TradingFloor.com Releases Video On European Growth
Released on: February 17, 2011, 7:11 am
TradingFloor.com, the home of Saxo Bank's trading commentary,
financial research and analysis, has released a video discussing the
current European growth.
The European growth situation is particularly in focus, with quite a bit of key
macro data being published which is expected to confirm the 'growth story'. In the
video Mads Koefoed, macro strategist at Saxo Bank's TradingFloor.com discusses the
growth in Europe and in the U.S.
Mads first discusses Eurozone industrial production in addition to the Eurozone and
some individual members' GDP reports. The industrial production numbers of -0.1%
were a little below consensus expectations but above TradingFloor.com's
expectations of -0.4%. Even though the numbers had declined, the manufacturing
sector is still growing strongly in the Eurozone. The declining numbers are thought
to be attributed to the very strong November numbers, which saw industrial
production rising 1.4% month on month, so some give back is it to be expected in
December's numbers. The very poor weather in December will also have had some
affect on production numbers. Mads expects the numbers to improve for January.
The overall GDP reports were also fairly good and what was expected. Countries like
Spain performed better than expected with a result of 2% up. With Germany continuing
to drive the Eurozone, Mads predicts a fairly robust growth in the Eurozone in the
Furthermore, also in focus is a meeting of Europe's Finance Ministers and any
indications of increasing the debt stability of southern Eurozone members. While
Mads does not foresee much news coming out of the event, he does foresee them
discussing the Germany and France proposal to put in place a measure against debt
increase to hopefully ensure a more harmonized corporate tax system in the Eurozone,
despite other leaders not being completely behind this.
Finally, in the U.S. there are also some interesting growth indicative numbers, plus
the Federal Reserve’s Federal Market Open Committee minutes will be published. Mads
points out that the minutes from the meeting are likely to be interesting as they
should give an indication of the newly updated growth estimates, inflation estimates
and the unemployment rate forecast.
TradingFloor.com is the web portal home of Saxo Bank's trading commentary,
financial research and analysis.
TradingFloor.com's diverse contributors who range from macroeconomists to trading
advisors, all strive to deliver insightful, enlightened commentary on trading in the
financial markets - particularly on forex and forex trading,
equities, stocks and commodities. Tradingfloor.com also publishes periodical
model-based research and analysis to help longer-term traders allocate funds between
and within asset classes.
TradingFloor.com's commentary and analysis is delivered in text and video via the
website, where users can watch forex videos and receive
information on products such as CFDs.
The website is also embedded in all Saxo Bank's trading platforms. Users can also
subscribe to content from TradingFloor.com, or from their favorite contributor, via
RSS feed or via Twitter.
TradingFloor.com is owned and managed by Saxo Bank A/S. Saxo Bank is a fully
licensed and EU-regulated international investment bank, headquartered in
Copenhagen, Denmark. Founded in 1992, Saxo Bank has risen to become a leading
international investment bank and Internet trading provider to both private and
Head of Group Public Relations
40 Bank Street
+45 3977 4300
Back to previous page
Submit your press release