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Economic Sentiment in Eurozone Reaches Decade High

The European Union says economic sentiment across the 19-country eurozone is at its highest level for nearly a decade, the latest signal that the region’s recovery has moved up a gear or two.

In its monthly survey of the region released Thursday, the executive Commission said its economic sentiment indicator for the eurozone rose by 1.6 points in April to 109.6. That’s the highest since August 2007 when early signs of the global financial crisis were emerging.



The Commission said the increase was broad-based across sectors, including industry and retail, and across countries.

There has been a wide array of evidence, mainly survey-related, suggesting the eurozone economy has picked up steam this year despite concerns related to a run of elections in Europe and Britain’s exit from the EU.

via Mainichi [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza