Resilient European Growth Could Fend Off Further Euro Falls
Dow Jones
Yesterday
1113 GMT - Evidence of economic resilience in Europe should help stabilize the euro after recent losses on French fiscal concerns, MUFG Bank's Derek Halpenny says in a note. Germany's government raised its forecast for economic growth to 1.3% in 2026 and 1.1% in 2027 from previous forecasts of 0.5% and 0.9% respectively. "Growth had been downgraded in response to the war but the new estimate for this year is above the 1.0% estimate at the start of the year underlining the level of resilience," Halpenny says. This resilience will help maintain current market pricing for European Central Bank interest-rate rises, he says. The euro is steady at $1.1205, having hit a more than 16-month low of $1.1160 Monday, according to LSEG.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.