FXStreet (Guatemala) – Analysts at BNP Paribas offered a flash report across Europe and the US economies.
Key Quotes:
“Greek banks under pressure
Customer deposits at Greek banks have eroded swiftly and banks are forced to make more use of ECB liquidity.”
“France: Reversal of the unemployment curve: such a long wait
A reversal of the jobless curve will need more than one quarter of strong growth.”
“EZ: A good start that continues, …despite Greece
PMI indices for June are positive, albeit… Equity markets rebounded.”
“EZ: A rather pleasant spring
In June, PMI surveys confirm the spring improvement.”
“US: Noflation is still an issue
In the US, the recovery strengthens but does not generate pressure on prices.”
(Market News Provided by FXstreet)