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PVM Midday Report 13 March 2014

Published Thursday, March 13th, 2014

Headlines

  1. Chinese industrial output at 4-year low for January-February period
  2. OECD suspends Russia accession talks following request from its members
  3. Quarterly Greek unemployment reading hits record 27.5% in Q4’13
  4. Russian oil exports from Primorsk set to decline to 1 mbpd in 2014

Fundamentals

Economy: European equities are yet again struggling for traction as another batch of underwhelming Chinese data dampens risk appetite – the Eurofirst 300 is flat. The softer-than-expected figures revealed that Chinese factory growth over the January – February period stood at its lowest since 2009 and will add to existing concerns regarding the country’s economy.

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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.