacturing industries unexpectedly accelerated in July as concern over the sovereign-debt crisis eased and an increase in global trade spurred exports.
Germany’s drive to mold the rest of Europe into its economic image may come at a cost for the country’s export machine.
German investor confidence jumped to a 21-month high in March after the European Central Bank flooded financial markets with cash and the sovereign debt crisis showed signs of abating.
"Companies are still worried about future developments in the euro zone and this inhibits their willingness to invest."
- Ralph Solveen on Jul 07, 2013
Commerzbank’s Solveen Says Euro to Weaken
Commerzbank’s Solveen Sees Little Inflation Risk: Audio