Equity markets in Europe took a breather this week and remained largely unchanged. In the US and Asia, however, markets were under pressure. German Bunds and crude oil were in demand. Gold is trading below USD1600/oz again.
Eurozone industrial production rose surprisingly in May, with a 0.6% rise in output becoming the second monthly increase in nine months. Yet the rise only partly reversed the previous month's 1.1% fall. Moreover, production in all the major sectors remained much lower than a year earlier. The durable consumer goods sector is still doing worst, with production 6.4% lower than a year ago.
Eurozone industrial production rose surprisingly in May, with a 0.6% rise in output becoming the second monthly increase in nine months. Yet the rise only partly reversed the previous month's 1.1% fall. Moreover, production in all the major sectors remained much lower than a year earlier. The durable consumer goods sector is still doing worst, with production 6.4% lower than a year ago.
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