Free Trial
US DATA

Used Car Prices Stalled In 1H June

US TSYS

Falling Breakevens Help Cap Yield Gains

COMMODITIES

Oil Sharply Lower Amid Ongoing Demand Concerns

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: EZ Outlook Not One Of Incoming Recession: Gentiloni

(MNI) London
(MNI) Brussels

EU Commissioner Gentiloni Says Still “Plenty Of Energy” In EU Economies

True

It is still too early to assess the impact of the Ukraine war and sanctions on the euro zone economy and played down the prospects of stagflation, EU Economy Commissioner Paolo Gentiloni said Monday.

Gentiloni told reporters on arrival at the Eurogroup meeting in Luxembourg today that: “the overall picture should not be described as incoming recession - of course there are risks - but there is also plenty of energy in our economies to keep a - very much reduced - level of growth going”.

Keep reading...Show less
130 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

It is still too early to assess the impact of the Ukraine war and sanctions on the euro zone economy and played down the prospects of stagflation, EU Economy Commissioner Paolo Gentiloni said Monday.

Gentiloni told reporters on arrival at the Eurogroup meeting in Luxembourg today that: “the overall picture should not be described as incoming recession - of course there are risks - but there is also plenty of energy in our economies to keep a - very much reduced - level of growth going”.

Keep reading...Show less