Can You Say ‘Quantitative Failure’? Fresh Evidence Of Eurozone Economic Deceleration Raises Uncomfortable Questions
Well, guess what? There's new evidence to support the contention that the Eurozone economy may have peaked in Q1, although I'm sure the ECB is still sticking with the "transitory" narrative because you know, what else are they going to do at this point? Admit that the dreaded "quantitative failure" is in the cards?
The IHS Markit composite PMI fell to an 18-month low of 54.1, in May, missing estimates of 55.1:
The euro, which had already knee-jerked lower a half hour earlier on similarly we
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