Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Stocks, Yields Extend Drop After EU Slashes Growth Outlook

Courtesy of ZeroHedge. View original post here.

Surprise!

The European Commission slashed previously hope-filled economic growth forecasts for the region this morning.

Most notably, the Euro-area GDP growth forecast for 2019 cut to 1.2% from 1.3% prior with Germany slashed to 0.5% from 1.1%.

“As initial deadlines for U.S.-China trade negotiations and Brexit have passed without resolution, various uncertainties continue to loom large,” the European Commission said in its quarterly report. “An escalation of trade tensions could prove to be a major shock.”

The cut prompted buying in bonds (with Bund and Treasury yields sliding)…

The euro weakened as officials in Brussels warned that the downside risks to the region’s outlook remain “prominent.’’

And sent stocks to the lows of the day…

Additionally, and not helping matters much, Eurogroup President Mario Centeno said at a Bloomberg event in Brussels on Tuesday that:

"I hope that the next crisis is not of the same sort as the last one."

Did the crisis ever actually end? Or were Draghi's band-aids just masking the symptoms?


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!