Confidence Improving in the Eurozone

Put aside the dark clouds of Greece’s debts and the French elections: Economic confidence at the highest level since 2011 suggests that the euro-area economy is in better shape than it’s been for years.

While just a year ago European Central Bank officials were debating easing policy further, the tables could now be turning — though to be sure Brexit, the state of Greek finances and a wave of populism in some nations remain formidable threats. Capturing the shift in tone, Bundesbank President Jens Weidmann said market expectations for an interest-rate increase in 2019 didn’t sound “absurd.”


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.