Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (2901)	1/8/2001 11:49:26 AM
From: John Pitera	Read Replies (1) \| Respond to of 3536

I should have been watching it closer the past several weeks considering that I've been upbeat on the euro and the AUD. Eurozone business confidence historically strong : The impression that eurozone business confidence remains fairly resilient in the face of an impending US and global growth slowdown was underscored earlier today with the release of the European Commission's December business climate indicator. Though the modest monthly rise from 1.21 to 1.24 was nothing to write home about, the point to drive home is that absolute levels remain well above those seen at the start of 1999. Indeed, the index is still holding around its four year highs. As can be seen from the accompanying chart, business sentiment has ranged around these relatively strong levels since the end of Q1 2000. This confidence measure makes a bit of a contrast to the more widely acclaimed German IFO index, which has fallen more dramatically but, given European growth has always been more resilient outside Germany, the IFO survey's relevance should not be overstated on a pan European basis.