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PVM Midday Report 28 March 2014

Published Friday, March 28th, 2014


  1. Eurozone consumer sentiment improves in March
  2. US consumer spending rises 0.3% in February
  3. Spanish inflation slumps into negative territory during March
  4. German economy minister expects Russia to respect existing energy contracts


Economy: European stock markets are set to end the week on a high as risk appetite gains support from waning geopolitical concerns and hopes that the ECB will soon ease policy – the Eurofirst 300 is advancing 0.5%. The potential for further monetary stimulus comes as Spanish consumer prices fell at their fastest pace since October 2009 and will add to already existing deflationary pressures. Preliminary inflation from Germany has also pointed to weak price pressures. Fears of deflation have been accompanied by yet another survey showing an improvement in consumer confidence across the region.

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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.