Tradeline Financials - European Markit PMI Update - Week 45, 2014

Nov. 4, 2014 - PRLog -- Tradeline Financials is an independent, diversified financial services firm catering to all types of investors. Our goal is to understand, anticipate and meet our clients' changing financial needs with the vast array of high-quality products and services at our disposal.

Tradeline Financials - European Economic Update - Week 45, 2014

Markets in Europe opened higher today after a string of economic data showed a slightly brighter picture in the region, albeit for only a few of its members.

Markits Purchasing Managers Index reported on several of the larger economies today and the news was mixed.

Leading the way was the UK which saw an increase in October to 53.2 from Septembers 51.5. This is a 3mth high for the UK however exports had dropped over the same period, largely attributed to the stagnation in Europe.

Both Germany and Spain showed improvement. Germany saw one of its worst months in September, registering just 49.9. October saw a return to expansion with a result of 51.4. Spain managed its 11th month of expansion.

Italy and France both saw contractions, Italy posting a 49.0 and France came in at 48.5. Both economies are in serious financial turmoil and many believe that France is at the doors of a recession and that Italy is already there.

This data will no doubt be mentioned at the European Central Banks meeting on Thursday and could be the push the ECB needs to commit further to some additional QE.

European investors obviously believe that the ECB will continue to inject funds into the system.

European Indices as of 3rd November 2014:

FTSE 100 - 6,487.97 -0.89%

Dax - 9,251.70 -0.81%

CAC - 4,194.03 -0.92%

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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.