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PVM Midday Report 06 March 2014

Published Thursday, March 6th, 2014

Headlines

  1. BoE & ECB keep monetary policy on hold
  2. Crimean parliament votes to join Russia, referendum to take place on March 16
  3. German industrial orders rebound in January with rise of 1.2% from December
  4. Greek unemployment edges down  to 27.5% in December from 27.6% in November

Fundamentals

Economy: European stocks are tracking overnight gains in Asia as the ongoing diplomatic efforts to resolve the Ukrainian crisis supports the relatively calm mood – the Eurofirst 300 is gaining 0.4%. The decision by the ECB to maintain its monetary policy along with encouraging data from the Eurozone is sending the euro 0.2% higher versus the dollar. German factory orders in January rose 1.2% from December and Greek unemployment dipped marginally to 27.5% in December from 27.6% in the previous month

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Posted by Stephen Brennock

Stephen Brennock joined PVM in 2013 after having worked as a project manager for a business development firm. He graduated with a degree in Business Management in 2007.