The Web Tycoon’s blog

The interest rate in Europe is not likely to rise, October has been  the month of the 5th negative strike of the inflation rate in the European Union. However, this time,it was just by -0.1%, due to a increase by 0,25 in the interbank market, The Euribor set this historical minimum at 1,222%.

According the analyst’s forecasts, the prizes in the Eurozone, could recover his positive values this month itself, and make the interest rates end to fall, according the analyst’s forecasts. They also predicted a monthly growth of 0,3% in October, but this became just 0.2%.

The Inflation rate in the Eurozone is keeping too far from the limit objective ( point where the interest rate should be increased) of 2% set by the European Central Bank (ECB). The analysts forecasts continue postponing the increase of interest rates in the Eurozone until the 2010.

(more…)

This week we are seeing the shadow of a new recession. Although the GDP growth in the US is being higher than the expected, today, the Dow had a day in red and felt by 0.31% to 9712 points. But there Isn’t motive to alarm, this week we had many macroeconomic news.

We must be optimistic, according to the Inflation record in the European Union of the 16 , the Eurozone inflation felt more than expected by a 0.3 per cent year on year in September. This means that the ECB will not have to raise interests in order to contain the inflation, and the European economy will continue be boosted at least the whole 2010.

In despite of these good news, there are some black clouds in the skyline. The PMI of Chicago has been unexpectedly low this month, 46.1 points versus the 50 points of August. This means that central United States are destroying economic activity, and if we sum that this month the market lost 254.000 jobs instead of the expected 210.000, it’s not difficult to understand why many people is opting for sell their risky assets.

(more…)